{"product_id":"adventure-race-owner-makes","title":"How Much Adventure Race Planning Owners Make: $100K Plus Profit","description":"\u003cbr\u003e\u003cdiv class=\"card_smpl\"\u003e\n\n\u003cdiv class=\"double_border\"\u003e\n\n\u003cdiv class=\"card_smpl_header\"\u003e\n\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-plus-icon.svg\" alt=\"Key Takeaways\" class=\"icon_how_to_use\"\u003e\n\n\u003ch3\u003eKey Takeaways\u003c\/h3\u003e\n\n\u003c\/div\u003e\n\n\u003cul class=\"lst_crct_blog\"\u003e\n\n\u003cli\u003eRegistration volume and pricing drive the biggest revenue swing.\u003c\/li\u003e\n\n\u003cli\u003eSponsorship adds upside, but it is never guaranteed cash.\u003c\/li\u003e\n\n\u003cli\u003eDirect logistics and staffing can consume most revenue.\u003c\/li\u003e\n\n\u003cli\u003eBuild reserves before owner pay, especially with seasonality.\u003c\/li\u003e\n\n\u003c\/ul\u003e\n\n\u003c\/div\u003e\n\n\u003c\/div\u003e\u003cbr\u003e\u003cbr\u003e\u003csection class=\"fml-owner-metric-cards\" aria-label=\"Top Owner Income KPIs\"\u003e\u003cdiv class=\"metric-grid\"\u003e\n\u003carticle class=\"metric-card is-green\"\u003e\u003cspan class=\"metric-icon-tip\" tabindex=\"0\" data-tooltip=\"Annual modeled owner pay is the $100k founder salary; distributions come only after reserves, and personal taxes are excluded.\"\u003e\u003cimg class=\"metric-icon\" src=\"\/cdn\/shop\/files\/fml-owner-income-kpi-owner-income.svg\" alt=\"Owner income icon\" loading=\"lazy\"\u003e\u003c\/span\u003e\u003cspan\u003eOwner income\u003c\/span\u003e\u003cstrong class=\"metric-value\" tabindex=\"0\" data-tooltip=\"Annual modeled owner pay is the $100k founder salary; distributions come only after reserves, and personal taxes are excluded.\"\u003eYear 1: $100k\u003c\/strong\u003e\u003c\/article\u003e\u003carticle class=\"metric-card\"\u003e\u003cspan class=\"metric-icon-tip\" tabindex=\"0\" data-tooltip=\"Uses EBITDA margin from Year 1 to Year 5; it's an operating proxy, not after-tax net margin.\"\u003e\u003cimg class=\"metric-icon\" src=\"\/cdn\/shop\/files\/fml-owner-income-kpi-net-margin.svg\" alt=\"Net margin icon\" loading=\"lazy\"\u003e\u003c\/span\u003e\u003cspan\u003eNet margin\u003c\/span\u003e\u003cstrong class=\"metric-value\" tabindex=\"0\" data-tooltip=\"Uses EBITDA margin from Year 1 to Year 5; it's an operating proxy, not after-tax net margin.\"\u003e1% to 60%\u003c\/strong\u003e\u003c\/article\u003e\u003carticle class=\"metric-card\"\u003e\u003cspan class=\"metric-icon-tip\" tabindex=\"0\" data-tooltip=\"Year 1 revenue implied by 1,322 entries at $198 each covers $219.8k fixed payroll and overhead at $166 contribution per entry.\"\u003e\u003cimg class=\"metric-icon\" src=\"\/cdn\/shop\/files\/fml-owner-income-kpi-revenue-target.svg\" alt=\"Revenue for target pay icon\" loading=\"lazy\"\u003e\u003c\/span\u003e\u003cspan\u003eRevenue for target pay\u003c\/span\u003e\u003cstrong class=\"metric-value\" tabindex=\"0\" data-tooltip=\"Year 1 revenue implied by 1,322 entries at $198 each covers $219.8k fixed payroll and overhead at $166 contribution per entry.\"\u003e$262k\u003c\/strong\u003e\u003c\/article\u003e\u003carticle class=\"metric-card\"\u003e\u003cspan class=\"metric-icon-tip\" tabindex=\"0\" data-tooltip=\"Month 14 breakeven, $107k capex, and a $852k cash low in Month 24 make this a hard build.\"\u003e\u003cimg class=\"metric-icon\" src=\"\/cdn\/shop\/files\/fml-owner-income-kpi-business-difficulty.svg\" alt=\"Business difficulty icon\" loading=\"lazy\"\u003e\u003c\/span\u003e\u003cspan\u003eBusiness difficulty\u003c\/span\u003e\u003cstrong class=\"metric-value\" tabindex=\"0\" data-tooltip=\"Month 14 breakeven, $107k capex, and a $852k cash low in Month 24 make this a hard build.\"\u003eHard\u003c\/strong\u003e\u003c\/article\u003e\n\u003c\/div\u003e\u003c\/section\u003e\u003cbr\u003e\u003ch2\u003e\u003cspan style=\"color: #126CFF;\"\u003eWant to test your owner pay target?\n\u003c\/span\u003e\u003c\/h2\u003e\n\u003csection class=\"fml-owner-calculator\" aria-label=\"Adventure Race Planning Owner Income Calculator\" data-locale=\"en-US\" data-currency=\"USD\" data-default-scenario=\"base\" data-export-filename=\"Adventure Race Planning Owner Income Calculator.xlsx\" data-source-site-name=\"Financial Models Lab\" data-source-site-url=\"https:\/\/financialmodelslab.com\" data-source-page-title=\"Adventure Race Planning Owner Income Calculator\" data-note-title=\"Planning note:\" data-note-text=\"This is a researched planning estimate only. Actual owner income depends on revenue, margins, payroll, taxes, reserves, and debt. It is not guaranteed salary, tax advice, or owner distribution advice.\"\u003e\u003cdiv class=\"fml-owner-card\"\u003e\n\u003cheader class=\"fml-owner-header\"\u003e\u003cdiv class=\"fml-owner-heading\"\u003e\n\u003cp class=\"fml-owner-eyebrow\"\u003eOwner income calculator\u003c\/p\u003e\n\u003cp class=\"fml-owner-intro\"\u003eEstimate owner take-home and the gap to your target pay from revenue, margin, costs, reserves, and pay goal.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"fml-owner-scenarios\" aria-label=\"Income scenario presets\"\u003e\n\u003cbutton class=\"fml-owner-scenario\" type=\"button\" data-scenario=\"low\"\u003eLow\u003c\/button\u003e\u003cbutton class=\"fml-owner-scenario is-active\" type=\"button\" data-scenario=\"base\"\u003eBase\u003c\/button\u003e\u003cbutton class=\"fml-owner-scenario\" type=\"button\" data-scenario=\"high\"\u003eHigh\u003c\/button\u003e\n\u003c\/div\u003e\u003c\/header\u003e\u003cdiv class=\"fml-owner-layout\"\u003e\n\u003cform class=\"fml-owner-inputs\"\u003e\n\u003cdiv class=\"fml-owner-row\"\u003e\n\u003clabel class=\"fml-owner-label\"\u003e\u003cspan\u003eMonthly revenue\u003c\/span\u003e\u003cspan class=\"fml-owner-tooltip\" tabindex=\"0\" aria-label=\"Monthly sales before expenses. Use the average operating month across registrations, sponsorships, merch, VIP passes, photo sales, training sales, and concessions.\"\u003ei\u003cspan role=\"tooltip\"\u003eMonthly sales before expenses. Use the average operating month across registrations, sponsorships, merch, VIP passes, photo sales, training sales, and concessions.\u003c\/span\u003e\u003c\/span\u003e\u003c\/label\u003e\u003cdiv class=\"fml-owner-money\"\u003e\n\u003cspan\u003e$\u003c\/span\u003e\u003cinput data-owner-field=\"monthlyRevenue\" data-owner-kind=\"money\" data-owner-label=\"Monthly revenue\" data-owner-note=\"Monthly sales before expenses. Use the average operating month across registrations, sponsorships, merch, VIP passes, photo sales, training sales, and concessions.\" data-low=\"24750\" data-base=\"71338\" data-high=\"149167\" name=\"monthlyRevenue\" type=\"text\" inputmode=\"numeric\" value=\"71,338\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"fml-owner-row\"\u003e\n\u003clabel class=\"fml-owner-label\"\u003e\u003cspan\u003eGross margin\u003c\/span\u003e\u003cspan class=\"fml-owner-tooltip\" tabindex=\"0\" aria-label=\"Percent of revenue left after direct event costs.\"\u003ei\u003cspan role=\"tooltip\"\u003ePercent of revenue left after direct event costs.\u003c\/span\u003e\u003c\/span\u003e\u003c\/label\u003e\u003cdiv class=\"fml-owner-percent\"\u003e\n\u003cinput data-owner-field=\"grossMargin\" data-owner-kind=\"percent\" data-owner-label=\"Gross margin\" data-owner-note=\"Percent of revenue left after direct event costs.