Horse Business ManagementThe Forgotten Part – Financial Management(As important as, or possibly more important than the Horse Care and Management) IntroductionThe primary reason most horse businesses fail is a business model built entirely on passion rather than sustainable financial planning and management. Financial Management is a function of business that ensures that financial resources are invested and allocated efficiently for maximum returns. Simply put, financial management knows where to put money for maximum profit. Successful financial management in a horse business is as important as the care and management of the other business’s tasks and activities including ...

IntroductionInvesting in a lesson horse can be a significant business decision. You need to analyze your existing lesson program. You need to ask yourself; do you need more horses to meet demand or replace a retiring one? It requires careful consideration of both your business financials and business operations. Before purchasing a lesson horse, it's crucial to assess if your lesson program can support the additional costs and if the horse is the correct horse for your required lesson disciplines and teaching the various rider experience levels of your students.Lesson Horse ConsiderationsIt been documented that “a good lesson horse is patient, calm, well-trained, ...

IntroductionHorse Hauling ConsiderationsIf you are going to haul horses, the first to things to consider is the trailer’s size and its safety. If you are going to haul large breed horses like warmbloods or draft horses, you’re probably going to need a trailer that's taller and bigger than the average trailer. If you are going to haul average size horses, but you want to haul four horses, you’ll also need a bigger trailer if you want to be able to haul all of them at once.Ideally, your horse trailer size should fit just right - if it’s too big, it’ll give your horse too much space to shift around during travel, and if it’s too small, your horse will be ...

Purchasing (Prerequisites, Purchasing and Receipt Storage) PurchasingequineGenie is an enterprise management system. An enterprise management system does much more than an accounting system. Accounting systems record historical financial transactions. Accounting systems provide financial statements that are often too late to help manage a business. Most financial statements are good for the tax man and your banker but are of little use for day-to-day operating management. The history they provide shows how your business has done – and with a lot of extra work they can sometimes tell how a business might do in the future. equineGenie provides the accounting and the same ...