December is nearly half over, and everyone has made it through Thanksgiving and is getting ready for Christmas. But don't let the holidays distract you from your equine business. The end of the year needs to be a time of planning for the next year. Whether you own a farm, run a stable or teach lessons at home or around your area, make 2016 a better year by running your business like a business.
Following are a few tips to schedule on your calendar to help you get ready for 2016.
- If you don't have a CPA or tax advisor who is knowledgeable about horse business, find one.
- Ask that advisor about your current year's budget and how you should change it for next year; if you don't have a budget, get your advisor to help you create one.
- Your budget should be part of your strategic plan for 2016. Planning is important, cause if you don't know where you are going, you'll end up somewhere else.
- Make sure you have goals set for 2016 that are SMART: Specific, Measurable, Attainable, Realistic and Timely.
- Invest you yourself and your employees, because you are the reason your clients are doing business with you.
Make sure to read other articles on StableManagement.com about planning and goals. Following are some that might be beneficial to you.