A Quote by Bob Parsons
When I started Go Daddy, I tried many things - like building networks and selling education - and none of it panned out. I lost millions of dollars the first couple of years. I made a lot of wrong turns, but that's the process of being successful in business.
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During the last years of university I started an online business with a couple of friends selling domain names - we started by cybersquatting and then we became a real business. Someone bought us after three years and we made a good deal.
When we started out, we were among the first. Beijing had no and Shanghai had very few large buildings. At that time, it was all about building, building, building - and then selling, selling, selling. We were working like a manufacturer. Soon, however, we realized that land was running out in Beijing and Shanghai. So we started keeping our buildings, and managing and renting them out. We became landowners. That was the second act.
At TransferWise, we started out as - and continue as - idealists. We start with what we can do to make things better and how we can solve problems, focusing on what people need. It turns out you can focus on building the best service and be successful as business.
I wrote and produced millions and millions of selling records, so my publishing company alone was worth millions of dollars. I didn't have to work anymore in life because when the rappers started sampling... I'm the most sampled artist in history.
One of the things I've really gotten past in the last couple of years is the idea of being made uncomfortable by the way things appear, rather than how things are. Clearly in this business you have to contend with a lot of that.
There is something wrong with our system when I can leave here and make billions of dollars in 10 years while millions of students can't even afford to pay off their loans, let alone start a business. We all know you don't get successful just by having a good idea or working hard. You get successful by being lucky too. If I had to support my family growing up, instead of having the time to learn how to code. If I didn't know that I was gonna be fine if Facebook didn't work out, then I wouldn't be standing up here today. And if we're honest, we all know how much luck we've had.
Many people say, "When I get a million dollars, then I'll be happy because I'll have security," but that's not necessarily so. Most people who acquire a million dollars want another and then another. Or they could be like a good friend of mine who made and lost every dime of a million dollars. It didn't bother him a bit. He wasn't excited about it, but he explained to me, "Zig, I still know everything necessary to make another million dollars, and I've learned what to do not to lost it. I'll simply go back to work and earn it again.
Networks can typically invest tens of millions of dollars in the development of a pilot. And if they put the show on the air and it fails, that's all lost money. There's no monetization of a broken series.
Over the years, I have created close friendships with many successful men, many of whom I have made a lot of money for through deals that I brought to them or business counsel that I have provided.
This is a competitive business - there are a lot of women who want these jobs, but experience, education, and smarts go a long way. I'm still figuring it out - I learn new things every day. Once you stop learning, you should get out of the business. It's just really about being hungry for more.
Building is just skilled labor, I suppose. It's a lot of work. I don't mind other people building them, but the way things go together and are made is interesting to me; I like that a lot.
I obviously appreciate all the fans I gained from my band, but there weren't enough of them to make me a very successful artist. To me, being successful is selling a lot of records and selling out big venues on tour, and it's not up to anyone else to decide what success is for me.
We [The Replacements] never made any money on tour. None of us came out of the school of economics. We took it for granted that a rock and roll band gets ripped off. We've tried to shake that tree a couple of times, but what can we do? You look back, when you're sort of idle in your middle years, and think, we should have made some money.
When you see millions and billions of dollars being made in a genre, there are going to be copycats and people who jump in for the wrong reasons. Ten years ago, nobody was going to make dance music to try and get rich or even make a living. You couldn't! It was impossible.
I just naturally started to play music. My whole family played-my daddy played, my mother played. My daddy played bass, my cousin played banjo, guitar and mandolin. We played at root beer stands, like the .Drive-ins they have now, making $2.50 a night, and we had a cigar box for the kitty that we passed around, sometimes making fifty or sixty dollars a night. Of course we didn't get none of it, we kids.
Every day, opportunities within the hemisphere go untapped, and millions of dollars are lost simply because companies do not know where to begin if they want to expand into new territories and grow their business.
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