\" name=\"grossMargin\" type=\"range\" min=\"0\" max=\"100\" step=\"1\" data-low=\"91\" data-base=\"92\" data-high=\"93\" value=\"92\"\u003e\u003coutput\u003e92%\u003c\/output\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"fml-owner-row\"\u003e\n\u003clabel class=\"fml-owner-label\"\u003e\u003cspan\u003eLabor cost\u003c\/span\u003e\u003cspan class=\"fml-owner-tooltip\" tabindex=\"0\" aria-label=\"Monthly payroll and contractor spend before owner pay, based on the event team.\"\u003ei\u003cspan role=\"tooltip\"\u003eMonthly payroll and contractor spend before owner pay, based on the event team.\u003c\/span\u003e\u003c\/span\u003e\u003c\/label\u003e\u003cdiv class=\"fml-owner-money\"\u003e\n\u003cspan\u003e$\u003c\/span\u003e\u003cinput data-owner-field=\"laborCost\" data-owner-kind=\"money\" data-owner-label=\"Labor cost\" data-owner-note=\"Monthly payroll and contractor spend before owner pay, based on the event team.\" data-low=\"14167\" data-base=\"26458\" data-high=\"28333\" name=\"laborCost\" type=\"text\" inputmode=\"numeric\" value=\"26,458\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"fml-owner-row\"\u003e\n\u003clabel class=\"fml-owner-label\"\u003e\u003cspan\u003eFixed overhead\u003c\/span\u003e\u003cspan class=\"fml-owner-tooltip\" tabindex=\"0\" aria-label=\"Monthly recurring overhead such as office rent, software, insurance, legal, utilities, and admin.\"\u003ei\u003cspan role=\"tooltip\"\u003eMonthly recurring overhead such as office rent, software, insurance, legal, utilities, and admin.\u003c\/span\u003e\u003c\/span\u003e\u003c\/label\u003e\u003cdiv class=\"fml-owner-money\"\u003e\n\u003cspan\u003e$\u003c\/span\u003e\u003cinput data-owner-field=\"fixedOverhead\" data-owner-kind=\"money\" data-owner-label=\"Fixed overhead\" data-owner-note=\"Monthly recurring overhead such as office rent, software, insurance, legal, utilities, and admin.\" data-low=\"4150\" data-base=\"4150\" data-high=\"4150\" name=\"fixedOverhead\" type=\"text\" inputmode=\"numeric\" value=\"4,150\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"fml-owner-row\"\u003e\n\u003clabel class=\"fml-owner-label\"\u003e\u003cspan\u003eMarketing\u003c\/span\u003e\u003cspan class=\"fml-owner-tooltip\" tabindex=\"0\" aria-label=\"Monthly marketing and digital ad spend used to drive registrations and sponsor demand.\"\u003ei\u003cspan role=\"tooltip\"\u003eMonthly marketing and digital ad spend used to drive registrations and sponsor demand.\u003c\/span\u003e\u003c\/span\u003e\u003c\/label\u003e\u003cdiv class=\"fml-owner-money\"\u003e\n\u003cspan\u003e$\u003c\/span\u003e\u003cinput data-owner-field=\"marketing\" data-owner-kind=\"money\" data-owner-label=\"Marketing\" data-owner-note=\"Monthly marketing and digital ad spend used to drive registrations and sponsor demand.\" data-low=\"1238\" data-base=\"3210\" data-high=\"5967\" name=\"marketing\" type=\"text\" inputmode=\"numeric\" value=\"3,210\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"fml-owner-row\"\u003e\n\u003clabel class=\"fml-owner-label\"\u003e\u003cspan\u003eDebt service\u003c\/span\u003e\u003cspan class=\"fml-owner-tooltip\" tabindex=\"0\" aria-label=\"Monthly loan or financing payment. Use 0 if there is no debt.\"\u003ei\u003cspan role=\"tooltip\"\u003eMonthly loan or financing payment. Use 0 if there is no debt.\u003c\/span\u003e\u003c\/span\u003e\u003c\/label\u003e\u003cdiv class=\"fml-owner-money\"\u003e\n\u003cspan\u003e$\u003c\/span\u003e\u003cinput data-owner-field=\"debtService\" data-owner-kind=\"money\" data-owner-label=\"Debt service\" data-owner-note=\"Monthly loan or financing payment. Use 0 if there is no debt.\" data-low=\"0\" data-base=\"0\" data-high=\"0\" name=\"debtService\" type=\"text\" inputmode=\"numeric\" value=\"\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"fml-owner-row\"\u003e\n\u003clabel class=\"fml-owner-label\"\u003e\u003cspan\u003eTax reserve\u003c\/span\u003e\u003cspan class=\"fml-owner-tooltip\" tabindex=\"0\" aria-label=\"Percent of profit set aside for taxes before owner take-home.\"\u003ei\u003cspan role=\"tooltip\"\u003ePercent of profit set aside for taxes before owner take-home.\u003c\/span\u003e\u003c\/span\u003e\u003c\/label\u003e\u003cdiv class=\"fml-owner-percent\"\u003e\n\u003cinput data-owner-field=\"taxReserve\" data-owner-kind=\"percent\" data-owner-label=\"Tax reserve\" data-owner-note=\"Percent of profit set aside for taxes before owner take-home.\" name=\"taxReserve\" type=\"range\" min=\"0\" max=\"45\" step=\"1\" data-low=\"18\" data-base=\"24\" data-high=\"28\" value=\"24\"\u003e\u003coutput\u003e24%\u003c\/output\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"fml-owner-row\"\u003e\n\u003clabel class=\"fml-owner-label\"\u003e\u003cspan\u003eReinvestment reserve\u003c\/span\u003e\u003cspan class=\"fml-owner-tooltip\" tabindex=\"0\" aria-label=\"Percent of profit kept for working capital, event setup, and risk buffer.\"\u003ei\u003cspan role=\"tooltip\"\u003ePercent of profit kept for working capital, event setup, and risk buffer.\u003c\/span\u003e\u003c\/span\u003e\u003c\/label\u003e\u003cdiv class=\"fml-owner-percent\"\u003e\n\u003cinput data-owner-field=\"reinvestmentReserve\" data-owner-kind=\"percent\" data-owner-label=\"Reinvestment reserve\" data-owner-note=\"Percent of profit kept for working capital, event setup, and risk buffer.\" name=\"reinvestmentReserve\" type=\"range\" min=\"0\" max=\"35\" step=\"1\" data-low=\"5\" data-base=\"10\" data-high=\"14\" value=\"10\"\u003e\u003coutput\u003e10%\u003c\/output\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"fml-owner-row\"\u003e\n\u003clabel class=\"fml-owner-label\"\u003e\u003cspan\u003eTarget owner pay\u003c\/span\u003e\u003cspan class=\"fml-owner-tooltip\" tabindex=\"0\" aria-label=\"Monthly owner income goal used to calculate the target-pay gap.\"\u003ei\u003cspan role=\"tooltip\"\u003eMonthly owner income goal used to calculate the target-pay gap.\u003c\/span\u003e\u003c\/span\u003e\u003c\/label\u003e\u003cdiv class=\"fml-owner-money\"\u003e\n\u003cspan\u003e$\u003c\/span\u003e\u003cinput data-owner-field=\"targetOwnerPay\" data-owner-kind=\"money\" data-owner-label=\"Target owner pay\" data-owner-note=\"Monthly owner income goal used to calculate the target-pay gap.\" data-low=\"4000\" data-base=\"10000\" data-high=\"20000\" name=\"targetOwnerPay\" type=\"text\" inputmode=\"numeric\" value=\"10,000\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/form\u003e\n\u003caside class=\"fml-owner-results\" aria-live=\"polite\"\u003e\u003cspan class=\"fml-owner-tag\"\u003eOwner income output\u003c\/span\u003e\u003cdiv class=\"fml-owner-metrics\"\u003e\n\u003cdiv class=\"fml-owner-metric is-primary\"\u003e\n\u003cspan class=\"fml-owner-metric-label\"\u003eOwner Income\u003cspan class=\"fml-owner-tooltip\" tabindex=\"0\" aria-label=\"Monthly take-home after tax and reinvestment reserves.\"\u003ei\u003cspan role=\"tooltip\"\u003eMonthly take-home after tax and reinvestment reserves.\u003c\/span\u003e\u003c\/span\u003e\u003c\/span\u003e\u003cstrong data-owner-output=\"monthlyOwnerIncome\"\u003e$20,997\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"fml-owner-metric\"\u003e\n\u003cspan class=\"fml-owner-metric-label\"\u003eNet Margin\u003cspan class=\"fml-owner-tooltip\" tabindex=\"0\" aria-label=\"Owner income divided by monthly revenue.