Research has shown that 49% of Irish people would like to start their own business; 50% fail in the first year and a staggering 80% fail within 3 years.
With the guidance of the mentor, the entrepreneurs are taken through actual steps and get out of the classroom / training situation and physically do the market research. Entrepreneurs analyse their business model and how to cost their business. Fundamental to the programme, entrepreneurs look at their potential customers and conduct a number of real world research interviews in the three month period.
Idea to Impact will allow participants to establish whether there is a real business in their idea. At the end of the programme participants should be in the strong position to start their own business.
Idea to Impact will be facilitated by Declan Droney. Declan is an experienced Entrepreneur, business consultant and business mentor. He is founder of one of Ireland’s most distinctive, artisan food companies, Kinvara Smoked Salmon. He is a business Mentor with Galway LEO, Mayo Leo, SCCUL and Enterprise Ireland and lecturer with UCD Innovation Academy and with GMIT New Frontiers. He also delivers lean start up courses to start-up and early stage entrepreneurs.