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Stimulating Entrepreneurship. Paul Mc Carthy, Teagasc Rural Business Specialist. Efficiency & Scale at Farm Level Off Farm Employment Harsher Economic Climate Rural Enterprise...the answer?. Setting the Scene. Rural Business Programme - Objectives. Encourage new ideas

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Stimulating entrepreneurship

Stimulating Entrepreneurship

Paul Mc Carthy, Teagasc Rural Business Specialist


Setting the scene

Efficiency & Scale at Farm Level

Off Farm Employment

Harsher Economic Climate

Rural Enterprise...the answer?

Setting the Scene


Rural business programme objectives
Rural Business Programme - Objectives

  • Encourage new ideas

  • Offer practical help - business idea into a reality

  • Motivate individuals to take an innovative approach to new business


Teagasc approach
Teagasc Approach

  • Teagasc Options Programme

    • 6% interested in diversification

    • 6,000 farmers nationally

  • Rural Business Innovation Course

    • Idea Generation

    • Developing Idea - Business Plan

    • Fetac Accreditation

    • Follow up Mentoring


Rural business courses to date
Rural Business Courses to Date..

Outcomes

  • 310 Participants

  • 100 Business Plans

  • 60 Businesses Approx


Areas of diversification
Areas of Diversification

  • Agri & Agri Services

    • Fertiliser spreading

    • Turfgrass

    • Hedge cutting & laying for REPS

    • Stone wall building

    • Animal husbandry services

    • Herd register / cross compliance services

    • Producing Rare Breeds

    • Market gardening

  • Manufacturing

    • Woodwork – gates, kitchens, windows

    • Metal/iron works

    • Concrete moulds

    • Toy farm sets


  • Areas of diversification contd
    Areas of Diversification..contd/

    • Tourism

      • Heritage farms

      • Farm tours

      • Self catering

      • Guesthouse – B&B

      • Mill - visitor centre

      • Genealogy

      • Boat marina

      • Tourism websites

  • Retail

    • Garden ornaments

    • Farm shop

    • Box schemes


  • Areas of diversification contd1
    Areas of Diversification..contd/

    • Services

      • Landscaping

      • Computer training

      • Rural taxi

      • Handmade wedding stationary

      • Boarding kennels

      • Care of the elderly

      • Childcare

      • Re-enamelling old cookers

  • Energy / Environment

    • Wood chipping

    • Timber & turf distribution

    • Wood pellets

    • Eco heat


  • Areas of diversification contd2
    Areas of Diversification..contd/

    • Food

      • Artisan cheese

      • Free range eggs

      • Party / family events catering service

      • Ice creams and sorbets

      • Yogurts

      • Speciality breads & cakes

      • Organic salad oils

      • Soups

      • Tray packed meats

  • Equine

    • Livery – B&B for horses

    • Arena’s, Cross Country Courses


  • Jfc innovation awards for rural business
    JFC Innovation Awards for Rural Business

    • Competition aimed at rural & farming community

    • Business Development & Business Plans

    • Benefits to Participants

      • Generous Prize Fund

      • Judging & Feedback

      • Follow-up support

    • 72 Entrants - A Good Study Sample


    Entries
    Entries

    Environment /

    Energy

    Manufacturing/ Technology

    Tourism /

    Value Added Food /

    Services



    Strengths
    Strengths

    • Determined & Focused

    • Tuned into Consumer Trends

    • Solving a Problem

    • Network & Contacts

    • Multi Skilled

    • Assets & access to capital

    • Working Prototype

    • Traditional - Local Needs…


    Challenges
    Challenges

    • Making Time

      • Market Research & Developing Idea

    • Consumer Needs

    • Marketing

    • Finance

    • Product Ideas – “Lacking Business”

      • Manufacturing at scale

      • Distribution

    • Exposure to Enterprise

      • Lack of Belief & Confidence


    Overcoming the challenges
    Overcoming the Challenges

    • New Skills needed – Training

    • Farmers learn from farmers

    • Initiatives - Innovation Awards

    • Promotion - Media

    • Farmers Markets

    • Clusters


    Conclusion
    Conclusion

    • Large Interest in Rural Business

    • Farmers - good entrepreneur potential

    • New Skills needed

    • Farmers - influenced by other farmers

    • Clusters - Sustainable Way

    • Promote the “Winners” – Grow Confidence


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