Wednesday, 29 May 2013

Ireland’s ‘brain drain’ can be combated by encouraging the rise of entrepreneurship


Ireland’s ‘brain drain’ can be combated by encouraging the rise of entrepreneurship


As Irish politicians prepare to debate the future of the economy following the max exodus of talented young people from Ireland, serial entrepreneur Lyndon Wood has a solution.

“These young people with drive and talent can consider starting their own business, finding their niche and using it to build their own brand. Business is changing and young people have to think differently now about their career paths,” says Wood.

“Businesses of the future are emerging all the time and when you speak with the younger ones they are already in the mindset of wanting the next big thing and that killer app. Curiosity is surrounding the next generation not the career path - it’s the business or entrepreneur one they really want. The route to a career is self employment where your earning potential is only limited by your own restrictions.”

News out today highlights more than 300,000 young people have emigrated from the Republic of Ireland in the past four years. The National Youth Council of Ireland says more than half of 18 to 24-year-olds had considered emigrating as they cannot find a job or seek better employment opportunities.

Politicians are set to meet in Dublin to discuss how to create opportunities for young people in Ireland.

“It’s really simple, instead of young people looking for work in companies that are struggling, they can own their own time and destiny,” says Wood. “It’s a global economy now with the use of technology you don’t even have to leave your living room. Technology has enabled a new business to succeed far easier than before which is another reason why we will see the increase in start-ups in the near future.”

“Working from home requires very little investment – all you need is basic equipment and materials to do the job. Once you have a few clients and money coming in you can slowly build up your collateral and upgrade essential items.”

Wood, who launched SunZu.com from Ireland in January says the social business network offers support and advice for anyone who is thinking about starting their own business through the networking opportunities available on the site.

SunZu.com assists entrepreneurs to start their own business through networking tools and advice on business growth.

Entrepreneurs can join for free, or pay a minimal fee each month to have the freedom to post articles, event listings, and comment on articles the site. Members interact with other like-minded business owners to share advice, trade and do business.

“Why go abroad when you can build your own business and brand without breaking the bank and use tools such as SunZu to promote yourself. Many people are opting not to pay domain and hosting fees to start their own website and instead using SunZu to post all their content and company information.”

There are around 4000 Irish people signed up to SunZu already - most of whom work for themselves.

Lyndon Wood is a serial entrepreneur who left school at 14 and at the age of 19 founded his first business in a portfolio of businesses which made him a multi-millionaire.

SunZu Ireland ambassador Samantha Kelly also runs regular Young Entrepreneurs Alliance meet-ups in Ireland to encourage young people to start and run their own business - providing inspiration for young Irish to stay in the country and contribute back to the local economy. She’s also organised an Entrepreneurs Conference in Wexford in June. To find out about events in your area visit the events section.