Business plan for horse industry
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Business plan for horse industry
I was wondering if anyone has a sample Business plan so I can see what one is like for horse business. How detailed does it have to be?
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yukidragon
- Starters Handicap
- Posts: 616
- Joined: Sun Oct 31, 2004 11:29 pm
- Location: Oregon
heres a web site that might be helpful?
http://www.ciresa-racing.com/tbredhw2.htm
http://www.ciresa-racing.com/tbredhw2.htm
In general my hubby (who works for a bank) feels 5 years is a reasonable startup period. We are just about at that. Lost money w/ start up costs first 3 years, broke even the 4th, made a teenie profit the 5th. Hopefully that means we do better this year 
.Needless to say w/ 3 years of losses the horses are not paying the farm mortgage.......his bank job is!!!
.Needless to say w/ 3 years of losses the horses are not paying the farm mortgage.......his bank job is!!!The TOBA web questionaire/tutorial at this site is a very good starting point.
http://www.toba.org/ownership/index.html
I downloaded and printed each chapter back when I began and made a notebook. When I go back to compare it with what I've done and/or plan on doing....have to say IF I'd stuck to the guidlines incorporated within that planning tool I'd be like "Ol' Stewball..a free man today..."
IN any event I can't stress enough that the way "to learn" is NOT to get a horse and then try to learn as you go.....but to invest at least one full year to two full years in your personal education before you even sit down to decide how you're going to go about investing in this industry.....what are your strengths.....and what are your weaknesses....how "deep" are your pockets and what is your tolerance for risk/losses.....
http://www.toba.org/ownership/index.html
I downloaded and printed each chapter back when I began and made a notebook. When I go back to compare it with what I've done and/or plan on doing....have to say IF I'd stuck to the guidlines incorporated within that planning tool I'd be like "Ol' Stewball..a free man today..."
IN any event I can't stress enough that the way "to learn" is NOT to get a horse and then try to learn as you go.....but to invest at least one full year to two full years in your personal education before you even sit down to decide how you're going to go about investing in this industry.....what are your strengths.....and what are your weaknesses....how "deep" are your pockets and what is your tolerance for risk/losses.....