3 Key Insights from Build, Scale & Grow Final Momentum Event 2018

MomentumOct1

Over 100 entrepreneurs and business leaders gathered in Dogpatch Labs start-up hub to hear from company founders Tom Gleeson, Founder of Bunsen, Noreen Doyle, Co-Founder of the Irish Biltong Company and Eamon Moore, CEO of Hikari at the final event for the 2018 Momentum Series. Here are 3 key insights from this event:


Make sure to check the Business Achievers Events calendar for more upcoming business events this month.


The year long event programme has provided participating SMEs an opportunity to gain insight, advice and contacts to help bring their businesses to the next level. Due to the positive feedback from attendees, it was announced that Ulster Bank and Dublin Chamber will be continuing the partnership with a new series planned for 2019.

Eddie Cullen, Managing Director of Commercial Banking, Ulster Bank welcomed attendees and reiterated how pleased Ulster Bank was to partner with Dublin Chamber to create a bespoke new series for bright business minds to network with and learn from each other.

A broad range of issues were discussed as the panellists mapped their individual business journeys, from strategy development to tactical approaches, as well as addressing practical considerations in financing, branding and attracting and retaining talent.


Recommended Reading: Gaining Momentum: Pat Lucey, Aspira


It was clear from the level of attendance and engagement level during the Q&A session that the audience found the advice of the speakers regarding the scaling of their business and maximising value as a key area of support for the SME community. Each of the speakers provided key insights into their current success:

1. Focus on a simple offering

Tom Gleeson, Founder of Bunsen spoke about his early decision to focus on a simple offering without a load of frills or extras. The decision to live or die over their straightforward menu allowed the company greater control of ensuring they met their commitment to value, freshness and quality.

2. Use key influencers to build the brand

Noreen Doyle, Co-Founder of the Irish Biltong Company was quick to educate attendees on the difference between biltong (high in protein & low in fat) and jerky (high in sugar and additives).

The education of key influencers such as sports coaches, chefs and health professionals on this difference is and will continue to be key to the success of the company and brand.

3. Don't be afraid to change your business model

Eamon Moore, CEO of Hikari spoke to attendees about the journey of scaling his first business Emit Solutions to its ultimate sale. Key to the success of his company was taking away the lessons learned from the failure of another of his ventures.

Due to this experience, Eamon made a conscious decision to change his business model by focusing on new verticals and working with a reduced number of key partners.

We'll be featuring upcoming 2019 Momentum events on Business Achievers so keep an eye out for those. 

 

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