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Building an Equestrian Empire: Insights from Stephen's Livery Business Success
In this episode of "Let's Talk Horse Business," George interviews Stephen, a remarkable entrepreneur who has transformed his passion for horses into a thriving livery business in just three years. From humble beginnings with his own horses, Stephen shares his journey of building multiple livery yards and the challenges he faced along the way. He discusses the importance of hard work, passion, and the right partnerships in achieving success. Listeners will gain valuable insights into managing a livery business, the significance of team dynamics, and strategies for navigating the industry's challenges, including pricing and staff retention. Stephen emphasises the need for structure and support within the equestrian community, encouraging aspiring business owners to believe in themselves and seize opportunities.
KEY TAKEAWAYS
-
Embrace Opportunities: The journey into the livery business began during the COVID-19 pandemic, highlighting the importance of seizing opportunities even in challenging times. Instead of succumbing to negativity, it's crucial to recognize potential and take action.
-
Passion and Mental Health: Maintaining passion for the work is essential. If the love for the business diminishes, it may be time to reassess involvement. Prioritizing mental health and ensuring a positive work environment is key to long-term success.
-
Team Structure and Support: Building a strong team is vital for scaling a livery business. Providing clear roles, opportunities for training, and a supportive environment can help retain staff and improve overall morale. It's important to treat team members as valuable contributors rather than just labor.
-
Profitability and Investment: Profit is necessary for sustainability, but it should be reinvested into the business to improve facilities and services. Understanding the financial aspects and having a clear pricing strategy can help ensure the business remains viable.
-
Continuous Learning and Networking: Knowledge is power in the equestrian industry. Engaging with others, asking questions, and being open to learning can lead to new ideas and improvements. Networking with peers can provide valuable insights and support for growth.
Socials
https://www.instagram.com/gbetson/
www.tiktok.com/@georgebetson
About the Host
George Betson is a seasoned business entrepreneur with over a decade of experience, driven by a passion for both strategic business growth and the equine world. Starting his journey as a business graduate, George worked alongside his late father to run the family business, learning firsthand the value of hard work, resilience, and the essentials of building a successful enterprise.
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By George BetsonIn this episode of "Let's Talk Horse Business," George interviews Stephen, a remarkable entrepreneur who has transformed his passion for horses into a thriving livery business in just three years. From humble beginnings with his own horses, Stephen shares his journey of building multiple livery yards and the challenges he faced along the way. He discusses the importance of hard work, passion, and the right partnerships in achieving success. Listeners will gain valuable insights into managing a livery business, the significance of team dynamics, and strategies for navigating the industry's challenges, including pricing and staff retention. Stephen emphasises the need for structure and support within the equestrian community, encouraging aspiring business owners to believe in themselves and seize opportunities.
KEY TAKEAWAYS
-
Embrace Opportunities: The journey into the livery business began during the COVID-19 pandemic, highlighting the importance of seizing opportunities even in challenging times. Instead of succumbing to negativity, it's crucial to recognize potential and take action.
-
Passion and Mental Health: Maintaining passion for the work is essential. If the love for the business diminishes, it may be time to reassess involvement. Prioritizing mental health and ensuring a positive work environment is key to long-term success.
-
Team Structure and Support: Building a strong team is vital for scaling a livery business. Providing clear roles, opportunities for training, and a supportive environment can help retain staff and improve overall morale. It's important to treat team members as valuable contributors rather than just labor.
-
Profitability and Investment: Profit is necessary for sustainability, but it should be reinvested into the business to improve facilities and services. Understanding the financial aspects and having a clear pricing strategy can help ensure the business remains viable.
-
Continuous Learning and Networking: Knowledge is power in the equestrian industry. Engaging with others, asking questions, and being open to learning can lead to new ideas and improvements. Networking with peers can provide valuable insights and support for growth.
Socials
https://www.instagram.com/gbetson/
www.tiktok.com/@georgebetson
About the Host
George Betson is a seasoned business entrepreneur with over a decade of experience, driven by a passion for both strategic business growth and the equine world. Starting his journey as a business graduate, George worked alongside his late father to run the family business, learning firsthand the value of hard work, resilience, and the essentials of building a successful enterprise.