Typically, beginning any serious business takes work and effort, as well as a decent chunk of risk. Starting an equine breeding business is in no way different than starting a regular business, not saying that horse breeding isn’t a normal business of course, in the sense that it takes devotion and money to see results.
When it comes down to breeding animals, there are a lot of things to take into account. Not only will you be running a semi-risky business, but you also need to delicately manage and operate on real, live, fantastic creatures. It does not matter whether or not you have experience with horses beforehand; you still need a broad range of skills to make your horse-breeding farm come alive. Only with passion and hard work can you make a business prosper, profit, and scale. The same goes for this particular kind of business and, in some cases, even more so in this field of work.
Make Sure You Are Ready And Passionate About This
Before you begin any business, it is good to have mental and emotional support, and more importantly, a lot of drive for said business. Horse breeding companies require the same set of mental and emotional stability, but even more so. It takes a long time for the business to get off the ground, of course, so you will want to dig in for the long wait. It’s like closing a cabin door for the winter in the mountains; you need to prepare for the long thaw adequately.
Plan Out Your Business Beforehand
Like any business, you need to have yourself a full, round, and most importantly solid business plan. This will let you know what kind of materials, employees, and most importantly precautions and facilities that you will need. You will also want to sit down with a planner, banker, or investor to figure out how much capital you will need to not only start the process but to keep it alive and afloat in the future as well. Be sure to research some avenues of financial support through government grants, you may be surprised at what you find.
Look Into The Legal Aspects Of The Business
This is beyond critical. No matter how much planning you do, no matter how much sound investment and capital you have, you can say goodbye to your business if you do not have the proper legal papers filled out and done away with.
There are loads and loads of different kinds of permits and regulations that each horse breeder needs. It is up to you, now, to get all of these papers and waivers filled out and completed in due process. Not only are there papers to be a licensed breeder of course, but all of the tax forms and property (and facility) taxes as well.
You will also need licenses for the different kinds of horses that you own and will be breeding; you simply can’t buy a horse and leave him or her completely unregulated, unlicensed, and uninsured.
There is a lot that goes into being a horse breeder, not only regarding legal licensing and what not but also having to provide your facilities and properties, as well as having to wait for years to see any progress. It can be a very profitable business, but it cannot substitute for a real job. If you have a passion for horses and want to get into the firm, you need to be financially competent and stable before you begin. Good luck!