Working with horses means round-the-clock care, seven days a week. If you teach lessons, board or train horses in your facility, you'll have client horses and lesson horses. If you need outside financing to help with construction or start-up costs, presenting a thoroughly prepared business plan is an important first step for a lender or investor.
They found a property that seemed ideal for their needs, so they visited their bank to apply for a mortgage. But the first thing the banker asked for was a business plan. 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. Without one, you may not realize the hidden costs involved in turning your hobby into a business.
It takes a bit of time and thought to putting together a good business plan, but in the long run you will be glad you did. Describe what industry your business is in, the size of the facility you have in mind, and the physical structures included in the facility.
Ellen and George Smith Horsemanship will be a moderately sized equestrian facility that provides horse boarding, horse training, and riding instruction services.
In the horse stable, we plan to take in boarded horses, horses in training, and lesson horses.
Lessons will be provided in western riding reining, barrel racing, and western pleasure and English riding dressage, jumping, eventing, and english pleasure. This property consists of 30 acres and a farmhouse.
Twenty of these acres will be devoted to farmland. We plan to build a 30 stall horse barn, an indoor lighted arena, and an outdoor lighted arena. We will also fence the entire property, and cross fence to provide smaller turnout pastures for the horses.
The property is a prime location, near public land for trail ridingand only 20 minutes from the county fairgrounds. A good business plan answers these four questions: What is the business? Who are your potential clients and competitors? Who will manage the business?
How much money do you have to invest and how will you use the money you borrow?
Describe your targeted clientele, and give some idea how many there are in your area, and how you plan to attract them to your business. Many new homeowners are attracted to this area due to its proximity to public land suitable for horseback riding, and the availability of county fairgrounds which frequently hold equestrian shows and competions.
This indicates that a large segment of this market will be under-served in the next few years. Breakeven analysis from our 3 year income projections indicates that this section of our business will not be highly profitable.business plan should detail each income generating unit measuring according to the market, the physical space available, the resources available and the contribution that the self‐ sufficient school .
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. School Business Plan An Independent Public School, Rosalie has a clear vision and purpose.
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