The Business of Horses- A Financial Perspective.pptVIP

The Business of Horses- A Financial Perspective Denise Joyce, Practical Business Solutions Teagasc Workshop, Clonakilty, Co. Cork 19th September 2007 Why Horses? Hobby Lifestyle Business Example 1: Farmer X Farmer X…………..on reflection Farmer X…………….restated Business Fundamentals for Success To run a business successfully, you need to understand the fundamentals i.e. Cost Structure Revenue Stream Margin or Profit Cost Structure Costs may be grouped as: Variable Fixed Variable Costs Costs which relate directly to the horse Vary proportionately as the number of horses increase/decrease