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Home | Horse Business Success
 
Horse Business Success
Horse Business Management, Protection and Profitability

"I'm a great believer in luck and I find the harder I work, the more I have of it." - Thomas Jefferson

 This department is specifically for equestrian professionals who want to find meaningful information, tools and resources that will help them run their businesses more easily, profitably and successfully!

New Articles are added weekly and often daily. We are committed to bringing you the most up to date information and best business strategies available.  We encourage you to email us with any suggestions, requests or feedback.   

In Tough Financial Times -- What Can The Boarding Stable Do With an Abandoned Horse?
Julie I Fershtmann
In Tough Financial Times -- 
What Can The Boarding Stable Do With an Abandoned Horse? I own a boarding stable. Over the past few years many of our customers have been unable to pay us. Some have fallen seriously behind, and a few of them have not come to visit their horses in many, many months. We've tried to . . . More
What's NOT Deductible - Tips for U.S. Horse Businesses
Carol Gordon, CPA
Last month, I discussed items that are deductible on your business tax return. This month, I'm going to mention some items that are not tax-deductible for your business. Let me just repeat one idea from last month -- In order for an expense to be deductible, it must be both ordinary and . . . More
What Expenses Are Tax Deductible for a U.S. Horse Business?
Carol Gordon, CPA
What Expenses Are Tax Deductible for a U.S. Horse Business? With the close of 2009 and tax time right around the corner many equestrian professionals are getting their taxes together and trying to make the most out of any and all possible deductions here is a handy alphabetical list of . . . More
In Tough Financial Times -- A Well Worded Breeding Contract Can Help Save Money
Julie I. Fershtman, Attorney at Law
In Tough Financial Times -- 
A Well Worded Breeding Contract Can Help Save Money In these tough economic times, many stallion owners are finding it harder than ever to make a profit. Fewer people are breeding their mares. Fewer people are buying horses. Yet, the cost of maintaining and campaigning stallions remain higher than ever. . . . More
Save Time and Money! Get Your Horse Business Tax Documents Organized In Just A Few Easy Steps!
Carol Gordon, CPA
Save Time and Money! Get Your Horse Business Tax Documents Organized In Just A Few Easy Steps! You need to get your records organized. But you open the file/shoebox/drawer and there is just so much there, in no particular order. That looks like a whole day's worth of work and there are horses to be ridden, lessons to be taught and stalls to be cleaned. So you put away your good intentions for another day. It doesn't have to be that way. Here's how to get organized for your 2009 tax return without spending lots of precious time sitting at your desk. . . . More
REPLAY! Live Q&A with Equestrian Sports Psychology Consultant Tonya Johnston, MA.
REPLAY! Live Q&A with Equestrian Sports Psychology Consultant Tonya Johnston, MA. REPLAY to the Live Q&A from "Prepare for Excellence in 2010 - The Top 5 Factors to a Successful Horse Show Season for Horse Professionals" -Equestrian sports psychology seminar with Tonya Johnston. . . . More
In Tough Financial Times - Why It is Important to Understand Liability
Julie I. Fershtman, Attorney at Law
In Tough Financial Times -
Why It is Important to Understand Liability On Decemeber 14, 2009 we hosted an equine law seminar with Julie I Fershtman during which she covered very important information about equine liability and horse professionals. This article is an excellent review! . . . More
In Tough Financial Times -- Should You Declare Your Workers 'Independent Contractors'?
Julie I. Fershtman, Attorney at Law
In Tough Financial Times -- 
Should You Declare Your Workers 'Independent Contractors'? In these difficult times, equine businesses such as boarding and training stables are finding it harder than ever to survive. In an attempt to save money, some have considered labeling their workers "independent contractors" instead of "employees." Be careful -- this could be trouble waiting to happen. . . . More
2010 US Federal Tax Calendar for Equine Businesses
2010 US Federal Tax Calendar for Equine Businesses Use this calendar to stay on top of important due dates! Click the "all events" link and you will see what dates and forms are due each month for individuals, partnerships, corporations and employers. . . . More
Is Your Horse Business Feeling the Squeeze? 15 Tips for Getting Paid
Is Your Horse Business Feeling the Squeeze? 15 Tips for Getting Paid It is with more and more frequency that horse professionals are asking us how to get their clients to pay on time and sometimes get paid pay at all. Here are a dozen or so quick tips to help you get paid. We hope you will all add your own comments i.e. what's working for you and any suggestions you may have for your fellow members in the comment area below. . . . More

