Showing posts with label racehorse partnerships. Show all posts
Showing posts with label racehorse partnerships. Show all posts

Thursday, 15 June 2017

The Three Keys to Successful Trainer : Owner Relationships – Communicate, Communicate, Communicate


In early days when I did a lot of management training, I used to joke that the vast majority of people believe that they are good in bed, great car drivers and excellent communicators. Occasionally people would take offence, as some probably will do about this blog, and there were always a few who, for whatever reason, immediately admitted that they were terrible at all three. My response was always the same – while I wouldn’t dare comment on the first two, I would be pretty confident that very few would pass the test of excellence in communication. I then used to set up a series of exercises involving video recording of different types of communication that pretty quickly proved that I was right.

Interestingly, if you talk to trainers about communication the distribution is always massively skewed to their perception that they are good at it. Alas, in my experience it is the same as in the management training scenario –a very small number indeed are consistently and reliably good at communicating with owners. Having made that statement, these would be my ten tests of excellence. Why not rate your own trainer(s) out of 10 and see what score they get. I’ll leave it to others to assess their prowess in other fields of activity!?!
  1. Asking owners about communication. In all my years of owning horses not one trainer has ever asked me any questions whatsoever about how I would like them to communicate with me, with what frequency, through which medium and about which aspects of the horse’s development and performance. Not a good start.
  2. Authenticity of communication. Any idiot can communicate, but the question is whether it is meaningful, genuine, honest and authentic. We can all sense immediately when we are not being spoken to in a truthful and timely manner. I have encountered the full range of this in my ownership career, from meaningful and helpful through to downright deceptive and pointless. Hardly surprising that none of the trainers at the negative end of the scale lasted very long.
  3. Frequency of communication. If trainers bothered to talk to me about this, I’d always say that my communication preference is for regular, weekly updates, ideally on a Sunday morning, by phone or email. As I always do a Sunday update on our horses, this would help me enormously. Even now, I still have to chase some trainers. They should be the proactive ones, not me. After all, it’s my choice whether to go to or stay with them, or not.
  4. Using the channels of communication. There have never been more channels, and different types of medium to select. Trainers can communicate by phone, fax, email, blogs, Twitter, Facebook, WhatsApp, with photos, videos, audio messages etc. They can even try face-to-face. That mix of communication, and how it is best used, can only really be clear if Question 1 has been followed – “How do you want me to communicate with you?”
  5. Communicating setbacks. Absolutely vital that if a horse has any setback, no matter how minor, owners know about it as soon as possible. A number of years ago a trainer even had the audacity to geld my horse without my being aware of it. Correction, I should have said “ex-trainer”!
  6. Race planning and communication. Some trainers enter every race imaginable for your horse without any proper discussion. Some then do the same on selecting the race. Not only can that waste a huge amount of money, but it is extremely frustrating, particularly if you are organising partnerships or syndicates. Owners need at least an indication of the probability of a run so as to make plans to attend.
  7. Raceday communication. Ideally, owners meet up with the trainer on the track before the race in a relaxed way, for a highly personalised briefing. Not easy, particularly on a busy race-day when the trainer has other runners. All too frequently you meet with your trainer while the horse is being saddled up, and if the trainer can’t attend it is with a member of staff who doesn’t really know you. That doesn’t give much time for meaningful dialogue, particularly with a large ownership group.
  8. Immediate post-race communication and feedback. We all know as owners that we are dealing with disappointment probably, on average, nine races out of ten. If there is an area where trainers need to excel, it is in dealing with that disappointment. It is vital for there to be balanced communication that looks for the positives while also dealing with the negatives in a realistic and sensible manner.
  9. Communication the day after a race. It is absolutely vital that the trainer or a member of their staff contact you the next day with an update on the horse, particularly if there is a possibility of a physical issue or injury. Again the ideal is a communication coming out around a fixed time, such as 10:00. That way the horse can have been examined and trotted out. Vets can also have made an assessment.
  10. Communicating expectations and key decisions. The famous phrase is that success in life is expectation minus reality. If the expectations are built up too high, then everyone is doomed to failure. A difficult balance to achieve in practice. It is amazing though how many horses are potential Group winners until they step on to the track for the first time. Most trainers over-hype horses most of the time. That doesn’t help at arriving on key decisions, either to do with selection of race targets or for that matter when to move a horse on – sell, retire or rehome it.
I think that will do for the moment – there are doubtless far more than ten, not least because everyone has their own communication style and requirements. What would yours be? What would encourage you to stay with a trainer? If I was a trainer, I would certainly want to know what would discourage you, as that can quickly lead to an owner having no more horses in the future, and / or removing them to somewhere else where communication is excellent.


