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Old 22 Aug 2017, 23:44 (Ref:3761035)   #16
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I will take a look. However do remember I am referring to something like the Mazda MX5 or BMW Compact cup, i suppose my idea and mindset has lent more towards it from a "fun" point of view as opposed to a "front running" point of view
Bear in mind that most people who compete in club motorsport claim that they are doing it just for *fun*. However you also have to bear in mind that this is a competition so the more *front running* they are, the more *fun* they will be getting out of it! (I've been there as a competitor building & running my own car, and working in teams preparing and running cars for drivers).
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Old 23 Aug 2017, 07:42 (Ref:3761086)   #17
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It starts as fun. My kart team grew out of running my son in TKM and I have a background of 30+ years in car racing and am an ARKS tester so have a head start. I started out with the intention of helping people get from indoor karting to 2-stroke, but these things have a habit of growing and I now have a lorry, a race camper, 3 trailers and 100sq m of awning. Hopefully I'll make some money for me soon!

It starts out fun. But winning means more than being on the podium. As the drivers improve they want to be 25th not 30th, that's a "win" to them. That takes commitment from you as well as them.

I don't rent karts for racing. Then we don't have the "why aren't I winning" - "because you're not paying me enough" conversation. If they're not winning I send them out to buy new equipment!

I know my place as a starter team but even so there's pressure to move forwards. We've got a little bit of success and it does help. I take it as a personal failure if we have a mechanical problem, my customers come from an A&D background and don't understand "**it happens" when you show a kart a race track. You need to make things bullet proof. What happens if they paid a few hundred pounds and the wheel falls off on the first lap and they don't get a drive? Accident damage? Does that scratch on the wing constitute damage and warrant a new panel? The driver doesn't worry about a tiny dent, but it makes the car look scruffy and can put off a new customer.

Get this clear from the outset and you'll have no problems when it happens. Be open as to what the potential costs are, motor racing is expensive and you car investment is far more than mine. I'd want to know SuperStar Fred can afford to replace my car when he totals it against a marshals' post. Make him pay the insurance - and it he can't afford that, he can't afford to mess with your livelihood.

There's a lot involved. Even just sharing your car can be very stressful!



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Old 23 Aug 2017, 08:24 (Ref:3761092)   #18
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I will take a look. However do remember I am referring to something like the Mazda MX5 or BMW Compact cup, i suppose my idea and mindset has lent more towards it from a "fun" point of view as opposed to a "front running" point of view
In my experience, despite the drivers actual skill or budget, they want to be Ayrton Senna in a McLaren rather than Ricardo Rosset in a Footwork. They'd like to hope that the car and team is capable of winning races.

Whilst you may have a market for a cheap drive back of the grid introduction to races, these drivers need the coaching more than anyone. Give them a good time in a (fast), reliable, smart car. Find them plenty of time, maybe they'll come back for another go, or at least recommend you.

Plenty to think about, including what happens in the case of a serious injury or worse to make sure you're adequately covered. Would a poorly written disclaimer cut it in a court of law?
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Old 23 Aug 2017, 10:09 (Ref:3761124)   #19
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...and that is before the business side of running the team - accounts, insurance, paperwork, admin.
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Old 23 Aug 2017, 19:43 (Ref:3761242)   #20
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...and that is before the business side of running the team - accounts, insurance, paperwork, admin.
Thanks for all the input everyone really interesting to hear your views and insights. Obviously it is not a decision to take lightly I am not too concerned on the legal and accounts side of it as again I have people who can help me with this.

What is a ballpark figure for charging people racing a Mazda or a Compact in their respective brscc championships or endurance events? I have read various things reference insurance, deposit, tyres
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Old 23 Aug 2017, 21:55 (Ref:3761257)   #21
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Can't help with those cars, but I was involved in running a single seater team.

Between races there would be a set amount of work which had to be done anyway, regardless of damage (mostly chargeable) and wear and tear (included in the fee). Work out and cost this. Add a contingency for the big jobs that may get done over winter.

Work out the likely cost of getting your cars to and from all the circuits, we decided to work out the season mileage and average over number of events. We owned the transporters. Will you have to rent storage space / workshops for cars / vans / trailers / trucks.

Work out the costs of hiring the people you need. Weekend staff will usually have a day rate plus expenses.

Work out the cost of accommodation / catering for the team. Work out costs of hospitality - are you going to feed your drivers and team members during the day?

Work out the cost of spare parts and consumables you have to take to races.

Work out the cost of buying/prepping the car.

Work out the cost of all the tools you'll need.

Get quotes for insurance.

Work out your costs so its clear and concise, so you can understand them and potential clients can as well. Some teams have a headline grabbing low headline price, but once you've found that race entries, fuel, tyres, transport, access to tuition/advice are all extras.

Then compare to others and work out how they're managing to do it for their prices. Potential customers may well have spoken to the others, so you'll need to be able to explain the different prices.
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Old 23 Aug 2017, 23:33 (Ref:3761277)   #22
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I must admit that one of the bonuses of being "team principal" is that the customers feed me Mind you a diet of bacon butties and chips is playing hell with my body, and the other downside is that the dads are on a "lads' weekend away" and shovel alcohol down my throat on race weekend evenings...

...best cost in for gym membership!

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Old 28 Aug 2017, 22:59 (Ref:3762476)   #23
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If it helps, I run a design firm (in an entirely different sector, by my weekend passion is motorsports) and I'd be happy to lend some design assistance wherever it may be needed


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Old 30 Aug 2017, 18:35 (Ref:3762993)   #24
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If it helps, I run a design firm (in an entirely different sector, by my weekend passion is motorsports) and I'd be happy to lend some design assistance wherever it may be needed


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Thanks for that offer I will drop you a PM.

As an update I am currently in the process of viewing a few cars and am torn between running it purely as an arrive and drive or maybe entering some of the club endurance and trying to find another clubbie with a budget to gain me some experience
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Old 31 Aug 2017, 07:39 (Ref:3763108)   #25
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Personally I'd go down the shared expenses route. Establish some credibility first, learn the sport without the pressure of the business side. Also you may avoid the insurance liability side of things. (But I'm no lawyer, get someone to look into that)

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