Think Tough to Increase Profits

For many, enjoying horses is a way of life, and we are willing to work hard in other areas to support this hobby. There are those, however, who have decided to make their involvement in the horse industry a paying supplement to their earnings. I

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For many of us, enjoying horses is a way of life, and we are willing to work hard in other areas to support this hobby. There are those, however, who have decided to make their involvement in the horse industry a paying supplement to their earnings. If you are a member of this group, then perhaps it is time to think tough in order to make any type of profit from your endeavors.

An in-depth analysis of your overall operation and market potential should be a priority. Like any other business, you must adjust your horse-oriented business from time to time if it is to remain viable. This adjustment must, of course, include cutting costs and increasing revenues.

Cutting Costs

Feed is a major factor–are there ways to slash that cost? If you are not already buying in bulk, then this is the first area to consider. Perhaps more savings can be achieved if several farms or several boarders at one farm get together to buy from one distributor

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Written by:

Marj Piazza has been a free-lance writer for over 30 years, and her work has appeared in publications such as Western Horseman, Canadian Horseman, Chronicle of the Horse, and Sport Horse. A retired schoolteacher, she has also exercised racehorses, raised and trained Arabians and Thoroughbreds, and boarded horses. She currently lives in Osoyoos, British Columbia, Canada, with her husband.

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