Tag: risk management
Mr. Murphy just canceled your race — now what?
Rain is great at getting your race canceled. Let’s face it, the weather is an unpredictable force. As a race promoter, you will have to deal with more than once in your life. If you ask five people what the weather will be like tomorrow, you will most likely get five different answers. This is...
Dress rehearsals can improve your race day operations
Improve your race day plan by using practice runs and dress rehearsals as tools for shaking out the problems in your plan before race day.
Doom on you if you ignore these principles and kill a racer
Do not leave yourself open to risk by applying the principles of always having an approved permit and a quality liability insurance policy.
How to bounce back when everything goes wrong
Once upon a time, Virginia had a very wet Spring. So wet in fact that it has caused several race cancellations throughout the State, to include the Adventure Addicts Racing’s (AAR) Adrenaline Rush 12-Hour Adventure Race in Front Royal, Virginia. AAR race promoters Andy Bacon and Michelle Faucher, found themselves in a position all race...
Actively manage risks before they actively destroy your racing business
How much risk do you have in your racing business? Chances are that if you’re not identifying, analyzing, or responding to risks in a systematic way, you have no idea! Yikes! You need some risk management skills, and you need them now! Risk management? Risk management is the term used by business owners when they...
Strategies for beating Mr. Murphy and his immutable laws of racing
Race promoters have tried many strategies to beat Mr. Murphy and his wheel of woe. Those few that have survived, found that the strategies that work come with a price. I think that price that is just too high for most new race promoters to pay AND manage to stay in business. That is why...