After almost flunking out of high school, Parsons enlisted in the USMC. He was wounded on duty, medically evacuated and spent two months at a naval hospital recovering from his wounds. As a result of his service and injury he earned the Combat Action Ribbon, the Vietnam Action Ribbon and the Purple Heart.
In 1984, he founded Parsons Technology and began selling MoneyCounts, a home accounting program. In late 1987, Parsons was able to quit his job and focus completely on selling and programming MoneyCounts. Eventually, Parsons Technology grew to be a 1,000-employee privately held company. On September 27, 1994, Parsons completed the sale of Parsons Technology to Intuit for $64 million.
In 1997 he founded Go Daddy as Jomax Technologies. On July 1, 2011 Parsons closed the sale of Go Daddy to KKR, Silver Lake Partners and Technology Crossover Ventures. Although the purchase price was not officially announced it was reported to be $2.25 billion.
The reasons for his success ~ Attitude and Values. I thought you might like to read.
16 Rules for Success in Business and Life in General
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.”
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.
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.”
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.
Copyright © 2004 Bob Parsons. All rights reserved. Reproduced with permission.
Click here to read the remaining 12 rules.