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By John Kilroy on July 7, 2011

We at PRI have always believed that the racing aftermarket is one of the strongest allies a professional race team can have, especially teams that don’t have the biggest budget in a particular series.

In these especially challenging times, the smaller professional race team still needs the innovations necessary to win this year, but they also need to stretch their budgets. It’s our belief that the kinds of innovations and savings they seek are all on display at every PRI Trade Show.

With 1100 exhibiting companies displaying the latest advances in racing equipment and machinery in 3200 booths, it only takes a few strategic deals on new components to make a difference in the following race season’s...

By John Kilroy on July 6, 2011

Sometimes the 'people' aspect of running a racing business is the toughest part. We received some good advice about handling common 'people' problems in excerpts from the book, "The Benevolent Dictator: Empower Your Employees, Build Your Business, and Outwit Your Competition." It's written by Michael Feuer, cofounder of OfficeMax. We thought you'd enjoy reviewing them for any new solutions to an age old problem:

“Once you identify an employee who is good, but whose personality or habits might present a problem, you have two choices,” stated author Feuer. “You can simply get rid of the troublesome employee and risk the consequences of lost productivity. Or you can take the...

By John Kilroy on July 1, 2011

With news all over the website now about the Red Bull Kart Fight at PRI, Sponsored by Rotax event coming to this year’s PRI Trade Show, I’m happy to report that PRI is back in the business of promoting a race. And that’s triggered a couple thoughts about promoting races.

First, no one knows what it’s like to be a promoter until you’ve done it. We learned that with our Twin 25 USAC midget races that we promoted. We think it’s great fun to promote a race, but we’ve only done, at most, three races in a year. It’s a tricky business as you work your way through the challenges of getting enough people in the grandstands, enough cars on the track and enough revenue in to have the whole...

Continue reading Happy To Be Back Promoting A Race »
By John Kilroy on June 30, 2011

We found some excellent business tips in a press release we received from Ed Hess, a business professor at the University of Virginia, who has a new book available now from Stanford University Press. It's called, "Growing An Entrepreneurial Business: Concepts & Cases." It's priced at $75.

Here are his top nine growth challenges facing today’s entrepreneurs:

Getting overwhelmed by growth. Growth is change. Growth requires more processes, controls, and people. Too much growth too quickly can create financial, quality,...

Continue reading Dealing With 9 Growth Challenges »
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