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I started a business from scratch, did it without acquisitions, and developed our own products. In the process, I came spooky close to losing everything I had, and actually made the decision to lose it all rather than close Go Daddy. Today, Go Daddy is the world leader in new domain name registrations, and has been cash flow positive since October 2001 (not bad for a dot com). As of this writing, I continue to be the only investor in Go Daddy. Throughout all of these life events, I came to accumulate a number of rules that I look to in various situations. Some of them I learned the hard way. Others I learned from the study of history. I know they work because I have applied them in both my business and personal life. And
one more thing. My contribution is that Ive assembled these ideas, put them to work in my life, and can attest -- that more often than not -- they hold true. While I put my 16 rules together in response to a business question, I've been told by others that they can be applied to almost any pursuit. Here are the 16 rules I try to live by: 1. Get and stay out of your comfort zone. I believe that not much happens of any significance when were in our comfort zone. I hear people say, But Im concerned about security. My response to that is simple: Security is for cadavers. 2. Never give up. Almost nothing works the first time its attempted. Just because what youre doing does not seem to be working, doesnt mean it wont work. It just means that it might not work the way youre doing it. If it was easy, everyone would be doing it, and you wouldnt have an opportunity. 3. When youre ready to quit, youre closer than you think. Theres 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 doesnt work, they cant 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 dont look too far into the future, and focus on the present moment. You can get through anything one day at a time. 7. Always be moving forward. Never stop investing. Never stop improving. Never stop doing something new. The moment you stop improving your organization, it starts to die. Make it your goal to be better each and every day, in some small way. Remember the Japanese concept of Kaizen. Small daily improvements eventually result in huge advantages. 8. Be quick to decide. Remember what the Union Civil War general, Tecumseh Sherman said: A good plan violently executed today is far and away better than a perfect plan tomorrow. 9. Measure everything of significance. I swear this is true. Anything that is measured and watched, improves. 10. Anything that is not managed will deteriorate. If you want to uncover problems you dont know about, take a few moments and look closely at the areas you havent examined for a while. I guarantee you problems will be there. 11. Pay attention to your competitors, but pay more attention to what youre doing. When you look at your competitors, remember that everything looks perfect at a distance. Even the planet Earth, if you get far enough into space, looks like a peaceful place. 12. Never let anybody push you around. In our society, with our laws and even playing field, you have just as much right to what youre doing as anyone else, provided that what youre doing is legal. 13. Never expect life to be fair. Life isnt fair. You make your own breaks. Youll be doing good if the only meaning fair has to you, is something that you pay when you get on a bus (i.e., fare). 14. Solve your own problems. Youll find that by coming up with your own solutions, youll develop a competitive edge. Masura Ibuka, the co-founder of SONY, said it best: You never succeed in technology, business, or anything by following the others. There's also an old Asian saying that I remind myself of frequently. It goes like this: "A wise man keeps his own counsel." 15. Dont take yourself too seriously. Lighten up. Often, at least half of what we accomplish is due to luck. None of us are in control as much as we like to think we are. 16. Theres always a reason to smile. Find it. After all, youre really lucky just to be alive. Life is short. More and more, I agree with my little brother. He always reminds me: Were not here for a long time; were here for a good time. A
special word of thanks. About the Author... Bob Parsons is the founder and President of Go Daddy.com The above
article is included with the permission of Bob Parsons (http://www.bobparsons.com)
- More about Bob Parsons around the Web: Bob Parsons' hardass time management
also see -> 7 Habits of Highly Successful Small Business Owners |
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