So, let me start off by saying that I’ve managed barns in the past. I currently teach lessons, and I’ve been involved in the horse industry for about 28 years. I certainly don’t know everything, but knowledge wise I know I can handle it.
But, I still feel like I’m standing on the edge of a cliff, looking in to Land Of Crazy.
Do I jump?
Before I do, I got questions.
- I’ve written down all of my known expenses, as well as my “profit” (If you want to call it that. . I know you don’t really make money boarding, but I would be able to teach more lessons then I currently do, and the facility is nicer.
- Is there an app for Barn Owners to manage expenses?
How exactly do taxes work? Right now, I don’t make enough in lessons to even claim them, but I’m assuming if I own act actual business, I would, correct?
I only want around ten boarders. The barn is big, with plenty of stalls, but I just want to keep it small and manageable. I would pay $150 to the barn owner, and charge $500 for board. This is feasible, right?
Can anyone share with me their boarding agreement? I want to make sure that I include everything.
I’m sure I’ll think up more questions…TIA!!