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Operating a Boarding Stable

This is a discussion on Operating a Boarding Stable within the Barn Maintenance forums, part of the Barns, Boarding, and Farms category

     
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        06-02-2009, 08:30 AM
      #41
    Green Broke
    Quote:
    Originally Posted by Whipple    
    I LOVE paperwork. I must be a strange person, but I was writing contracts when I was a child. For such things as sleepovers and birthday parties, so I didn't get in trouble from my dad for doing something. We both knew what was allowed or not. It made things so much clearer.
    Anyhow, I fully intend on rock solid contracts. They keep relationships intact and in good order. Thanks for reminding me!
    This made me smile! You must be a very old soul. Enjoyed reading this.
         
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        06-04-2009, 12:11 PM
      #42
    Foal
    I would like to offer you some advice. I own my own farm and am the BO/BM. It is a business. It is hard work and you must be adept in all aspects of your operation to earn any amount of money that makes it worth your time and effort. You certainly must love the work to do it.
    I much prefer the animals to the people but have established a clientele over the years that I can happily live with.

    Create a professional, thorough, no-nonsense business plan. Better yet, if you don't know how to do it and can afford it have someone help you with it. This will take you a few months to put together. It is really important that unless you have a degree in Business, have a person who does and knows about equine start-up and management review it, discuss it with you and be in a position to ask those difficult questions that have emotionally-driven responses. If you are planning to purchase a place and part of your property will require additional capital investment funds in your mortgage loan for the business end, your bank will likely want to discuss your plan with you. Hire an attorney who is able to do your contracts and represent your best interests with future problems that will arise. Trust me when I say they will. Even though, as you say, you have been writing contracts since you were a child, please don't think you can write them for your business. You will jeopardize your families livelihood. Discuss what insurances you are required to have by law and what additional coverages you need to have so that you, your family, employees, boarders and guests and animals are covered for any situation. Preferably your attorney will have equine industry experience. Shop for insurance. Identify suppliers. You will need to identify your market niche (showing, leisure, western, kids, adults, etc.) and develop a professional marketing plan. Again, if you don't know how to do it, get help. Even if you intend to only take in 2 or 3 boarders to off-set your own costs, you still need to do all the legal and insurance stuff.

    You should intern at a boarding facility for a minimum period of 6 months. Not just working, learning the whole business and doing all the jobs. It is **** hard work. You might change your mind, especially if you have young children (I see 2 in your photos). If you don't have a partner/husband/live-in au pair who is free to take over the kids, for hours at a time, at any time of the day or night, consider waiting several years.

    There is a really great professional who provides consulting services. His name is Doug Emerson and he has a website at Profitable Horseman - You can learn to make money in the horse business..
    Check him out. There is great info out there to help you. Source it and take advantage of it and don't jump into something without knowing exactly where you are going with it. Particularily in today's economic situation. Good luck.
         
        06-04-2009, 06:48 PM
      #43
    Yearling
    Quote:
    Originally Posted by QtrHorse    
    Even though, as you say, you have been writing contracts since you were a child, please don't think you can write them for your business. You will jeopardize your families livelihood.
    I never said that I was planning on writing contracts without a lawyer. I am a huge fan of being proofed. I was trying to make that point that I have always been this way and I would not overlook contracts.
    I plan on taking a equine business management course, among others, before starting. I don't plan on starting this for years, I want my children to be old enough that I can leave them for a bit without worrying about them blowing the house up. I'm planning on roughly 10 years before I own my own place. Until then I would preferably like to work in the industry, in all aspects.

    I get lost looking at business plan stuff, so it is guaranteed I will be hiring someone to help me out there. Along with my lawyer and my insurance guy and whoever else I need I'm going to be doling out a lot in the beginning. I'm up for it.

    Thanks for your advice and the link. I appreciate it.
         
        06-04-2009, 06:50 PM
      #44
    Yearling
    Quote:
    Originally Posted by Walkamile    
    This made me smile! You must be a very old soul. Enjoyed reading this.
    Haha, thanks. My dad was in his 50s when I was born, so I was raised a bit differently then many of the other kids my age. But it's worked for me.
         

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