A New Business Straight from
the Horses Mouth
By Lynne Kaye Subler
'Reprinted with permission from the Virginia Horse Journal'
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Kim Keppick stumbled onto a rewarding business
opportunity when, in a last ditch attempt to get her students horse to
relax and accept the bit, she attached one end of a pair of elastic side reins
to the horses bit and handed the other end to her student. As the student
rode off, to her amazement, the horse dropped his head and relaxed. According
to Kim, thats when a light bulb went off for me. To the
horse, the give of the elastic simulated the soft feel of a highly skilled
riders hands.
At first, Kim did not expect the elastic rein
inserts she tinkered with to turn into a full-fledged business. I just
wanted something practical for myself and a few other trainers. She and
the leather workers at Journeymen developed prototypes with all kinds of
different designs. As Kim described, all the designs helped the problem,
but some were too heavy or too bulky or had too much stretch or not
enough. Kim sent the prototypes that worked best to other trainers for
their feedback. The other trainers responses proved that getting a horse
to relax and accept the bit was a common problem. Kim said, thanks to the
positive responses I got from the trainers, and most importantly the horses, I
kept trying different prototypes until I found a design that worked. Then,
having proved that there was a need, I patented the design and turn it into a
business.
Two years and many, many prototypes after Kim
put the elastic side reins onto her students horse, Kim founded Rein-Aid
Productions. Today, Kim can claim to have created a market for elastic rein
inserts and become the President of a very successful company.
Rein-Aid Productions designs, markets and
distributes specialized equestrian products. From its Middleburg, VA
headquarters, the company offers Rein-Aid® elastic rein inserts and
seventeen styles of Elasto-Rein® show reins with the Rein-Aid® feature.
The company keeps two employees busy full-time and uses several more people to
sell the companys products at trade fairs.
Like many entrepreneurs, Kim went into business
without formal business training. She joined the equestrian world as a
full-time competitor after high school and then began training horses and
riders. According to Kim, her training career gave her an understanding
of how and why my products work. Really, the horses were my mentors. As
an international competitor Kim also traveled which she said got her used
to the ways of the world. She credited designing lesson plans and
scheduling lessons efficiently with for her organization skills. Her accounting
skills came from always doing the books for the familythat is, my
husbands farrier business and my own training business.
To make Rein-Aid Productions a success, Kim
also learned a whole host of other skills. I was, and still am somewhat,
a complete rookie in the business world. Looking back--this is actually quite
funny--my original advertising idea was to put two-page, full color ads in all
the best horse publications. Something that would really make a
splash and get peoples attention. Then, I contacted the publications and
got a real shock. At the time, I think one full color page in Practical
Horseman cost $5,000. Needless to say, the cost was way outside the budget in
my business plan.
Unlike many entrepreneurs who would have blown
their budgets to do two page ads or place just a handful of full color ads, Kim
stuck with the budget and the ad frequency in her business plan. I ended
up with 1/6 page black and white ads, she said.
Kim knew to develop a business plan because
Ed Hauswald [a retired Exxon executive and one of Kims students]
told me I needed one. She learned business a piece at a time. Any
idea I had Id bounce off people before and after I acted on them,
Kim recalled. Kims client mix was similar to most trainers client
mixes; it included a number of people with substantial business training and
experience. She asked those clients to share their expertise with her. Then,
she used their advice to guide her business decisions. In a perfect description
of networking Kim said, Ive always respected my clients
and helped them. In return, theyve helped me. For example, I was
exercising race horses for Roy Lerman who is an attorney. I asked him for
advice. He encouraged me to patent the prototype for Rein-Aid® inserts and
put me in touch with very good patent attorneys.
Like any successful person, Kim had some lucky
breaks along the way. She knew she needed big name endorsements before
launching her full-scale advertising campaign. One day, Hilda Guerney, the
legendary dressage trainer, came to Kims trade fair booth to buy a pair
of inserts. Kim capitalized on her lucky break. She recounted, after
Hilda had the inserts for a few weeks, I called her to follow-up. She raved
after the product, so I asked her if shed endorse it. Hilda agreed,
giving Kim the big name endorsement she needed.
As she assessed her business venture so far,
Kim was most pleased by the feedback she received from customers. It
gives me goose bumps every single time someone picks up the phone and says how
much better their horse is going, that happens a lot. Her business has
also been financially rewarding. I care about that, too, she said.
Can my husband get a 72 foot boat yet with the money Ive
madeno. But, hes hoping.
Kims biggest frustration as a business
person was finding a reliable source to actually produce the
Rein-Aids® and Elasto-Reins® in a mass quantity at a quality I find
acceptable. One of my biggest losses has been returning merchandise of quality
I wont even try to sell to the consumer. Like a true entrepreneur
she added, other people dont care about [Rein-Aid] as much as I do.
I guess when somethings your baby, you want it to succeed.
Kim believes she reached her market awareness
goal. In her words, my goal was to build awareness so that people with a
problem with their horses accepting the bit would consider Rein-Aid. Now, I
think most horse people are aware of the product.
Kim believes the large numbers of people that
start riding as adults create a growing market for products like hers.
The adults have full-time jobs, meaning they cannot perfect their riding
skills by riding 15 horses a day for 20 years. Kims goal is to see
every rider with a full-time, non-equestrian job in a pair of Rein-Aids® or
Elasto-Reins®. Eventually I want to license out the patent or sell to
a larger company. But, first I want to grow it because Im passionate
about it.
Kim said the biggest surprise of her career as
a businessperson is how much time it takes. Her advice for other equestrian
entrepreneurs and potential equestrian entrepreneurs is ask advice.
Dont be afraid if you dont know. Also, talk about your ideas to
people. Kim credits the advice she received from people and horses with
helping her become a successful businesswoman.
For further information please visit
www.rein-aid.com
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