Examine 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. You will study common risk and liability issues for business owners as well as explore unique issues to running your equine enterprise.
This course will provide you with the skills to manage your own business or work as an employee of an equine business—including tack and feed stores, rescue facilities, boarding schools and non-profit organizations. Event and show coordinators, freelancers, and all other small business owners are well-suited participants for this course.
Upon successful completion of this course, you will be able to:
- Apply your knowledge and skills to become financially savvy equine business owner
- Set up and manage a bookkeeping system
- Identify what day-to-day operations should look like
- Proceed with funding research, setting up budgets and reading financial reports
- Identify potential risks that can affect an equine business
- Establish guidelines and tools to reduce 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.
|Policies and Procedures||10%|
|Toolkit Portfolio Part 1||25%|
|Toolkit Portfolio Part 2||25%|
Please note that the course assessment is subject to change.
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