Strategic Analysis with current research! The Horse Farm, Inc. The Company was founded by John Doe.
Drafts strategies and policies that would affect the direction of the boarding facility Ensures that drafted policies are well implemented and that ineffective policies are modified or removed Sources for high level clients on behalf of the boarding facility Admin and Human Resource Manager In charge of sourcing for the right employees on behalf of the organization and ensure that they are well oriented and properly inducted.
The business consultant who also understands our business environment due to the fact that they are native to Oklahoma will look through our business concept to decide if our business will thrive, make profit and also favorably compete against other competitors in this line of business.
Due to our request, the business consultant was able to take stock of our strengths, weaknesses, opportunities and threats and use that to determine what we were likely to face here in Central Oklahoma as well as in the whole of the United States of America as well.
Therefore, the results of the critically conducted SWOT Analysis on behalf of Quest Horse Boarders are as follows; Strengths As a relative new business, we have several advantages working in our favor. We have a strong relationship with several associations and this means we are correctly positioned in getting reliable vendors for all the necessary services and products we intend to offer.
We also have a full team of professionals that understand horses thoroughly and how to care for them. All our employees take good care of horses and do not subject them to cruel treatment. We also offer excellent customer care to our clients who have enabled us to retain a high number of our clients and make them not only loyal to us but to also refer our business to others.
Finally our owner has over 20 years experience in the field that will ensure that we not only attain our desired goals and objectives but that we remain in business for a long time. Weaknesses Our weakness stem from our relative newness in the market, and the limited budget we have in terms of vigorously promoting our business to allow our target market become fully aware of us.
Also, we have a limited capacity as to the number of horses we can board or a certain period of time. Opportunities Horses are used for different purposes, recreation, sports and work; and so various opportunities are opened to us in this market as there are various clients that would make use of our facilities.
Also, the fact that we will be boarding more than one horse would mean that our fixed costs will remain the same no matter the number of horses we have.
Threats Even though every business either start-up or fully operational will face threats every now and then, we are fully prepared for that which we are likely to encounter. The threats that we would likely face in the course of running our business include the arrival of new competitors into the same location where we are operating from here in Central Oklahoma.
Another threat we are likely to face include having challenges health wise with the horses we board and getting used by owners; a downturn in the economy which will result in less people wanting to own horses much less spend on boarding facilities.
However, in order to combat this threat, we intend to offer other services as well. The horse boarding business is usually for private individuals and commercial owners. Most people buy a horse but have nowhere to put them, also most people need somewhere their horses can be trained, while commercial owners want a place where the horses can get quality care.
Those in this business usually offer additional services to their core service with the intention of gaining more customers that would increase revenue and also boost the bottom line of the company.
These services can be hosting special horse-related events, selling horses and participating in auctions on behalf of their clients, or selling other horse related products, in order to gain a huge share of the market.
The industry is experiencing intense competition and so entrepreneurs have raised the standards in order to favorably compete and also gain a huge share of the market.
Most owners have deployed the use of technology so that clients that are not so close can keep up with happenings in the industry as well as in the business. Also, operators in this industry are seeking various avenues to increase sales by getting involved in outdoor events and activities.
Our Target Market Determining our target market is very important as it allows us better understand who our target market is while also helping us draft effective strategies that would help us gain a huge share of the market. We know that our target market is determined by our location and we would love to point out that we are located in a strategic area that would allow us have several opportunities to tapping into other markets that are around our location.
In correctly determining our target market, we have conducted a market research that would help identify our target market and their characteristics, so we not only know what they expect from us but what strategies would better work on them. Therefore, from our analysis we are in business to offer our horse boarding facility services to the following group of people; Horse owners.Free Horse Farm Business Plan For Raising Capital from Investors, Banks, or Grant Companies!
Please note that the financials in this complete free business plan are completely fictitious and may not match the text of the business plan below. Sample Horse Boarding Business Plan Template #, written on Saturday, June 18, AM, in Cumming,. Here's is How to Write a Business Plan BUSINESS DESCRIPTION.
Equine Acres' horse boarding real estate business plan sets a goal to provide a single source for all facets of horse boarding and care. It aims for a percent lease rate and 75 percent products sales and services. According to the horse boarding real estate sample business plan, the company will use its requested funding to buy an.
According to the horse boarding real estate sample business plan, the company will use its requested funding to buy an additional acres of land for the project. It also hopes to eventually expand the business with two additional facilities. The business plan consists of a narrative (body) and financial worksheets.
Work through the sections in any order that you want, except for the Executive Summary, which should be done last. If you teach lessons, board or train horses in your facility, you'll have client horses and lesson horses.
A good business plan makes sure you’ve thought through all of the details, from hiring.