Agribusness Student with Question - The Horse Forum
 
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post #1 of 3 Old 03-09-2017, 08:25 AM Thread Starter
Foal
 
Join Date: Mar 2017
Location: Artemas, PA
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Agribusness Student with Question

Good morning:

I am a current college student in the Agribusiness program. As part of our class we have been tasked with creating our out agribusiness start-up. I have decided to use horse boarding as my start-up business for the project. I had contacted a business owner in my area who initially said they would help, but they have not gotten back with me and my assignment is now due tonight at midnight.

Basically, I need some advice on setting business goals, initial financing of the business, staffing the business, and best practices for conducting market research to identify target market and ensure the business can be successful in the area.

Some goals I have established for starting out are:

*Update advertisements weekly (in local news papers, on Facebook, craigslist and other free internet ad sites)
*Have at least three boarders under contract within the first six months of business
*Hire at least one part-time employee by the end of year three
*By year five, have doubled the number of horses we are able to accommodate (will require acquisition of more land and additional stall space)

My intent is to finance the early stages of the business out of pocket. I have the land and barn/stalls (they will definitely need some updating) and will need feed and supplies.

Any advice that you have would be helpful (for example, I'm sure there are a lot of things I have not even considered that I should be).

I hope that someone will be willing to help. I would like to thank you in advance!
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post #2 of 3 Old 03-09-2017, 08:35 AM
Green Broke
 
Join Date: Apr 2015
Location: Canada
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Read this article: The Truth in Boarding Barns |

It contains a lot of estimates on costs, and a good list of various costs you may not have considered. It's very, very hard to make any money at running a boarding stable. Most just break even, if they're lucky.
Acadianartist is offline  
post #3 of 3 Old 03-09-2017, 08:53 AM
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Join Date: Oct 2014
Location: Central Hill Country Texas
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I would add:

Draw up legal documents CLEARLY outlining the responsibilities of the barn and the owner, procedures in the case that a horse becomes ill or the boarder fails to pay for a period of time etc.

Make sure you are in compliance with any legal regulations for your state. For instance here in Texas you must display signs stating that equine professionals are not liable for injuries due to the unpredictable behaviors of livestock Each State and county has their own quirks.

Check on insurance to make sure you are covered in the event of an accident either human or animal as well as making sure you are covered in the event that anyone who is "working" for you vis a vis, cleaning stalls in exchange for reduced board or lessons, as an instructor or as a fix-it contractor.

“You spend your whole life with horses and just about the time you think you have them figured out, a horse comes along that tells you otherwise.” –quote from my very wizened trainer


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