The fundamentals of starting a new business are the same no matter whether you have a ‘brick and mortar’ business or a business that is online. You are not likely to see any profits for even a longer period of time than starting a business in a good economy, and you may even find yourself taking a big hit in your savings to keep your business open until you economy improves and your customers increase.

Start-up companies: New companies may get tax relief on the first 3 years of corporation tax and the value of the relief will be linked to the amount of employers’ PRSI paid by a company in an accounting period subject to a maximum of €5,000 per employee.

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However, entrepreneurship refers to all new businesses, including self-employment and businesses that never intend to grow big or become registered, while startups refer to the new businesses that intend to grow beyond the solo founder, have employees, and intend to grow large.

What’s more, pursuing freelance writing & editing as a business idea can afford you a lifestyle that lets you travel the world as a digital nomad You can find lots of job postings from companies and individuals in need of writing, proofreading, and editing services on Contena , which makes this a high-demand side business idea.

If you are starting with a large team and have investment ea serviced office is probably the best option for you A serviced office will not be cheap but you can usually choose the layout that best suits your team on a particular floor or area of the building.