\"\u003ei\u003cspan role=\"tooltip\"\u003eOwner income divided by monthly revenue.\u003c\/span\u003e\u003c\/span\u003e\u003c\/span\u003e\u003cstrong data-owner-output=\"netProfitMargin\"\u003e29%\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"fml-owner-metric\"\u003e\n\u003cspan class=\"fml-owner-metric-label\"\u003eRevenue for Target Pay\u003cspan class=\"fml-owner-tooltip\" tabindex=\"0\" aria-label=\"Monthly revenue needed to support the target owner pay.\"\u003ei\u003cspan role=\"tooltip\"\u003eMonthly revenue needed to support the target owner pay.\u003c\/span\u003e\u003c\/span\u003e\u003c\/span\u003e\u003cstrong data-owner-output=\"revenueNeeded\"\u003e$53,228\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"fml-owner-metric is-target-gap is-positive\"\u003e\n\u003cspan class=\"fml-owner-metric-label\"\u003eTarget Pay Gap\u003cspan class=\"fml-owner-tooltip\" tabindex=\"0\" aria-label=\"Owner income minus target owner pay. Negative means the target pay is not covered.\"\u003ei\u003cspan role=\"tooltip\"\u003eOwner income minus target owner pay. Negative means the target pay is not covered.\u003c\/span\u003e\u003c\/span\u003e\u003c\/span\u003e\u003cstrong data-owner-output=\"targetPayGap\"\u003e$10,997\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdl class=\"fml-owner-result-list\"\u003e\n\u003cdiv\u003e\n\u003cdt\u003eAnnual owner income\u003c\/dt\u003e\n\u003cdd data-owner-output=\"annualOwnerIncome\"\u003e$251,964\u003c\/dd\u003e\n\u003c\/div\u003e\n\u003cdiv\u003e\n\u003cdt\u003eProfit before reserves\u003c\/dt\u003e\n\u003cdd data-owner-output=\"profitBeforeReserves\"\u003e$31,813\u003c\/dd\u003e\n\u003c\/div\u003e\n\u003cdiv\u003e\n\u003cdt\u003eTax + reinvestment reserve\u003c\/dt\u003e\n\u003cdd data-owner-output=\"reserveAmount\"\u003e$10,816\u003c\/dd\u003e\n\u003c\/div\u003e\n\u003cdiv\u003e\n\u003cdt\u003eTarget pay gap\u003c\/dt\u003e\n\u003cdd data-owner-output=\"cashAfterTargetPay\"\u003e$10,997\u003c\/dd\u003e\n\u003c\/div\u003e\n\u003c\/dl\u003e\n\u003cdiv class=\"fml-owner-bridge\"\u003e\n\u003cdiv class=\"fml-owner-bar-row\" data-owner-bridge=\"revenue\"\u003e\n\u003cspan\u003eRevenue\u003c\/span\u003e\u003cdiv\u003e\u003ci style=\"--fml-owner-share: 100%;\"\u003e\u003c\/i\u003e\u003c\/div\u003e\n\u003cb data-owner-bridge-value\u003e$71,338\u003c\/b\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"fml-owner-bar-row\" data-owner-bridge=\"grossProfit\"\u003e\n\u003cspan\u003eGross profit\u003c\/span\u003e\u003cdiv\u003e\u003ci style=\"--fml-owner-share: 92%;\"\u003e\u003c\/i\u003e\u003c\/div\u003e\n\u003cb data-owner-bridge-value\u003e$65,631\u003c\/b\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"fml-owner-bar-row\" data-owner-bridge=\"operatingCosts\"\u003e\n\u003cspan\u003eOperating costs\u003c\/span\u003e\u003cdiv\u003e\u003ci style=\"--fml-owner-share: 47%;\"\u003e\u003c\/i\u003e\u003c\/div\u003e\n\u003cb data-owner-bridge-value\u003e$33,818\u003c\/b\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"fml-owner-bar-row\" data-owner-bridge=\"reserveAmount\"\u003e\n\u003cspan\u003eReserves\u003c\/span\u003e\u003cdiv\u003e\u003ci style=\"--fml-owner-share: 15%;\"\u003e\u003c\/i\u003e\u003c\/div\u003e\n\u003cb data-owner-bridge-value\u003e$10,816\u003c\/b\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"fml-owner-bar-row\" data-owner-bridge=\"ownerIncome\"\u003e\n\u003cspan\u003eOwner income\u003c\/span\u003e\u003cdiv\u003e\u003ci style=\"--fml-owner-share: 29%;\"\u003e\u003c\/i\u003e\u003c\/div\u003e\n\u003cb data-owner-bridge-value\u003e$20,997\u003c\/b\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"fml-owner-export\" type=\"button\" data-owner-export\u003eEXPORT XLSX\u003c\/button\u003e\u003c\/aside\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"fml-owner-note\"\u003e\n\u003cspan class=\"fml-owner-note-icon\" aria-hidden=\"true\"\u003e!\u003c\/span\u003e\u003cp\u003e\u003cstrong\u003ePlanning note:\u003c\/strong\u003e This is a researched planning estimate only. Actual owner income depends on revenue, margins, payroll, taxes, reserves, and debt. It is not guaranteed salary, tax advice, or owner distribution advice.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\u003c\/section\u003e\u003cbr\u003e\u003cdiv class=\"container_new_design_blog\"\u003e\n\n\u003cdiv class=\"text-section_blog text-2_new_design_blog\"\u003e\n\n\u003cdiv class=\"line_top_blog\"\u003e\u003cbr\u003e\u003c\/div\u003e\n\n\u003ch3\u003e\u003cspan style=\"color: #126CFF;\"\u003eWant to see the owner-income forecast in Adventure Race Planning?\u003c\/span\u003e\u003c\/h3\u003e\n\n\u003cp\u003eThe dashboard in the \u003ca href=\"\/products\/adventure-race-financial-model\"\u003eAdventure Race Planning Financial Model Template\u003c\/a\u003e shows \u003cstrong\u003eowner take-home\u003c\/strong\u003e, assumptions, event economics, revenue, costs, scenario tests, and cash flow; open it to review the model. Charts run from 1,500 to 8,000 registrations, $297,000 to $179 million revenue, $3,000 to $1,066 million EBITDA, \u003cstrong\u003ebreakeven in Month 14\u003c\/strong\u003e, \u003cstrong\u003epayback in 30 months\u003c\/strong\u003e, and \u003cstrong\u003eminimum cash of $852,000 in Month 24\u003c\/strong\u003e.\u003c\/p\u003e\n\n\u003ch4\u003eOwner-income model highlights\u003c\/h4\u003e\n\u003cul class=\"lst_crct_blog\"\u003e\n\u003cli\u003eOwner take-home output\u003c\/li\u003e\n\u003cli\u003eRegistrations: 1,500 to 8,000\u003c\/li\u003e\n\u003cli\u003eRevenue: $297k to $179M\u003c\/li\u003e\n\u003cli\u003eEBITDA: $3k to $1,066M\u003c\/li\u003e\n\u003cli\u003eBreakeven in Month 14\u003c\/li\u003e\n\u003cli\u003ePayback: 30 months\u003c\/li\u003e\n\u003cli\u003eCash floor: $852k\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003c\/div\u003e\n\n\u003cdiv class=\"image-section_blog image-2_new_design_blog\"\u003e\n\n\u003cdiv class=\"preview-card\" data-preview-src=\"\/cdn\/shop\/files\/adventure-race-financial-model-dashboard-financialmodelslab_ae0b6625-c7cd-4ada-9a59-21d8e4c9f44e.webp\"\u003e\n\u003cimg class=\"preview-img\" width=\"100%\" height=\"auto\" src=\"\/cdn\/shop\/files\/adventure-race-financial-model-dashboard-financialmodelslab_ae0b6625-c7cd-4ada-9a59-21d8e4c9f44e.webp?width=500\" alt=\"Adventure Race Planning Financial Model dashboard summarizing key KPIs, runway\/cash and performance with a dynamic dashboard, highlighting cash-flow blind spots and investor-ready charts.\"\u003e\n\u003cdiv class=\"preview-overlay\"\u003e\n\u003cbutton class=\"preview-btn\" type=\"button\" style=\"align-items: center; vertical-align: middle; display: inline-flex; justify-content: center; gap: 6px; line-height: 1;\"\u003e\nPREVIEW \u003csvg fill=\"#fff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\" role=\"presentation\" viewbox=\"0 0 448 512\" width=\"14\"\u003e\u003cpath d=\"M416 176V86.63L246.6 256L416 425.4V336c0-8.844 7.156-16 16-16s16 7.156 16 16v128c0 8.844-7.156 16-16 16h-128c-8.844 0-16-7.156-16-16s7.156-16 16-16h89.38L224 278.6L54.63 448H144C152.8 448 160 455.2 160 464S152.8 480 144 480h-128C7.156 480 0 472.8 0 464v-128C0 327.2 7.156 320 16 320S32 327.2 32 336v89.38L201.4 256L32 86.63V176C32 184.8 24.84 192 16 192S0 184.8 0 176v-128C0 39.16 7.156 32 16 32h128C152.8 32 160 39.16 160 48S152.8 64 144 64H54.63L224 233.4L393.4 64H304C295.2 64 288 56.84 288 48S295.2 32 304 32h128C440.8 32 448 39.16 448 48v128C448 184.8 440.8 192 432 192S416 184.8 416 176z\"\u003e\u003c\/path\u003e\u003c\/svg\u003e\n\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\n\u003c\/div\u003e\n\u003c\/div\u003e\n\n\u003ch2\u003e\u003cspan style=\"color: #126CFF;\"\u003eHow much does an adventure race organizer make per race?