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.
From our research, it is evident that we are in business to cater to the following people; Race courses Horse sports men and women Households Other horse breeding farms Our Competitive Advantage Our intention of starting a business is to ensure that we produce and breed quality horses for use by our different customers for various purposes and be the preferred horse breeding farms for all our customers here in Dallas — Texas and all over the United States of America.
Currently, the economic market condition in the United States is in recession. 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.
The best way to get such experience is to work an intern in a ranch; it will help you acquire all the necessary knowledge needed to run your own ranch. If you simply own a facility and will hire the staff to run it, detail that in this section, as well as the responsibilities of each individual.
Weaknesses There are several weaknesses that are likely to crop up when we start or run this business.
Detail how you expect to woo customers based on your strengths. 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.
Would these tips really help to set things rolling. Describe what your positioning will be compared to other facilities. 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.
We also intend to source for and employ only the best employees that are ready and committed to ensuring that we achieve our intended goals and objectives.
You should have a business account, too.
Financial Projections Our farm has started out small for specific reasons, we are now looking forward to an expansion that will allow us to utilize all of our skills.
Purchase All the Required Equipment When your ranch is ready, you need to purchase the equipments you need to take care of the horses before purchasing the horses. Billy encourages your accountant to be a part of this conversation also.
It should be noted that should there be any changes in the above factors, it would affect the sales projections, and might lead to an increase or decrease in figures. Advertise Your Ranch -: You have to employ a veterinary doctor to take care of the horses when they develop any kind of sickness or for checkups.
If the situation changes, explain how you are prepared to adapt. Our rehabilitative services have horses from all states of the region arriving at our farm for post-operative work and therapy. Would these tips really help to set things rolling. Our act comes from the critical evaluation that we have conducted on the horse breeding market here in Dallas as well as all over the United States of America.
An LLC can help you avoid personal liability for debts or wrongs committed during business transactions. Horses are prone to sickness in their early stages of maturity, and the service of a veterinary doctor comes in handy.
Buy Foals It is advisable that you go with a vet doctor to check out the foals to ensure that they are free from sickness and that they are of the best species.
For this purpose, we are seeking the services of a reputable marketing consultant who has a thorough understanding of the market to help us develop marketing strategies that will help our business gain a large share of the available market here in Dallas — Texas and throughout the United States of America.
Here is a horse breeding business plan and steps required. Also outline possible risks or things that can go wrong and how you are prepared to deal with them.
Because such event is for horse lovers; you are likely to find some people that are in need of a place to buy good horses. The Horse Farm will breed several different types of horses with breeds specific for simple riding, farm work, and equine sports.
This is very important as many people seeking local services, such as horse farms, stables, and sellers of horses, now the Internet to conduct their preliminary searches. We will use platforms such as Facebook, LinkedIn, Twitter, Instagram and other popular platforms to engage our audience Participate in and sponsor certain social events, sporting activities and fairs here in Dallas — Texas and nearby cities as well Install bill boards in strategic locations all around Dallas — Texas Distribute handbills and fliers about our farm in target areas Place adverts in local newspapers, as well as on radio and television stations Ensure that our truck is well emblazoned with our logo and that our staff wear customized tee-shirts especially during certain functions and events Our Pricing Strategy In setting a price for our horses, it would depend on a whole lot of factors such as the quality of the breed, the bloodline and what purpose the horse will be used for.
Horses need to be given enough care, so past ranch working experience will be an added advantage for your business. Working with horses means round-the-clock care, seven days a week. We will promote certain promising foals and bloodlines so as to stimulate the interest of existing and potential customers in our horse breeding farm.
Equine Business Description In this section, describe the equine industry in your geographical region and how your business idea fits into it.
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.
Any business will have a detailed plan that gives realistic expense and profit projections. A horse operation - no matter whether it is set up for boarding, breeding, racing or showing - must have the same.
Business Plan. University of Maryland Extension *Disclaimer: The information contained in this case study is to be used only as a case study example for teaching purposes. The information in the case study is both factual and fictional.
• Hay is in demand, increased horse ownership • Seeking of locally grown products; hay and beef. There's more to breeding than just putting two animals together and hoping for the best.
The same is true for starting a business - you have to have a plan. Check out a sample business plan for animal breeding or a related business to get started. A good business plan makes sure you’ve thought through all of the details, from hiring help to the fees you’ll charge. if it’s a popular area for horse owners but nearby boarding.
A Sample Horse Breeding Farm Business Plan Template. Business Overview; The horse industry has an economic impact of $ billion, with over 9 million horses in the United States of America, and has more than 7 million Americans involved.Free horse breeding business plan