Tell people about your business, and use the internet. Equine Business Description In this section, describe the equine industry in your geographical region and how your business idea fits into it.
Stay Involved Since you will also be working alongside veterinarians who will be caring for your horses and foals, it helps to keep an organized follow up system with everyone on the farm.
Bottom line, you avoid paying for the liability from your personal assets. Hire Good Help As a farm breeder, you will not be able to handle the workload on your own, especially as your farm begins to grow with foals that you have bred.
Tip Write the executive summary last, as it provides a synopsis of the business plan. Lessons will be provided in western riding reining, barrel racing, and western pleasure and English riding dressage, jumping, eventing, and english pleasure. This includes any construction, purchasing or remodeling you need to do; marketing materials like business cards and flyers you need to print; personnel you need to hire; your schedule; your budget.
Detail how you expect to woo customers based on your strengths. We plan to advertise our horse business through the use of a website, Facebook page, yellow pages, and flyers at all local feed stores, tack stores, and other venues dealing with horses.
Breakeven analysis from our 3 year income projections indicates that this section of our business will not be highly profitable. We are seeking financing for construction of the horse stable, arenas, and hay barn, plus a business operating line of credit.
Find out who your competitors are by searching online directories and searching in your local Yellow Pages. John Jones, tenant farmer, will take care of farming the land.
You can also advertise your ranch on local newspapers to help you get targeted traffic. If the situation changes, explain how you are prepared to adapt.
But a good one can make the difference between success and failure, profit and loss. Doe will develop ongoing referral relationships with veterinarians that regularly work with owners of farmers and equine sport enthusiasts that own one or more horses.
This indicates that a large segment of this market will be under-served in the next few years. If you love horses and just cannot do without going horse riding sometimes, then you may also consider turning your hobby into a money making venture. We plan to build a 30 stall horse barn, an indoor lighted arena, and an outdoor lighted arena.
We have conducted a thorough market research that will enable us have an idea of what we should expect from our target market so as to allow us draft the right strategies.
That is a thrilling prospect! Some of the ways money is made here is by buying foals, training them to maturity and then sell them to people. Detail your pricing strategy in this section, and project your sales with this information.
Horses cannot be kept in stalls always, and so need to be out for training and for other purposes as well. Lease a Land Space You need enough space to enable you run this business; the horses should be given at least 1, meter square from each other and also there should be enough space for training the horses.
This slowdown in the economy has also greatly impacted real estate sales, which has halted to historical lows. They will also provide funds for fencing and farm equipment primarily a tractor with attachments for mowing the grounds and grooming the arenas, and an ATV for use on the property.
Provide estimates for the cost of utilities, accounting, computers, software, employees and insurance. Even if you have extensive experience with horses, you will need a specific set of knowledge and skills before starting a horse breeding farm so it helps to know what you need to keep in mind.
Without one, you may not realize the hidden costs involved in turning your hobby into a business. The Company was founded by John Doe. Also, our business is likely to be affected by a downturn of the economy, which will cause customers to spend less.
We intend to build on several publicity strategies that will not only promote our brand beyond the borders of Dallas — Teas but also positively communicate Gallop Horse Breeders, LLC round the whole United States of America.
This can be anything from an increase in your grain costs to a competing facility opening near you. Your ranch can charge the horse owners weekly or monthly to take care of the horses. If a vet needs a specific tool in an emergency, it helps if they already know where something is or if it is easy to find.
Opportunities There are several opportunities that exist for us in this industry as there are more activities that require the use of horses, thereby ensuring that there will always be demand for horses.
Succinctly describe the main points of your equine business: Many economists expect that this recession will continue until mid, at which point the economy will begin a prolonged recovery period.When Deborah Borra made the leap from real estate and harp-playing to commercial Swedish Warmblood breeding, she equipped herself with as much business knowledge as possible.
Set Up a Successful Horse Breeding Business. A realistic business plan. You also need a business plan that details the costs associated with all of the equipment and stock you must buy to make the facility viable. How to Write a Business Plan for an Equine Facility.
by Nancy Wagner. Related Articles. Hair Care Marketing Strategies boarding, breeding and raising horses. Step 3. Analyze the market, especially. The Business Corner Blog Home» Business Corner Blog» What You Need to Know Before Starting a Horse Breeding Farm.
What You Need to Know Before Starting a Horse Breeding Farm. September 18, ; Jack Dempsey; Business, Equine, Farmers; Write a Sound Business Plan. Again, like any business you will need to come up with a. A business plan is vital even if you already own horse property and plan to expand its use to boarding horses and giving lessons.
Without one, you may not realize the hidden costs involved in turning your hobby into a business. The most difficult part of creating a business plan is getting started. “I usually tell people to just get their idea down on paper,” Mather continued.
the disciplines that you plan to serve and the services (training, boarding, breeding, etc.) that you would like to provide.
Research the local horse market to find out how much. The best way to accomplish this is to develop a business plan. It doesn’t have to be a complicated plan. A simple document that establishes key elements of your horse ownership will do the job.
But many new Thoroughbred owners forget that their ownership should be approached as any business and having a plan is critical to your success.Download