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Just over forty-five years after college professor James Naismith tossed the first jump ball in the air, the NBA was founded and has, some seventy plus years later, emerged as the premiere basketball league in the world. The NBA is also a multibillion-dollar business generating wealth from sources that include ticket sales, merchandising, and television revenue. But the league was not always the shining example of incredible business success it is today. In the early years, the NBA was faced with teams folding, fans getting bored, and disenchanted players. Like many startup businesses, there were numerous challenges and off-the-court pivots that would need to be made before the league would begin what has become a meteoric rise. This book will teach entrepreneurs, innovators, marketers, and executives what they need to know about keeping a dream alive, surviving a financial crisis, and building a loyal fanbase.
Rich Mintzer is an author and ghostwriter with over 70 published non-fiction books to his credit. He started with a humor book that sold 100,000 copies and kept on writing. Rich has served as an editor at Warner Books, a television writer for the Rosie O’Donnell Show and USA Up All Night, a radio writer and producer, and is currently a writer for the ghostwriting firm, Kevin Anderson & Associates. Prior to the dot.com crash he also worked as a content editor/writer for several websites. He has been an NBA basketball fan for nearly 50 years.
The NBA presented a professional version of a game created in the 1890s and was the culmination of two existing professional basketball leagues. You don’t have to reinvent the wheel.
From a league of seventeen teams, the NBA has expanded to a thirty-team league, encouraging franchise owners to seek out new locations. Never stop extending your brand.
While most businesses will not have superstar athletes to promote their brand, develop and utilize community influencers or a spokesperson to grow your brand. Utilize brand ambassadors and follow trends.
For years the NBA has used community outreach programs to improve education, rebuild neighborhoods, and meet social needs. Be community minded, locally and globally.