Episode
#98 with Ryan Begelman - How to Bootstrap Buying a Mountain
59:01
Published: Wed Aug 05 2020
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.
Chapters
HubSpot CRM is a one-stop shop for all the tools growing businesses need to automate tasks, keep track of deals and customer info, and ensure teams have access to the same data to better serve customers and reach goals.
00:00 - 00:47 (00:47)
Summary
HubSpot CRM is a one-stop shop for all the tools growing businesses need to automate tasks, keep track of deals and customer info, and ensure teams have access to the same data to better serve customers and reach goals. It's easy to use and free to get started.
Episode#98 with Ryan Begelman - How to Bootstrap Buying a Mountain
PodcastMy First Million
The founder of a real estate news and media company discusses his journey of how he started and bootstrapped the company over seven and a half years to become the largest commercial real estate publisher and conference business in North America and eventually the United Kingdom.
00:47 - 04:31 (03:43)
Summary
The founder of a real estate news and media company discusses his journey of how he started and bootstrapped the company over seven and a half years to become the largest commercial real estate publisher and conference business in North America and eventually the United Kingdom. He eventually struck a deal to buy a big chunk of the company and expand it into new markets.
Episode#98 with Ryan Begelman - How to Bootstrap Buying a Mountain
PodcastMy First Million
The speaker discusses how his company held hyperlocal commercial real estate events for brokers, investors, and more by simply telling attendees to cancel their flights and show up at a particular location.
04:31 - 10:16 (05:45)
Summary
The speaker discusses how his company held hyperlocal commercial real estate events for brokers, investors, and more by simply telling attendees to cancel their flights and show up at a particular location.
Episode#98 with Ryan Begelman - How to Bootstrap Buying a Mountain
PodcastMy First Million
The speaker discusses how his friend network, including Bill Clinton and Richard Branson, helped fund his projects, such as a cruise ship that required millions of dollars upfront.
10:16 - 14:01 (03:44)
Summary
The speaker discusses how his friend network, including Bill Clinton and Richard Branson, helped fund his projects, such as a cruise ship that required millions of dollars upfront. He also talks about how he convinced a billion-dollar company to partner with him.
Episode#98 with Ryan Begelman - How to Bootstrap Buying a Mountain
PodcastMy First Million
The speaker argues for building bootstrap businesses that require little to no money and selling advertising on them as opposed to building capital-intensive companies that have a limited customer base.
14:02 - 18:05 (04:02)
Summary
The speaker argues for building bootstrap businesses that require little to no money and selling advertising on them as opposed to building capital-intensive companies that have a limited customer base.
Episode#98 with Ryan Begelman - How to Bootstrap Buying a Mountain
PodcastMy First Million
The speaker shares ideas for acquiring companies, including launching wedding drawings dot com and creating a masterclass series for doctors to learn from one another, while also mentioning a friend's interest in learning how to rescue people in emergencies.
18:05 - 29:33 (11:27)
Summary
The speaker shares ideas for acquiring companies, including launching wedding drawings dot com and creating a masterclass series for doctors to learn from one another, while also mentioning a friend's interest in learning how to rescue people in emergencies.
Episode#98 with Ryan Begelman - How to Bootstrap Buying a Mountain
PodcastMy First Million
The podcast host discusses their interest in small time versions of big corporations like Disney, mentioning their focus on products sold to help manage chronic diseases like Crohn's and Colitis.
29:33 - 36:30 (06:56)
Summary
The podcast host discusses their interest in small time versions of big corporations like Disney, mentioning their focus on products sold to help manage chronic diseases like Crohn's and Colitis.
Episode#98 with Ryan Begelman - How to Bootstrap Buying a Mountain
PodcastMy First Million
Adding corporate event hosting and investing in immersive experiences can turn a low-margin business into a high-margin one, reaching up to 30%.
36:30 - 42:24 (05:53)
Summary
Adding corporate event hosting and investing in immersive experiences can turn a low-margin business into a high-margin one, reaching up to 30%. The use of lighting to create the perfect photo is a clever marketing strategy to attract customers.
Episode#98 with Ryan Begelman - How to Bootstrap Buying a Mountain
PodcastMy First Million
The process of scaling business ventures can involve opening up new locations, experimenting with different markets, spinning up private equity firms or collaborating with other entrepreneurs.
42:24 - 48:12 (05:47)
Summary
The process of scaling business ventures can involve opening up new locations, experimenting with different markets, spinning up private equity firms or collaborating with other entrepreneurs.
Episode#98 with Ryan Begelman - How to Bootstrap Buying a Mountain
PodcastMy First Million
The new way of doing a festival or event is to get people in the community to build awesome things like art or delicious BBQ to share, creating a giant tailgate vibe where everyone hangs out together.
48:12 - 53:04 (04:51)
Summary
The new way of doing a festival or event is to get people in the community to build awesome things like art or delicious BBQ to share, creating a giant tailgate vibe where everyone hangs out together. This structured approach to sharing profits is similar to waterfall models used by private equity and old-school real estate entrepreneurs in building platforms.
Episode#98 with Ryan Begelman - How to Bootstrap Buying a Mountain
PodcastMy First Million
The speaker suggests the idea of building a large trade show for dogs and their products, utilizing the same concept as Comic Con, where the dogs are the attraction, and exhibitors come to promote their products.
53:04 - 58:00 (04:56)
Summary
The speaker suggests the idea of building a large trade show for dogs and their products, utilizing the same concept as Comic Con, where the dogs are the attraction, and exhibitors come to promote their products. The trade show could also serve as a platform for nonprofit organizations to raise awareness and funds for their causes.
Episode#98 with Ryan Begelman - How to Bootstrap Buying a Mountain
PodcastMy First Million
The speaker is open-minded to any business venture as long as they have been around for two or three years and have a profit of at least $300,000.
58:01 - 59:03 (01:02)
Summary
The speaker is open-minded to any business venture as long as they have been around for two or three years and have a profit of at least $300,000. They made a Squarespace website during dinner and recommend using social media platforms, like Twitter.