collaborative effort in entrepreneurship

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Collaborativ e Effort in Entrepreneur ship S. Gary Bullen North Carolina State University

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Collaborative Effort in Entrepreneurship. S. Gary Bullen North Carolina State University. Why Value-Added Agriculture is Needed. Become the low cost producer Achieve product or service quality differentiation Achieve supply or distribution leverage Pursue a market niche. - PowerPoint PPT Presentation

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Page 1: Collaborative Effort in Entrepreneurship

Collaborative Effort in

Entrepreneurship

S. Gary Bullen North Carolina State University

Page 2: Collaborative Effort in Entrepreneurship

Why Value-Added Agriculture is Needed

•Become the low cost producer

•Achieve product or service quality differentiation

•Achieve supply or distribution leverage

•Pursue a market niche

Page 3: Collaborative Effort in Entrepreneurship

Number of Farm Size of Farms

Page 4: Collaborative Effort in Entrepreneurship

Comparing Marketing Bill and Farm Value

Page 5: Collaborative Effort in Entrepreneurship

Percent of Disposable Income on Food

Page 6: Collaborative Effort in Entrepreneurship

Value-Added Agriculture

•Commodities vs. Products

•Selling vs. Marketing

• Focus on Customers– Increased consumer demands regarding health, nutrition and convenience

•Capture large share of food dollar

Page 7: Collaborative Effort in Entrepreneurship

Current Situation Need for Training?

“As a commercial horticulture agent I am asked al the time “What can I do to make money?”

“I see this as a valuable tool that I need desperately! I do not have formal training in business management, only production and diseases. It will better enable me to guide my clientele in the business management aspects of building a new business.”

Page 8: Collaborative Effort in Entrepreneurship

Current Situation Need for Training?

“ I am lacking in business development knowledge and skills. As an extension agent, I have no problem working with producers on production related issues.

However, I do not feel as confident when issues of business planning, development and marketing arise. I hope I gain needed knowledge and skills to help clients with their endeavors”

Page 9: Collaborative Effort in Entrepreneurship

Creating Business Opportunities•The CBO goal is to support the

development and establishment of a wide array of agricultural business opportunities

•Partnership between North Carolina State University, N.C. Department of Agriculture and Consumer Services N.C. Farm Bureau and N.C. Rural Center.

•Sponsored by Golden LEAF Foundation

Page 10: Collaborative Effort in Entrepreneurship

CBO Objectives•Prepare county personnel to help

entrepreneurs with new business ideas

•Develop a business training curriculum

•Develop a set of business development tools to support county personnel

•Create a network that will foster information sharing between groups working in business development

Page 11: Collaborative Effort in Entrepreneurship

Collaborative Work

Page 12: Collaborative Effort in Entrepreneurship

The Training Curriculum

•Training was designed as if someone walked into your office asking for helping with new business idea

• Combined lectures with group exercises• Teams formed based on geographic areas• Each session had time to introduce groups

working in business development• TEAM Marketing plan practicum• Complementary training resource manual • Creating Business Opportunities Website

Page 13: Collaborative Effort in Entrepreneurship

What Happened• We trained 83 CBO

participants• Laid foundation for

business network• County personnel now

have business development resources

• Training was good overview of business development

Page 14: Collaborative Effort in Entrepreneurship

CBO Follow Up Survey • 84% have used CBO resource developed

– Business planning material – Marketing

• 66% developed a business training or workshop– Financial record keeping– Marketing seminars– Small Business Center workshops

• 78% have referred clientele to another agency who participated in training

• 28% helped clientele start a new business or add an enterprise

Page 15: Collaborative Effort in Entrepreneurship

How did CBO help you with your current work

responsibilities

•Helped establish a farmers market

• Organized agritourism workshop

•Organized a workshop on how to start a lawn care business

•Helped farmer evaluate agritourism activities

Page 16: Collaborative Effort in Entrepreneurship

How did CBO help you with your current work

responsibilities• Helped me get the big picture of what we

need to set up a business

• Help me work with other groups, I am at least 25% more effective on my job

• Retooled me to address business questions not just production

• Since just starting on my job gave me the tools to work with clients

• Big help with contacts from other agencies

Page 17: Collaborative Effort in Entrepreneurship

Agribusiness Certification and Training (ACT)

•ACT is follow up to the CBO training– Invited past CBO participants to attend

•Need for one business planning curriculum– With CBO developed our own– Reviewed four curriculum

•What other agencies and organizations doing similar work?

•Sponsored by Southern Risk Management Center and Tobacco Trust Foundation

Page 18: Collaborative Effort in Entrepreneurship

Agribusiness Certification and Training (ACT)

•The goal of the ACT training is to establish a group of extension agents and others who will serve a business development resource in their district. – Certify core group in a NXLeveL business

planning curriculum– Teams develop a business planning

practicum– Develop NxLevel business

Page 19: Collaborative Effort in Entrepreneurship

ACT Training

Page 20: Collaborative Effort in Entrepreneurship

Agribusiness Certification and Training (ACT)

•SBTDC Small Business Technology Center – The Small Business and Technology

Development Center is committed to providing knowledge, education and other supportive resources that enable existing small and mid-sized businesses, emerging entrepreneurs and local/state leaders to innovate and succeed. 

– Was a natural fit for NC Extension.

Page 21: Collaborative Effort in Entrepreneurship

What Are We Doing?

•Extension business development teams in five districts–Developing a business plan practicum –Conduct NXLevel business planning workshops in cooperation with SCTDC regional offices

–Business development referrals

Page 22: Collaborative Effort in Entrepreneurship

Examples of Current Efforts

Two training workshops 33 people were certified to use Nxlevel materials.

Five business planning workshop planned for 2009 Marketing research and business start up

activities Prawns Growers Pie Business

Page 23: Collaborative Effort in Entrepreneurship

What We Have Learned?

•No one organization has all the answers

• It take time to develop confidence in a new partner

•Personalities may get in the way

•Because it did not work in the past does not mean it will not work now

•Understand what success means to each organization

Page 24: Collaborative Effort in Entrepreneurship

Failed Business Strategies

I cuss, you cuss, we all cuss for asparagus