\u003c\/span\u003e\u003c\/h2\u003e\u003cbr\u003e\n\u003cp\u003eAdventure Race Planning’s profit per race can’t be stated from the source data because the annual race count isn’t provided; use \u003cstrong\u003eannual EBITDA ÷ number of races\u003c\/strong\u003e, and keep owner pay separate. For demand context, see \u003ca href=\"\/blogs\/kpi-metrics\/adventure-race\"\u003eWhat Is The Current Engagement Level For Adventure Race Planning Events?\u003c\/a\u003e before setting race volume.\u003c\/p\u003e\n\u003cdiv class=\"container_2_clmn_row\"\u003e\n\u003cdiv class=\"card_smpl blue_card\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-colons-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch3\u003ePer-race math\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cul class=\"lst_crct_blog\"\u003e\n\u003cli\u003eYear 1 revenue: \u003cstrong\u003e$297,000\u003c\/strong\u003e\n\u003c\/li\u003e\n\u003cli\u003eYear 1 EBITDA: \u003cstrong\u003e$3,000\u003c\/strong\u003e\n\u003c\/li\u003e\n\u003cli\u003eYear 1 registrations: \u003cstrong\u003e1,500\u003c\/strong\u003e\n\u003c\/li\u003e\n\u003cli\u003eProfit per race: \u003cstrong\u003e$3,000 ÷ race count\u003c\/strong\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"card_smpl\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-intro-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch3\u003eKeep pay separate\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cul class=\"lst_crct_blog\"\u003e\n\u003cli\u003eOwner salary target: \u003cstrong\u003e$100,000\u003c\/strong\u003e\n\u003c\/li\u003e\n\u003cli\u003eOwner pay per race: \u003cstrong\u003e$100,000 ÷ race count\u003c\/strong\u003e\n\u003c\/li\u003e\n\u003cli\u003eYear 5 revenue: \u003cstrong\u003e$1.79 million\u003c\/strong\u003e\n\u003c\/li\u003e\n\u003cli\u003eYear 5 EBITDA: \u003cstrong\u003e$1.066 million\u003c\/strong\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003ch2\u003e\u003cspan style=\"color: #126CFF;\"\u003eCan you make a living organizing adventure races?\u003c\/span\u003e\u003c\/h2\u003e\u003cbr\u003e\n\u003cp\u003eYes, you can make a living with \u003cstrong\u003eAdventure Race Planning\u003c\/strong\u003e, but the \u003cstrong\u003e$100,000\u003c\/strong\u003e founder salary in the model is a planning assumption, not guaranteed income. With \u003cstrong\u003emonth 14 breakeven\u003c\/strong\u003e and a \u003cstrong\u003e30-month payback\u003c\/strong\u003e, cash discipline has to hold early, especially when seasonal events create uneven cash flow. The main risks are \u003cstrong\u003eweather\u003c\/strong\u003e, \u003cstrong\u003erefunds\u003c\/strong\u003e, \u003cstrong\u003epermitting delays\u003c\/strong\u003e, low registration, and sponsor dependence.\u003c\/p\u003e\n\u003cdiv class=\"container_2_clmn_row\"\u003e\n\u003cdiv class=\"card_smpl\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-intro-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch3\u003eCash reality\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cul class=\"lst_crct_blog\"\u003e\n\u003cli\u003e\n\u003cstrong\u003e$100,000\u003c\/strong\u003e is a model input.\u003c\/li\u003e\n\u003cli\u003eIt is not guaranteed take-home pay.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eMonth 14\u003c\/strong\u003e is breakeven.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e30 months\u003c\/strong\u003e is payback.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"card_smpl blue_card\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-colons-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch3\u003eWhat drives the risk\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cul class=\"lst_crct_blog\"\u003e\n\u003cli\u003eSeasonal events make cash uneven.\u003c\/li\u003e\n\u003cli\u003eOwner-run models save cash, but add workload.\u003c\/li\u003e\n\u003cli\u003eScaled models need staff and contractors.\u003c\/li\u003e\n\u003cli\u003eWeather and permits can break timing.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003ch2\u003e\u003cspan style=\"color: #126CFF;\"\u003eAre adventure races profitable after expenses?\u003c\/span\u003e\u003c\/h2\u003e\u003cbr\u003e\n\u003cp\u003eYes, Adventure Race Planning can make money, but the early margin is tight. In the researched case, \u003cstrong\u003eYear 1 EBITDA\u003c\/strong\u003e is \u003cstrong\u003e$3,000\u003c\/strong\u003e on \u003cstrong\u003e$297,000\u003c\/strong\u003e revenue, and the startup-cost side is laid out here: \u003ca href=\"\/blogs\/startup-costs\/adventure-race\"\u003eWhat Is The Estimated Cost To Open Your Adventure Race Planning Business?\u003c\/a\u003e. Safety, insurance, timing, transport, and permits should stay in the budget, not get treated like easy cuts.\u003c\/p\u003e\n\u003cdiv class=\"container_2_clmn_row\"\u003e\n\u003cdiv class=\"card_smpl blue_card\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-colons-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch3\u003eYear 1 margin\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cul class=\"lst_crct_blog\"\u003e\n\u003cli\u003e\n\u003cstrong\u003e$3,000\u003c\/strong\u003e EBITDA on \u003cstrong\u003e$297,000\u003c\/strong\u003e revenue\u003c\/li\u003e\n\u003cli\u003eAbout \u003cstrong\u003e1%\u003c\/strong\u003e EBITDA margin\u003c\/li\u003e\n\u003cli\u003eDirect race ops and supplies: \u003cstrong\u003e90%\u003c\/strong\u003e in Year 1\u003c\/li\u003e\n\u003cli\u003eMarketing and contract race-day staff: \u003cstrong\u003e70%\u003c\/strong\u003e in Year 1\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"card_smpl\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-intro-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch3\u003eYear 5 shift\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cul class=\"lst_crct_blog\"\u003e\n\u003cli\u003e\n\u003cstrong\u003e$1066 million\u003c\/strong\u003e EBITDA on \u003cstrong\u003e$179 million\u003c\/strong\u003e revenue\u003c\/li\u003e\n\u003cli\u003eReported margin: about \u003cstrong\u003e596%\u003c\/strong\u003e\n\u003c\/li\u003e\n\u003cli\u003eDirect race ops and supplies: \u003cstrong\u003e75%\u003c\/strong\u003e in Year 5\u003c\/li\u003e\n\u003cli\u003eMarketing and contract race-day staff: \u003cstrong\u003e55%\u003c\/strong\u003e in Year 5\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\n\n\u003ch2\u003e\u003cspan style=\"color: #126CFF;\"\u003eWant the six biggest income drivers?\n\u003c\/span\u003e\u003c\/h2\u003e\n\u003csection class=\"fml-main-income-drivers\" aria-label=\"Accessible label for the Main Income Drivers card grid.\"\u003e\u003carticle class=\"driver-option is-cards\"\u003e\u003cdiv class=\"main-driver-grid\"\u003e\n\u003carticle class=\"main-driver-card is-primary\"\u003e\u003cdiv class=\"main-driver-heading\"\u003e\n\u003cspan class=\"driver-rank\"\u003e1\u003c\/span\u003e\u003ch4\u003eRegistrations\u003c\/h4\u003e\n\u003c\/div\u003e\n\u003cstrong\u003e$225K-$1.36M\u003c\/strong\u003e\u003cp\u003eAt 1,500 registrations at $150 and 8,000 at $170, this is the core revenue line and the fastest path to owner profit.