Good horsemanship is built on solid basics…so is good business!

5 Fundamental Steps to Starting Your Horse Business

This workshop series is designed for people that want to take the step of starting their own horse business and don't know where to start. It's also a valuable process for those in early start-up stages if you haven't worked through a systematic process to guide you to success. This series will direct you through the maze of start-up planning pitfalls and give you a jumpstart to opening your doors for business. Lack of planning is one reason that small businesses fail, and the horse industry is no exception. Getting "good footing" as you start your horse business is the first step towards success.

What you’ll learn in this 4 week workshop: 

  1. Identify your needs
  2. Understand local, state and federal start-up requirements
  3. Evaluate the market and identify your target market
  4. Calculate financial feasibility using an income/expense/breakeven calculator
  5. Set short and long-term goals

 

Sign up now to get started right away.

 

This series is organized as follows:

 

Week 1 - Getting Started

Step One: Is this right for me?

  • Characteristics of an entrepreneur
  • What do I need?
  • What resources do I have?

                             

Step Two: Local, state and federal requirements

Suggested Exercises

  • Personal financial calculator
  • Prepare resources list
  • Complete local, state, federal requirements worksheet

              

Week 2 – Market Opportunity

Step Three: Evaluate the market

  • Identifying your target market - Who are they? What do they want and need?
  • How big is the market?
  • Who are your competitors?
  • How do you connect with your target market?
  • Can you do a market test?

 Suggested Exercises

  • Complete target market chart
  • Prepare competitive analysis
  • Complete features/benefits chart

           

Week 3 – Financial Feasibility      

Step Four: Calculate financial feasibility                       

  • Income/Expense/Breakeven
  • Cash flow
  • A word about P/L and Balance Sheet

 Suggested Exercises

  •  Determine breakeven

 

Week 4 – Long and Short-Term Goals

Step Five: Set goals

  • Start with the end in mind
  • Strategic planning, business planning, feasibility
  • Action plan

Suggested Exercises

  • Prepare vision, fundamental objectives, and goals
  • Complete goals for next 3 months

 

Sign up now to get started right away.

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Next Round deadline - July 15, 2017

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