The weekly podcast from Luke Curry and Mark Baker, discussing all things business, tech, creative, health, and general lifestyle advice. Each Wednesday join the brothers in-law, as they interview an eclectic range of guests from blue collar grafters to multi-millionaire investors, each with their own stories to tell, and lessons learned along the way. If you have a side hustle, want to start a passion project, or just want to hear some great career and life advice, this is the podcast for you.
Episodes
Wednesday Aug 18, 2021
Wednesday Aug 18, 2021
What is up SharkNation!
On this Episode Luke and Mark chat to Gary Grimes about his business (Simplí Business Finance) and how SMEs should think about raising non-bank finance in Ireland.
Founded by Gary Grimes in 2020, originally the company's name was GDG Business Finance but just this month have rebranded/renamed to Simplí Business Finance. They are an SME Finance consultancy firm, who specialises in building tailored funding solutions for Irish companies depending on their financial need. Simplí is one of Irelands fastest growing business finance intermediaries and also and an award-winning business having picked up “ Best SME Finance Consultancy Company 2021” at the Irish Enterprise Awards hosted by EU Business News.
Gary who leads the team in Simplí had over 15 years of experience in the finance industry and has worked with countless numbers of SMEs in all sectors raising finance. Gary is part of a prestigious group of individuals who are accredited thought leaders in their fields of work by the All Ireland Business Foundation. He was the first in Ireland to be accredited as a Thought Leader by the foundation in the area of SME and Commercial Finance.
The conversation dives into Gary's entrepreneurial journey, as well as how working for an Irish startup gave him the appetite to go out on his own.
Key takeaways:
1. It's never a perfect time to start your business (Gary was expecting a child and the pandemic was just about to kick off). You might as well get going sooner - rather than later.
2. What could you do with your business if you had access to more capital? Through alternative financing - businesses have the opportunity to leverage huge pools of capital and should see alt finance as a growth vehicle.
3. See opportunity in market deficiencies. Ireland is behind when it come to alternative financing of businesses. Can you fill the gap?
4. Businesses with multiple streams of income are more robust. Look to build this into your business strategy from the start.
5. The Irish market is small - build your business so it can be a success in different territories. The world's a big place.
For more on Gary and his business: https://www.simplifinance.ie/
For feedback: Luke@shark.ie
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