A very exciting business opportunity has emerged in Ireland upon the launch of 2021. Due to Ireland’s rich ecosystem and multinational environment, many companies have recently invested in the country. In the early stages of entrepreneurship, entrepreneurs have a strong desire to succeed. Business in Ireland is increasingly focused on technologically innovative startups and expanding away from generic business solutions. Ireland has never seen a surge of new startups like this in recent years, so let’s find out what business opportunities are currently emerging in Ireland.
In the recent future of technologically advanced startup lands, business owners utilize AI, VR, Data Science, Blockchain, VR, IoT, and Photonics to expand the business horizon.
What makes Ireland special?
Ireland’s main advantage is that it is an English-speaking country. The United Kingdom and Ireland also have strong transport links, similar regulatory and legal infrastructures, a sophisticated consumer market, an open economy, and an appreciation of British goods and services. Ireland ranks among the top 17 countries that make it easier to start a business, according to the World Bank. This was the best performing OECD growth rate in 2018. The country’s GDP grew by 5.1% in 2018. Let’s now look at Ireland’s most important sectors.
Key Industry Sectors
Life science, agri-technology, information technology, food and beverage, construction, and energy are areas of focus in Ireland. Ireland already does well in these sectors and these are also the sectors that are expected to grow rapidly in the next three to five years. Here’s what you need to know about the business opportunities in Ireland.
The construction industry
Industry analysts estimate that construction will bring in €19.5bn in 2019. A major driver of the construction sector is the need for additional housing, additional housing in the residential sector, as well as transportation infrastructures and commercial markets. In addition, there is a great demand for new schools, social services, and particularly high-end office space.
The Food & Drink Export Industry
Ireland has the highest market share with a total share of 86% in terms of exporting its Food & Drinks in other countries and another 14% in the rest of the world. There has been a great deal of competition and sophistication in the Irish Food & Drink market. It is important to identify your USP to successfully run your food and drink business in Ireland. You also need good word of mouth in the town for your business.
The E-Commerce industry
Irish consumers are increasingly buying products online instead of in brick and mortar stores. It’s worth considering doing business online if you have a good USP for your products.
A farm in Ireland is a good business option if you have empty land. The export of vegetables from Ireland can be profitable due to the world’s demand for fresh fruits and vegetables. There is even a profitable poultry farming industry in Ireland.
It is a booming field for Ireland’s textile industry. It is expanding leaps and bounds. Fashion Boutiques, for example, might eventually be profitable businesses. You can easily enter this field even if you’ve worked in the clothing industry for a while.
You should now have a good picture of the various business industries that exist in Ireland. Due diligence should be performed before investing in Ireland. Whether you choose to be an entrepreneur or not, if you do not work hard or if you are not creative enough, the chances of your business being profitable are pretty slim.
The Cleaning Service
Residential and commercial cleaning is booming in Ireland, as is carpet cleaning. You can consider joining this stable, recession-proof profitable industry, worth millions of dollars annually. Cleaning services have several niche markets.
Cleaning is mostly divided into domestic and commercial categories. You can focus on cleaning residential and commercial properties, cleaning of commercial facilities, carpet cleaning, window cleaning, ceiling tile cleaning, driveway cleaning, etc.
Several franchise companies offer franchise opportunities, including PuriFry, Nationwide Cleaners, Cleaning Doctor, Chem-Dry Ireland, etc.
A developed country’s houses will all have basic plumbing, no matter where they are or how big they are. If you understand how the plumbing system works, you will realize how simple it can be. Plumbing may seem like the most complex part of a house, but it can be quite straightforward.