Questions for an Equine Law Practitioner In Tough Financial Times -- Should You Reduce or Cancel Your Liability Insurance?
Julie I. Fershtman, Attorney at Law
Questions for an Equine Law Practitioner
In Tough Financial Times -- 
Should You Reduce or Cancel Your Liability Insurance? Dear Ms. Fershtman: For years I've paid my insurance premiums and never had a claim. Times are tough, and I'm thinking about canceling my policy to save money. What do you think? -- A.L.(Iowa) When finances are tight, people sometimes consider canceling or reducing their liability insurance coverage. This article explains the risks. . . . More
Questions for an Equine Law Practitioner In Tough Financial Times - Can You Repossess a Horse When the Buyer Fails to Pay?
Julie I. Fershtman, Attorney at Law
Questions for an Equine Law Practitioner
In Tough Financial Times - Can You Repossess a Horse When the Buyer Fails to Pay? Last year I sold one of my horses on installment payments. We had no agreement in writing, but the buyer promised to pay me within six months and I let him take the horse. Six months passed, but he only paid a small part of what he owed. Every time I call him asking for the money he gives me tons of excuses. Can I just take back the horse and call it off? . . . More
CHECKLIST: 60 Income Diversification Ideas For Horse Professionals
CHECKLIST: 60 Income Diversification Ideas For Horse Professionals This checklist contains over 60 income stream ideas and options that you can use as is or to help stimulate your own brainstorming session! . . . More
Horse Business Income Diversification Chart
Horse Business Income Diversification Chart One of the most important steps to developing additional income streams is to successfully intergrate them into your business. Use this chart to help you identify cross promotion opportunities and . . . More
Roping In Some Extra Cash - 15 Equestrian Affilate Programs
Roping In Some Extra Cash - 15 Equestrian Affilate Programs One way to diversify your income without adding to your body's physical workload is to participate in affiliate programs. Affiliate programs essentially pay you a commission on sales from customers that you refer through a link placed on your website, newsletter or email etc.. - Here is a list of Equestrian related affiliate programs for you to consider . . . More
Questions for an Equine Law Practitioner In Tough Financial Times -- Should You Let the Boarding Stable Use Your Horse for Lessons?
Julie I. Fershtman, Attorney at Law
Questions for an Equine Law Practitioner
 
In Tough Financial Times -- 
Should You Let the Boarding Stable Use Your Horse for Lessons? Boarding stables often make arrangements with their customers to trade the use of a boarded horse for lessons in exchange for a reduced board rate to the horse's owner. To the parties in this arrangement, it sometimes seems like a "win-win" situation because it provides the stable with greater access to lesson horses, while customers receive a discount on their board fees. . . . More
Legal Aspects of Hauling Your Horse
Julie I. Fershtman, Attorney at Law
Legal Aspects of Hauling Your Horse Industry experts have written numerous articles over the years about how to prepare your horse for the hauling process. This article will address what to consider from a legal standpoint. Please keep these suggestions in mind before your horse makes an interstate or international trip . . . More
Equestrian Professional Income Diversification and Profit Comparison Worksheet
Equestrian Professional Income Diversification and Profit Comparison Worksheet Use this online tool to develop new profit centers in your horse business. This tool helps you to compare horse business diversification ideas in order to select the best strategy for your business and to determine which ideas are worth inverstigating further. . . . More
HORSE BUSINESS SEMINAR AUDIO REPLAY: "Rethinking the Horse Business - Succeeding In a Changed World"
HORSE BUSINESS SEMINAR AUDIO REPLAY:  "Rethinking the Horse Business - Succeeding In a Changed World" AUDIO: "Rethinking the Horse Business - Succeeding in a Changed World" - Tele-seminar hosted by Equestrian Professional.com on September 1, 2009. Audio replay - 20 minute lecture followed by 20 minutes of Q&A. . . . More
60 Income Diversification Strategies for Horse Professionals
60 Income Diversification Strategies for Horse Professionals Sixty income generating ideas for Horse Trainers, Boarding Stables, Instructors, Sales Barns & Breeders too! This list will stimulate your creative juices and help you put a little more punch in your profitability. . . . More
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