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:
- Identify your needs
- Understand local, state and federal start-up requirements
- Evaluate the market and identify your target market
- Calculate financial feasibility using an income/expense/breakeven calculator
- 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
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Testimonials
“As program coordinator for a two-year project in New Hampshire, I was responsible with identifying and securing consultants who could assist beginner farmers with developing a business plan for their Agricultural enterprise. This required consultants to have proven business development skills, an understanding of small-scale farms and the ability to mentor as well as consult individuals.
Lisa far exceeded these skills and did so with top-notch professionalism and knowledge. She brought to each business owner a strong background in agriculture and business allowing the farmer to develop a plan they could implement with confidence.
Lisa kept me informed at all times during the project with detailed and pertinent feedback. She was a pleasure to work with and I look forward to the opportunity to do so again. I would recommend Lisa to any business owner, whether they are a start-up or well established, who may be seeking assistance with their business development.”
Charlene Andersen, Kamigo Marketing, Nottingham, NH
