Start a Race Team

Have you ever wanted to start a race team?

Steps

First choose what type team you want to start (Bandolero, Legend cars and go karts are all examples of different style race teams you can start.
Then save up. You are going to need to some money to start yourself off.
Then what you will have to do is purchase some cars. The number of cars you will need to purchase depends on whether you want a one two or three car team (You can have a larger team than that).
The next thing you will have to do is find some tools and a crew. You will need tools to work on the cars and make them just right for the drivers and you will need a crew to do that. It is easier to have your crew be people you know and are friends with that share the same hobby as you, so you don't end up paying to much on a crew you have never met before.
Next you will need drivers. Drivers are not hard to find, there are plenty of good drivers out there, looking for rides. The challenging part is finding a driver that is just right for your team (that might even be you).
And lastly, you need to find a sponsor a company (optionally) you will advertise in return for money. This is how you make additional profit.

Remember to get back up equipment (tools and cars) in case something breaks during testing and you still want to race.

Don't go digging in your pockets for money to make your equipment the best of the best as soon as you have bought cars. What is important is that your cars are consistent and attract sponsors, that way you can make a profit and make your team better and better as you go.