\u003c\/p\u003e\u003c\/article\u003e\u003carticle class=\"main-driver-card\"\u003e\u003cdiv class=\"main-driver-heading\"\u003e\n\u003cspan class=\"driver-rank\"\u003e2\u003c\/span\u003e\u003ch4\u003eEvent Mix\u003c\/h4\u003e\n\u003c\/div\u003e\n\u003cstrong\u003eEditable\u003c\/strong\u003e\u003cp\u003eBecause race count isn't set, more events or a better format mix can lift revenue without a matching jump in fixed cost.\u003c\/p\u003e\u003c\/article\u003e\u003carticle class=\"main-driver-card\"\u003e\u003cdiv class=\"main-driver-heading\"\u003e\n\u003cspan class=\"driver-rank\"\u003e3\u003c\/span\u003e\u003ch4\u003eSponsorships\u003c\/h4\u003e\n\u003c\/div\u003e\n\u003cstrong\u003e$25K-$126K\u003c\/strong\u003e\u003cp\u003eFive to 18 packages at $5K to $7K add high-margin cash, so even one extra sponsor can move take-home.\u003c\/p\u003e\u003c\/article\u003e\u003carticle class=\"main-driver-card\"\u003e\u003cdiv class=\"main-driver-heading\"\u003e\n\u003cspan class=\"driver-rank\"\u003e4\u003c\/span\u003e\u003ch4\u003eAdd-ons\u003c\/h4\u003e\n\u003c\/div\u003e\n\u003cstrong\u003e$47K-$304K\u003c\/strong\u003e\u003cp\u003eMerch, photos, training, concessions, and VIP passes scale fast and usually carry better margin than core race fees.\u003c\/p\u003e\u003c\/article\u003e\u003carticle class=\"main-driver-card\"\u003e\u003cdiv class=\"main-driver-heading\"\u003e\n\u003cspan class=\"driver-rank\"\u003e5\u003c\/span\u003e\u003ch4\u003eDirect Costs\u003c\/h4\u003e\n\u003c\/div\u003e\n\u003cstrong\u003e$27K-$134K\u003c\/strong\u003e\u003cp\u003eEvent ops and participant supplies take a real bite, so tighter setup and buying keep more revenue after race-day spend.\u003c\/p\u003e\u003c\/article\u003e\u003carticle class=\"main-driver-card\"\u003e\u003cdiv class=\"main-driver-heading\"\u003e\n\u003cspan class=\"driver-rank\"\u003e6\u003c\/span\u003e\u003ch4\u003eLabor Mix\u003c\/h4\u003e\n\u003c\/div\u003e\n\u003cstrong\u003e20%-15%\u003c\/strong\u003e\u003cp\u003eContract staff falls from 20% to 15%, but payroll still grows and cancellation risk can push the Month 24 cash trough to $852K, so thin reserves can cut owner draws fast.\u003c\/p\u003e\u003c\/article\u003e\n\u003c\/div\u003e\u003c\/article\u003e\u003c\/section\u003e\u003cbr\u003e\u003ch2\u003e\u003cspan style=\"color: #126CFF;\"\u003eAdventure Race Planning Core Six Income Drivers\u003c\/span\u003e\u003c\/h2\u003e\u003cbr\u003e\u003cbr\u003e\n\u003ch3\u003e\u003cspan style=\"color: #126CFF;\"\u003eRegistration Volume And Entry-Fee Pricing\u003c\/span\u003e\u003c\/h3\u003e\u003cbr\u003e\n\u003cdiv class=\"container_new_design_timeline\"\u003e\n\u003cdiv class=\"left-row1\"\u003e\n\u003ch3\u003eRegistration Volume\u003c\/h3\u003e\n\u003cp\u003eWhen more racers buy in at a higher fee, this is the fastest way to lift owner income. Here’s the quick math: \u003cstrong\u003e1,500 registrations x $150 = $225,000\u003c\/strong\u003e, while \u003cstrong\u003e8,000 x $170 = $1,360,000\u003c\/strong\u003e. That’s why registration volume and price set the top line, and then decide how much is left after safety, timing, and course costs.\u003c\/p\u003e\n\u003cp\u003ePrice only works if the race feels worth it. Entry fees have to match race quality, safety planning, location, route design, and format. \u003cstrong\u003eEarly-bird pricing\u003c\/strong\u003e can improve sell-through, but it lowers average fee. \u003cstrong\u003eRefund rules\u003c\/strong\u003e also change cash exposure, and \u003cstrong\u003eteam entries\u003c\/strong\u003e can raise volume only if the course and operations can handle the load.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"right-row1\"\u003e\n\u003cdiv class=\"tips-box\"\u003e\n\u003ch3\u003eTrack Fee Mix and Fill Rate\u003c\/h3\u003e\n\u003cp\u003eWatch \u003cstrong\u003eregistrations sold\u003c\/strong\u003e, \u003cstrong\u003eaverage fee per entry\u003c\/strong\u003e, \u003cstrong\u003eearly-bird share\u003c\/strong\u003e, \u003cstrong\u003erefund rate\u003c\/strong\u003e, and \u003cstrong\u003eteam-entry share\u003c\/strong\u003e. If early-bird sales fill slots too cheaply, owner profit can flatten even when the event looks busy. The goal is not just more starts; it is more paid starts at a fee that covers safety, overhead, and a real profit draw.\u003c\/p\u003e\n\u003cp\u003eTest price steps against capacity. If the field is close to sold out, a \u003cstrong\u003e$20 fee lift\u003c\/strong\u003e on a full event can add meaningful revenue without extra course cost, but only if service levels stay high. If the event sells slowly, use early-bird windows to pull cash in sooner, then tighten refund terms so weather or cancellation risk does not hit owner pay.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"timeline\"\u003e\u003c\/div\u003e\n\u003cdiv class=\"step-circle step1\"\u003e1\u003c\/div\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003cbr\u003e\u003ch3\u003e\u003cspan style=\"color: #126CFF;\"\u003eEvent Frequency And Format Mix\u003c\/span\u003e\u003c\/h3\u003e\u003cbr\u003e\n\u003cdiv class=\"container_new_design_timeline\"\u003e\n  \u003cdiv class=\"right-row2\"\u003e\n    \u003ch3\u003eEvent Frequency And Format Mix\u003c\/h3\u003e\n    \u003cp\u003e\u003cstrong\u003eFewer large races\u003c\/strong\u003e can lift ticket price, but \u003cstrong\u003emore repeatable events\u003c\/strong\u003e spread fixed overhead across more starts, sponsors, and repeat participants. Since race count isn’t given, model both paths: a single high-touch course can raise revenue per event, while a series format can smooth cash flow and reduce dependence on one weekend.\u003c\/p\u003e\n    \u003cp\u003eHere’s the tradeoff: bigger formats can support higher pricing, but they also push \u003cstrong\u003esafety\u003c\/strong\u003e, \u003cstrong\u003etransport\u003c\/strong\u003e, \u003cstrong\u003etiming\u003c\/strong\u003e, and owner workload higher. The key inputs are event count, average starts per event, sponsor count, repeat-entry rate, and fixed overhead. If the extra gross profit doesn’t beat the added operating load, owner pay gets squeezed.\u003c\/p\u003e\n  \u003c\/div\u003e\n  \u003cdiv class=\"left-row2\"\u003e\n    \u003cdiv class=\"tips-box\"\u003e\n      \u003ch3\u003eTest Series Versus One-Off Races\u003c\/h3\u003e\n      \u003cp\u003eTrack \u003cstrong\u003erevenue per event\u003c\/strong\u003e, \u003cstrong\u003egross margin\u003c\/strong\u003e, and \u003cstrong\u003eowner hours\u003c\/strong\u003e by format. A repeatable trail, biking, navigation, or multi-sport series is easier to forecast than a single flagship race, and it can improve cash collection from registrations and sponsors. But if each added event creates more permits, staffing, and timing cost, margin can stall fast.\u003c\/p\u003e\n      \u003cul class=\"lst_crct_blog\"\u003e\n        \u003cli\u003eCompare \u003cstrong\u003estarts per event\u003c\/strong\u003e and fee per start.\u003c\/li\u003e\n        \u003cli\u003eTest \u003cstrong\u003erepeat participant rate\u003c\/strong\u003e by format.\u003c\/li\u003e\n        \u003cli\u003ePrice for \u003cstrong\u003esafety, transport, timing\u003c\/strong\u003e.\u003c\/li\u003e\n        \u003cli\u003eCap owner workload before adding dates.