Posted by Rick Kr on June 09, 2009 at 05:40:12 from (198.208.159.17):
In Reply to: I think I've had it posted by Jason, NW Ontario on June 08, 2009 at 20:27:33:
I think you got all the feedback you need. Is this a business or hobby? Looking at your website it says business. But business is tight right now. So you need to adjust the size of your business to meet demand.
If you want a Hobby: 1 or 2 horses the rest go. Maybe 1 for each child. Then the out of pocket horse costs are for your familys enjoyment, not to pay the bills.
If you want a Business: Run it just like any other business. Build your business model, cash flow in/out. IF cash flow in is big you reinvest in the business, if money is tight, your model would say sell some of the horses. (which sounds where you're at now)
By sitting down reviewing your liabilities vs. assets, it becomes a business decision, not an emotional one.
Just my thoughts. Don't know your situation, but it appears you have tried to expand a hobby into a business, which many people do. If that is the case, "business" decisions need to be made.
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