Racing as an Entrepreneur

Ever consider F1 racing in Monaco?  This is one of the oldest automobile races in the world.  It is also one of the most expensive places to have a short vacation.  There is the flight to get to this small country near Nice, France and the need for hotel accommodations.  How about being in chilly Siberia and attempting to run the Daytona 500 in sunny Florida?  These are possibilities thanks to entrepreneurs sitting in their computer rooms, licensing fees and a few keystrokes to encourage those racing enthusiasts that have full time jobs and responsibilities.  Road racing is an expensive hobby and one that requires a team.  Tough for the average working person to consider however with a little initiative once the internet was a reality it has become easy to do.  Simulators have been used for training opportunities but now are available for recreation.  Small fees are needed to enter races after building your car.  There is an industry for those that create the virtual autos and teams if the driver isn’t particularly skilled.  There are fantasy haulers to bring the virtual autos to the racetrack.  Another industry associated with this sport is viewing the races on the computer where you can sit in the stands of your own computer room and cheer on your loved ones even though you are sitting in another state.  Broadcasters tune in via radio/computer set ups to cars to interview the drivers.  As shown in recent news, there is still risk associated with the creation of an internet business.  Entrepreneurs have risk.  While the textbook discusses storefronts being beneficial to small industries, the internet has opened many opportunities without ever leaving the living room to include shopping, dating and racing.