2007-04-17 04:29:54 · 7 answers · asked by Anonymous in Pets ➔ Other - Pets
It depends what you mean by “the horse business”. It is best to, at least start it, as a “hobby business”, meaning that you will have to keep your day job.
Teaching and training can be fairly easy to get into if the have the experience, qualifications and connections. If you can do some work (even if you don’t get paid much) at a well-respected school, or training yard you can start to build up a customer base for free-lance work. You will be heavily depended on you reputation.
Breeding or dealing horses is more difficult because you need faculties and will immediately have running costs. Again you should start small scale. But you will be very luck to make any profit on a small-scale operation, and not enough to live off (that’s why you have to keep you day job).
Talk to you bank about starting up a small business; they will be able to help you with some of the legal stuff. An account is also worth hiring, and will save you money in the long run, unless you are very confident with your own finances.
2007-04-17 05:50:49 · answer #1 · answered by edge6661 5 · 1⤊ 2⤋
Extremely few people can go into the horse "business" successfully - even top breeders don't make any money. The ones that do have big bucks.
My area is an area with a lot of people who are in the horse "business." The IRS has been busy auditing their so-called businesses and hitting them for back taxes because the businesses have never made money after many years in business, so they can't be called legitimate businesses and they can't write off their losses.
In the vast majority of cases, it's a hobby, not a business and you won't make any money.
2007-04-17 04:35:51 · answer #2 · answered by ? 7 · 2⤊ 0⤋
First of all, just learn as much as you can. What i do is research everything from training, to first-aid, to care. Also before you start your business, work with an instructor/ trainer so you can learn how they run a barn. What I'm going to do, is get a degree in business, so i know the basics of running a business. I'm also planning on taking accounting classes my sophomore, and junior year to help with dealing with finances. If you are planning on becoming a trainer, or instructor, it often looks better to people if they see you went to college, and are certified. This is optional, but it helps in the long run. And remember, horses are expensive, so don't get started right away, save money! Good luck with it! Horses are amazing animals!!
Here's my favorite horse website, it has training, first-aid, care, and starting business articles. I could spend all day on it!!
equisearch.com
Also, pick up the book
"Starting and Running you Own Horse Business" bye Mary Ashby McDonald. You can get it online, Tractor Supply, walmart, or any other farm store. It has tons of great tips!!
2007-04-17 04:42:41 · answer #3 · answered by Mindy Lou 2 · 0⤊ 2⤋
I've been a horse owner most of my life, never been in business but if I would There are a couple of things I'd do for sure. Get into a rare breed, like Lippizans. they get a good price for them, even selling them before birth. Dressage is a very big sport and they are the top horse for that discipline. Then become a certified Parelli trainer, it's the best way to be able to market yourself and stand out against many people who call themselves horse trainers. You will be listed on there website and they are the absolute best trainers there are. Then I would train my rare breed to do as many top sports as possible and do them really well. Reining, roping, dressage, jumping etc... You get a name for yourself by showing your horses and placing in those shows. If you're not going to want to do it all, there is alot of people that don't make it. Make sure you love everything about horses, from cleaning the barn to riding in shows and training every single day. If you don't you will tire of horses quickly. Good Luck!! I hope you get rich!!!!
2007-04-17 05:03:39 · answer #4 · answered by Ktcyan 5 · 1⤊ 2⤋
YES---You better have YEARS of experience with horses and a POCKETFULL of $$$$$$$$$$$$$$--they are very expensive!!---If you asking for advice--probably not a good business for you!!
2007-04-17 06:15:01 · answer #5 · answered by Anonymous · 2⤊ 0⤋
DON'T DO IT! It's a loosing fight. Not many people can make money on horses enless your are vary lucky or have the right connections.
2007-04-17 05:05:41 · answer #6 · answered by hardy cowgirl 2 · 2⤊ 0⤋
Thorobreds!
2007-04-17 04:33:30 · answer #7 · answered by Anonymous · 0⤊ 2⤋