Welcome to Dublin… Finally.

This morning we finally made it to Dublin. Our CAPA contacts greeted us at the airport and brought us to our living accommodations. An hour later we arrived at our first site visit, Enterprise Ireland.

This government organization funds the development and growth of Irish born start-ups and exports these companies around the world. The idea is to create more successful Irish companies around the world. We had the opportunity to visit their headquarters and listen to a presentation from four Enterprise Ireland employees. We learned about the prestige of the company, past clients, company policy and strategy, client management development, and some tips to being a successful professional.

During these presentations, there were five takeaways that jumped out at me. The first takeaway from the presentation was that 10 ‘born on the internet’ companies have their European HQ in Ireland. This was surprising to me because Ireland is such a small country but it is such an attractive country for business since it has a low corporate tax rate. My second takeaway relates to one of Enterprise Ireland’s past clients. I thought it was very interesting how Immersive VR can take historical events and allow participants to be apart of these moments using virtual reality.  Another takeaway is that Enterprise Ireland loves start-ups with multiple founders. These organizations have a diverse set of skills to build off each other and this makes them more marketable to consumers. My fourth takeaway comes from Helen who concluded the presentation. The part of her section that stuck with me was the importance of soft personal skills. In an expanding technological world, it was nice to hear that these skills are still extremely important to a business. My final takeaway was from the policy section of the presentation. I asked Kevin if there were any countries where Enterprise Ireland wanted to increase their presence. He said that the company wanted to expand its Asian market reach; especially in Vietnam.

Although I found many parts of the presentation interesting, there were some bits of information that went above my head. The first piece of information that left me clueless was how do they decide which companies to pick and which companies to drop. They gave us the numbers but never went into serious detail about this process. The second part of the presentation I wish they discussed more was how much equity they take from the company they help. The presenter briefly mentioned this point and I wish they went into more detail. My final point of confusion was dealt with the client development management piece. I didn’t know how one has the opportunity to participate in their mentor program. It sounded interesting but I still wanted more information.

When I attend a presentation given by very smart people and the content is complicated I try to find pieces of information that I understand and build off them. I personally cope with these situations by asking questions. Obviously, the presenter knows their audience are not SMEs with the material so asking questions is not embarrassing. Emotionally, I sometimes feel bad that I don’t know more but overall I know I am attending the presentation to learn so this does not bother me too much. The practical lessons I have learned from my past experience will help me in the future. In the business world, if I do not know something, I will not feel embarrassed because there is no way everyone knows everything.

Thanks for reading another one of my blog posts. I will write again soon!

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