Archive for the ‘Irish Economy’ Category

Have we gone past the Sweet Spot?

August 6, 2018

I think we are now well and truly at that point in the economic cycle where we have gone past the sweet spot.

We’ve pulled away from the dark days of the recession and things slowly got better and better, we’ve lost that sense of caution and we find ourselves here, still in the upside but we have passed that sweet spot and we are starting to experience the downside of that upside.

We can see recognise the clear signs..

  • Business costs are increasing
  • Cost of living is increasing
  • Landlords are pushing up rent
  • Team turnover rates are increasing
  • Wages are increasing
  • Attracting great talent is getting more difficult
  • Expectations are higher but without the sweat
  • Traffic is getting worse
  • Hotel rooms are in short supply and increasingly expensive
  • We end up making decisions that don’t make sense anymore

This is the time when we can easily end up in dangerous territory if we make too many bad decisions, which will leave us vulnerable to even the slightest ill wind.

While this might seem like a negative post it’s a positive, future proof one.

Don’t undermine your solid foundations, keep doing the right things, carefully assess all of your decisions, keep a close eye on all of your KPIs, keep your team motivated and stay focused and stick to your plan.

Stay calm and keep doing good business,,

Greg 

Greg Canty is a Partner of Fuzion Communications who offer Marketing, PR and Graphic Design services from our offices in Dublin and Cork, Ireland

 

Connecting Head and Heart with Catherine Moroney, AIB

July 1, 2018

Catherine Moroney - AIB

A good buddy of mine and fellow Dublin Chamber Council member is Catherine Moroney. who also happens to be the Head of Business Banking with AIB,

I grabbed her recently for an episode of the Fuzion Win Happy podcast – I’ve been intrigued by her as she is very lovely and has clearly risen to the top of the career tree in AIB, as she holds down one of the most senior roles at the bank (how can you be so “nice” and still successful? – a fantastic role model).

How exactly did this family woman rise to the top, what was her magic?

I discovered a very interesting background as this self declared “cone head” shared stories about Paddy, her dad, about her early days growing up in Dublin, part time work in a hospital for patients with long term illness and switching from studying Archaeology in college to a job in banking!!

I pushed her hard about what it was like personally and professionally working in the bank throughout the highs of the Celtic Tiger and the colossal crash, we chatted about how the bank is handling diversity, how it is helping customers prepare for the uncertainty of Brexit and the challenge of introducing technology and not losing that connection with customers in the process.

Catherine also shares a very personal, life changing story that will shake you to your core – I’m not sure how I would cope with what she had to deal with.

Click here to listen to the show and get to know Catherine..

Enjoy…

Fuzion Win Happy Podcast

Greg 

Greg Canty is a Partner of Fuzion Communications who offer Marketing, PR and Graphic Design services from our offices in Dublin and Cork, Ireland

The wisdom of Louis Copeland

March 25, 2018

Louis Copeland - Fuzion Win Happy Podcast

Sometime in 2004 I approached legendary Irish retailer, Louis Copeland to see if he was interested in coming on board with a high end fashion event called Catwalks that we were taking on tour around Ireland.

To be clear, I didn’t know him, I had never spoken to him before and after a quick ‘cold-call‘ (I can’t have been too bad a salesman!!) he asked would we call in to see him and tell him more about our event.

The following week we called in to see him and we were greeted by a warm, open, friendly Louis Copeland.

After about five minutes, when we were in full flight in the middle of our sales pitch he unexpectedly declared “I’ll do it” and then quickly changed the topic..”Tell me about you two?

We spent at least another hour with him and he showed a genuine interest in us, our project, why we were doing it and what else were we up to. When the meeting finished (more like a friendly chat really) I asked Dee if she thought he had actually agreed to come on board, because he had barely got details about the event.

This was the beginning of my great journey with King Louis, as I call him! (or King Louis 2nd – his dad was also Louis).

Since then he has come in and out of our lives at different times. He did the event on that occasion and supported us on many other things since. He seems to follow us with interest and he will always call out of the blue when he might read about us or hear something on the radio.

When the recession clouds gathered around all of us, I heard him being interviewed on the radio and he offered a powerful piece of advice as to how people should cope.

Get up earlier, work harder and work later” was his advice, and something that I embraced.

