This course examines the basic principles of financial management of a small equine business. Preparing balance sheets, analyzing income statements and understanding cash flow are key tools in effectively managing a successful business. Students will also study common risk and liability issues for business owners as well as exploring those issues unique to running your equine enterprise.
Equine Business Finance & Risk management will provide you with the skills to manage your own business or as an employee including those managing: tack and feed stores, rescue facilities, boarding schools, non-profit organizations, event and show coordinators, freelancers, and all other small business owners.
By the end of the course you should have:
- Gained knowledge and skills to become financially savvy equine business owners
- Learned how to setup and manage a bookkeeping system
- Identified what day-to-day operations should look like
- A solid understanding and examples of how to proceed with funding research, setting up budgets and reading financial reports
- Become aware of potential risks that can affect an equine business
- Established guidelines and tools to reduce the potential risk factors
- The Basics Principles of Accounting
- Business Operations
- Financial Management
- Using Financial Statements
- Acting on Financial Information
- Raising Money/Funding
- Benchmarking and Metrics
- Protecting Your Assets
- Take Action - Mitigate Risk
- Having an Exit Plan
This course is designed for the adult learner, at least 18 years of age.
Equine Business Management, Marketing and Communications in the Equine Industry and the Equine Business Finance and Risk Management courses are designed to be taken as a series of course to help the Equine business owner develop and expand their business.
|Quizzes||10%||There are five online quizzes. Each quiz consists of a number of true or false statements and multiple-choice questions which cover the weekly unit material.|
|Loan Proposal||15%||Create a loan proposal to determine funding for your business.|
|Policies and Procedures||10%||Define policies for your business.|
|Toolkit Portfolio Part I||25%||Conduct a risk assessment on your business.|
|Toolkit Portfolio Part II||25%||Financial plan developed throughout the course.|
|Participation||15%||Participation is based on responding to class learning questions and engaging in discussion with other students in the class discussion area.|
Open Learning and Educational Support
You can expect to spend 6 - 10 hours per week to complete the course material, discussions and assignments.
Do you have more questions? Visit our program page Frequently Asked Questions