A race car business plan is a fun document. The big question is, are you trying to get your own car into a race league and are therefore seeking sponsorship and enrollment in one of the big organized sporting events, or are you hoping to start your own regional racing league, with your car as an entrant? Whatever your needs, the race car plan should showcase your vehicle, give specs and dimensions and ratings, and talk about the market generally for racing. NASCAR may dominate the field and be the top earner, but what smaller circuits and leagues are gaining momentum? The plan will need a financial model that shows all of the following:
• Start-up summary
• Revenue forecast
• Break-even point
• Profit and loss
• Cash flow
• Balance sheet
The requirement for a bank plan is a three-year projection, but if you will be presenting the plan to venture capital types or angel investors you will need to have a five-year model. Either way, make sure the use of funds section is comprehensive and include an appendix showing the first year by month. The race car business plan will also need a marketing strategy and an implementation plan showing how you intend to get off the ground. Need assistance? MasterPlans has written more than 8,000 custom business plans and our clients often get a first draft in under two weeks. Call a consultant to learn more today! 877-453-2011