My own Monday morning social media mantra, inspired by Louis (for anyone who has seen my tweets for the last decade will confirm) is:

Roll those sleeves up, get stuck in and have a great week #Positivity”.

When I arrived to record the session for this podcast he probed and probed me to learn more about podcasts, the process, who is listening to them and why. His natural curiosity and openness is just one of the ways he always stays relevant and successful.

Louis is an inspiration, he is a mentor, who is always at the end of a phone to bounce things off and offer assistance or provide a helpful contact.

Fuzion Win Happy Podcast

In this podcast I’ve done my best to capture his story, the secret sauce behind the success of his great business, his approach to marketing, what he does to stay relevant, his approach to online and who his favourite celebrity customer is!

You can listen by clicking here, or by subscribing on iTunesThe Fuzion Win Happy Podcast

A huge thanks once again to the retail legend, Louis Copeland for being a good friend and for taking part and being so open and generous.

Enjoy…

Greg Canty 

Greg Canty is a Partner of Fuzion Communications who offer Marketing, PR and Graphic Design services from our offices in Dublin and Cork, Ireland

 

 

 

 

The ‘Always Great’ boat

October 11, 2017

Always Great

Things are definitely much better than they were but something has also switched with everyone’s moods…

People are bouncing again – can you feel it?

Business seems to be coming in a little easier, moods have lifted, budgets have opened up and people are committing to Positive Costs and positive activities once again.

It’s not so long ago that we were fearful of asking people how business was going – it was one bad story after the next. Now they are starting to whistle!

We might begin to feel that we are better business people than we were a few years ago – we might feel this because the tills are ringing more than before. It feels good, it feels damn good, and therefore we must really be great at what we do as the results are there for all to see – isn’t this true?

But ….we need to be very careful and guard against even the tiniest signs of complacency.

We should most definitely enjoy this time but just as importantly, we need to stay objective and keep delivering our “A” game, even when it feels like our “B” or even our ”C” game might suffice.

When times were tough we had to deliver above and beyond to just survive – now it is just as important that we keep doing this, even when it may not seem as necessary.

There is a very welcome rising tide that is lifting all of our boats – Make sure your boat is called ‘Always Great‘ and that everyone on board knows exactly what this means.

Greg Canty 

Greg Canty is a Partner of Fuzion Communications, a full-service agency that offers Marketing, PR and Branding  services from our offices in Dublin and Cork, Ireland

 

 

Consumer confidence stats and avoiding self fulfilling prophecies

August 14, 2017

Consumer Confidence

I just received an industry update from one of the key business sector publications in Ireland.

It led with a headline about “Consumer Confidence” statistics.

It went on explain:

In the last month, two key indicators of consumer confidence in Ireland and the UK have been released showing a decline in confidence since the first quarter of 2017

In went on to discuss Ireland: “In Ireland, the B&A consumer confidence tracker found that whilst consumers remain positive, the levels of this positivity have fallen from the optimism shown in the first quarter of the year. This was particularly true for consumers within Dublin, who showed a significant decline in this period

It then went on to discuss consumer sentiment the UK: “In the UK, market research firm Gfk’s consumer confidence index fell to -12 in July from -10 in June. According to Reuters despite low levels of unemployment, household’s assessment of the economic situation was a major component of the decline in confidence for this period

It then summarised both positions: “It is clear that the uncertainty around Brexit has continued to affect consumers and the B&A and Gfk trackers will be a good measure to keep an eye on as negotiations progress

While thankfully they avoided a negative headline the piece did leave me in a negative frame of mind.

While this information is valuable the way it was delivered only succeeds in making everyone who reads it pessimistic about the future and behaving conservatively.

Suddenly ‘negative consumer sentiment‘ becomes a self fulfilling prophecy with industry reacting negatively and so on and so on.

I am not for softening up bad news but when we deliver negative statistics we need to communicate a full story that is never as bad as the potential doomsday outcome in our heads, unless we want it to be.

Greg Canty 

Greg Canty is a Partner of Fuzion Communications, a full-service agency that offers Marketing, PR and Branding  services from our offices in Dublin and Cork, Ireland

 

 

Incite or Insight?

April 19, 2017

Ena Kenny and Donald Trump, Patrick's Day

Enda Kenny’s St.Patrick Days trip to the U.S. costs the taxpayer €35,000” read the headline in this newspaper article I read at the weekend.

