Ever wonder how successful people got to where they are today? Go Daddy CEO and Founder Bob Parsons breaks it down for you in “Bob Parsons® 16 Rules for Success in Business and Life in General.”
Rule #3: When you’re ready to quit, you’re closer than you think.
Bob Parsons’ track record may be spectacular, but it hasn’t always been easy. His first business – which Bob ultimately sold to Intuit® for $64 million – lost money for two years running before turning the corner and becoming profitable.
Same with Go Daddy. In its early days, the company tried building computer networks, being an Internet Service Provider (ISP) – even selling other peoples’ software and hardware. In fact, it took three years before Bob thought about selling domains.
Stay on Track
By early 2001, Bob’s $64 million had dwindled to $8 million and his new venture still wasn’t selling much. So he flew to Hawaii, where he planned to work out the details of shutting Go Daddy.
While there, Bob met a man who parked cars for a living – and actually enjoyed it. Talking with him, Bob realized he didn’t need Go Daddy to succeed in order to survive. “Right then and there I was happy again,” he recalls. “Happy and productive and in the moment. Alive.”
Nine months later, Go Daddy became cash-flow positive, where it has stayed ever since.
Learn more about Rule #3 in these articles:
“He’s Your Daddy,” BaltimoreMagazine.net, February 2011
“Success with Bob Parsons: Worst Case Scenario,” Playboy, April 2009
Hear more on Rule #3 in this BobParsons.me episodes: (viewer discretion advised)
Image may be NSFW.
Clik here to view.
