Webinar Excerpt: Smart Financial Planning for Horse Professionals
Excerpt Summary: Reed Schroeder talks about protecting your horse business assests.
Reed talks about insurance for:
- Property
- Liability
- Portecting Your Horses (Those you own and those you don't)
- Mortality, Loss of Use and Medical
- Care, Custody and Control
Next, Sheryl Kursar the mananging director of the Equestrian Aid Foundation discusses the programs available through the E.A.F. and some of the most common reasons professional equestrians come to need help. Finally, Elisabeth McMillan shares some ideas on how your horse business model can be structured to best suit your eqeustrian career and financial plan.
You can watch the full webinar by selecting one of the buttons below:
This webinar will help you identify both threats and opportunities that affect your financial security. While you may have many successes in the arena, even the best horse professionals often have little financial security during and/or at the end of their careers. For most horse business owners, even an injury that puts them temporarily out of commission (30 -60 days) can be enough to create substantial financial difficulties. You will learn several different options to help you protect your equestrian career and business.
About the Speakers
Sheryl L. Kursar, APR - Managing Director of the Equestrian Aid Foundation
Sheryl joined the Equestrian Aid Foundation nearly five years ago as a public relations/marketing volunteer after a friend was seriously injured during a competition and needed help to supplement his insurance benefits. Later Sheryl was hired as the managing director, in addition to her responsibilities on the board of directors. The Equestrian Aid Foundation is a national nonprofit, which financially assists equestrians, horsemen and equine-related professionals who are suffering from catastrophic illnesses or injuries. The foundation provides funding for medical, rehabilitation, and essential expenses – such as food and housing – throughout a time of need. It provides hope and support to help recipients cope through crisis and get back on their feet. To learn more about the Equestrian Aid Foundation, visit www.equestrianaidfoundation.org, Facebook at www.facebook.com/EAF.Ride4Hope or at Twitter @Ride4Hope.
Reed Schroeder
Reed Schroeder is President of Schroeder Group, Inc., a full service Insurance Agency offering an array of insurance products for the individual and business. Reed was a guest speaker in Equestrian Professional's Smart Financial Planning Strategies for Horse Professionals, and his topic was, "Equine Bsuiness Insurance - Putting Together the Protection Puzzle." Reed discussed the risks and exposures that horse business owners need to be aware of and detailed the four main areas of exposure. To contact Reed, please call 513-489-9909 or visit his website at www.schroedergroupinc.com
ADDITIONAL MATERIALS AND PREMIUM RESOURCES FOR OUR MEMBERS
Equestrian Professional's Scheduling Success Calendar ToolThis download is for use with the webinar entitled "Scheduling Success" It contains a calendar, formatted excel sheets and examples to help you connect your marketing, financial and equestrian events. . . . More
Horse Business Calculator - Lifetime ValueKnowing and understanding the lifetime value of different types of customers is essential in order to make good decisions and plans . . . More
Horse Business Profit Margin CalculatorO.K. This is totally cool!! Use this online calculator to check your profits and profit margins in individual areas - like Training versus Sales or Boarding versus Lessons and in it's entirety. Use it to test new ideas and different business scenarios. Use it to help price your services, products and more . . . More
VIDEO REPLAY! Smart Financial Planning Strategies for Horse Professionals: Part 1 Recession Recovery and Horse Business StabilizationThis seminar covered essential information to help your Horse Business succeed in the current economic climate. It is fast paced and covers a lot of material! Be prepared to get lots of great ideas an . . . More
How Do I Create Projections for My Horse Business?Projections as defined by Business Dictionary.com are: The planning process of moving forward in time through imagining of future events, or estimates based on certain assumptions or past trends. So let's go through the steps you need to create your projections for your business plan. . . . More
Equine Business Insurance - What you need to know!
Use this outline to follow along with the seminar or as an insurance checklist. This outline breaks down each type of insurance and helps you to understand where, when and why insurance is needed. . . . More
Equine Business Insurance -- Putting Together the Protection Puzzle
A lot of horse business owners assume that as long as they have liability insurance they are sufficiently protected. Granted, liability may be the largest overall risk category, and it is essential that you have a good policy in place. Nonetheless, liability insurance is just one piece of the protection puzzle. . . . More
Equestrian Professional's Seminar Series - Smart Financial Planning Strategies for Horse Professionals
On July 5, 2010, Equestrian Professional will begin a three-part seminar series on financial planning for horse professionals. This series will focus on what horse professionals can do to create a secure financial outlook for their businesses and their own financial future. . . . More
Smart Financial Planning Strategies for Horse Professsionals Part 2: Equine Business Insurance - Putting Together the Protection Puzzle
This seminar discusses the critical role that insurance places in protecting your business and financial future. The speaker Reed Schroeder covers risks and exposures that horse business owners need to be aware of and the insurance options that are available to horse professionals. Reed explains the four main areas of exposure and the coverage options for each area . . . More
Smart Financial Planning for Horse Professionals Part 3 - Making Choices for a Better Future The third and final seminar in the financial planning series will focus on strategies for building financial security for the future. Many professional riders believe that they will simply stop riding and teach or hire someone else to do the heavy lifting when this time comes. However, without proper planning, the professional can find themselves . . . . . . More
Many of you simply want to keep working and retirement is not in your plans. However, as horse professionals age (sorry, but aging is inevitable) the ability to produce an income can drastically decrease. Planning early can make the difference of whether you get to keep doing what you love to do or whether your financial picture forces you to make changes. We believe it is always best to have a choice!
We are excited to bring you panelists from diverse backgrounds who will share their experience and observations on financial issues that affect horse professionals. The discussion will focus on practical approaches and strategies to help you to create viable plans for both long-term and short-term financial needs.
