Running a Financially Successful Horse Business - Top Resources to Make Your Horse Business More Profitable

Cash flow problems are one of the most common reasons equine businesses struggle. Use the questions below to identify and correct problem areas in your horse business....More

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

We recently re-mastered this video. It only takes 20 minutes to watch it! So you will get the information you need quickly. This webinar discusses key strategies horse professionals can use for identifying and developing complimentary income streams. If you are looking for ways to add income to your business this webinar is a must!...More

Working with horses is incredibly rewarding. In fact, the intangible benefits are so great many horse professionals overlook the financial end of their business. However, without a profit a business can't survive....More

The concept of Breakeven is important because until you reach breakeven, your business is actually costing you money - not making you money. However, once your business has reached breakeven, each incremental sale (or a portion of it) becomes profit....More

We get a lot of calls from horse professionals who want help writing or executing their business plan. Here is the most important thing we want you to know right now. In order to create and implement a successful business plan, you must have a business model that works. Find out what makes different horse business models successful and how to improve yours!...More

This members only webinar will focus on how to write and use a business plan for your horse business. And, while it will be geared towards stable owners, all horse business owners i.e. instructors, breeders, trainers and professional riders will benefit from learning this step-by-step, time saving approach to writing a business plan. It doesn't matter if you have been in the horse business for years and have never gotten around to writing your business plan, or your plan is in need of an update, or you are starting a new business - the skills you will learn at this members only class will help you improve your business now and for many years to come!...More

Most of us who have been in business any length of time, have a working knowledge of tangible assets i.e. things like your truck and trailer, horses, tractors, land, farm buildings and other things that show up on your balance sheet. But, did you know that according to Mary Juetten of Forbes Magazine, Non-tangible assets are over 80% of the average business' value.- And, from our experience working in the horse businesses, while financial deficits or surpluses are the ultimate reason for failure or success, they are rarely the root cause. Intangible assets like trust, talent and expertise, business model, relationships and goodwill make up the lion's share of your business's value. You can't succeed without intangible assets because they not only help build the tangible ones, they hold your business together! During these two webinars we are going to guide you through developing and managing both intangible and tangible assets....More

Join us for this special event taking place immediately after the open webinar. We will take you through a step by step process to help you BOOST your profits....More

Pretty much every horse business owner has credit cards. You might use them to reserve stalls and hotel rooms for horse shows, to pay the feed bill, the veterinarian or any number of products and services we use for our businesses. Mostly, credit cards make our businesses easier to run. Sometimes, they even help us to continue to operate smoothly during short periods of insufficient cash flow. However, there are a couple caveats. Pay your statement in full each month and don't get stuck on the minimum payment. Credit card savvy folks know it's best to pay the statement balance in full each month (in order to avoid paying interest -- plus, your available credit effects your credit score.) But few of us really know just how much it costs us, if we end up just paying the minimum payment. So, let's find out!...More

This members only webinar will focus on how to write and use a business plan for your horse business. And, while it will be geared towards stable owners, all horse business owners i.e. instructors, breeders, trainers and professional riders will benefit from learning this step-by-step, time saving approach to writing a business plan. It doesn't matter if you have been in the horse business for years and have never gotten around to writing your business plan, or your plan is in need of an update, or you are starting a new business - the skills you will learn at this members only class will help you improve your business now and for many years to come!...More

Secured loans, unsecured loans, revolving loans, short-term loans, long-term loans - and the list goes on and on. Sometimes it's enough to make your head spin! Instead of trying to fit within the definition of these terms, you should concentrate on identifying what parameters you need for your business loan, and then finding the loan that fits the criteria you have identified....More

One of the considerations to think about when going for a loan is the status of your credit rating. A little known fact is that there is more than one credit-scoring formula....More

In this series of articles we discuss the four most important financial reports to understand and use in managing your horse business. The four reports are:· Profit & Loss Statement (also known as an Income Statement) Balance Sheet Accounts Receivable Report Cash Flow Report In our first article we discussed the Profit and Loss Statement. In this article we will discuss the Balance Sheet. The Balance Sheet is a snapshot of the business. It is a powerful indicator of the health of a business. It uses the following equation. ASSETS = LIABILITIES + OWNER'S EQUITY...More

One of the four important reports that you can use to keep informed about your business and to make good business decisions is the Accounts Receivable (A/R) Report. The A/R Report shows that you've made the sale, but not received the payment yet and lists the balance owed to you. This is generated from the bills for the lessons given, the horse shows attended, the breeding done, the vendors paid on behalf (blacksmith, vet), board, or supplies given (medical care, meds, supplies) to your customers. When you create an invoice and send it out for payment, this populates the list. The setup of the report gives you how long those unpaid invoices have been due to you. This is called "Aging" and is usually set up from the date due on the invoice. The report shows the breakdown in increments based on the number of days due. The most common is:...More

The final article in this series helps you to understand the importance of Cash Flow Analysis. This report is the listing of cash in and out of the business. It's the "reality pinch" to the "it's gonna be" of the Profit & Loss Statement. Cash Flow is more concerned with the timing of the business activity, whereas the P&L is more concerned with the end game....More