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. 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.
Green Alley relaunches the international call dedicated to a circular economy
Startups active in recycling, waste prevention and digital solutions can register until November 17th in the race to win the...
Global cannabis sales expected to increase by 38% to $20 billion by the end of 2020
A research conducted by the company BDSA showed that $19.7 billion (€16.9 billion) in legal cannabis products will be sold...
Renewable Energy: CSOs assess the state of solar installations in basic social services in Burkina
In recent years, the government in Burkina Faso has made significant investments in the renewable energy sector. Thus, several basic...
COVID-19 encourages venture capital: €18 million for Spanish health companies
Venture capital is the main source of funding for health startups in Catalonia in 2020. Of the $140 million (€120...
How to use social media to market your small business
A few years ago, it was hard to predict how big social media would become. Nowadays, it is not only...
Featured4 days ago
Arch Capital, a new investment fund that seeks to provide liquidity to fintech companies
Business7 days ago
Extended Reality, novelty or utility? From Snapchat and Pokémon GO to XRApplied
Cannabis6 days ago
Investing in cannabis: Aurora’s shares plummet after presenting results
Africa6 days ago
85% of Senegalese households saw a decrease in income due to COVID-19