Bord Iascaigh Mhara is encouraging Donegal seafood businesses to join its Advisory Programme.
The programme provides practical, tailored support to help seafood businesses improve profitability and long-term sustainability.
BIM say, with an estimated 85 per cent of Irish seafood businesses family owned, the Seafood Business Advisory Programme helps guide companies through succession planning.
A panel of experienced business advisors will work directly with individual companies to identify areas for improvement and support the implementation of cost-effective solutions.
The programme offers support across three disciplines: helping seafood businesses improve financial performance to plan for long-term sustainability; preparing for succession, ensuring family-owned enterprises can successfully transition to the next generation or exit, and business mergers and acquisitions.
One of the key areas of support is financial performance, where advisors work alongside businesses to understand exactly where profits are being made and where they may be leaking away.
This includes carrying out a detailed financial health check, identifying opportunities to reduce costs, strengthen sales and introduce practical financial management tools that support better day-to-day and strategic decision-making.
Businesses interested in accessing the programme should contact Gavin McGrath, Commercial Operations Executive, BIM, gavin.mcgrath@bim.ie to discuss the opportunities or challenges they would like to address.
