Business community backs new enterprise project

Fifteen new start-up companies began their first day of training as part of new business enterprise opportunity that encompasses training with an additional entrepreneurship package.

Fifteen new start-up companies began their first day of training as part of new business enterprise opportunity that encompasses training with an additional entrepreneurship package.

This new enterprise competition, facilitated and funded by South Tipperary Development Company (STDC), has the full backing of the business community in Tipperary Town and was launched by Minister for Agriculture, Marine and Food Mr. Simon Coveney T.D. in November 2012.

One business idea owner will be awarded, ‘Tipperary Town New Entrepreneur 2013’ and will receive a suite of services and professional supports provided by the business community to help in the first critical year of operation. The Business community of Tipperary town has donated the prize fund available freely.

There was an outstanding response to the call for people with a business idea to take this opportunity to progress their idea through training and business mentoring in a structured platform. This training was originally open to ten people with a business idea who were either short term or long term unemployed, on farm assist, in threat of redundancy and/or part-time employed. In direct response to the success of what was originally envisioned to be limited to 10 entrepreneurs, the numbers had to be expanded to allow 15 people take part.

The STDC formally appointed the company, Dolman, in December, to provide the training, mentoring and development of the course working closely with STDC Animator, Tina Mulhearne.

“Based on our initial meetings and mentoring sessions, we were delighted to have such people, ideas and concepts of this quality to work with. It bodes well for the future of the SME in Tipperary,” says James Bourke of Dolmen.

The fifteen individuals that have started the course will be helped develop the concepts into bespoke, viable business plans with financial projections and investor ready plans. The training and one to one coaching will also all for identification of next steps for the plan and the requirements for each of these steps. This allows for a full and clear understanding of the challenges and opportunities that are associated with any business undertaking, it will allow for the identification of potential pitfalls and threats before 
starting a business.

The winner of the competition will receive a substantial and generous suite of supports and services that has been provided by the business community of Tipperary Town, reflecting their ongoing commitment to directly help Tipperary town. Over the coming weeks and months the applicants will start to understand the needs and requirements and how to address these. They will learn the strengths and weaknesses of their individual plans. They will work to identify and recognise issues and concerns before they start trading enabling them to avoid the most obvious mistakes that are normally made.

Elaine Fitzpatrick of Fitzpatrick Printing one of the local businesses sponsoring the enterprise package for the winning business was delighted to be part of the initiative. “With the help of the STDC it would be great to encourage other towns to do something so proactive in getting business ideas to fruition, as often it is something like this that makes the difference to new business start up.”