We are aware that our prices will also vary depending on if the customer intends to buy or hire our horses. 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.
They include; buckets, spade, shovel and horse forage. Detail your pricing strategy in this section, and project your sales with this information.
Also, we sourced for and hired only competent and professional employees who understand the business and are willing to work to ensure that we attain our goals and objectives. So, look out for a good pasture land to serve as your ranch.
Due to this, the business consultant took a strict look at our business and took stock at our strengths, weaknesses, opportunities and threats that we were likely to be exposed to here in Dallas — Texas as well as round the United States of America.
A business plan is vital even if you already own horse property and plan to expand its use to boarding horses and giving lessons. Some horse owners may not have the space and time required to train their personal horses and will not mind paying a ranch to take care of the horses for them.
Your cash flow statement is the difference between the income and your expenses; if you are out of cash at the end of each month, either your income needs to grow or your expenses need to shrink.
Some of our weaknesses are that we are not starting off with a huge capital as we would have liked, this has therefore affected certain aspects of our business, such as marketing and not getting the amount of employees that would run all the various services that we intend to offer.
Horses cannot be kept in stalls always, and so need to be out for training and for other purposes as well. In order to perform a credible market survey, information and data has to be utilized from not only similar start-ups but also already established horse breeding arms in and around the locality.
Remember, that the fencing should be built high enough to prevent the horses from strolling away, or from an authorized person coming to take them away, while the stalls should be warm enough to keep the horses warm during cold nights and also well ventilated.
Bear in mind that profits do not start to roll in as soon as you start the business because the foals take some years to grow into full grown horses. Who are your potential clients and competitors? The main source of our income is projected to be from lessons and training with George Ellen Smith.
Some of the best place to advertise your business include; print out fliers advertising your ranch, and share it on horse racing events. Our insurance policies will include property insurance; care, custody and control liability insurance; mortality and major medical insurance for our lesson horses; crop insurance; general legal liability.
These other activities can be referred to as farm and ranch work, polo, carriage horses, police work, and certain informal competitions. Also, make arrangement for horse supplements to add to forage.
Also outline possible risks or things that can go wrong and how you are prepared to deal with them. So, you need to work out a repayment deal that will allow you enough time to pay up.A couple of times (for instance, when a mare owner hoped to breed a driving horse), I've said, 'This is not the stallion for you,' and referred owners to a stallion on another farm.
"Breeding can be an expensive proposition. Check out a sample business plan for animal breeding or a related business to get started. Toggle navigation. Starting a business made easy. Business Ideas; Business Planning Free Animal Breeders and Sellers Sample Business Plans.
Most Popular Plans in Animal Breeders and Sellers. Horse Training Business Plan Ereidi Farm.
If you've never owned a business before, the term "business plan" may seem foreign to you. But a good one can make the difference between success and failure, profit and loss. A business plan is vital even if you already own horse property and plan to expand its use to boarding horses and giving lessons.
Horse Breeding Farm Business Plan – MARKET ANALYSIS Market Trends Horses are used for a whole lot of activities and according to a study, these horses are used for a number of activities such as racing, showing, competition, breeding, sport, work, recreation and a whole lots of other activities.
Ereidi Farm horse training business plan executive summary. Ereidi Farm is an ongoing business providing colt training, broodmare care, racehorse rehabiliation and other services to the Thoroughbred racehorse industry/5(7).
Your development plan outlines everything you need to do from start to finish. 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.Download