Equine Business Planning

Want to start an equine venture but not sure how to start? This webinar will give you the tools to create a viable business plan. In it, we investigate how to come up with an initial idea based on your own personal strengths and passions, how to conduct market research, calculate start-up costs, identify potential sources of funding, develop and market a product line in the equine industry.

A business plan is a written document that describes your business. It covers objectives, strategies, sales, marketing and financial forecasts.

A business plan helps you to:

• clarify your business idea

• spot potential problems

• set out your goals

• measure your progress

  
  

  Business plans can help you get funding or bring on new business partners. Having one in place will help investors feel confident that they will see a return on their investment. Your business plan is the tool you will use to persuade others that working with you (or investing in your business) is a smart decision. Running an equine facility requires paying attention to a lot of moving parts -- literally. 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. A good business plan makes sure you’ve thought through all of the details, from hiring help to the fees you’ll charge. 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.