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Share on Facebook A love of horses and the ability to manage a business is just the start when it comes to opening your own equine facility. 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.
Besides giving you an operational guide for running your facility, the plan might also come in handy in seeking the funding necessary to buy or lease land, erect buildings and acquire stock if you need funding to get the business off the ground. Step 1 Prepare an executive summary about your company, including the story of how and why you started a business about working with horses.
Mention your background, education and expertise in handling and taking care of horses, as well as in growing a business.
Step 2 Describe each of the services your company will provide, such as training, medical care, riding lessons, boarding, breeding and raising horses. Step 3 Analyze the market, especially in relation to businesses that compete with you, including veterinarians, boarding facilities, and even ranchers who raise and sell horses.
Mention any trends that might affect your business, such as growing tourism in your area creating a demand from people wanting to arrange for a horse to ride trails in a nearby park or a horse carriage ride for couples. Step 4 Explain the characteristics of the target markets to which you plan to sell your services, such as local families who need a boarding facility for their horse or horse owners who need health care, surgery and medications for their animals.
Additional target markets might include tourists who want to go on trail rides, people who show horses at fairs and events or people who buy the horses you breed in your facility.
Describe how you plan to operate the company, and mention any staff you need to hire to provide medical services, feed and water the horses, empty stalls, saddle up the animals, and brush and clean them daily. You might also need to hire maintenance workers to keep the facility in prime condition.
Step 6 Create a marketing strategy that shows how you will attract clients to your facility. This section should also mention how you plan to brand your business, such as making it a high-end equine facility that caters to people interested in thoroughbreds or the one-stop shop for local horse owners to rely on for health care, food and tack.
Step 7 Develop profit-and-loss statements for five years that explain the land you need to lease or buy to run your equine facility. Your projections should include buildings and equipment needed, including boarding facilities and stalls, paddocks, an arena and food storage areas for bales of hay and bags of oats.
Identify the medical equipment needed to provide emergency and routine health care services if you offer such services. Include the cost of buying the stock you need to set up your stable of horses.
Provide estimates for the cost of utilities, accounting, computers, software, employees and insurance. Tip Write the executive summary last, as it provides a synopsis of the business plan. You might need to develop the entire plan before providing an honest look at the business concept.Horse Training Tips and Information for Equine Owners Training for your horse is as necessary as making sure your children get a good education.
Free Horse Farm Business Plan For Raising Capital from Investors, Banks, or Grant Companies! Please note that the financials in this complete free business plan are completely fictitious and may not match the text of the business plan below.
Horse Rescue, Georgia Equine Rescue League, Horses, Nonprofit, Georgia. The Iowa Horse Council held a fundraiser through El Arte Uncorked on February 22 at Felix & Oscars on Merle Hay Road in Des Moines.
Everyone was invited to join us in painting a picture of their pride and joy, whether it be cat, dog, horse or otherwise. For 30+ years, Equine Express Horse Transportation has exceeded customer's shipping expectations by carefully hauling horses nation-wide, coast-to-coast across the USA.
With a 98% review and an A+ BBB rating, Equine Express is known by horse owners as American's Most Trusted Nationwide Horse Transportation company. 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.