January 11, 2013 12:43
by Brenda Stefanson, PAg
Regional Farm Business Management Specialist
Over the years, groups of farmers have worked together to capture business opportunities, allowing the group to accomplish what the individual group-members cannot do on their own. One of the first of many decisions the group must make as they undertake a business venture, is whether they will form as a corporation or a co-operative. Each of these business structures has advantages and disadvantages.
A corporation is a legal entity that has a separate legal existence from its shareholders and directors. Shareholders and directors are not generally personally liable for the debts, obligations or acts of the corporation. Private corporations are formed by one or more people and cannot sell shares or securities to the general public. Public corporations can issue securities to the public but the corporation must file a prospectus with the Saskatchewan Securities Commission, employ outside auditors and distribute semi-annual financial statements.
There are many advantages to operating as a corporation.
• Limited Liability: Generally speaking, a shareholder is only liable to the extent of his/her investment in the corporation.
• Continuity of Existence: The existence of a corporation is not affected by the death or bankruptcy of a shareholder or director.
• Ownership is transferable: Shareholders can sell or transfer shares to others.
• Tax advantages: Accountants and tax professionals are best equipped to assess the tax advantages or disadvantages of the business structure.
Some of the disadvantages of a corporate structure include:
• Corporations can be costly to form.
• Corporations are closely regulated and require extensive record keeping.
• Shareholder control is based on size of investment.
• A large investor could assume control of the corporation.
• Conflict may develop between shareholders and/or between shareholders and management.
A co-operative is a corporation organized and controlled by its members. Co-operatives are separate legal entities and therefore, share the limited liability and other characteristics with corporations. The democratic principle of “one member, one vote” is the characteristic that sets co-ops apart. Profits of the co-operative are distributed among members as patronage dividends.
The advantages of the co-operative structure include:
• Democratic control: The one member, one vote principle ensures co-operatives are owned and controlled by the people who use them.
• Limited Liability: Members are not liable for the debts, obligations or acts of the co-operative.
• Patronage Dividends: Surplus earnings are distributed as shares or cash to members in proportion to use.
There are some disadvantages to using the co-operative structure:
• Member participation determines the success of the venture.
• Decisions may take longer.
• As with corporations, record keeping is extensive.
• There is the potential for conflict between members and/or between members and management.
• There is less incentive for members to invest additional capital.
Corporations and co-operatives share many characteristics and both have been used successfully by groups of farmers to capture opportunities or solve problems.
For more information on this topic contact your Regional Farm Business Management Specialist at 306-946-3214 or the Agriculture Knowledge Centre at 1-866-457-2377.
August 10, 2012 06:53
Smartphones are a new way of taking your information with you, accessing it at a moment’s notice, and sharing that information in a convenient manner. Styles and name brands vary, but the point of a smartphone is to be able to connect with people through up to 3 ways:
1) Web Browsing – This is the easiest to understand, since it is like opening a web page on your computer and surfing the internet, except you can do this right from your phone to look up a product’s website, look up a phone number or address, or look up your favorite news site.
2) Apps – This is short for applications, and these are small parts of software that do various singular tasks. Some of them connect to the internet, and some do not. Facebook is an example of an app, but so is a simple app like a calculator.
3) Email – Smartphones are a wonderful way of streamlining all of your email accounts into one device for easy reference and replying. They are so convenient that you can access them with a touch of a finger. Darryl Tanasychuk,
Mobile Department Visions Electronics 2731 Faithful Ave Saskatoon,
Saskatchewan S7K 7C3
email@example.com 306-664-3666 Phone 306-664-4441 Fax
August 3, 2012 14:45
Drawing and painting horses has come naturally to Vivian Harder and is always at the heart of her work in Thunderfoot Studio. She has owned horses her entire life, knows their anatomy intimately, and strives to bring their spirit and power to every painting she does.
Harder’s artistic talent appeared in early childhood and she sold her first horse painting at age 14. After graduating art school, she started out by freelancing logos and brochures.
“It was a job but I had no passion for it. I decided I wanted to work in the horse industry and paint horses. I live in Langley B.C., where every farm has horses, so I was lucky that a market for my work existed here.”
Harder describes the development of her equine art business as an “ongoing dance”. This dance includes attending endless trade and art shows, handing out brochures, getting into galleries, volunteering, networking with the equine industry, and painting, painting, painting. No two days are ever the same. She may be creating packaging graphics for horse treats one minute and finishing a commission of galloping horses the next.
