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#101August 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 how he bootstrapped a B2B media company to a 50 million dollar exit and eventually bought a ski resort. They explore the philosophy of 'holistic entrepreneurship,' prioritizing cash-flow positive businesses over venture-backed unicorns and brainstorming various niche service and media models.

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 you collect payment upfront, such as advertising or event tickets, to fund growth without outside investment.

2

Utilize an equity waterfall structure to share profits with investors while retaining significant upside for the operator once initial capital is returned.

3

Build a holding company to license IP and brand identity to individual LLCs, creating a scalable model similar to how Marriott or McDonald's operates.

Business Ideas Mentioned

Masterclass for Doctors

Content & Media

Drop Servicing for Niche Design

Agency

Chronic Disease Premium Newsletters

Content & Media

Southern Culture Burning Man

Content & Media

Rescue Dog Westminster Show

Content & Media

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Quick Stats

Duration59:01
Guests1
Ideas Discussed5
Topics5