\u003c\/li\u003e\n      \u003c\/ul\u003e\n    \u003c\/div\u003e\n  \u003c\/div\u003e\n  \u003cdiv class=\"timeline\"\u003e\u003c\/div\u003e\n  \u003cdiv class=\"step-circle step2\"\u003e2\u003c\/div\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003cbr\u003e\u003ch3\u003e\u003cspan style=\"color: #126CFF;\"\u003eSponsorship And Partnership Revenue\u003c\/span\u003e\u003c\/h3\u003e\u003cbr\u003e\n\u003cdiv class=\"container_new_design_timeline\"\u003e\n\u003cdiv class=\"left-row3\"\u003e\n\u003ch3\u003eSponsorship Revenue\u003c\/h3\u003e\n\u003cp\u003eSponsorship is upside cash, not base-case cash. In the model, packages grow from \u003cstrong\u003e5 at $5,000\u003c\/strong\u003e to \u003cstrong\u003e18 at $7,000\u003c\/strong\u003e, so sponsor revenue rises from \u003cstrong\u003e$25,000 in Year 1\u003c\/strong\u003e to \u003cstrong\u003e$126,000 in Year 5\u003c\/strong\u003e. That income can lift owner pay fast because it has little direct cost, but only if the event has enough audience, repeat exposure, and clean sponsor reporting.\u003c\/p\u003e\n\u003cp\u003eLocal businesses, outdoor gear partners, tourism groups, and vendor booths can improve margin beyond entry fees. The quick math is simple: more sponsors at a higher price means more gross profit, but weak turnout or one-off events shrink value. \u003cstrong\u003eIf the race does not create visible reach, sponsor cash stays uneven.\u003c\/strong\u003e\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"right-row3\"\u003e\n\u003cdiv class=\"tips-box\"\u003e\n\u003ch3\u003eMeasure Sponsor Value\u003c\/h3\u003e\n\u003cp\u003eTrack what sponsors actually buy: athlete count, repeat events, logo placement, email reach, and post-race recap data. Sponsor pricing should rise only when those proof points improve. \u003cstrong\u003eAudience size, repeat events, visibility, and post-race reporting\u003c\/strong\u003e are the real inputs, not hope. That keeps the forecast tied to cash the business can actually collect.\u003c\/p\u003e\n\u003cp\u003eUse separate lines for title sponsors, partner sponsors, and vendor booths so you can see margin by package. If booth fees and partner cash cover more fixed event overhead, more entry-fee revenue can flow to profit and owner draw. \u003cstrong\u003eModel sponsorship as upside, and stress-test it at zero.\u003c\/strong\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct_blog\"\u003e\n\u003cli\u003eTrack sponsor count by tier.\u003c\/li\u003e\n\u003cli\u003eMeasure cash collected, not pledges.\u003c\/li\u003e\n\u003cli\u003eReport reach after each event.\u003c\/li\u003e\n\u003cli\u003eTest booth sales by location.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"timeline\"\u003e\u003c\/div\u003e\n\u003cdiv class=\"step-circle step3\"\u003e3\u003c\/div\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003cbr\u003e\u003ch3\u003e\u003cspan style=\"color: #126CFF;\"\u003eDirect Event Logistics, Permits, Insurance, And Safety Costs\u003c\/span\u003e\u003c\/h3\u003e\u003cbr\u003e\n\u003cdiv class=\"container_new_design_timeline\"\u003e\n\u003cdiv class=\"right-row4\"\u003e\n\u003ch3\u003eDirect Event Logistics And Safety Costs\u003c\/h3\u003e\n\u003cp\u003e\u003cstrong\u003eDirect event operations\u003c\/strong\u003e eat \u003cstrong\u003e60%\u003c\/strong\u003e of revenue in Year 1 and \u003cstrong\u003e50%\u003c\/strong\u003e in Year 5, while participant supplies run \u003cstrong\u003e30%\u003c\/strong\u003e to \u003cstrong\u003e25%\u003c\/strong\u003e. That means the event starts with thin gross profit, so owner pay depends on clean execution and strong pricing. \u003cstrong\u003eBusiness insurance is $300 per month\u003c\/strong\u003e, and the upfront asset base includes \u003cstrong\u003e$73,000\u003c\/strong\u003e in race equipment, vehicle, tents, tables, and medical gear.\u003c\/p\u003e\n\u003cp\u003eThis driver includes route setup, land access, timing, communications, medical coverage, and equipment transport. Here’s the quick math: if revenue is \u003cstrong\u003e$100,000\u003c\/strong\u003e, Year 1 direct ops and supplies can consume \u003cstrong\u003e$90,000\u003c\/strong\u003e before other overhead. The work protects the event, but every extra course mile, permit, or safety crew lowers cash available for the owner unless registration volume and pricing are high enough.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"left-row4\"\u003e\n\u003cdiv class=\"tips-box\"\u003e\n\u003ch3\u003eTrack Safety Cost Per Event\u003c\/h3\u003e\n\u003cp\u003eMeasure cost per participant and cost per race, not just total spend. Split the model into \u003cstrong\u003edirect ops\u003c\/strong\u003e, \u003cstrong\u003eparticipant supplies\u003c\/strong\u003e, and \u003cstrong\u003einsurance\u003c\/strong\u003e, then test each event by route complexity, land access, timing setup, and medical coverage. If one race needs more transport or staffing, price it higher or shrink the course.\u003c\/p\u003e\n\u003cp\u003eUse a simple control sheet:\u003c\/p\u003e\n\u003cul class=\"lst_crct_blog\"\u003e\n\u003cli\u003eTrack cost as percent of revenue\u003c\/li\u003e\n\u003cli\u003eLog permit and access fees\u003c\/li\u003e\n\u003cli\u003eBudget equipment transport separately\u003c\/li\u003e\n\u003cli\u003eReview safety spend before owner draw\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"timeline\"\u003e\u003c\/div\u003e\n\u003cdiv class=\"step-circle step4\"\u003e4\u003c\/div\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003cbr\u003e\u003ch3\u003e\u003cspan style=\"color: #126CFF;\"\u003eStaffing, Contractors, Volunteers, And Owner Workload\u003c\/span\u003e\u003c\/h3\u003e\u003cbr\u003e\n\u003cdiv class=\"container_new_design_timeline\"\u003e\n  \u003cdiv class=\"left-row5\"\u003e\n    \u003ch3\u003eRace Staffing Load\u003c\/h3\u003e\n    \u003cp\u003eLabor is the margin gate here: contract race-day wages run \u003cstrong\u003e20% of revenue in Year 1\u003c\/strong\u003e and \u003cstrong\u003e15% in Year 5\u003c\/strong\u003e, while the full payroll stack totals \u003cstrong\u003e$340,000\u003c\/strong\u003e at scale. The founder’s \u003cstrong\u003e$100,000\u003c\/strong\u003e pay is part of that stack, so owner income only rises if event revenue grows faster than staffing cost.\u003c\/p\u003e\n    \u003cp\u003eVolunteers can cut the cash load, but only for support work. They do not replace paid skill in safety, timing, medical, or logistics, and that’s where bad staffing shows up fast in refunds, delays, and stress. If the owner does everything personally, short-term profit may look better, but the business will hit a ceiling sooner.\u003c\/p\u003e\n  \u003c\/div\u003e\n  \u003cdiv class=\"right-row5\"\u003e\n    \u003cdiv class=\"tips-box\"\u003e\n      \u003ch3\u003eCut\nLabor Waste\u003c\/h3\u003e\n      \u003cp\u003eBuild the model from \u003cstrong\u003eregistrations\u003c\/strong\u003e, event count, labor hours per race, contractor rates, volunteer coverage, and fixed payroll. Here’s the quick math: if volume rises but labor stays at \u003cstrong\u003e20%\u003c\/strong\u003e instead of trending toward \u003cstrong\u003e15%\u003c\/strong\u003e, the extra sales won’t fall through to owner pay as fast as expected.\u003c\/p\u003e\n      \u003cp\u003eTrack labor by race, not just by month. The useful checks are simple: paid staff per participant, founder hours on operations, and whether volunteer help is covering support tasks instead of core control jobs. If the team still depends on the owner for timing, safety, or logistics, growth is capped and execution risk stays high.