YOU DON'T HAVE WHAT IT TAKES...

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56 segments

0:00

You think you want to be an

0:01

entrepreneur. Every day, when your foot

0:03

hits the floor out of bed, you're going

0:05

to war.

0:05

>> There's going to be a ton of people

0:06

listening that want to be entrepreneurs.

0:08

Do you think most people are cut out for

0:09

it?

0:10

>> No. It's hard enough for a lot of people

0:11

to get up every day and depend on

0:12

themselves to take care of themselves.

0:15

When you're an entrepreneur, lots of

0:17

people depend on you. When I got into

0:19

this business, not a lot of people

0:20

believed in it. That's why we bought the

0:22

UFC for $2 million. If the Lakers just

0:25

sold for 12 and 1/2 billion,

0:27

then the UFC's worth 50 billion. When we

0:29

first bought the company, I was the

0:30

everything guy. You wear all the hats

0:32

when you start. Then, you start going

0:34

out and you start building a team. And

0:36

there are people who fit, and people who

0:38

work, and people who don't. And you have

0:40

to be really good at figuring out who

0:42

fits and who works and who doesn't. You

0:44

have to have talented people that are

0:46

not only really good at what they do,

0:48

but are hard workers, too, and have the

0:49

drive. Everybody has to be on board with

0:52

the vision. Once you build this like

0:54

rockstar

0:56

team, it becomes a well-oiled machine

0:59

where everything just starts to work the

1:01

right way. When we were going through

1:02

COVID, here's one thing that wasn't

1:04

going to happen. I didn't give a

1:05

We were not going to lay off our

1:07

employees. People thought they were

1:08

going to die. People didn't know what

1:09

was going on. Some people did die. Well,

1:11

your job as the CEO is to figure out how

1:14

to keep your business running and to

1:16

take care of all your people. You think

1:18

you want to be an entrepreneur, and you

1:19

think you want to be the CEO of a

1:21

company. Every day, when your foot hits

1:23

the floor out of bed, you're going to

1:25

war. People are coming after you every

1:27

day. And the more successful you become,

1:29

the more people that are coming after

1:30

you. I look at the UFC and other

1:33

businesses that I run as a battleship.

1:35

And me and my team are going to war. We

1:37

either all go down together or we don't

1:38

go down at all.

Interactive Summary

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The video features a discussion on the realities of being an entrepreneur, emphasizing that it is a demanding lifestyle that is not for everyone. The speaker reflects on the growth of the UFC, the importance of building a dedicated team, the responsibility a leader has toward their employees during crises like COVID-19, and the constant challenge of maintaining success in a competitive environment.