If you love horses and just cannot do without going horse riding sometimes, then you may also consider turning your hobby into a money making venture. If you love being around horses or you love taking care of foals and horses, you can build a horse breading business or a ranch and earn quite a lot of money.
What does the horse breeding business really mean?
A horse breeding business has to do with training foals until they mature to horses for sale. Some of the ways money is made here is by buying foals, training them to maturity and then sell them to people. A fully matured horse is quite on the expensive side; some people sell as much as $10,000 or more if it is a racing horse.
Some of the ways to make good money from your horse breeding business include the following; hiring out horses after they may have been trained as racing horses in your breed. Also, you can make money by hiring out horses to professional horse jockey players. Some horse owners may not have the space and time required to train their personal horses and will not mind paying a ranch to take care of the horses for them. Your ranch can charge the horse owners weekly or monthly to take care of the horses.
How can you start your own horse breeding business you just might ask? Here are the steps required.
Starting a Horse Breeding Company – Business Plan
1. Garner Experience
You don’t need a special training to start a horse training business, but experience of how to take care of horses is very important. The best way to get such experience is to work an intern in a ranch; it will help you acquire all the necessary knowledge needed to run your own ranch.
2. Source for Capital
A horse breeding business is a capital intensive business; as you need money to buy or lease a large land space for your ranch. You need capital to buy the foals, and they don’t come cheap, as well as equipments to maintain the ranch. The best way to go about raising capital for building a ranch is via a loan from the bank or from an angel investor.
Bear in mind that profits do not start to roll in as soon as you start the business because the foals take some years to grow into full grown horses. So, you need to work out a repayment deal that will allow you enough time to pay up.
3. Lease a Land Space
You need enough space to enable you run this business; the horses should be given at least 1,000 meter square from each other and also there should be enough space for training the horses. So, look out for a good pasture land to serve as your ranch.
If you can build off the property, better; if not you have to ensure that you make a long term agreement with the owner. You may consider the following when looking for a space; weather condition, source of water, and a ranch site that is free from dangerous animals that may be harmful to the horses
4. Construction the Ranch
After, you have chosen a perfect site for your ranch, its time to construct the ranch. You can employ the services of a building Construction company to handle the project. Remember, that the fencing should be built high enough to prevent the horses from strolling away, or from an authorized person coming to take them away, while the stalls should be warm enough to keep the horses warm during cold nights and also well ventilated.
5. Purchase All the Required Equipment
When your ranch is ready, you need to purchase the equipments you need to take care of the horses before purchasing the horses. They include; buckets, spade, shovel and horse forage. Source for suppliers that can supply you forage in bulk quantities as at when needed because horses eat a lot. Also, make arrangement for horse supplements to add to forage.
6. Employ Workers
You need extra hands to help out in running the ranch; some will be in charge of cleaning out the stables or stalls, some to take the horses out daily to train, and others for feeding the horses. Horses need to be given enough care, so past ranch working experience will be an added advantage for your business.
7. Buy Foals
It is advisable that you go with a vet doctor to check out the foals to ensure that they are free from sickness and that they are of the best species. Order for the number of foals you need to initially run the ranch and remember to ask around for the type of horses that are popular and on demand in your location before making your purchase.
8. Employ a Veterinary Doctor-: You have to employ a veterinary doctor to take care of the horses when they develop any kind of sickness or for checkups. Horses are prone to sickness in their early stages of maturity, and the service of a veterinary doctor comes in handy.
9. Advertise Your Ranch-: Some of the ways to advertise your ranch include;
Indeed you bet they would, as these are time tested tips that have helped others and your own business couldn’t be an exception.
5. Purchase All the Required Equipment
When your ranch is ready, you need to purchase the equipments you need to take care of the horses before purchasing the horses. They include; buckets, spade, shovel and horse forage. Source for suppliers that can supply you forage in bulk quantities as at when needed because horses eat a lot. Also, make arrangement for horse supplements to add to forage.
6. Employ Workers
You need extra hands to help out in running the ranch; some will be in charge of cleaning out the stables or stalls, some to take the horses out daily to train, and others for feeding the horses. Horses need to be given enough care, so past ranch working experience will be an added advantage for your business.
7. Buy Foals
It is advisable that you go with a vet doctor to check out the foals to ensure that they are free from sickness and that they are of the best species. Order for the number of foals you need to initially run the ranch and remember to ask around for the type of horses that are popular and on demand in your location before making your purchase.
8. Employ a Veterinary Doctor-: You have to employ a veterinary doctor to take care of the horses when they develop any kind of sickness or for checkups. Horses are prone to sickness in their early stages of maturity, and the service of a veterinary doctor comes in handy.
9. Advertise Your Ranch-: Some of the ways to advertise your ranch include;
- Horse Racing Events-: Some of the best place to advertise your business include; print out fliers advertising your ranch, and share it on horse racing events. Tell people about your business, and use the internet. Because such event is for horse lovers; you are likely to find some people that are in need of a place to buy good horses.
- Local Business Newspapers-: You can also advertise your ranch on local newspapers to help you get targeted traffic.
Indeed you bet they would, as these are time tested tips that have helped others and your own business couldn’t be an exception.
