Nothing seems as scarce as a business plan in the horse industry. When most of us think about a business plan, we think about board rooms, accountants, and months of work and preparation. Besides, does a small business really need a business plan?
In some ways, business plans are more important for small businesses than for larger ones. Small businesses may be less able to adjust when mistakes are made, mistakes may have a larger impact on the over all health of the business, and small businesses may not have the resources to recover from failures. The good news is that business plans need not be time consuming or difficult.
Here are some links to resources for business plans.
6 Easy Steps to a Simple Practical Business Plan
Demystifying Business Planning in the Horse business
Preparing a Business Plan – TOBA
A business plan will not only help you create a brighter future for your horse business, it will help establish you as a real business and not just a hobby in the eyes of the I.R.S.

