Totally hear you on this.
Initially this project is starting out as a part-time venture. I have a degree and freelance in an entertainment-related field, and a single day’s work for me in that industry pays for a month of horse board. I also set my own schedule as a freelancer, so I’ve designed space for training time. I don’t work a 40 hour week in that field, by choice, to allow free time for riding and training. Originally that time was taken up by riding at the sales barn and now can be spent on my own business. I also live quite frugally, by nature. I think the transition to full-time would happen gradually.
I already own two horses that I’ve been bringing along myself that I originally intended to keep as personal horses, but I’ve decided to prepare them for sale as “test subjects.” I already am accustomed to budgeting for their board, farrier, vet, miscellaneous costs, since I own them, and I have been documenting my training sessions since starting this venture so that I can see how long it really took me to bring them from prospects to the market and better allow and account for unexpected setbacks and delays. I have a ledger and am keeping meticulous record of costs, both online and by hand.
That said, someone mentioned looking at the SBA for resources and getting with a good CPA - that is on my to-do list.
I did consider doing consignments to avoid the overhead and losses that come with owning sales prospects, but I didn’t want to deal with some of the issues that the owner of the sales barn experienced - eg, pressure from clients to move horses quickly before they were really properly tuned up, dishonesty from the owner about medical or behavioral issues, a cap on potential returns due to receiving only a commission instead of the full sales price of the horse, limited control over decisions regarding shoeing and medical treatments to get the horse as sound as possible before sale, etc. Because I really get the most satisfaction from doing an excellent job to the best of my ability, and I am passionate about the training process (I’ve wanted to be a horse trainer since I was a little girl,) I felt that going the route of buying, training, and selling my own would be the most fulfilling experience in the long run.
I’m accustomed to riding several horses in a day. I’m in a lucky situation where I have a really good relationship with my vet, farrier, and barn owner. I get price breaks for having multiple horses and having brought the barn new boarding clients by me being sent horses for training, and I’m very low drama and keep to myself. My farrier has known me since I was a little girl, has helped me evaluate horses I’ve purchased for myself, and gives me a great deal. Same with my vet - he sometimes has chosen to bill a PPE he’s done for me as a “wellness exam,” for example, because we get along, and he has a lot of respect for me. In that regard, I’m fortunate that my board per horse runs me less than 700/month, and I’m at a nice facility with a great covered arena and covered round pen. It’s definitely a unicorn opportunity.
Because I spent so much time riding horses at the sales barn (and most of the time, I was the only one riding the horses consigned there) I got a really good pulse on how long it takes me to tune up the average all-around type horse and figure out an efficient routine that works for me. I actually have a couple of documents written up, in which I listed out how to evaluate a sales prospect, a general sequence of exercises to go through (recognizing, of course, every horse is its own unique individual with different quirks, personality, and issues to overcome), and a rubric to evaluate if the horse meets all objectives in order to be declared “video ready.”
On average, it takes me fewer than 90 days to get a healthy, green broke horse balanced at the walk, trot, and canter, both directions, on straight lines and circles, accepting contact on the bit and also maintaining tempo on a loose rein, in and out of the arena, and ready for an amateur rider. Horses at the sales barn ranged from 3 to 17 in age, and some of them had bucking, rearing, and bolting issues that I had to work through and would take longer than others. I was also expected at the sales barn (per their pre-existing program) to desensitize the horses to tarps and other stimulus, take them through an obstacle course, teach the horse to lie down, and ride in a neck rope if possible. I found a routine that let me accomplish all of this pretty quickly. Some of them came with a sidepass and pivot; others, I had to teach the maneuvers from scratch.
That said, I want to run my own program a bit differently. Having prior experience learning groundwork and riding skills from former members of the Arabian Nights Dinner Theatre, Ringling Bros, and Cavalia, and having trained an actual liberty/trick horse before from scratch, I felt like the bridleless and lying down tricks I was being asked to teach at the sales barn were just gimmicks and a bit counterfeit, compared to the real deal. It bothered me, honestly.
I’ve bought my last three personal horses unbroke and started them myself. I actually was accepted into a competition run by Colt Starting Challenge USA in 2020, but I didn’t get to compete due to the event being canceled due to quarantine. I don’t mind hot horses, problem horses, OTTBs…though I am a bit cautious in dealing with OTTBs as sale prospects, as some of them come with pretty significant maintenance and shoeing requirements that can raise my overhead significantly. I’m leaning towards looking for sturdy, ranch-y type quarter horses as an alternative, but that would mostly keep me out of the English markets.
I would like to have a sense of what my niche is, and based on my experience, I think I could produce a decent “Western Dressage” horse or a high school rodeo barrel horse, both of which are popular disciplines in my local market. I mentioned my trick training/liberty experience …ILHA as an organization has popularized liberty and bridleless by providing an avenue for competing in those disciplines, but it’s still so small a community that I’m not sure it would be worthwhile to train a horse for specifically competing in ILHA shows. It’d be nice to utilize my knowledge in liberty and trick training, as I enjoy it, but I don’t want to put gimmicks on sale horses either. I really, really dislike how some people try to use demonstrating bridleless riding (especially on straight lines or following the arena rail!!!) to “prove” how safe the horse is or how secure the training/cues are…though I’m proud of myself when I’ve gotten a horse using its back well enough that it stays round when being ridden without a bridle on a 20m circle with correct bend, or I can do a nice, correct pivot or sidepass.
What I don’t want is to represent a horse as being able to ride bridleless just to “show off” and have a dumb pre-teen get hurt trying to replicate what they saw in the sale video.
I got really into learning tricks and liberty, because I was ambitious and wanted to “prove” that I really could train a horse. Being a bit more mature than I was, I’m rethinking the whole thing and trying to consider how best to produce a useful horse. End goal is to train and sell horses to ensure they can land themselves good homes by being good citizens.
I have good relationships with people I’ve bought horses from in the past and have also been doing a little bit of networking with breeders whose programs I like. I’m on the fence about whether it is better to start with very green or unbroke horses, or if fixing more mature horses with behavioral problems is the better route. I don’t mind retraining behavioral issues, but having helped clients with horses with behavior issues, I know that teaching the horse to not act up with me doesn’t guarantee that the behavior won’t resurface with a different person. Because the horses I work with would be intended to be sold, maybe horses who have never learned bad habits to begin with would be better for my reputation than selling something I think I “fixed” and ending up with an unhappy buyer who feels like they got screwed.
I know I want to avoid yearlings, as I know that keeping them until of age to be ridden at all will be too expensive.