\u003c\/p\u003e\n      \u003cul class=\"lst_crct_blog\"\u003e\n        \u003cli\u003eTrack labor percent by event.\u003c\/li\u003e\n        \u003cli\u003eWatch paid staff per participant.\u003c\/li\u003e\n        \u003cli\u003eLog founder hours weekly.\u003c\/li\u003e\n        \u003cli\u003eAssign volunteers to support tasks.\u003c\/li\u003e\n        \u003cli\u003eKeep core safety roles paid.\u003c\/li\u003e\n      \u003c\/ul\u003e\n    \u003c\/div\u003e\n  \u003c\/div\u003e\n  \u003cdiv class=\"timeline\"\u003e\u003c\/div\u003e\n  \u003cdiv class=\"step-circle step5\"\u003e5\u003c\/div\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003cbr\u003e\u003ch3\u003e\u003cspan style=\"color: #126CFF;\"\u003eReserves, Refunds, Cancellation Risk, And Seasonality\u003c\/span\u003e\u003c\/h3\u003e\u003cbr\u003e\n\u003cdiv class=\"container_new_design_timeline\"\u003e\n\u003cdiv class=\"right-row6\"\u003e\n\u003ch3\u003eReserves, Refunds, and Seasonal Cash\u003c\/h3\u003e\n\u003cp\u003eFor an adventure race operator, \u003cstrong\u003eEBITDA is not distributable cash\u003c\/strong\u003e. Weather, permitting delays, low registrations, refund claims, and sponsor checks that land late can squeeze cash even when profit looks fine. In this model, \u003cstrong\u003ebreakeven lands in Month 14\u003c\/strong\u003e, payback takes \u003cstrong\u003e30 months\u003c\/strong\u003e, and minimum cash bottoms at \u003cstrong\u003e$852,000 in Month 24\u003c\/strong\u003e, so owner pay should wait until reserve targets are funded.\u003c\/p\u003e\n\u003cp\u003eTrack \u003cstrong\u003eregistration pace\u003c\/strong\u003e, refund exposure, sponsor payment timing, and the monthly cash floor before taking a draw. If cash falls below the reserve plan, owner income should pause because the event still needs money for permits, timing, safety, and reschedules. Reserve logic belongs \u003cstrong\u003ebelow profit and above distributions\u003c\/strong\u003e.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"left-row6\"\u003e\n\u003cdiv class=\"tips-box\"\u003e\n\u003ch3\u003eBuild the reserve before you pay yourself\u003c\/h3\u003e\n\u003cp\u003eMeasure booked registrations, refunded entries, sponsor invoices outstanding, and committed event cash by month. The key test is simple: can cash stay above the \u003cstrong\u003e$852,000\u003c\/strong\u003e low point even if a race shifts or rain cuts turnout? If not, keep earnings in reserve and delay owner distributions.\u003c\/p\u003e\n\u003cul class=\"lst_crct_blog\"\u003e\n\u003cli\u003eForecast cash by event month.\u003c\/li\u003e\n\u003cli\u003eSeparate profit from available cash.\u003c\/li\u003e\n\u003cli\u003eHold refund and weather reserves.\u003c\/li\u003e\n\u003cli\u003ePay owner after reserve funding.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003eUse a tighter draw policy when sponsor cash arrives after event costs or when early registrations lag. That protects the season from a bad-weather weekend, a permit slip, or a late-selling race, and it keeps owner income tied to real surplus, not paper profit.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"timeline\"\u003e\u003c\/div\u003e\n\u003cdiv class=\"step-circle step6\"\u003e6\u003c\/div\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003ch2\u003e\u003cspan style=\"color: #126CFF;\"\u003eCompare lean, base, and high owner-income cases\n\u003c\/span\u003e\u003c\/h2\u003e\n\u003csection class=\"fml-scenario-table\" aria-label=\"Adventure Race Planning Owner Income Scenarios\" data-site-name=\"Financial Models Lab\" data-site-url=\"https:\/\/financialmodelslab.com\" data-source-title=\"Adventure Race Planning Owner Income Scenarios\" data-note-label=\"Planning note\" data-note-text=\"These ranges are researched planning assumptions, not guaranteed earnings, salary promises, tax advice, or distribution forecasts.\"\u003e\u003cdiv class=\"fml-scenario-table-card\"\u003e\n\u003cheader class=\"fml-scenario-table-header\"\u003e\u003cdiv\u003e\n\u003cp class=\"fml-scenario-table-eyebrow\"\u003eOwner income scenarios\u003c\/p\u003e\n\u003cp class=\"fml-scenario-table-description\"\u003eRace count stays editable because the model gives registrations, not event count. Owner pay shifts with registrations, sponsor packages, merch, and VIP passes, while direct costs, payroll, overhead, and reserve needs hold take-home down.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"fml-scenario-table-actions\"\u003e\u003cbutton class=\"fml-scenario-table-export\" type=\"button\" data-scenario-export\u003eEXPORT XLSX\u003c\/button\u003e\u003c\/div\u003e\u003c\/header\u003e\u003cdiv class=\"fml-scenario-table-wrap\"\u003e\u003ctable class=\"fml-scenario-table-grid\"\u003e\n\u003ccaption\u003eThree owner-pay cases based on the modeled event mix and cost structure.\u003c\/caption\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth class=\"fml-scenario-table-stub\" scope=\"col\" data-export-value=\"Scenario\"\u003eScenario\u003c\/th\u003e\n\u003cth class=\"fml-scenario-table-column\" scope=\"col\" data-export-value=\"Low Case\"\u003e\n\u003cspan class=\"fml-scenario-column-title\"\u003eLow Case\u003c\/span\u003e\u003cspan class=\"fml-scenario-badge is-soft\"\u003eDownside case\u003c\/span\u003e\n\u003c\/th\u003e\n\u003cth class=\"fml-scenario-table-column\" scope=\"col\" data-export-value=\"Base Case\"\u003e\n\u003cspan class=\"fml-scenario-column-title\"\u003eBase Case\u003c\/span\u003e\u003cspan class=\"fml-scenario-badge is-soft\"\u003eBase case\u003c\/span\u003e\n\u003c\/th\u003e\n\u003cth class=\"fml-scenario-table-column\" scope=\"col\" data-export-value=\"High Case\"\u003e\n\u003cspan class=\"fml-scenario-column-title\"\u003eHigh Case\u003c\/span\u003e\u003cspan class=\"fml-scenario-badge is-warning\"\u003eUpside case\u003c\/span\u003e\n\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr data-scenario-row\u003e\n\u003cth class=\"fml-scenario-row-heading\" scope=\"row\" data-export-value=\"Launch model\"\u003e\u003cspan class=\"fml-scenario-row-heading-inner\"\u003e\u003cspan class=\"fml-scenario-row-icon is-launch\" aria-hidden=\"true\"\u003e\u003cimg class=\"fml-scenario-row-icon-img\" src=\"\/cdn\/shop\/files\/scenario-launch-model.svg\" alt=\"Launch model icon\" loading=\"lazy\"\u003e\u003c\/span\u003e\u003cspan\u003e\u003cspan class=\"fml-scenario-row-title\"\u003eLaunch model\u003c\/span\u003e\u003c\/span\u003e\u003c\/span\u003e\u003c\/th\u003e\n\u003ctd data-export-value=\"This is the tight case, where owner pay stays close to the modeled salary and profit is thin.\"\u003eThis is the tight case, where owner pay stays close to the modeled salary and profit is thin.\u003c\/td\u003e\n\u003ctd data-export-value=\"This is the model case, where mid-level volume starts to support salary plus a modest draw.\"\u003eThis is the model case, where mid-level volume starts to support salary plus a modest draw.\u003c\/td\u003e\n\u003ctd data-export-value=\"This is the upside case, where higher volume can support salary plus a stronger draw.\"\u003eThis is the upside case, where higher volume can support salary plus a stronger draw.