“I always start my equine paintings with accurate illustrations, drawing inspiration from photos, memories and reference material from my horsey lifestyle; then I put those things aside and let my free spirit take me where it will.”
Harder’s joy is working with horses and their people, learning something new each day and finding creative freedom. Her greatest challenge is in marketing, as it is for so many equine businesses. She would prefer to just paint and not have to work the business side, but she knows that is unrealistic.
Overcoming such a challenge is not easy. Harder has joined equestrian and artist groups whose members offer support and networking opportunities. Aside from talent, the advice she offers to those who would like to start a career in equine art is to be outgoing, find your market and introduce your work to them. It is important to be visible.
Future plans for Thunderfoot Studio include seeking more representation. Harder feels that the less time she spends on marketing, the more time she can spend in her studio, where luminous colors and sleek equine images bloom, and she can continue creating the fresh, imaginative work that is uniquely hers.
Vivian Harder’s life-long joy has been sharing her art with others and she is known for her unique style of painting, which combines realism with the creativity of vibrant, sensual strokes of color in oils and watercolors. A love of animals and nature, combined with a compelling desire to draw and paint have been the artistic driving forces in Vivian’s life since she was a young child. Visit Vivian at www.thunderfootstudio.com
Carol Upton (604) 886-8951
Dreams Aloud Promotions
~ Linking your dreams to the world
July 13, 2012 17:16
Human beings are embracing natural wellness for themselves these days and Amanda Duerr is doing much the same for equine athletes with her Saskatchewan-based Performance Equine Therapy. Duerr’s mission is to provide quality Equine Chiropractic, Massage Therapy and Acupressure, but also to help educate owners so they may care for their equine partners at a higher level. She promotes wellness through injury prevention and health maintenance.
Duerr grew up on a farm where horses were a part of daily life. Her family encouraged both the competitive and recreational sides of horses. Duerr subsequently spent every summer at shows or rodeos, took strongly to the performance/sport horse area and studied for years with different industry professionals. She developed a passion for animal health and decided to pursue a career caring for equine athletes.
“I set my standards high in gaining experience in sports therapy and equine rehabilitation,” says Duerr. “The demand for quality equine therapy programs for Canadian horses was strong and this led to the start-up of Performance Equine Therapy.”
Duerr’s business is unique in that her programs are developed, in collaboration with owners, coaches and trainers, according to each horse’s specific needs. She takes pride in offering full spectrum care and a holistic approach based on sound medical knowledge. A typical day is extremely busy and may include working in a clinic atmosphere, attending to horses that are hauled to appointments, or going on the road to individual barns. Duerr says she finds her joy in seeing results in the horses.
“Whether it’s helping horse and rider reach a higher performance level, working on a maintenance program or simply achieving better life quality, it all comes down to a healthier, happier horse.”
One of Duerr’s biggest business challenges is juggling appointments while on the road. She asks owners to provide her 48 hour notice of rescheduling and she also leaves small spaces in her day so that cancellations or changes do not create insurmountable difficulties.
Duerr suggests that anyone interested in starting an equine therapy business ought to acquire as much education and experience in the field as possible. She equates success with the amount of drive a person has to better themselves and for her that means staying current on new therapies, being an active member of the horse industry and attending seminars on a regular basis.
Future plans for Performance Equine Therapy include new program and resource development. Simply put, Duerr loves her healing work and sees in it endless benefits to both horse and rider.
About Amanda Duerr
Amanda Duerr is a Certified Equine Therapist who has been providing chiropractic/massage care for several years. Her gentle holistic approach and natural solutions for common health issues have improved the lives and performance capabilities of horses throughout Saskatchewan, Alberta and Manitoba. When she’s not working, she trains barrel horses and participates in rodeos. Visit Amanda at: www.performance-equinetherapy.com
Carol Upton (604) 886-8951
Dreams Aloud Promotions
~ Linking your dreams to the world
July 6, 2012 06:29
Most horse-lovers find themselves entranced by the sight of the regal Andalusian. We may have seen them in such fantasy epics as The Lord of the Rings and The Chronicles of Narnia, or watched them turn in a breath-taking Grand Prix performance. They are one of the oldest and noblest breeds of horse in the world, unforgettable to see no matter what discipline you may favour.