The article documented blow by blow how and where these costs were accumulated as well as the costs of the other Ministers who travelled overseas for our national festival, that day when the whole world acknowledges and celebrates our little country.

St.Patrick would be a great Marketing/PR trick for Ireland if we had planned it!!

The article was designed to incite the reader in a way that we are seeing all too frequently – It is supposed to get us thinking…

This is a total disgrace

What a waste of money

Typical politicians, on a jolly while the rest of us are paying for it

Why does it cost so much, you can fly to the States and back for €500?

Rage, rage and more rage – thanks for exposing this abomination!!

In my humble view, Enda Kenny’s U.S. trip was well worth every cent and much more as he flew a flag for illegal Irish immigrants and our continued trade in the very delicate Trump era. This simple visit will help to preserve our special relationship with an economy that is more than vital to us.

In terms of the cost of the trip do we really expect the leader of our country to travel Economy, take public transport and book into 3-star hotels?!!

Come on guys, less of the headlines that are designed to incite the typical anger and let’s focus on the insights.

Greg Canty 

Greg Canty is a Partner of Fuzion Communications, a full service agency that offers Marketing, PR and Graphic Design services from our offices in Dublin and Cork, Ireland

I’m not telling you where it is..

February 5, 2017

Fireside

You can feel everything heating up again..

We spend at least half our working week doing business in Dublin and our home has been a particular hotel, which was located close to the office.

It became a home from home of sorts for years with most of the staff recognising us as we trooped in with our bags week after week. They looked after us really well and we left them lots of business. We had our corporate rate and our bonus nights and they had a regular customer, often at times of the year when Dublin was quiet.

The first sign of things changing was an email last year notifying us that our corporate rate wouldn’t apply on peak weeks. Okay, but wasn’t that the whole point of a corporate rate – a good average rate in exchange for lots of regular business?

The second big sign, which came along a few months later was an email informing us that the corporate rates in 2017 were increasing by 40%. Thank you… it seems that the whole loyalty thing doesn’t quite cut the mustard when things get busier!

So we went shopping for an alternative.

We did find a place, a little further out that gave us a good corporate rate and they assured us that they had a complimentary shuttle service to alleviate the slightly inconvenient location.

On the first day using the new hotel I enquired about the shuttle service – unfortunately the driver was on leave this week so there would be no shuttle service. Okay – Mr Shuttle driver could not be relied on!

I headed on foot to the office and just as I was nearly there I passed a gorgeous little place, an old Georgian house with a sign outside declaring it to be a “hotel”.

I marched up the steps of this beautiful property and pushed the door open to be greeted by a really nice, friendly guy. I asked about rates and asked to see a typical room.

I was so impressed with the package he offered me and the gorgeous rooms and homely atmosphere that I immediately booked us in for a number of weeks ahead. The guy I was dealing with was the owner – the place had been in his family for decades and somehow you knew it had.

Our first stay didn’t disappoint – “Would you like a tea or a coffee?” was just one part of the warm welcome, the room was homely and impeccable and our breakfast was delicious and made to order.

I’m guessing the friendly woman, Agnes who served us was part of the family that owned this special place.

We walked to work, just a few minutes away and there was an extra skip in my step because in all the years that we have been staying overnight in Dublin I have never felt so at home.

So, unfortunately I’m not going to tell you where it is!!

I’ll resist tweeting about it because selfishly I want to keep this place a secret so that there is always a room there for us.

Dublin is booming ..

Greg Canty 

Greg Canty is a Partner of Fuzion Communications who offer Marketing, PR and Graphic Design services from our offices in Dublin and Cork, Ireland

The Brexit Scary Monster

January 21, 2017

Old Man drinking a pint by Robert Devereux

Jack walked through the door of his local in the small village in North Cork and made his way slowly with his head down to “his” bar stool.

Alright Jack” asks Mary the bartender who without even asking takes a glass and starts pulling a pint of Guinness. In her 20 years serving Jack he only once asked for a different drink. That was a hot whiskey about 10 years ago when he had a heavy cold!

Jack was unusually quiet and the normal happy go lucky, joke a minute guy was not the person sitting at the bar today.

Jack, are you alright?” Mary probes as she places the creamy pint in front of him.

