Becoming a successful owner requires thorough preparation, continuing education and common sense. Every owner can become a knowledgeable and successful manager if willing to take the time to learn about Thoroughbred ownership.

Always operate your horse business with the same level of business savvy that has afforded you the opportunity to become a Thoroughbred owner.

Define Reasonable Goals & Objectives

·         How much money can I afford to allocate to horse ownership?

·         How much time do I intend to devote to my equine activities?

·         Do I prefer to participate as an individual or in partnership?

·         What are my short-term and long-term goals?

·         What type of equine investment should I make?

·         Where should I conduct my equine activities?

·         At what level am I looking to participate?

Write a Business Plan

A written business plan will help you stay focused, as well as assist in demonstrating active participation in the activity. Tax regulations and business sense require that you make the investment with the intent to make a profit.

In creating a business plan, remember that neither Thoroughbred racing nor breeding are static activities. A sound business plan is not necessarily an elaborate plan; however, it should provide a framework for your goals.