To develop a small race car powered by a 3.2 cc internal combustion engine, it's essential to begin by researching existing models and components available on the market. Exploring resources like Tower Hobbies can provide insights into suitable parts and kits. Additionally, studying race car aerodynamics through recommended literature can enhance design efficiency. Focusing on the chassis construction is crucial, as it forms the foundation of the vehicle's performance. Starting with these steps will set a solid groundwork for the project.