I’m ok Mary, I’m ok” and the tone of his response didn’t convince her for a second.

He studied his pint and stroked the side of the glass as he always does, before that first taste and he took his first big gulp of the night.

Jack, what’s wrong?” Mary asked

After a big sigh and another gulp of his pint, Jack opened up “I wasn’t sure if I was going to come for a pint tonight. Things are bad

But Jack you always come for a pint, what’s up?

They say it’s going to be a hard Brexit, everyone is saying it. The newspapers, the radio and even Fr. John after mass this morning was talking about it. A hard Brexit is really bad news for all of us.

..he pauses for air and finishes his pint.

I was listening to those two this morning on the radio, Shane Coleman and Colette Fiztwhatever her name is, and they were interviewing some businessman. He was telling them that the whole Brexit thing could actually be good for us, but they told him. It’s bad for us, really bad

Without asking, Mary grabs a glass and starts to fill another pint but Jack gestures to her that he doesn’t want it.

And to cap it all Theresa May is going to trigger Article 50 in March. There will be no more pints for me, I tell ya

Mary grabbed the glass again and started filling another pint.

Jack, do you even know what Article 50 is? This pint is on the house and will you do me a big favour?

What Mary?

Will you ever cheer up and stop listening to those gobshites talking negative day in day out and enjoy your pint

Thanks Mary, I’ll do that”.

He is smiling now, enjoying his pint “Did you hear the one about Donald Trump and his Mexican golf caddy in Doonbeg?” 

No Jack. What about Donald Trump and the Mexican golf caddy? 

The Mexican caddy told him that if he kept losing balls like that he should think about building the wall here instead

She smiled and hoped the next one would be better but at least Jack was back!

While Mary and Jack are fictitious characters I can imagine conversations like this all over the country. I read and hear the negativity about Brexit everywhere and the truth is we really have no idea how it will play out for Ireland.

What I do know for sure is that if we are not careful we will talk ourselves into another recession.

Mary..another pint please and have one yourself

The wonderful image of the man drinking a pint is by artist Robert Devereux (http://robertdevereux.blogspot.ie/2015/06/old-irish-man-drinking-guinness-oil.html)

Greg Canty 

Greg Canty is a Partner of Fuzion Communications who offer Marketing, PR and Graphic Design services from our offices in Dublin and Cork, Ireland

 

 

 

 

 

Apple taxation and 1st World Problems

September 4, 2016

Apple - Irish Tax

What a bizarre scenario!

The EU want to charge Apple for back taxes to the tune of €13 billion – Ireland are supposed to get this money and we are all in a flap because this is an unlawful challenge to our tax system so we are appealing!!

Of course the giant have made colossal money and their tax gurus have used every possible loophole and structure to avoid paying the taxes that we get clobbered with.

Is this right and moral? – this is a great question but Ireland has had this fantastic “anchor tenant” in our country, which has no doubt helped us to attract other high profile foreign tenants.

Pierre Moscovici, the EU commissioner for economic and financial affairs, has said the commission is “certain” its decision to charge Apple €13 billion in back taxes is legally valid and he went on to say  “There will be no particular targets, and no particular indulgence. No one will escape. Nothing will stop this revolution of transparency.”

Pierre wants to start his own revolution!!

It’s all very strange timing from the EU coming on the heels of the Brexit vote – are they now walloping us for being so adamant and vocal about the importance of our relationship with the U.K.?

In the meantime our government aren’t taking this “attack” lying down as Taoiseach Enda Kenny and Finance Minister Michael Noonan have launched their own blistering attack on Europe over its ruling, accusing Brussels of using the scandal to create a “bridgehead” to target Ireland’s 12.5% corporation tax.

Our language got even stronger as they claimed the European Commission was “bullying” Ireland in the same way it did during the bailout.

The boxing gloves are well and truly on with the EU.

The Cabinet made a “unanimous” decision to appeal against the ruling but then the politicians started playing their usual games and two ministers undermined this stance when they said they still believe multinationals are not paying enough to the State. Doh!

It’s all very odd and confusing and it makes you wonder about the world we live in where the story of a genius company led by the true revolutionary, Steve Jobs comes crashing into the story of world politics and taxes or should we just say money.

These are very strange first world problems that other parts of the world would love to have right now..

