What do racetracks and the mortgage business have in common?

My son started motorcycle track racing last summer. He wanted to get his motorcycle learner’s license, but as a former paramedic, I definitely had some misgivings. 

A friend suggested that he first learn to race on a track, as it would be a more controlled  environment in which to learn how to ride, and how to crash. (And yes, he has already crashed five or six times now.) 

Not surprisingly, he was thrilled with the idea. And, while “thrilled” might be a stretch, I’ve become more comfortable with the idea, mainly because of the advantages of learning on a track. 

First, at the track, he always has a coach, so he’s getting expert instruction on how to handle the bike. 

Second, crashing on the track is much safer than crashing on the road, where there are other obstacles to worry about (like telephone poles . . . and large vehicles). While crashing still hurts, it’s a safer experience on the track. 

Finally, racing is extremely intense, which makes riding on the road seem quite boring. The track gives him an outlet where he can test his limits while increasing his skill level and gaining experience. 

While at the track, I’ve met several long-time riders who have never crashed on a road or highway. I think that’s because they know how to ride, and have nothing to prove on the street. 

My son’s progress has been incredible. And having gained more knowledge about bikes and racing, I now find it far more interesting.

I’m sharing this because I find that some of my best business ideas don’t actually come from podcasts or business books, but from observing or participating in an unrelated hobby or event. 

On last week’s podcast, I share a few of the insights I have picked up from my time at the track: 

→ What do racetracks and the mortgage business have in common?