Well anyways, I want to start my own equestrian business in the future and I'm already starting to think about the business plan (I'm the sort of person who plans way in advance, so I have a starting place when/if the ideas go ahead - heck, I planned years before getting my first horse!!). I'm 19, so I'm about to start my first year at uni, where I'm doing psychology with hopes of going onto clinical (then I have at least that to fall back on if my business falls on its face). My business plans are pretty in-depth, and I've bought and read many books of equine business and management, equine care and everything like that so I have a very basic idea of what I'd be getting into (mind you, the chapters on VAT are so dull!!).
Moving on, I was wondering about employees and the fact that my groom would ideally be full-time, and therefore maybe residential which consequently means I'd have to consider rent and stuff, which is something I'd think about at the time for sure. SO... my question is aimed at any BOs and full time grooms (anyone, really) about wages. Do you deduct rent from their monthly pay, or do you not ask for rent in return for their hard work? Is the rent discounted due to their working there?
In an ideal world, I would probably make the rent very cheap so to ONLY cover the basic costs of energy use and I'd certainly want to ensure they had good pay (depending on what the budged allows of course). Well, that's an ideal world, and maybe not realistic, which is why I'm asking about your experiences and thoughts
ETA. I'm doing psychology because it's something I am passionate about and want to work in that area, and if I was to have a livery yard, I'd probably try and keep up with my psychology (maybe even going part time or private... not too sure). Again, all of this is idealistic thinking... I'm ready to have to really think about what I'm going to do with both passions.