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Returning phone calls promptly costs you nothing and adds value to your business. Jeff Cota

So, You Want to Run a Farrier Business?

Master the essential habits, expense management & tax strategies to build a profitable enterprise

Takeaways

  • Simple, cost-free behaviors, such as returning phone calls promptly, arriving on time and maintaining a clean work area, significantly add value to your business and build client trust.
  • Vehicle costs, such as fuel, maintenance, insurance and depreciation, are among your highest expenses and must be factored into your pricing.
  • Use a Schedule C form to track profit and loss, and explore strategies to reduce tax burdens, such as contributing to tax-deferred retirement accounts like an IRA.

Learning to shoe horses for a living is not the easiest job to attempt. It can be rewarding if you go about it the right way.

Certainly, the beginning starts with horse handling skills or riding and training experience. Next comes the basics, like learning normal anatomy, conformation and function. Then we progress to hoof trimming and how that affects the horse. Horseshoe selection, fitting and modifications follow, ultimately leading to attaching the shoes and finishing the job. All done, let’s move on to the next horse, right? Not so fast!

Unless you are just shoeing your own horses, now you are running a business either part- or full-time. Beyond the actual physical part of working on horses, what else needs to happen to run a successful business and enjoy a full career in this profession?

There are two other aspects that are essential to success. First, there is the personal aspect of how you conduct yourself, the second is the behind-the-scenes business aspect. Successful farriers practice the following behaviors.

  • Return phone calls…
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Steve kraus 2

Steve Kraus

Steve Kraus, CJF, is Cornell University’s head of farrier services and senior lecturer for large animal surgery. He has been a farrier for more than 45 years.

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