Business Plan Help - The Horse Forum
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post #1 of 9 Old 10-13-2020, 04:06 PM Thread Starter
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Business Plan Help

Hi All,

I'm not sure if this is the right section for this question, so if it's not, please point me in that direction.

I am in the process of creating a business plan in able to purchase a facility or land to build one within the next year or two. I'm thinking about expenses and was hoping you all could help me make sure I'm not missing anything. I currently have grain, supplements, hay, mortgage, electricity (lights for arenas, barn, etc) shavings/bedding. I know I'm missing some things, and probably something major LOL Any guidance you can provide would be great.

Thank you!

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post #2 of 9 Old 10-13-2020, 04:09 PM
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What kind of business? Boarding or lessons or...?

"I wumbo. You wumbo. He- she- me... wumbo. Wumbo; Wumboing; We'll have thee wumbo; Wumborama; Wumbology; the study of Wumbo. It's first grade, Spongebob!"
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post #3 of 9 Old 10-13-2020, 04:10 PM Thread Starter
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Hi! I will be expanding my lesson program and also offer boarding. We will likely have shows and clinics onsite as well.


Few Acres Farm, Maine
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post #4 of 9 Old 10-13-2020, 04:19 PM
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Insurance.
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post #5 of 9 Old 10-13-2020, 04:24 PM Thread Starter
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Ah yes. Thank you!


Few Acres Farm, Maine
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post #6 of 9 Old 10-13-2020, 04:25 PM
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*I am a boarder, not a barn-owner.

It depends on how you allocate the money. There are various expenses.

You can have a barn food, treats, vet, farrier, fly spray, toys, tack, etc..., or you can have people use their own. At my boarding barn, the boarders have the option to use the barn's, but we can also use our own, or mix 'n match.

Farm supplies include tractors for cutting the grass or raking arenas. They also include rakes, pitchforks, shovels, fans, water heaters, mats, etc... We have barn-provided farm supplies; nobody uses their own.

Insurance.

Fencing. Some barns have a "you break it = you fix/pay for it". Some don't. At our barn, if our horse breaks a fence, we have to manually fix it, but we do not have to pay for it (the supplies).

Grounding/footing. This includes sand, gravel, sand/lime stone, etc... We have a sandstone drainage in the pastures which gets delivers every few months. We do have to pay for that, but we do not have to spread it.

Water.

"I wumbo. You wumbo. He- she- me... wumbo. Wumbo; Wumboing; We'll have thee wumbo; Wumborama; Wumbology; the study of Wumbo. It's first grade, Spongebob!"
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post #7 of 9 Old 10-13-2020, 04:30 PM Thread Starter
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Thank you! I am mainly concerned with the monthly ongoing expenses. Obviously, if a pitch fork breaks, I'll have to replace it, but my thoughts are more geared towards what I'll be paying monthly. I will have boarders supply their own grain and supplements, (unless they want to use my grain). Hay will be provided by me. That is a good thought about items that are broken. I think I will have a "you/your horse break(s) it, you fix it" policy. I hadn't thought of that, but that's good. Regular supplies (pitch forks, muck buckets/wheelbarrows, brooms, etc) will be supplied by me as well.


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post #8 of 9 Old 10-18-2020, 07:57 AM
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The expense categories I track are as follows:

Trash
Insurance (commercial Liability)
Insruance (Property)
Electric
Fly Control
Workers Comp
Gasoline
Diesel
Property Tax
Labor
Mortgage/Rent/Lease
Feed
Hay (round and square bale costs)
Bedding
Veterinary (if you have school horses estimate this high, at 14 school horses we average 2K per month in a year)
Farrier costs
Equipment Maintenance
Equipment Lease/Loan payments
Supplements (assuming you provide them for your lesson herd).

If you can account for or estimate all of the above you should be in pretty good shape for the expense side of the house at a normal boarding/training facility. If you live on the property then some of these (taxes, mortgate, etc) end up getting mixed with personal, but you may be able to lease the property to an LLC or other business entity to keep it simple.
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post #9 of 9 Old 10-19-2020, 10:49 AM Thread Starter
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Thanks so much for this!


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