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5 Steps on Starting Your Own Horse Racing Club

5 Steps on Starting Your Own Horse Racing Club

Horse racing is not just a regular sport because some even consider it as a part of their lifestyle. This is why it is no wonder for some horse racing fans to start their very own horse racing club not just to feed their own interests but in order to start up their own business as well.

Starting your own horse racing club is not that easy because there will be different requirements depending on the state that you are in. However, there are general guidelines that you need to know about in order to abide by the rules that this regulated industry and the government have set up. Here are 5 simple steps that you should take when starting your very own horse racing club.

1. Securing Your Own Headquarters

The horses that you are going to host for the races need a lot of space to move around. This is the first thing that you have to consider which means the area of your headquarters would also include a race track on which the horses can run around in.

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Normally, 50 up to 100 acres of land are needed in order to start out your own horse racing club. If you can afford to have bigger headquarters then that would be much better but the minimum area of land mentioned above should be enough to jumpstart your project.

2. Acquire a License

Each state has their own racing commission where you can acquire a license for starting your own horse racing club. Requirements may vary from one state to another that is why you need to inquire at your local racing commission to get a hold of this. The most common requirements are an application form that includes some personal information, valid ID and a processing fee. You need this license in order to make your operations legal. Otherwise, you would face a legality complaint from the government.

3. Join the National Thoroughbred Racing Association

National Thoroughbred Racing Association is the recognized organization for horse racing businesses in all of the United States. By joining this prestigious club, you are able to acquire contacts and clients who can help you with your small business later on.

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You also need to keep in touch with connections and have them associated to your horse racing business in order to add further legitimacy and eventually make you known around the industry. This is your basic way of making public relations with people who are in the same industry as your business.

4. Start Breeding Your Own Horses

If you do not have a few horses of your own then you can start out by purchasing horses from other horse racing companies. It would be up to your expertise in finding the best thoroughbred horses out there and this can be very crucial to your business because these horses will serve as your primary horses in order to start your own breed.

Keep in mind that you are able to get better deals if you try to purchase multiple horses instead of buying one at a time. Some horse racing companies even give out free thoroughbred horses if you buy good breeding stock.

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5. Register the Horses with the Jockey Club

The Jockey Club is the organization responsible for keeping track of husbandry records in all of United States, Canada and Puerto Rico. They are the commission who are in charge of overseeing the thoroughbred horse racing industry. The club has their own Stud Book that keeps the list of all the registered horses under their organization. Horses that are not registered under this commission will not have much value once they are sold to other horse racing businesses.

By following these five steps mentioned above you are able to start your very own horse racing club. It cannot be promised that this business venture will be able to take in a lot of money for you because most of the successful horse racing businesses start out of pure passion and eventually succeed.

It may take some time before you are able to reap the benefits of this venture once the horses that you breed start to win competitions and make a name for your company. Success would not happen overnight but with perseverance – then everything can be possible.

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Aside from starting your own horse racing business, there are also other forms of revenue sources that you can take advantage of out of a horse racing club. You can also give horseback riding entertainment for visitors or organize horse riding holidays to make your horse racing club not just a place for horse enthusiasts but also make it a spot for families who simply want to enjoy their time around horses.

Starting your own horse racing club is not that easy but it is definitely fun and worth your time and efforts as long as you are passionate about it.

Featured photo credit: MakeMyTrip via makemytrip.com

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Last Updated on July 16, 2019

7 Powerful Habits To Win In Office Politics

7 Powerful Habits To Win In Office Politics

Office politics – a taboo word for some people. It’s a pervasive thing at the workplace.

In its simplest form, workplace politics is simply about the differences between people at work; differences in opinions, conflicts of interests are often manifested as office politics. It all goes down to human communications and relationships.

There is no need to be afraid of office politics. Top performers are those who have mastered the art of winning in office politics. Below are 7 good habits to help you win at the workplace:

1. Be Aware You Have a Choice

The most common reactions to politics at work are either fight or flight. It’s normal human reaction for survival in the wild, back in the prehistoric days when we were still hunter-gatherers.

Sure, the office is a modern jungle, but it takes more than just instinctive reactions to win in office politics. Instinctive fight reactions will only cause more resistance to whatever you are trying to achieve; while instinctive flight reactions only label you as a pushover that people can easily take for granted. Neither options are appealing for healthy career growth.

Winning requires you to consciously choose your reactions to the situation. Recognize that no matter how bad the circumstances, you have a choice in choosing how you feel and react. So how do you choose? This bring us to the next point…

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2. Know What You Are Trying to Achieve

When conflicts happen, it’s very easy to be sucked into tunnel-vision and focus on immediate differences. That’s a self-defeating approach. Chances are, you’ll only invite more resistance by focusing on differences in people’s positions or opinions.

