These livery designs are very typical of todays racing world. they incorporate eye catching design as well as making sure that all the sponsor logos are clearly visible.
When designing the racing team, in-particular its car design, I would like to add real racing sponsors to give it a realistic and cutting edge look. I think incorporating sponsors is very important in racing as all of the money is funded through big companies as well as the companies that produce components for the car such as the tyre's and motor oil.
The livery will have to match the colour schemes and the overall design aspects of the parent company. This will give me something to work to. Rather than just creating random designs that have no meaning or concept.