Why Do So Many Horse Boarding Stables Go Out Of Business?

I was talking to a man the other day who was appraising our farm for the bank who we were refinancing our business loan with.  He has been in the agriculture business for many years and has seen many horse farms in the Midwest area and he was telling me that many of them go out of business after the first couple of years and the reasons were usually always the same. Poor barn management and business skills.  He went on to tell me that many of these horse boarding facilities were beautiful new barns with many wonderful amenities and so much to offer.  These places had no problem bringing in boarders but they had a big problem keeping them.  The turnover was extremely high. Another common thread to these barns going out of business was the lack of business skills the barn owners had and they would