Lake Erie College introduces new equine entrepreneurship major
Lake Erie College has added a new major in equine entrepreneurship to prepare students for a career in the $39 billion equine industry.
The equine entrepreneurship degree program is a multi-disciplinary approach focusing on the core business management and equine studies courses required to be a successful entrepreneur in the equine industry. This particular program will unite strong business acumen with equine knowledge base and skills that are essential to the success of all equine ventures.
“Lake Erie College is honored to be the first in the nation to offer a major in equine entrepreneurship,” said Stephanie D. Huffman, associate dean of Equine Studies. “The need for strong entrepreneurial skills is evident in the equine industry with approximately 3-out-of-5 animal trainers being self-employed.”
Olympic hopeful Nancy M. Smith, a 1978 graduate of Lake Erie, said, “In today’s billion-dollar, multi-national horse industry, it isn’t enough to be able to ride and train horses. In order for a business to succeed, one must be well versed in people skills and have strong business acumen.”
Through the coursework, students will gain an understanding of the scope of the equine industry and its economical value to society. Students will also obtain the management skills necessary for a successful venture development in the equine industry. Furthermore, the program includes a consulting experience with equine business ventures and experience in the development of a business plan for a start-up equine venture. Equine health care and prevention is also explored within the new major.
John Meehl, the director of the Center for Entrepreneurship believes, the approval of this major, is just the beginning of a portfolio of majors in entrepreneurship for Lake Erie College.
"The equine entrepreneurship program is designed for the equestrian who’s looking for ways to make a significant mark on the equine business world,” said Kate Kunka, a 2007 Lake Erie graduate and current graduate student at the Michigan State University Law School. She added, “The major will provide a solid foundation to build a successful career working with the animals in which they have a passion."