The clubs services are tailored to meet the requirements of service personnel and their families providing opportunities for complete beginners with a limited budget, to experience riders and horse owners, and also offering the flexibility required by service personnel to support their service commitments. The stables is also very community based demonstrated by its liaison with RDA and other local charities, organisations, schools and colleges. In order to ensure the stables continues as a viable business and charity supporting service personnel and their families, the business strategy is to develop the social enterprise element of the business. Through grant funding the stables will be able to offer riding opportunities to other local charities and non-for-profit organisations.
Working with horses means round-the-clock care, seven days a week. If you teach lessons, board or train horses in your facility, you'll have client horses and lesson horses.
If you need outside financing to help with construction or start-up costs, presenting a thoroughly prepared business plan is an important first step for a lender or investor. Succinctly describe the main points of your equine business: Equine Business Description In this section, describe the equine industry in your geographical region and how your business idea fits into it.
If the situation changes, explain how you are prepared to adapt. This can be anything from an increase in your grain costs to a competing facility opening near you. Market Strategies Here, you will describe your research results on the need for an equine riding school business plan like yours and how you will persuade customers to use your facility.
Describe what your positioning will be compared to other facilities. For example, you may offer packages that include lessons and training with board or have all-weather facilities. Detail your pricing strategy in this section, and project your sales with this information.
Detail how you expect to woo customers based on your strengths. For example, if you or your employees have specialized training or certification in equine management or training that your market analysis shows is lacking in other facility operations, that is a competitive strength.
Development Plan Your development plan outlines everything you need to do from start to finish. This includes any construction, purchasing or remodeling you need to do; marketing materials like business cards and flyers you need to print; personnel you need to hire; your schedule; your budget.
Also outline possible risks or things that can go wrong and how you are prepared to deal with them. Management and Operations Describe the nuts and bolts of your equine business. If you simply own a facility and will hire the staff to run it, detail that in this section, as well as the responsibilities of each individual.
Financials Here you describe your numbers, presenting them in three ways: Your income statement details your ability to generate revenue. Your cash flow statement is the difference between the income and your expenses; if you are out of cash at the end of each month, either your income needs to grow or your expenses need to shrink.
Your balance sheet is a summary that describes your assets, liabilities and equity.Following a strong business plan, the centre now makes a profit with annual sales of £, from around weekly customers.
So how can a riding school sustain itself?
Browse the photos of the historic Imperial Riding School Renaissance Vienna Hotel, featuring elegant accommodations in central Vienna, Austria. The Three Essentials for Profitable Equine Business Management!
The Three Essentials for Profitable Equine Business Management! go to an approved riding school or equestrian centre in your area for more instructions. Cheers. The Town Hall offices will be closed on Monday, September 3rd in observance of Labor Day. We will reopen with regular business hours on Tuesday, September 4th.
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