Thursday, April 16, 2009

Entrepreneur Corner--Bob Parsons- The Man Behind GoDaddy.com


Have you seen the commercials? GoDaddy's most known ones usually appear on Super Bowl Day. Sexual inuendo and appeal, celebrity, and sports are used to promote a site that mainly registers new domain names. We all have seen that! But do you know anything about the man behind the successful business/website?

The man seems to have been an over achiever all of his life.Here is some info about him from his own blog.Bob Parsons is the CEO and Founder of The Go Daddy Group, Inc. Parsons joined the U.S. Marine Corps during the Vietnam War and received the Combat Action Ribbon, Vietnamese Cross of Gallantry and a Purple Heart Medal. Upon his return, Parsons enrolled in the University of Baltimore where he earned a Bachelor of Science degree in Accounting. He is a Certified Public Accountant.

A serial entrepreneur, Parsons’ first endeavor was Parsons Technology, a software company he started in his basement in 1984, after teaching himself how to write computer programs. After creating the company’s initial software, MoneyCounts and Personal Tax Edge, Parsons used direct mail marketing to sell these and subsequent products.

When Parsons Technology was sold to Intuit, Inc. in 1994 for $64 million dollars, the company had nearly 1,000 employees, $100 million in annual revenue and three million customers. At the time, Parsons Technology sold more than 100 products, was releasing a new product or significant product upgrade every six days, and was sending more than six million pieces of direct marketing mail each month.

In 1997, Parsons started Jomax Technologies, using funds from the sale of Parsons Technology. He renamed the company Go Daddy in 1999, and in 2000, Go Daddy became an ICANN-accredited domain name registrar.To read more click here.

Also, Bob has built his company through sponsoring celebrities and having commercial endorsements in racing like Danica Patrick. Also in Nascar, GoDaddy has been sponsoring Dale Earnhardt, Jr and his driver Brad Keselowski in cup races and in the Nationwide series.

Interestingly, Bob has 16 rules that he has followed since he was a humble youth through to his huge success today.Here are the first six. Click on this link to read the rest.




1. Get and stay out of your comfort zone.
I believe that not much happens of any significance when we're in our comfort zone. I hear people say, "But I'm concerned about security." My response to that is simple: "Security is for cadavers."

2. Never give up.
Almost nothing works the first time it's attempted. Just because what you're doing does not seem to be working, doesn't mean it won't work. It just means that it might not work the way you're doing it. If it was easy, everyone would be doing it, and you wouldn't have an opportunity.

3. When you’re ready to quit, you’re closer than you think.
There's an old Chinese saying that I just love, and I believe it is so true. It goes like this: "The temptation to quit will be greatest just before you are about to succeed."

4. With regard to whatever worries you, not only accept the worst thing that could happen, but make it a point to quantify what the worst thing could be.
Very seldom will the worst consequence be anywhere near as bad as a cloud of "undefined consequences." My father would tell me early on, when I was struggling and losing my shirt trying to get Parsons Technology going, "Well, Robert, if it doesn't work, they can't eat you."

5. Focus on what you want to have happen.
Remember that old saying, "As you think, so shall you be."

6. Take things a day at a time.
No matter how difficult your situation is, you can get through it if you don't look too far into the future, and focus on the present moment. You can get through anything one day at a time.

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