Replay of Round 2: Motocross Track Owner Roundtable

| by fullthrottle

Introduction: A Unifying Call for Action

The second round of the Motocross Track Owner Roundtable served as a transformative platform for trailblazers within the motocross community. Organized by Mike Bambrick of Full Throttle and Eric Anderson of Vroom Network, this dynamic session invited industry professionals to come together and share critical insights on finance, marketing, advocacy, and rider safety. The overarching aim was clear: to empower motocross track owners by fostering collaboration and exchanging innovative ideas that can elevate the sport.

Round 1 Progress: Overcoming Insurance Hurdles

As the roundtable unfolded, Mike Bambrick provided a thorough update on the progress made since Round 1. The persistent issue of securing insurance coverage for motocross tracks was front and center. In an encouraging development, the identification of Prime Insurance as a dedicated partner emerged from previous discussions. Mikes urged track owners to maintain strong relationships with their brokers while also collaborating with Prime Insurance to address specific coverage needs.

This proactive approach is essential in a market where challenges from landowners, including skyrocketing lease rates, can threaten operational stability. Attendees were reminded of the value of building partnerships among track owners, landowners, and insurance providers to ensure sustainable solutions are reached.

Best Practices Identified: The Importance of Protocols

During the discussions, a consensus emerged around the need to develop best practices, particularly concerning waivers and liability protections. Track owners should obtain waivers directly from their insurance carriers to ensure adequate protections are in place. The inclusion of minors under insurance policies presents a noteworthy advantage, as Prime Insurance is willing to provide coverage in this area, benefiting many tracks.

Advocacy Efforts: Paved Pathways for Progress

The roundtable also emphasized the significance of advocacy, particularly regarding potential legislative frameworks like the Equestrian Act, which limits liability for equestrian events. The notion that a unified effort could yield similar protections for motocross tracks was met with enthusiasm. Participants were urged to remain engaged in these advocacy efforts, signaling a collective desire to create meaningful change in the face of ongoing challenges.

Insights from AJ Catanzaro: Elevating Rider Safety

AJ Catanzaro, CEO of The Moto Academy, captivated attendees with his insights on rider safety and track design. His expertise shed light on several critical areas:

  • Designing Safe Obstacles: AJ advocated for larger jumps. He believes they create a safer riding experience by minimizing kickers and improving landings.
  • Segregation of Practice Groups: He stressed the importance of skill-specific practice sessions. This enhances safety by grouping riders of similar abilities.
  • Flagging Protocols: AJ highlighted the need for proper flagging at key points on the track. He suggested integrating AI-based systems to boost safety.
  • Educational Initiatives: AJ proposed a pre-event education program using an app. This innovative approach prepares riders for safety and readiness.

Financial Wisdom from Parker Folkert: Securing Sustainability

Parker Folkert, a financial planning expert from Northwestern Mutual, brought forth vital insights centered on financial stewardship. His key points included:

  • Understanding Your Financial Landscape: Parker emphasized the importance of knowing fixed and variable costs. This knowledge helps track owners sustain operations.
  • Break-even Calculations: He provided a framework for calculating entry fees. This ensures costs are covered while maintaining profitability.
  • Revenue Generation Strategies: Parker stressed the need for tailored marketing efforts. Enhancing audience engagement is crucial for increasing attendance and revenue.
  • Planning for Economic Fluctuations: He advised track owners to set aside funds for unexpected downturns. This strategy secures long-term viability.

Advocacy Insights from Duane Taylor: A Unified Voice

The roundtable featured an impactful segment by Duane Taylor from the Motorcycle Industry Council. His call for collective action resonated strongly:

  • Encouraging Organization: Duane highlighted the benefits of forming a nonprofit organization for motocross. This fosters a united front for advocating industry needs.
  • Leveraging Collective Advocacy: He explained that a unified voice strengthens discussions with local and state officials. This collaboration enhances advocacy effectiveness.
  • Understanding Economic Impact: Duane underscored the value of pooling resources. This helps track owners recognize their collective economic contributions.

Insights from Taylor Miller of Racer X: Maximizing Track Exposure

Taylor Miller from Racer X contributed significantly by discussing the Racer X Track Network as a powerful tool for enhancing track visibility:

  • Network Benefits: Taylor detailed how the Racer X Track Network offers free advertising. It also includes geo-targeted ads that attract local riders.
  • Spotlight Features: Each issue of Racer X magazine spotlights individual tracks. This raises awareness and attracts new riders.
  • Event Promotion Support: Taylor emphasized the network's role in promoting special events. This engagement boosts attendance and strengthens community ties.

Charting a Bold Future for Motocross

Round 2 of the Motocross Track Owner Roundtable was more than a meeting—it was a clarion call for collaboration, education, and advocacy within the motocross community. The insights and strategies exchanged pave the way for not only overcoming existing challenges but for seizing new opportunities for growth and innovation.

As the community moves forward, the call to action remains clear: unite, advocate, and innovate. Together, we can cultivate a vibrant legacy for motocross that perseveres for generations to come.

Get involved here!

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