Repairs to these structures and the fencing are equine acres business plan in our monthly cash flow projection to indicate the ongoing requirements for cash. Succinctly describe the main points of your equine business: Provide estimates for the cost of utilities, accounting, computers, software, employees and insurance.
The construction of the stable, arenas, and hay barns are one-time capital expenses and these structures will be depreciated as a business expense. Detail how you expect to woo customers based on your strengths. If you need outside financing to help with construction or start-up costs, presenting a thoroughly prepared business plan is an important first step for a lender or investor.
Mention any trends that might affect your business, such as growing tourism in your area creating a demand from people wanting to arrange for a horse to ride trails in a nearby park or a horse carriage ride for couples. George Smith is a champion barrel racer who also has a degree in business.
Step 6 Create a marketing strategy that shows how you will attract clients to your facility. Describe what your positioning will be compared to other facilities. Equine Business Description In this section, describe the equine industry in your geographical region and how your business idea fits into it.
Your balance sheet is a summary that describes your assets, liabilities and equity. But the first thing the banker asked for was a business plan. The equine industry is a multi-billion dollar American industry with Oklahoma ranked 4th in activity.
We plan to use the line of credit to cover the initial costs of these items, and to pay back the line as income accrues from business activities.
Step 2 Describe each of the services your company will provide, such as training, medical care, riding lessons, boarding, breeding and raising horses. One of the commodities in particularly short supply was canvas.
Percentage of maximum occupancy, 30 available equine residencies: Describe who will manage your business, and who will deliver the services you plan to offer.
But Levi was an observant man.
Her office will handle payroll and tax preparation for our horse business. Twenty of these acres will be devoted to farmland. Our insurance policies will include property insurance; care, custody and control liability insurance; mortality and major medical insurance for our lesson horses; crop insurance; general legal liability.
Tip Write the executive summary last, as it provides a synopsis of the business plan. A good business plan answers these four questions: Providing a unique, fulfilling, enjoyable retreat community atmosphere for the lessors.
Soon he was supplying all sorts of supplies to those headed for the "gold. You might also need to hire maintenance workers to keep the facility in prime condition. But as you work on it, you will see your dream begin to take shape, becoming more real and more realizable!
Financials Here you describe your numbers, presenting them in three ways: Purchase Business Plan Pro today and get For example, if you or your employees have specialized training or certification in equine management or training that your market analysis shows is lacking in other facility operations, that is a competitive strength.
Sample text from Horse Riding Business Plan: Above all, customer service, professional staff and business operations, and the good of the community, will supersede all other issues at all times.
He is the most respected farrier in this area. Upon recognizing the potential, to then contact the originator for further discussions in route to establishing a mutually profitable and rewarding business relationship. The EquineAcres business plan presented here is the direct result of experience in the equine business which has identified the real, "big strike.
For example, you may offer packages that include lessons and training with board or have all-weather facilities. Step 1 Prepare an executive summary about your company, including the story of how and why you started a business about working with horses.
That is a thrilling prospect!A love of horses and the ability to manage a business is just the start when it comes to opening your own equine facility.
You also need a business plan that details the costs associated with all of the equipment and stock you must buy to make the facility viable.
Besides giving you an operational guide for running. The farm included 97 acres of land: 8 acres are included in buffers and filter strips, 4 acres are residential and farming buildings, 25 acres are in pasture land for the cattle and 60 acres are in the hay crop (20 acres in grass hay, 40 acres in alfalfa).
There is approximately tons of hay and tons of alfalfa produced each year. Find this Pin and more on Equine Business Plan by Jamie Risenhoover. The Best Small apps that will help you increase productivity and efficiency.
Infographic: Small Business Apps - www. The Best Small Business Apps you need to know about. In this section, describe the equine industry in your geographical region and how your business idea fits into it.
For example, if it’s a popular area for horse owners but nearby boarding facilities are full with waiting lists, that can justify opening a boarding facility. I Need to Write a Business Plan for my Horse Business. Where Do I Start? Having a solid business plan and writing it down is critical to the success of your horse business.
Equine Acres horse boarding real estate business plan executive summary.
Equine Acres develops real estate into retreat/resort boarding for horses. Retail sales of supplies and horse-care services/5(4).Download