A proper Formula Student team is a small business in its own right. The team must govern themselves, find funding and manage their budgets, recruit talents, design and produce an entire vehicle, manage sponsors and suppliers, and develop a long-term plan. Of course, teams execute this to different degrees of professionalism (after all, it is a competition), but the perennial favorites are run much like small companies. Being a part of a team, requires students to learn and master all these aspects and the consequences of neglecting areas can have effects which last long beyond the few seasons for which the students are actually on the team. Imagine your entire staff working on a 2 to 4 year contract and having to replenish their skills and knowledge on such a short cycle. The team’s that do it well have some truly innovative vehicles and are at the top of the leaderboard for more than just a couple of seasons.