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Newsletter: How Arranging for Peoples Face’s to be kicked in Led to a Billion Dollar Business
Newsletter: How Arranging for Peoples Face’s to be kicked in Led to a Billion Dollar Business
This is the New Money Talks Newsletter, packed with entrepreneurs’ personal stories, real estate investing, financial tips, and more! All in three sections!
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The Ultimate Fighting Championship, commonly known as UFC, is a household name in mixed martial arts (MMA). But the journey to the top wasn't easy. This newsletter explores the rise of UFC, its founding story, and the lessons we can glean from its success.
The Humble Beginnings
UFC was created in 1993 by Art Davie, Rorion Gracie, Bob Meyrowitz, and Campbell McLaren. The idea was sparked by Rorion's desire to showcase the effectiveness of Brazilian Jiu-Jitsu to the world. The first event was a one-night tournament that aimed to find the world's best fighting style. It was a unique concept, but it faced severe criticism and even legal challenges.
Overcoming Obstacles
The early years of UFC were fraught with controversy. Critics lambasted it as too violent, and it was even banned in several states. They had to operate without sanctioning, which hurt their image. But rather than bowing down, UFC decided to reform. They introduced weight classes, gloves, and a detailed rulebook to regulate the fights.
UFC's Ascension
In 2001, the UFC was on the brink of bankruptcy when it was bought by Zuffa, LLC, led by Dana White and the Fertitta brothers. They took a failing company and turned it into a billion-dollar entity, introducing the world to stars like Conor McGregor, Ronda Rousey, and Khabib Nurmagomedov. Today, UFC events are watched by millions of fans worldwide.
Lessons from UFC's Success
Persistence is Key
UFC's journey teaches us the importance of persistence. Despite facing numerous obstacles, UFC held on to its vision and persevered, eventually becoming a global phenomenon.
Adaptability is Crucial
UFC's willingness to adapt to criticism and make changes to improve its operations significantly contributed to its growth. This teaches us the value of adaptability in achieving success.
Passion Fuels Success
UFC's founders were driven by their passion for martial arts. It was this passion that kept them going even when the odds were stacked against them. This highlights the importance of passion in driving success.
Tweet of the Day
The the best personal brands I see have a similar formula …..
That is ….
1/2 Domain level expertise and providing value to their audience
1/2 Opening up/being vulnerable and storytelling about their personal challenges along the wayThe former gives them credibility and… twitter.com/i/web/status/1…
— daniel snow (@iamdansnow)
12:42 PM • Aug 20, 2023
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See you on Wednesday :)