Tuesday, July 5, 2011

16 RULES FOR SUCCESS FROM A BILLIONAIRE

GO DADDY FOUNDER SELLS FOR BILLIONS
Bob Parsons is the creator of GoDaddy.Com, the website that allows businesses and web developers to own their web domains and host their web sites.  I have quite a familiarity with Mr. Parsons because I've used his services for the last 10 years for a few of the businesses I own. 

Last week, Bob Parsons sold a minority stake in his company for $2.25 Billion.  While he says that the sale of the firm will open up options for them to get bigger, I clearly see this as a way for a smart guy to monetize his efforts and make sure that he diversifies his portfolio.  Given that Bob is quite successful I think it is neat to look at what a guy like this says about achieving goals.

16 Rules for Success by Bob Parsons- http://www.businessinsider.com/bob-parsons-new-billionaire-2011-6#

1.  Get and stay out of your comfort zone.
2.  Never give up
3.  When you are ready to quit, you're closer than you think.
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.
5.  Focus on what you want to have happen.
6.  Take things a day at a time
7.  Always be moving forward
8.  Be quick to decide
9.  Measure everything of significance.
10.  Anything that is not managed will deteriorate.
11.  Pay attention to your competitors, but pay more attention to what you're doing.
12.  Never let anybody push you around
13.  Never expect life to be fair.
14.  Solve your own problems.
15.  Don't take yourself too seriously.
16.  There's always a reason to smile

I've highlighted the ones that I especially like in bold.  This is a pretty good list, what do you think? 

GOATMUG

Goatmug is an investor that cares about you and your family. Goatmug's Blog - Financial Perspectives From The Mountain Top is a collection of thoughts on our economy and how it impacts the lives of investors and average people. While several specific investments are named in many of his posts, these articles are simply invitations for you to do your own research and reference to these securities does not constitute financial advice. Your situation is complex and unique and you should seek professional assistance with your trading and investing. Please visit Goatmug and share your comments at http://www.goatmug.blogspot.com/