The horse industry is big business

Graphic courtesy of the University of Minnesota Equine Extension Program. Used with Permission and Credited.
You may have heard the joke about “How do you make a small fortune with a horse business?”  Answer: You start with a large one! For years now, I have heard people say you can’t make a living working with horses. When we say something repeatedly, we tend to start to believe it. But what if the story of not being able to make a living with horses is actually false? What if you can make a living?

Recently, the University of Minnesota Equine Extension Program shared the graphic to the left on its Facebook page. Contrary to what you may have heard, the horse industry is booming. And it’s doing so because of equine business owners. Think of how many businesses it takes to maintain horses. A short list includes vets, farriers, feed stores, hay producers, tack stores, equine dentists, equine chiropractors, equine massage therapists, horse trainers, riding instructors, clinicians, horse breeders, horse associations, and horse rescuers.

One of the keys to being successful as an equine entrepreneur is to realize that while you love working in the horse world, it is a business. That means it has to be run as one. You have to start with a business plan and the correct business formation. You need legal contracts drafted by an equine attorney. You need to protect your company with a trademark. You need a marketing plan. You may need liability insurance. You may need documents specific to your equine business, such as barn rules. If you have all of these things in place as you start your business, it is easier to assess where and how you need to make changes if something isn’t working right or if you want to expand your business.

If you feel passionate about horses, contact me so we can discuss how I can help you start, build, or rebrand your equine business with my equine legal and business consulting services.

Bob Baffert as the Greatest Coach in Sports

equine estate planning liability releases equine contracts equine businessFor far too many years, the standard response to horse people who insist that what we do with horses is athletic has been, “Horse activities aren’t a sport because the horse is the one doing all the work.” So you’ll no doubt be pleased to learn that even before 3-year old thoroughbred powerhouse Justify won the Triple Crown, CNN  recognized his trainer Bob Baffert as “the Greatest Coach in Sports.”

Bleacher Report writer Tom Weir opened his case by pointing out that the span of Baffert’s winning career exceeds that of Bill Belichick’s New England Patriots and Gregg Popovich’s NBA Spurs. This, despite the fact that a horse’s racing career means that “no coach in any other sport has as much turnover or as small a window to reach stardom.” You can explore the rest of Weir’s reasons for lifting horseracing trainers to superstar status among sports’ coaching professionals in CNN’s June 8 Bleacher Report.

And when you do, you will no doubt find yourself gleeful that someone in sports has finally acknowledged what horse people have always known: that riders, trainers, and all the other people who work with horses are as dedicated, focused, hard-working, and talented as the people who make any other sports endeavor dear to the hearts of fans and participants alike. If you’ve ever wished fifteen minutes of a good posting exercise on a dismissive football fan or fun-run aficionado, just to see how sore their legs and back would be after “the horse did all the work,” you’ll appreciate this article and want to share it with non-horsey friends and family.

call text email equine law massachusetts horse attorneyWe suggest you try not to crow when you do.

At Windhorse Legal, we know how special the horseperson’s way of life really is. Attorney Jo Belasco worked as a horse professional for decades. So when it’s time to protect your horses, barn, and home in the event something happens to you, call on Jo, an attorney who really understands and appreciates the way you live.