Starting a business is quite similar to standing behind the gates at a racetrack. Your heart is pounding, your brain is engaged to the max, your nerves are firing, and the only thing between you and success is execution. Horse racing is one of the oldest sports in the world, and even though it might seem that it has little to do with startups, if you look closely, you’ll find some incredible startup lessons from horse racing that have allowed the sport to survive for all those years.
We live in a world where more than 50% of startups don’t reach the five-year mark, which is why we could use a horse racing strategy to survive longer.
So, yes, horse racing can teach us plenty about starting a business, from preparation and strategy, to how to survive tough times and how to pick the best timing. Let’s dive deeper and find the useful lessons that we can implement from the horse racing industry when starting a business.
Preparation is Everything
You cannot expect a horse to enter a big championship like the Breeders’ Cup without any training, right? It isn’t like horses are born into elite horse racing; they prepare for it for years.
Even if you look at the top Breeders’ Cup winners from the last couple of years, you’ll find out that the horse was prepared for three long years before competing in the big leagues. You can check it here: https://www.twinspires.com/breeders-cup/winners/
Horses are carefully trained, diets are monitored, and every detail needs to be considered before they even set foot on the track. Yes, they come with potential, but that’s the same as your business idea.
Many business ideas have potential, but they fail due to a lack of preparation, and the same thing goes for the horse racing industry. So, before you even launch your business, make sure you spend quite a lot of time researching, planning, running market validations, and preparing yourself for the journey.
The Importance of a Strong Team
Although horse racing looks like a one-man show, behind the curtains, the situation is different. First of all, there is a whole team behind a horse’s success. We have the jockey, the trainer, the owner providing the money, the vet, the carers, and many other people who give the horse the best foundation for becoming a champion.
Well, the same thing goes for startups. A great idea might get you noticed, but it is all down to the team to carry it forward. You, as a founder, can only do so much, which is why it is really important to hire people who understand your vision, believe in the company and you, and are willing to push hard.
When the team is in sync, the startup runs like a well-trained thoroughbred.
Risk and Reward
Horse racing is often called “the sport of kings,” but it is also one of the riskiest sports out there. A favorite can stumble, and an underdog can win. It is a sport where fortunes can change in seconds.
This kind of reminds me of the business world. Entrepreneurs face the same unpredictability and risk. Launching a startup means accepting that risk is baked into the process. Most people make the same mistake of trying to eliminate risk, which is not possible. The best thing is to find a way to manage it.
Smart jockeys don’t try to control the race; they ride with the flow and make decisions in the moment.
For founders, that means being adaptable, making calculated bets, and accepting that not every move will pay off. But even if you fall, you need to learn how to bounce and get back on the horse.
Pacing for the Long Run
If you are a true horse racing fan, then you’d know that the horses that storm out of the gate the fastest are usually not the ones winning the race. This is a really important strategy, especially for startups.
The best riders know when to conserve energy and when to unleash it. Startups face the same challenge. You are running the entire show, worrying about taxes, products, productions, customer feedback, and millions of other things, which is where burnouts happen.
But remember, don’t try to force everything quickly. It is much better to set up the right stage for the long run. After all, building a company isn’t about sprinting from milestone to milestone – it’s more about balancing short-term hustle with long-term sustainability.
Timing is Everything
One of the most exciting parts of a race is the final stretch, the moment when timing can decide everything. A jockey who unleashes too early risks losing steam, while one who waits too long may miss the chance to pass.
In business, timing can be the difference between a brilliant success and a missed opportunity. Entering a market too soon may leave you educating customers who aren’t ready, while being too late can mean fighting giants who already own the space. The best founders, like the best jockeys, learn to read the conditions and strike at just the right moment.
So, I think we can learn quite a lot from the horse racing industry, right? After all, we are talking about an industry that has survived for centuries, so they must be doing something right.
If you are starting out your business, congratulations! Maybe it’s time to implement some horse racing strategies to help you choose the right path for your company.
