Rural Entrepreneurship
If you have an idea for a new rural-based business, our land agents can work with you to turn it into a reality.
Estates are dynamic entities which have huge potential. The traditional Estate image of the in hand farm, tenanted holdings and let cottages has given way to the dynamic approach of the innovative owner realising that assets must pay their way and that sometimes new ideas are great ideas. District heating schemes, tourist enterprises, commercial developments, hotels, retail outlets and many more opportunities are spread the length and breadth of the UK, showing just how diverse estates and become over the last 30 years.
We are privileged to have worked with clients on these exciting projects and know from experience just how life changing they can be in terms of financial security for the business and personal satisfaction for the owner.
The future success of many rural estates will depend on their ability to identify new business opportunities and to innovate.
Strutt & Parker's land agents are experienced in helping landowners to become more entrepreneurial and develop their businesses in exciting ways that go beyond traditional diversification projects.
We have the financial and project management skills necessary to bring new ideas to life, along with the business and management expertise needed to ensure any new enterprise is run successfully.
Answering the critical questions
Our team has helped our clients embrace rural entrepreneurship in a wide range of ways, including setting up corporate events companies, wedding venues, country fairs and public house ownership.
They secret to success is finding solutions to the key challenges that all rural entrepreneurs face. These include:
- Creating a business plan
- Identifying the impact on existing enterprises
- Measuring the impact on fixed assets
- Market analysis to ensure competitiveness
- Assessing capital investment required
- Financing the new business
- Researching grants
- Administrative organisation
- Organising utilities and infrastructure
- Staff recruitment and training
- Branding/presentation
- Accounting/budgeting