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Here is the article for your accountants’ blog, written in a practical and compelling style for Irish SME business owners.
We here at Lillis Egan O’Beirn & Co understand that winning new customers is often a major focus for Irish SMEs, but retaining existing customers can have an even greater…

We here at Lillis Egan O’Beirn & Co understand that launching a new product or service can be an exciting opportunity for an Irish SME, but turning an idea into a profitable offering requires more than enthusiasm and market demand. Before committing time, staff and money, business owners should care…

At Lillis Egan O’Beirn & Co we believe that payment terms deserve just as much attention as the price, scope and duration of any new business contract. Irish SMEs can secure profitable work but still experience financial pressure if customers are given lengthy payment periods, unclear invoicing requ…

At Lillis Egan O’Beirn & Co we believe that business owners should regularly review not only what their company owns, but also how effectively those assets are being used. Unused equipment, vehicles, machinery, stock, technology and property can quietly absorb valuable capital while continuing to cr…

At Lillis Egan O’Beirn & Co we believe that investing in new business equipment can improve productivity, increase capacity and support long-term growth, but it should never be treated as simply another business purchase. Whether you are buying machinery, vehicles, computers, tools or specialist equ…

At Lillis Egan O’Beirn & Co we believe that business continuity planning should not be treated as something reserved for large corporations. For Irish SMEs, having a clear plan for dealing with disruption can make the difference between a temporary setback and a serious financial crisis. As 2027 app…

At Lillis Egan O’Beirn & Co we believe that reliable suppliers are essential to the smooth running of any Irish business. When deliveries arrive late, the consequences can extend far beyond inconvenience. Delays can interrupt production, leave staff unable to work, cause missed customer deadlines an…

At Lillis Egan O’Beirn & Co we believe that buying into a franchise can provide an SME with a recognised brand, an established business model and access to valuable support. However, a franchise is not a guaranteed route to success. It involves financial commitments, contractual obligations and rest…

At Lillis Egan O’Beirn & Co we believe that having a strong customer base is one of the foundations of a successful business, but relying too heavily on one or two customers can create a serious financial vulnerability. Customer concentration risk occurs when a significant proportion of a company&rs…

At Lillis Egan O’Beirn & Co we believe that taking on new premises is a major business decision that should be based on detailed financial planning rather than enthusiasm alone. Whether you are moving into your first commercial property, expanding into a larger unit or opening another location, the…