Cuatro L Andalusians, located on 4,000 acres in Wainwright, Alberta, is the largest exclusively Pura Raza Espanola (PRE - translated as “Pure Spanish Horse”) breeding facility in Canada. They have the widest selection of horses for sale, at all ages, genders and levels of training.
Cuatro Owner Carlos Lara, who has been riding since the age of 4, has a great passion for horses, handed down to him by his father. After moving from Mexico to Canada, he searched for a business he could love that would also remind him of his home country and breeding the Spanish/PRE horse has fulfilled this criteria.
Photo credit Johane Jenelle
Honouring four generations of equine tradition, Cuatro L Andalusian Breeding Centre was established in 1999 by Carlos and Brenda Lara to bring Spanish bred Andalusians to North America. They identified Canadian demand for these horses, spent four months in Spain to find the best breeders, and decided on the foundation stock that they then shipped to Canada as their first herd.
The Laras see their mission as the introduction of the versatile Andalusian to Canada, for use not only in dressage, but for riders of all disciplines. It is their goal to increase the popularity of the breed in Canada. At the Centre, they continually demonstrate that the Andalusian is not only a good option in competitive riding, but in some areas also the best, due to athletic ability, intelligence and amazing disposition.
“The PRE horse, with exceptional character and willingness to please, is one of the easiest to train,” Lara explains. “They are also incredibly athletic and brave, since they were used for centuries in war and in bull fighting.”
Photo credit Johane Jenelle
Horse care, breeding, work with foals, maintenance of the grounds, and training are all part of a typical day at Cuatro. Currently, there are 12 horses in training from green broke to Grand Prix level. As the facility is only open to the public April to September, they are now in the midst of their busiest season.
The Laras cite discipline, hard work, perseverance, and a passion for horses as essential qualities for working in the breeding business. Lara sees his Latin American background and extensive experience in the PRE horse industry as a particular strength in offering the best Andalusians in Canada and in educating the equine enthusiast population in all aspects of the PRE horse.
Future plans include a stronger marketing and promotion campaign. Cuatro’s exceptional Andalusians are a powerful testament to the obvious passion the Laras have for everything they undertake. That leaves no doubt that they will reach the next level with their larger vision of ultimately providing horses for export to the United States.
Cuatro L is the largest exclusively Pura Raza Espanola (PRE) breeding facility in Canada and they focus only on the ancient Cerrado en Bocado bloodline. Nothing is spared to produce animals of the very best caliber. Visit Cuatro and the Laras at: http://www.andalusianbreeder.com
Carol Upton (604) 886-8951
Dreams Aloud Promotions
~ Linking your dreams to the world
June 2, 2012 10:28
Hello and Welcome!
Blogging and social networking as a communication environment is one of those great mediums that we are very excited to be a part of.
Our clear objective in joining all of you at HorseOwnerToday is to post information on the web about risk management and insurance as it relates to horses and equine activity for everyone’s benefit.
That said, let me tell you about myself and how I got to where we are today.
Some of you may know me as, Mike King the “Insurance guy”. I am proud to say that my articles regarding insurance over several years in a variety of publications and public speaking Q and A sessions across Canada have been read and seen by a wide and large audience.
However, many of you may not know that I have been involved in the horse industry for more than 40 years – riding, training, managing a barn, competing, teaching, judging, horse show organizing. I seem to have seen just about all of it – and for the last 17 years I have been a dedicated insurance broker specializing in the development and delivery of insurance products and services across Canada – all related to horses.
Drawing on these years of interacting with horses and their people there is no doubt in my mind that the basic needs of the equine community are the same no matter where the horses are. We all thirst for information on ways to deal with life with horses and the best information comes from others who have been there, done that.
I am hopefully that over time, I can share solid, consistent and non-partisan information about many insurance related topics including:
a) What insurance is (and what it is not)
b) How you can use insurance to your advantage
c) How to avoid duplication in coverage
d) What type of insurance you ‘really need’ for you and your horse
This great thing about this site and blogging in general is that all of us get to have a conversation and with that all said, I really hope to hear from you with questions/comments – whatever!
Mike King is the horse industry specialist at Capri Insurance and is responsible for the risk management and insurance programs which benefit various regional, provincial and national equine associations.
June 1, 2012 14:27
Heather has been providing quality financial and tax services to clients in the Kamloops area for over 20 years. Heather’s focus is on owner-managed businesses. She provides assurance, business advisory and taxation advice as well as support for electronic accounting programs such as Quickbooks and Simply Accounting. Heather takes pride in providing personal service to clients which is reflected in the high level of confidence they place in her.
