#98 with Ryan Begelman - How to Bootstrap Buying a Mountain
Aug 5, 2020
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Ryan Begelman shares his entrepreneurial journey and how Summit Series bought a 10,000 acre mountain. They discuss drop-servicing, subscription memberships, immersive art, and avoiding venture capital. Ideas include a 'Burning Man for the South' and a rescue dog show.
Bootstrapping can lead to successful ventures without external funding.
Focus on profitability and sustainable growth over high capital-intensive ventures.
Innovative ideas and community impact drive entrepreneurial success.
Deep dives
HubSpot Inbound Conference Speaker Lineup and Event Details
The HubSpot Inbound Conference boasts an impressive speaker list including personalities like Ryan Reynolds, Serena Williams, Kara Swisher, Matt Wolf, Darmesh, and Brian Halligan. Scheduled for September 18th to the 20th in Boston, this event offers insights on marketing, sales, and AI trends, emphasizing the importance of staying ahead in business strategies and networking within the industry.
Ryan Beagelman's Entrepreneurial Journey and Success
Ryan Beagelman's entrepreneurial journey began with acquiring Biznow Media, a profitable commercial real estate publisher that expanded to 28 Metro markets under his leadership. Breaking traditional norms, he bootstrapped the company to success, eventually selling it for $50 million without external funding. His story showcases the potential of building profitable ventures through grit and innovative strategies.
Building Profitable Online Businesses
Ryan Beagelman highlights the potential for entrepreneurs to create profitable online businesses while emphasizing a different approach from traditional venture-backed models. He advocates for bootstrapping, focusing on profitability, and avoiding high capital-intensive ventures. His insights encourage a shift towards sustainable business models that prioritize company growth and financial stability.
Exploring Unique Business Concepts
Innovative business concepts like hosting a 'Burning Man for the South' event featuring rescue dogs highlight Ryan Beagelman's creative approach to entrepreneurship. By combining engaging ideas with potential for profitability and community impact, he exemplifies the value of thinking outside the box and creating meaningful experiences in business endeavors.
Structuring Business Ventures for Long-Term Success
Ryan Beagelman emphasizes the importance of structuring business ventures strategically for long-term success. By sharing insights on leveraging branding, partnerships, and revenue-sharing models, he underlines the potential for building scalable and sustainable businesses. His approach underscores the significance of creating flexible structures that maximize growth opportunities and mitigate risks.
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.