Business
Who Is Ryan? Ryan Begelman co-founded Summit Series, described as “TED meets Burning Man” & “The Davos of Gen Y” by Forbes They’ve become known for hosting incredible events with thousands of leading creators like Richard Branson, Jeff Bezos & Jessica Alba. Summit acquired Powder Mountain, America’s largest ski resort after pre-selling the opportunity to their community. Ryan also bought into Bisnow Media, became CEO & sold for a reported $50mil+, all without venture capital. What You’ll Learn Part 1: Business Frameworks + Backstory Framework For Business Ideas – a technique to generate ideas: marketing, monetization + markets Bootstrapping + Buying A Mountain – how they pre-sold an idea to their community to buy a mountain for $50mil + why you should consider bootstrapping too Joint Venture Waterfalls – applying a concept from private equity to real estate + businesses Dealflow – four ways to think about generating deal flow: hunting, trapping, farming, trading Replacing Yourself – how to find, hire & train someone to replace you Part 2: Holistic Entrepreneurship, Philosophy + Mental Fitness Redefining Wealthy + Holistic Entrepreneurship – creating a well-rounded, fun & meaningful life through entrepreneurship “Software For The Brain” – train your brain for mental fitness, developing awareness + neuroplasticity Practical Philosophy – concepts from greek philosophy, Buddhism & stoicism to help you be less reactive + less annoyed The Story of the Chinese Farmer – a parable about nature + grounding yourself in truth Ego – is wanting to leave an indelible mark on humanity a form of ego or something to strive for? Time Stamps (YouTube) 00:00:00 Preview 00:01:54 Welcome 00:04:16 Summit Series 00:10:12 Buying A Mountain 00:12:18 Revenue & Size of Summit & Bisnow Sale 00:15:28 Holistic Entrepreneurship: The Trap of Venture Capital 00:22:43 Life Cycle of Real Estate Investing 00:25:34 Joint Venture Waterfalls 00:31:22 Business Idea Framework 00:34:42 Pickleball Example 00:41:01 Finding Trends 00:42:39 Dealflow: Hunting, Trapping, Farming, Trading 00:47:20 Hiring Someone to Replace You 00:50:43 Part 2: Mental Fitness, Philosophy & Holistic Entrepreneurship 00:58:16 Mindfulness 01:05:53 Developing Awareness 01:08:30 The Story of the Chinese Farmer 01:11:14 “Don’t Be the Tree Limbs, Be the Trunk” 01:14:12 Assumptions and Biases 01:17:02 Dropping Your Concept of Right and Wrong 01:18:48 Appeal of Stoicism: Controlling What You Can Control 01:22:56 Training Your Brain 01:24:36 Getting Out Of The Worst Phase Of Your Life 01:28:37 Relationships Aren’t for Happiness 01:32:11 Dealing with Ego 01:34:00 Training Himself To Complain Less 01:35:40 Is Making An Impact On The World Driven By Ego? 01:37:30 Avoiding Unsolicited Feedback 01:38:22 Alternative To Jumping To The Solve 01:39:13 Wrap-Up Our Sponsor This week's episode is supported by Instasleep, the drug-free convenient sleep aid that melts in your mouth. Check them out at: https://instasleep.us/