This seminar covers both options of leasing space or buying real estate, when starting your pet care business. Teija will discuss the risks and rewards of both scenarios and in what situations one might be a better option over the other. Topics covered will include legal aspects of each option, financial consequences of each option, how each option relates to the growth of your business, and how each option affects the future sale of your business.
Your pet boarding business needs capital to thrive. Whether you are newly launched, expanding in your current space, looking to acquire another business or build from the ground up, knowing when and how to apply for a loan is critical for success. In this presentation, we will look at the uses and applicability of debt versus equity, how to prepare your business for a loan, what banks look for when assessing a pet boarding business, and explore common myths and misunderstandings around financing a business. We will also cover some of the benefits (and risks) of utilizing debt to own, rather than rent, your business real estate. Finally, we will highlight some of the drawbacks of taking on too much debt before you’re ready.
In this seminar, Ritch will cover topics on animal housing and how current trends are changing the way manufacturers are designing their equipment. Recent studies have focused on animal welfare while in boarding and this has encouraged manufacturers to design equipment for the mental well-being of the animal, with comfort and practicality now being a requirement. With the public becoming more and more educated about the environment their animal companion is exposed to, it is important to make sure you are in on the future of boarding trends.