How many years did it take until we started making a profit boarding horses?
If you are setting up your barn and business and have a good accountant, there is a good chance he will tell you it takes about five years before most businesses start making a profit of any kind. Now I know there are those that have made a profit much sooner but the statistics show that five years seems to be the magic number for many.
David and I probably would have started making some kind of profit around the fourth year but it took us about eight years only because of some huge mistakes we made early on in our business venture. We had to fire our first builder and then we also had problems with our second contractor and those mistakes ended costing us tens of thousands of dollars more to get our barn up and going. That extra money that we had to borrow set us way back in our finances so our profit margin disappeared completely.
David and I both truly believe that if we didn't have to borrow the extra money during the construction of our barn we would have been making a profit around the fourth year of business. We both worked outside the barn for many years. I worked full-time for seven more years while still running the barn and was finally able to quit. David still works during the summer and fall.
I do believe you can make a profit boarding horses but you need to be very smart and conservative right from the beginning. It might mean working seven days a week for much longer than you intended to. If you talk to any successful business owner they will tell you that to get their business to where it is today they had to put in extremely long hours and sacrifice.
I am going to be the first to tell you that you can make a good living boarding horses! If you are ready to work harder than you ever have before and have a good foundation for your barn and business than anything is possible. Don't give up on your dreams but just be smart when it comes to making them a reality.
Thank you Chelsea for the question,