Heather began her public practice career in 1989 with a local firm and joined Munro & Company in 1995. She received her Certified Management Accountant designation in 2000. When not working, she enjoys traveling, adding to her penguin collection and reading.
Heather will be a featured blogger in "Equine Enterprise".
June 1, 2012 14:14
By Carol M. Upton
As a young girl, Randi Thompson dreamed she was a horse. She says that was the beginning of a life long journey where the spirit of the horse inspired her to reach heights that she never could have imagined. Today, Thompson is CEO and Founder of the award-winning How to Market Your Horse Business and Horse and Rider Awareness, and is internationally recognized for her pioneering work in social media.
How to Market Your Horse Business was launched experimentally on Facebook in February 2010 to see if it was possible to create effective marketing without a website. Over 600 people joined the fan page in the first week. Since then, it has grown even more rapidly, been featured in national equestrian publications and won multiple awards, including the Equestrian Social Media Awards (2011/2012) and the Top Ten Best Small Business Facebook Pages for Social Media Examiner (2011).
What does all this mean to the average horse business owner? In a nutshell, you can do it too.
Thompson says, “If you are in the horse business, do yourself a favor. Get into social media and see what it can do for you and your career.”
A typical day for Thompson includes networking behind the scenes, creating educational content, programs and products that make online equine business marketing so much easier. Future plans include live events and a TV show.
Thompson lives her belief that business opportunities are only limited by imagination. Her own inspiration comes from seeing those around her succeed. She was delighted to find that this year, most of the finalists and winners of the Equestrian Social Media Awards were fans of How to Market Your Horse Business.
“Once people discover how to create online comments that sell and engage people, they will find that their business will take off in ways they do not expect.”
Time is a major challenge for Thompson, as it is for all business owners. In her other enterprise, Horse and Rider Awareness, she trains dressage riders for competition. She continues to expand by creating online programs for horse trainers and instructors.
We hear much these days about following our passions and living our dreams. Thompson is a strong example of this vision. Whether you have been working with social media or are thinking about it, How to Market Your Horse Business is the perfect place to discover the most effective ways to market yourself online or anywhere.
Randi Thompson is internationally recognized in social media for her award winning “How to Market Your Horse Business” and “Horse and Rider Awareness." She is a keynote speaker at national events, author, and expert legal consultant for the horse industry.
November 1, 2011 19:13
Ever wonder what it feels like to live like the superrich? Decked-out megayachts, private jets and lavish jewels are all perks of being a billionaire. But behind the glitz and glamour is a road to success paved with hard work, determination and unyielding passion.
"20/20" stepped into the lives of four entrepreneurs who are redefining what it means to be successful and got a glimpse of what they are doing to give back. Zappos.com CEO Tony Hsieh; the owner of Patriarch Partners, Lynn Tilton; the creator of Cirque du Soleil, Guy LaLiberte; and Paul Mitchell founder John Paul DeJoria have offered up their keys to success, both in business and in life. Read on to find out how they made their billions.
1. Figure out what you're so passionate about that you'd be happy doing it for 10 years, even if you never made any money from it. That's what you should be doing.
2. Always be true to yourself.
3. Figure out what your values are and live by them, in business and in life.
4. Rather than focus on work-life separation, focus on work-life integration.
5. Don't network. Focus on building real relationships and friendships where the relationship itself is its own reward, instead of trying to get something out of the relationship to benefit your business or yourself.
6. Remember to maximize for happiness, not money or status.
7. Think about what your definition of success really is. Is it externally driven or internally driven?
8. Get ready for rejection.
9. Success unshared is failure. Give back -- share your wealth.
10. Successful people do all the things unsuccessful people don't want to do.
11. Values and ethics always come first.
12. Don't lie, cheat or steal for one penny or one dollar -- ever.
13. Business with bad people is always bad business.
14. You have to learn that you can walk away from someone that you care about for the greater good.
15. When my management teams come into the room, I hug them, I give them truth and "harsh speak" when they're in, and then I hug them on the way out.
16. The truth is cold and hard, but it's the first point on the path to hope and salvation.
17. Don't do what you do for the money. Whatever path you choose, do it because it makes your heart beat fast.
18. If you do good, good will come back to you.
19. You have to be fundamentally engaged and honest toward yourself.
20. Live your life full throttle. Take risks!