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350 businesses gather for “Business Connect” summit

Written by Robert McHugh, on 7th Feb 2019. Posted in General

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The Small Firms Association (SFA) is today bringing over 350 small and large businesses together at a special event in the Aviva Stadium. 
 
Discussions on the day will focus on how small businesses can standout and differentiate their brand in an increasingly competitive market place, as well as how small and large companies can successfully work together to overcome challenges posed in a post-Brexit landscape.
 
This comes after research from the Small Firms Association (SFA) found that multinationals currently source €4.5 billion of goods and €5.7 billion of services from indigenous businesses. It amounts to 18% of their total spend on goods and 7.3% of their total spend on services. 
 
The SFA say there are huge opportunities for small business to collectively increase that spend, by looking at how they pitch their services, understand how both large and small businesses operate and strive to bring real innovation into their businesses and into what they offer.
 
Speaking at the event, SFA Chair, Sue O’Neill said, "Ireland is a nation of small businesses, with 98% of small firms employing half the private sector workforce. Our multinational base, despite only accounting for 2% of businesses employs the other half. Today’s Business Connect event brings together small and large companies based here in Ireland to start a conversation on how they can harness this unique ecosystem."

Source: www.businessworld.ie

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