What's the one thing you can do in your horse business to help thrive rather than survive the recession?
Review your inventory of horses regularly. Make a simple list with name,age, years owned, current value and potential value. Then ask the question. Which horses on the list are thief horses? You may love 'em all, but are they all pulling their own weight building value to compensate for the $3000 per year it costs to own them plus profit?
Unlike a warehouse full of nuts and bolts, horses are living,eating and aging requiring constant energy and monetary investment.
An empty stall will attract better brood mares, horses for training, students for lessons and clients for boarding. A stall occupied by a project horse with an uncertain time line for success, spooks potential profits from showing up.
Doug,
We have a twitter connection! Anyway as always good solid advice on your post. It seems harder to let some of the animals go that have been around for awhile.
I understand keeping a few old friends, but not the whole herd!
Keep up the hard Doug.
Ron
http://www.horsechithchat.com/network.php
Posted by: Ron - Horse for Sale | February 03, 2009 at 06:40 PM