For many people, the idea of starting their own business is an exciting one. Perhaps you have an idea for an equine business start-up. You have the skills. You have the knowledge. You even know how you can promote your product or service. You are missing something however – funds.
I have recently been reading the Great British Entrepreneur’s Handbook. One of the chapters focuses on enterprise education. Alice Barnard writes about Tycoon in Schools. This is an initiative where students are encouraged to pursue a business idea.
For those who provide a promising looking business idea, they are provided with funding. The sum of 1,000 pounds is to make use of over a 12 week period to get their business up and running and also turning a profit. At the end of this time, students are required to pay back the loan of 1,000 pounds but they can use the left over profits as they see fit. This can be donated to a charity, further invested in their new business or spent on something else.
Equine Business Start-Up Funding
How does this relate to equine businesses? What if there was a business that provided funding to equine related start-ups? This would need to be run by people that are able to cover two areas:
- Business education and skills
It would be irresponsible of anyone to provide funding for an idea with no guarantee of a return. However, those who are starting out with a business idea often just need some funds to kick things into motion. Many however, will also need guidance about what is smart in business. If they are provided with funding and some education about how to promote their business, then they are more likely to succeed.
So perhaps here is another niche idea for an equine related business. And also one that helps to kick-start other equine careers!
The people who set up a business to provide funding for equine business start-ups could also prove to be a great boost to the equine industry. They could be the catalyst to help people launch a product like a horse text book, horse clothing or jewellery. Or perhaps a horse business that provides a service relating to competition preparation, sale presentation, education or something else.