The way to mitigate this without looking like you’re fighting to emerge as a winner in this conflict is to focus on the business objectives. In the light of what’s best for the business, discuss the pros and cons of each option. Eventually, everyone wants the business to be successful; if the business don’t win, then nobody in the organization wins.

It’s much easier for one to eat the humble pie and back off when they realize the chosen approach is best for the business.

By learning to steer the discussion in this direction, you will learn to disengage from petty differences and position yourself as someone who is interested in getting things done. Your boss will also come to appreciate you as someone who is mature, strategic and can be entrusted with bigger responsibilities.

3. Focus on Your Circle of Influence

At work, there are often issues which we have very little control over. It’s not uncommon to find corporate policies, client demands or boss mandates which affects your personal interests.

Gossiping and complaining are common responses to these events that we cannot control. But think about it, other than that short term emotional outlet, what tangible results do gossiping really accomplish? In most instances, none.

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Instead of feeling victimized and angry about the situation, focus on the things that you can do to influence the situation — your circle of influence. This is a very empowering technique to overcome the feeling of helplessness. It removes the victimized feeling and also allows others to see you as someone who knows how to operate within given constraints.

You may not be able to change or decide on the eventual outcome but, you can walk away knowing that you have done the best within the given circumstances.

Constraints are all around in the workplace; with this approach, your boss will also come to appreciate you as someone who is understanding and positive.

4. Don’t Take Sides

In office politics, it is possible to find yourself stuck in between two power figures who are at odds with each other. You find yourself being thrown around while they try to outwit each other and defend their own position; all at the expense of you getting the job done. You can’t get them to agree on a common decision for a project, and neither of them want to take ownership of issues; they’re too afraid they’ll get stabbed in the back for any mishaps.

In cases like this, focus on the business objectives and don’t take side with either of them – even if you like one better than the other. Place them on a common communication platform and ensure open communications among all parties, so that no one can claim “I didn’t say that”.

By not taking sides, you’ll help to direct conflict resolution in an objective manner. You’ll also build trust with both parties. That’ll help to keep the engagements constructive and focus on business objectives.

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5. Don’t Get Personal

In office politics, you’ll get angry with people. It happens. There will be times when you feel the urge to give that person a piece of your mind and teach him a lesson. Don’t.

People tend to remember moments when they were humiliated or insulted. Even if you win this argument and get to feel really good about it for now, you’ll pay the price later when you need help from this person. What goes around comes around, especially at the workplace.

To win in the office, you’ll want to build a network of allies which you can tap into. The last thing you want during a crisis or an opportunity is to have someone screw you up because they harbor ill-intentions towards you – all because you’d enjoyed a brief moment of emotional outburst at their expense.

Another reason to hold back your temper is your career advancement. Increasingly, organizations are using 360 degree reviews to promote someone. Even if you are a star performer, your boss will have to fight a political uphill battle if other managers or peers see you as someone who is difficult to work with. The last thing you’ll want is to make it difficult for your boss to champion you for a promotion.

6. Seek to Understand, Before Being Understood

The reason people feel unjustified is because they felt misunderstood. Instinctively, we are more interested in getting the others to understand us than to understand them first. Top people managers and business leaders have learned to suppress this urge.

Surprisingly, seeking to understand is a very disarming technique. Once the other party feels that you understand where he/she is coming from, they will feel less defensive and be open to understand you in return. This sets the stage for open communications to arrive at a solution that both parties can accept.

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Trying to arrive at a solution without first having this understanding is very difficult – there’s little trust and too much second-guessing.

7. Think Win-Win

As mentioned upfront, political conflicts happen because of conflicting interests. Perhaps due to our schooling, we are taught that to win, someone else needs to lose. Conversely, we are afraid to let someone else win, because it implies losing for us.

In business and work, that doesn’t have to be the case.

Learn to think in terms of “how can we both win out of this situation?” This requires that you first understand the other party’s perspective and what’s in it for him.

Next, understand what’s in it for you. Strive to seek out a resolution that is acceptable and beneficial to both parties. Doing this will ensure that everyone truly commit to the agreed resolution and will not pay only lip-service to it.

People simply don’t like to lose. You may get away with win-lose tactics once or twice but very soon, you’ll find yourself without allies in the workplace.

Thinking win-win is an enduring strategy that builds allies and help you win in the long term.

Featured photo credit: Unsplash via unsplash.com

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