Rand Fishkin is an SEO expert while David Ramsay is a money management expert. Both are founders and CEOs of their companies: Moz and Ramsay Solutions respectively. Both also share the amazing experience of how they bounced back from crushing financial crises to creating startups that eventually became million-dollar businesses. Fishkin was once saddled with half a million dollars in debt, while Ramsay was practically bankrupt. Today, Fishkin’s company is worth $40 million while Ramsay’s media empire has an audience of 12 million listeners and four million devoted customers who participate in his financial consultation program.
Today, Fishkin’s company is worth $40 million while Ramsay’s media empire has an audience of 12 million listeners and four million devoted customers who participate in his financial consultation program. Both men share the secrets that kept them from quitting and instead helped them turn their fortunes around to become the influential and affluent leaders that they are today.
In his video interview with Entrepreneur, Fishkin shares that he was “in constant denial” about the problems that were threatening to engulf his then startup. He was up to his ears in debt, and clients were disappearing. What he chose to focus on was the service that he wanted to provide, which also happened to be his passion. Frustrated by what he felt was the cloak-and-dagger approach of the search giants about SEO, Fishkin spent his energy on unraveling what made it work. He then shared his learnings on his blogs and podcasts, long before the term ‘content marketing’ came into vogue.
SEO practitioners and other professionals who were hungry for the answers he provided soon became his followers, and eventually his customers. As business picked up, Fishkin continued improving his services and sharpening his offerings. In a few years, Moz cleared its debt, started earning hundreds of thousands of dollars every year and soon started making millions.
Meanwhile, in another Entrepreneur interview, Ramsay lays out the road that he and his family took to get out of bankruptcy while putting up his financial planning consultation company. His formula was a mixture of hard work, moderate living, and going the extra mile. He started with a Sunday school class and soon parlayed that into one speaking engagement after another, which he later expanded into seminars on financial freedom and management.
Looking back, Ramsay says that during his struggling years, he accepted every engagement, no matter how small. He also kept his costs low and lived below his means, whether professionally or personally. He also put in the necessary hours which would take him from his office very early in the morning, to a three-hour drive to the local radio station, and then to another conference in the evening.
One thing that both Fishkin and Ramsay share in common is that, despite the tough times they had been going through, they chose to look past it and instead focus on something that they felt was bigger than themselves. Fishkin calls it “adding value to the world,” while Ramsay maintains that, regardless of the challenges he was facing, “the mission” or “the calling” came first.
Fishkin wanted to make SEO comprehensible and relevant to the millions of computer users around the world; Ramsay wanted to help the American family get out of debt and set them on the path to prosperity.
A closer look at US Gold Corp’s Copper King project
Woman to Watch: AMD CEO Lisa Su
Israel vows $284 million to resolve diamond industry’s credit crunch
The 4 percent 10-year note yield will be a floor not a ceiling
Tips for expats to set up businesses in foreign countries
Cannabis acceptance grows as hemp industry leader PotNetwork Holding breaks CBD sales records
This fast-growing organic products stock already has space on Whole Foods’ shelves
Why Vapor Group Inc. might be the breakout penny stock you’ve been looking for in 2018
The CBD industry is enjoying a boost from the lifestyle sector
When you should consult your financial advisor
Promoting women’s football in Malta by UEFA projects
Euro NCAP marks its 20th anniversary with two crash tests
European Parliament’s International Trade Committee backs CETA
The American Heart Association has released four new PSAs
PwC presents 20th global CEO survey results in Switzerland
Crypto4 days ago
Could Global Blockchain Technologies change the way we invest in cryptocurrency?
Featured4 days ago
This hemp market player’s growth is about to go into overdrive
Crypto4 days ago
One of America’s oldest gold mines enters the crypto-century
Business4 days ago
Why is it becoming harder for millennials to be homeowners?
Agriculture4 days ago
The benefits of supporting sustainable palm oil
Entrepreneurship2 days ago
Why being a silver entrepreneur makes a good decision post-retirement
Crowdfunding4 days ago
Magma Partners launches first Sino-Latin American accelerator venture
Business5 days ago
Google introduces Project Fi in more than 35 countries