Do we have to pay the AMA to run a race?.Utilities (water, electric, garbage, etc.).Employee costs (wages, social security, health care, ?) how many do we need.Legal Fees (incorporation, disclaimers, etc.) we will pick an LLC over an S-Corporation.Do we need a building, bathrooms, camping spaces, and other things - don't want a Sh#thole.Tractors, Skid Steers, Watering Trucks, etc.Track design fees (can't build a crappy track and get roasted on Social Media).Land purchase (maybe your lucky and have the right amount of land in the right place).I know there are enough business owners on PitRacer to advise us. We can do some math and build a pro forma income statement. How many races can we hold a year and how many practice days can we have. Next list the money we make from practices, races, gate fees, concessions, and any other way we can make money. List the initial costs, ongoing costs, estimated federal, state, and local taxes, insurance, employees, etc. Unless we have a bunch of money saved we probably need a loan to start the business and I bet banks are jumping on the chance to finance a motocross track business. I can smell retirement and selling for a huge profit when we get worn out from the long days.įirst we need a business plan to get the money to start. I am an optimist and this is going to be a big, big success. Of course nobody will ever say anything bad about us on SocialMedia to drive customers away. We can also pretend the day we open we have big attendance and don't have to work for years to grow our product, reputation, and customer base. We can pretend we have no competition from other tracks for riders or race date conflicts. We can simulate running it for a couple of years and see how rich we get. Let's build and run a new motocross business, PitRacer's Bigdeal Motocross (PRBMX).
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