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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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