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr data-scenario-row\u003e\n\u003cth class=\"fml-scenario-row-heading\" scope=\"row\" data-export-value=\"Typical setup\"\u003e\u003cspan class=\"fml-scenario-row-heading-inner\"\u003e\u003cspan class=\"fml-scenario-row-icon is-setup\" aria-hidden=\"true\"\u003e\u003cimg class=\"fml-scenario-row-icon-img\" src=\"\/cdn\/shop\/files\/scenario-typical-setup.svg\" alt=\"Typical setup icon\" loading=\"lazy\"\u003e\u003c\/span\u003e\u003cspan\u003e\u003cspan class=\"fml-scenario-row-title\"\u003eTypical setup\u003c\/span\u003e\u003c\/span\u003e\u003c\/span\u003e\u003c\/th\u003e\n\u003ctd data-export-value=\"Race count stays editable; Year 1 uses 1,500 registrations at $150, 5 sponsorships, $297,000 revenue, and $3,000 EBITDA, so direct costs, overhead, payroll, and reserves leave little room beyond the $100,000 modeled founder salary.\"\u003eRace count stays editable; Year 1 uses 1,500 registrations at $150, 5 sponsorships, $297,000 revenue, and $3,000 EBITDA, so direct costs, overhead, payroll, and reserves leave little room beyond the $100,000 modeled founder salary.\u003c\/td\u003e\n\u003ctd data-export-value=\"Race count stays editable; Year 3 uses 4,000 registrations at $160, 12 sponsorships, $856,050 revenue, and $292,000 EBITDA, which can support the modeled founder salary with room for a modest owner draw after direct costs, overhead, payroll, and reserves.\"\u003eRace count stays editable; Year 3 uses 4,000 registrations at $160, 12 sponsorships, $856,050 revenue, and $292,000 EBITDA, which can support the modeled founder salary with room for a modest owner draw after direct costs, overhead, payroll, and reserves.\u003c\/td\u003e\n\u003ctd data-export-value=\"Race count stays editable; Year 5 uses 8,000 registrations at $170, 18 sponsorships, $1.79 million revenue, and $1.066 million EBITDA, so owner take-home can rise after direct costs, overhead, payroll, and a reserve set aside.\"\u003eRace count stays editable; Year 5 uses 8,000 registrations at $170, 18 sponsorships, $1.79 million revenue, and $1.066 million EBITDA, so owner take-home can rise after direct costs, overhead, payroll, and a reserve set aside.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr data-scenario-row\u003e\n\u003cth class=\"fml-scenario-row-heading\" scope=\"row\" data-export-value=\"Cost drivers\"\u003e\u003cspan class=\"fml-scenario-row-heading-inner\"\u003e\u003cspan class=\"fml-scenario-row-icon is-drivers\" aria-hidden=\"true\"\u003e\u003cimg class=\"fml-scenario-row-icon-img\" src=\"\/cdn\/shop\/files\/scenario-cost-drivers.svg\" alt=\"Cost drivers icon\" loading=\"lazy\"\u003e\u003c\/span\u003e\u003cspan\u003e\u003cspan class=\"fml-scenario-row-title\"\u003eCost drivers\u003c\/span\u003e\u003c\/span\u003e\u003c\/span\u003e\u003c\/th\u003e\n\u003ctd data-export-value=\"registrations; sponsorships; direct event costs; payroll; reserve cash\"\u003e\u003cul class=\"fml-scenario-list\"\u003e\n\u003cli\u003eregistrations\u003c\/li\u003e\n\u003cli\u003esponsorships\u003c\/li\u003e\n\u003cli\u003edirect event costs\u003c\/li\u003e\n\u003cli\u003epayroll\u003c\/li\u003e\n\u003cli\u003ereserve cash\u003c\/li\u003e\n\u003c\/ul\u003e\u003c\/td\u003e\n\u003ctd data-export-value=\"registrations; sponsorships; merch and VIP sales; payroll; fixed overhead\"\u003e\u003cul class=\"fml-scenario-list\"\u003e\n\u003cli\u003eregistrations\u003c\/li\u003e\n\u003cli\u003esponsorships\u003c\/li\u003e\n\u003cli\u003emerch and VIP sales\u003c\/li\u003e\n\u003cli\u003epayroll\u003c\/li\u003e\n\u003cli\u003efixed overhead\u003c\/li\u003e\n\u003c\/ul\u003e\u003c\/td\u003e\n\u003ctd data-export-value=\"registrations; sponsorships; merch and VIP sales; staff growth; reserve cash\"\u003e\u003cul class=\"fml-scenario-list\"\u003e\n\u003cli\u003eregistrations\u003c\/li\u003e\n\u003cli\u003esponsorships\u003c\/li\u003e\n\u003cli\u003emerch and VIP sales\u003c\/li\u003e\n\u003cli\u003estaff growth\u003c\/li\u003e\n\u003cli\u003ereserve cash\u003c\/li\u003e\n\u003c\/ul\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr data-scenario-row\u003e\n\u003cth class=\"fml-scenario-row-heading\" scope=\"row\" data-export-value=\"Owner income range\"\u003e\u003cspan class=\"fml-scenario-row-heading-inner\"\u003e\u003cspan class=\"fml-scenario-row-icon is-range\" aria-hidden=\"true\"\u003e\u003cimg class=\"fml-scenario-row-icon-img\" src=\"\/cdn\/shop\/files\/scenario-planning-range.svg\" alt=\"Owner income range icon\" loading=\"lazy\"\u003e\u003c\/span\u003e\u003cspan\u003e\u003cspan class=\"fml-scenario-row-title\"\u003eOwner income range\u003c\/span\u003e\u003cspan class=\"fml-scenario-row-subtitle\"\u003eBefore owner reserves\u003c\/span\u003e\u003c\/span\u003e\u003c\/span\u003e\u003c\/th\u003e\n\u003ctd data-export-value=\"$100k\"\u003e\n\u003cstrong class=\"fml-scenario-range\"\u003e$100k\u003c\/strong\u003e\u003cspan class=\"fml-scenario-badge is-soft\"\u003eSalary only\u003c\/span\u003e\n\u003c\/td\u003e\n\u003ctd data-export-value=\"$100k-$350k\"\u003e\n\u003cstrong class=\"fml-scenario-range\"\u003e$100k-$350k\u003c\/strong\u003e\u003cspan class=\"fml-scenario-badge is-soft\"\u003eModest draw\u003c\/span\u003e\n\u003c\/td\u003e\n\u003ctd data-export-value=\"$300k-$750k\"\u003e\n\u003cstrong class=\"fml-scenario-range\"\u003e$300k-$750k\u003c\/strong\u003e\u003cspan class=\"fml-scenario-badge is-warning\"\u003eStrong draw\u003c\/span\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr data-scenario-row\u003e\n\u003cth class=\"fml-scenario-row-heading\" scope=\"row\" data-export-value=\"Best fit\"\u003e\u003cspan class=\"fml-scenario-row-heading-inner\"\u003e\u003cspan class=\"fml-scenario-row-icon is-fit\" aria-hidden=\"true\"\u003e\u003cimg class=\"fml-scenario-row-icon-img\" src=\"\/cdn\/shop\/files\/scenario-best-fit.svg\" alt=\"Best fit icon\" loading=\"lazy\"\u003e\u003c\/span\u003e\u003cspan\u003e\u003cspan class=\"fml-scenario-row-title\"\u003eBest fit\u003c\/span\u003e\u003c\/span\u003e\u003c\/span\u003e\u003c\/th\u003e\n\u003ctd data-export-value=\"Use this to stress-test cash flow when launch volume is light and reserve needs are tight.\"\u003eUse this to stress-test cash flow when launch volume is light and reserve needs are tight.\u003c\/td\u003e\n\u003ctd data-export-value=\"Use this as the core planning case for lender, investor, or owner cash planning.\"\u003eUse this as the core planning case for lender, investor, or owner cash planning.\u003c\/td\u003e\n\u003ctd data-export-value=\"Use this to test upside when event volume, sponsor count, and merch sales all run strong.\"\u003eUse this to test upside when event volume, sponsor count, and merch sales all run strong.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\u003c\/div\u003e\n\u003cdiv class=\"fml-scenario-table-note\"\u003e\n\u003cspan class=\"fml-scenario-table-note-icon\" aria-hidden=\"true\"\u003e!\u003c\/span\u003e\u003cp\u003e\u003cstrong\u003ePlanning note:\u003c\/strong\u003e These ranges are researched planning assumptions, not guaranteed earnings, salary promises, tax advice, or distribution forecasts.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\u003c\/section\u003e","brand":"FinancialModelsLab","offers":[{"title":"Default Title","offer_id":49303719772403,"sku":"adventure-race-owner-makes","price":0.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0522\/6191\/2762\/files\/adventure-race-owner-makes.webp?v=1782674812","url":"https:\/\/financialmodelslab.com\/products\/adventure-race-owner-makes","provider":"Financial Models Lab","version":"1.0","type":"link"}