The Running of the Business That Is Formula One

We thought we’d start out looking at the functions within the teams that don’t ‘touch the car(s)’. This refers to all the support functions that makes the business end of Formula One or any other motorsport team go round. These include:

  • Marketing
  • Human Resources
  • Finance and accounting
  • Facilities (reception, security, maintenance, etc.)
  • Executive Management
  • Administration

Now you are thinking that since these positions don’t have anything to do with developing the car, motorsport experience is not essential. You would be correct to a certain extent, but it is an unfair world that we live in and as with any job, employers give preferential treatment to candidates with industry experience. It is a also worth mentioning that any position in any of the functions rarely make it on to the open market as people tend to move from team to team, i.e. positions are marketed by word-of-mouth.

So now that we have painted a gloomy picture, is it a lost cause for anyone without motorsport/F1 experience to get through the door? Of course not! I think it is true with any industry that you have to look at the core skill set or job function and ask yourself what skills you have that would transfer well into a new industry. For example in motorsport marketing you would have to deal a lot with events with VIP guests, merchandise, social media, sponsorship management and sales etc. With this as a base you would be well served to look at entry points that have comparable environments, e.g. functions in other sports, smaller motorsport teams, music, film, entertainment, etc. Teams will also look for candidates who have cut their teeth in environments that will allow them to hack it in motorsport. With this I mean that it takes a certain personality to work in motorsport, you have to have thick skin and be passionate and devoted to the ’cause’, i.e. winning every day of your career. Also keep in mind that many people in motorsport have very strong personalities so anyone who have dealt with most celebrities will know what to expect.

I am not going to spend much time talking about the executive management level jobs (CXO level) as this comes through, in most cases, having been groomed during your whole career by investors and owners of teams or have a strong and distinguished career in motorsport. Exploring how to go about that successfully would be a whole book in itself.

Needless to say, it would behoove anyone trying to get in to any of these functions to attach themselves to people in the industry to find out about positions that come available and then go for it full force. One way (here comes the plug) is of course to work with a recruiter/headhunter such as ourselves at ‘Resources In Motorsport’ as we talk to people in the industry every day and know about movements sometimes before anyone else.

I hope you have enjoyed this short analysis and that I have given you some food for thought. Happy career management and have a great week ahead until next time.

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