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#100August 5, 202059:01

#98 with Ryan Begelman - How to Bootstrap Buying a Mountain

About This Episode

Sam Parr sits down with entrepreneur Ryan Begelman to discuss his journey of bootstrapping BizNow Media to a $50 million exit and purchasing a $40 million ski mountain. They explore the philosophy of 'holistic entrepreneurship' over the venture-backed growth trap and brainstorm several niche business models across media, events, and services.

Episode Description

Sam Parr (@theSamParr) is joined by Ryan Begelman (@RyanBegelman). They talk about Ryan's background and rise to success through Summit Series and raising enough money to buy a 10,000 acre mountain. In today’s episode we hear about Ryan's background (1:15), Ryan talks about how Summit Series acquired a mountain (5:45), Sam and Ryan talk about frameworks for businesses and idea generation (17:33), Ryan talks about the future of "drop-servicing," an alternative to drop-shipping (22:30), both guys geek out over subscription memberships and why they both love them (27:40), Ryan talks about how to reinvent the museum with immersive art and branded rooms. And how Meow Wolf created artistic rooms to experience art in a dynamic way (34:00), Ryan gives some advice on how to structure your business so you don’t need venture capital to start (38:30), Ryan asks "what if you could build the “Burning Man for the South” (47:20), Westminster Dog show for rescue dogs only and how to scale trade shows (50:45). Visit tempo.fit and use "TempoHustle" for $100 off. Joined our private FB group yet? It's a page where people share each others million dollar ideas or what they're already working on: https://www.facebook.com/groups/ourfirstmillion.  See acast.com/privacy for privacy and opt-out information.

Key Takeaways

1

Prioritize businesses with positive working capital where customers pay upfront, such as advertising or event tickets, to fund growth without external debt.

2

Utilize a holding company structure to license brand IP and systems to separate LLCs, allowing you to scale multiple ventures while protecting the parent company from individual risks.

3

Look for 'riches in niches' by identifying successful business models like Masterclass or Burning Man and applying them to underserved professional groups or specific regional demographics.

Business Ideas Mentioned

Masterclass for Specialized Doctors

Content & Media

Drop Servicing for Niche Creative Assets

Agency

Premium Chronic Disease Newsletters

Content & Media

Immersive Art Experiences with Corporate Licensing

Boring Business

Burning Man for the Southern US

Content & Media

The Rescue Dog National Show

Content & Media

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Quick Stats

Duration59:01
Guests1
Ideas Discussed6
Topics4