Issue 638 (Week ending 24/07/2024)

Have you been considering setting up a new company in the coming weeks, months, or years?

It's an exciting, and daunting prospect, as well as a considerable step for many of the young professionals that make up the ever-resilient Irish economy. When taking such a significant step in one's professional career, it is not to be underestimated how much careful planning, hard work, and determination goes into the process.

With our business information statistics and analysis, we have determined the worst to best months for you to set up your new company, and while timing isn't everything, it is a hugely important consideration to help ensure the success of your venture, considering a number of factors at play.

The below ranking was determined by taking all the dissolved companies in Ireland, and counting them up according to the month they were incorporated.

Here are the results:

March: 39,522 dissolutions

April: 38,944 dissolutions

May: 38,143 dissolutions

November: 37,226 dissolutions

Februay: 37,040 dissolutions

July: 36,993 dissolutions

June: 36,501 dissolutions

January: 35,690 dissolutions

October: 35,554 dissolutions

December: 32,787 dissolutions

September: 32,766 dissolutions

August: 32,387 dissolutions

While there is no guarantee or perfect method to starting up a business, there is logic and facts that can always guide you when making your business decisions.

Information is power, and by using the data we have and applying it to answer the questions we need answered, you can have more guard rails in place that can determine your best course of action.

If you are looking into starting your own business soon, best of luck!

If you would like to contact us, call us on Tel:(01) 903 2660 or email us at Solutions.vision-net@crif.com to learn more, or to sign up to Vision-net today.