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Monday, 1 April 2013

Great British Racing ... but Compare Dismal Doncaster to Dynamic Dubai



I’ve been very interested in the way Racing for Change has morphed into Great British Racing. On balance I’m definitely in favour, and their web site, www.greatbritishracing.com, gives all the details of what they are trying to do, as the marketing and promotional arm of British horseracing. Encouragingly, they have been really specific about their role, which is to widen the sport’s fan base, help grow revenue streams and maintain British racing’s position internationally. They have a clear mission statement about broadening the appeal of British horseracing at every level and have mapped out seven clear aims and objectives. Not everyone will like the marketing-speak, but if they meet their goals it will be a job well done.

So in this blog I thought I’d have a look at two of the aims and objectives, in the context of the start of the Flat at Doncaster. Let’s evaluate it in terms of aim #4, “Improve the production and delivery of the raceday experience .... Give customers a reason to visit and return”; and aim #5, “Market the thrill of ownership .... Attract, reward and retain existing racehorse owners”.

I don’t think the racing authorities could have kicked off the Flat in such a dismal manner as Doncaster on Friday, 22nd March. A seven-race card with total win prize money of less than £50,000; one Class 2, one Class 3, three Class 4s and two Class 5s, one of which was a very modest race for amateur riders. All run on very testing conditions in front of a minute crowd, and absolutely no atmosphere whatsoever. No evidence here of “the thrill of ownership” or “a compelling story”, and no incentive to “widen racing’s exposure across all media platforms” as the Great British Racing web site describes it. A total damp squib, followed by fits and starts over the next few weeks. What an absolutely pathetic way to kick off the Flat, and as the marketers would say, “bookend the season”.

In comparison, what about Dubai’s World Cup Saturday? Total win prize money of a whisker under £10m, and with fabulous prize money all the way down to 6th place. Indeed the lowest place prize money in any race was £12,269, which is only £700 below the top win prize money of the Class 2 at Doncaster.

Now obviously there is no way at all that Doncaster on a wet Friday in March is going to compare with Meydan in all its pomp and glory. But surely the collective racing industry can do something to kick off our Flat season with a much greater sense of style and excitement. Some ideas:

•   Change the start date of the Flat. Put it back until after the Grand National. Build up a real
    sense of back-to-back weekends of fabulous racing.

•   Dramatically increase the prize money for the first day of the Flat, and have it on a 
    Saturday.
•   Aim for £1m of prize money, with money all the way down to 6th place.
•   Frame the races in a way that really incentivises trainers to get their horses to Doncaster 
    for this kick-off meeting.
•   Make sure that the meeting doesn’t clash with another “showcase” event.
•   Have a proper PR and social media campaign well ahead of the meeting, to build buzz 
    and excitement.
•   Actively involve top jockeys and key sporting personalities in the whole event.

One of the races I’d like to see in this card would be the start of a “Syndicate Series”, say with a value of £50,000, that is open only to horses in joint ownerships, partnerships and syndicates with at least four owners per horse. Run this series throughout the season (and have a similar one over jumps). Have prize money down to 6th. It would guarantee maximum fields and big crowds with all the co-owners and their friends.

This seems such a good idea I think I’ll even send it to Great British Racing.