Boy in ambulance in Syria

This is the recent photograph of five-year-old Omran Daqneesha who was sitting dazed and bloodied in the back of an ambulance after surviving a regime airstrike in Aleppo, highlighting the desperation of the Syrian civil war.

Greg Canty 

Greg Canty is a Partner of Fuzion Communicatons who offer Marketing, PR, GraphicDesign services from our offices in Dublin and Cork, Ireland

Avoiding Brevenge

July 1, 2016

Brexit - NIgel Farage

Brevenge is my new word..

The last week has been horrible ..

We watched as the ‘leave‘ campaigners for Brexit celebrated their unexpected “win” – there was cockiness, arrogance and a big dose of “F##k You Europe” that was delivered with a huge lack of finesse and zero respect.

We heard the speeches in Europe and we listened to the laughing by the Brexiteers and we then heard European officials reacting to this with their own dose of bitterness and recrimination.

If you want out, get out now

On the ground non-UK residents working and living in the UK feel unwelcome in a place that many considered was their home and this hasn’t been helped by yobs who claim they “want them out“. Of course, not everyone is like this.

Stopping immigration was a big emotive message by the ‘leave‘ campaign and this effectively was directed at anyone living and working in the UK who is not from there and those who might consider living there in the future – a big penny dropped with young people from the UK that their ‘explore the world‘ ambitions have now been shackled by the consequences of the referendum.

Beach

Scotland are regretting their lack of independence and are passionately making noises about staying in Europe. Northern Ireland wants the same and it is clear that London certainly wants the same. Those from the UK living across Europe are wondering what their position is as they walk along their sandy beaches every day in Spain and beyond and contemplating how much further their income will drop due to currency changes.

When the results were analysed and the exit polls were conducted it was clear that the working class and the poor communities in the UK felt left behind and abandoned by politicians and big business and a way of registering this anger was by voting for a change and against the establishment.

Companies were dictating to their employees how they wanted them to vote (Nissan in Sunderland was a prime example) and once again this was an opportunity to deliver a big “F##k You…I work for you but don’t you dare tell me what to do!! (the same happened in Ireland during the recent General Elections – is there a big trend?)

It now seems that many were quite unclear about what they were voting for and many of the ‘selling points‘ that were presented by the leave campaign were proven false and this has left a very poor taste in people’s mouths.

Sterling has weakened and stock markets have shuddered with colossal amounts being wiped off company values everywhere, which in turn will affect pension funds. Companies who operate in the UK are reconsidering their positions and already we are hearing that plans to expand have been cancelled. The big, bold and brave Richard Branson is claiming that he has cancelled a project in the UK that would have resulted in 1,000 jobs – not good!

The Irish aren’t happy because we do lots of business with the UK – will Europe allow small little Ireland special flexibility to deal with the UK? If they are in the angry mood that we are currently witnessing they are more likely to give the UK a kicking than a special deal. We are worried and angry about their questionable decision.

At a time when the UK needs strong leadership and stability we are seeing resignations, backstabbing and jockeying for position by those only too willing to enjoy the spoils of power as a result of this debacle.

The young, the old, people from the UK, Europeans working and living there, the Scots, Northern Ireland, the expats on sunny beaches, the Irish and the Europeans – everyone is angry!

At this time it is more important than ever that we stay calm, that we show respect, that our decision making and key next steps are all made with cool, clear heads.

Tony Blair - Brexit

Tony Blair in an article in the Daily Telegraph delivers a special message and a stark warning:

Our nation is in peril. To allow us to come safely through this we need to be adult in our politics, to proceed with calm, maturity and without bitterness; because our future as a nation in the world and as the UK itself is at stake.

He is right!

A second referendum might be a very good idea to ensure that this huge change of direction has been properly thought out and made with all of the information and a clear understanding of the consequences, which will be felt for a long time.

The EU also needs to take a good, long hard look in the mirror and figure out why a key partner and an important and influential global force such as the UK has decided to walk away – please listen and learn from this!

The EU must also be adult in their politics and act with “calm, maturity and without bitterness”

All parties in this complex mess need to do what is best and not what is motivated by anger and the quest for…

Brevenge

Greg Canty 

Greg Canty is a Partner of Fuzion who offer Marketing, PR and Graphic Design services from our offices in Dublin and Cork