My First Million

MFM x Trends - The Fundamentals of a ~$60m Newsletter Exit With Ryan Begelman

Nov 17, 2020
Ryan Begelman, a successful entrepreneur known for selling BizNow Media for $60 million, shares valuable insights on operational excellence and high-performance leadership. He discusses strategies for effective hiring, emphasizing the importance of filtering for high intelligence and innovative testing methods. Ryan also dives into his unique approaches to community building and operational practices that drive business growth. His inspiring journey of bootstrap entrepreneurship highlights the challenges and triumphs on the path to building successful ventures.
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ADVICE

Hire Internal Recruiters

  • Hire an internal recruiter instead of relying on yourself or external agencies.
  • Internal recruiters are more invested in your company's values and long-term success.
ADVICE

Target High Intelligence and Hustle

  • Look for candidates with high intelligence and hustle, even if their background isn't traditional.
  • Target top universities and consider people with entrepreneurial experience like party promoters.
ADVICE

Test Candidates, Don't Just Interview

  • Test candidates with practical exercises rather than relying solely on interviews.
  • Develop tests that reflect the actual job tasks to assess their skills and abilities.
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