Farm Diversification Some Experience of the Successful Rural Entrepreneurs

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Farm DiversificationSome Experience of the
Successful Rural Entrepreneurs

• Michal Arnot
• Young Agrarian Society of the Czech Republic

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Farm DiversificationSome Experience of the
Successful Rural Entrepreneurs

• Farm Diversification means to start New Business
• To start New Business successfully requires 100
  effort

Farmer
Manager
Expert in another line
Rural entrepreneur
Networking - LAG - Leader
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Farm DiversificationSome Experience of the
Successful Rural Entrepreneurs

• Farmer as entrepreneurial discoverer
• How to identify profit opportunity?
• The most frequent source of information
• person who already realised the project
• internet, another type of media
• technology and machinery suppliers
• advisers, vocational organisation

Networking - LAG - Leader
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Farm DiversificationSome Experience of the
Successful Rural Entrepreneurs

• Expert knowledge are not obstruction for profit
  opportunity identification
• Critical is
• interest and willingness in cognition and
  learning of new things,
• networking and cooperation.

Networking - LAG - Leader
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Farm DiversificationSome Experience of the
Successful Rural Entrepreneurs

• How important is
• to define objectives and work up business plan?
• Farmers objective is to make the best of their
  good ideas.
• Better than to work up business plan is to make
  real test.

Networking - LAG - Leader
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Farm DiversificationSome Experience of the
Successful Rural Entrepreneurs

• Conditions of successful Farm Diversification
• to be confident of rightness of business idea
• to understanding potential consumers
• to be able to finance the project
• to predict correctly the future

Networking - LAG - Leader
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Farm DiversificationSome Experience of the
Successful Rural Entrepreneurs

• Are you
• confident enough,
• enterprise spirit,
• able to perceive, try and utilize new things and
  opportunities - innovative,
• willing to risk,
• capable to network and cooperate?
• You have now the best chance to become
• successful rural entrepreneur.

Networking - LAG - Leader
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Farm DiversificationSome Experience of the
Successful Rural Entrepreneurs
Michal Arnot, e-mail arnost_at_pef.czu.cz