Rich Gorman is an Internet Entrepreneur that creates online businesses for a living. Gorman has 2 different types of business models:
Business Model 1 creates campaigns with recurring revenue. The economics behind the model is such that for every dollar placed into media spends there's an immediate return on that dollar. Part of the profits are reinvested into the campaign and the campaign scales accordingly. The end goal is to turn each offer into recurring revenue.
Business Model 2 takes disruptive concepts and turns them into a viable businesses. This model requires minimal burn rates as it adheres to market trends, immediately capitalizing on industry opportunities to fund growth. The end goal is an exit via taking the company public or having it acquired through a strategic buyer.
Rich Gorman is a big believer in work/life balance. When starting his career, he would work 7 days a week full-time, spending little to no time focused on family and friends. Then one day he woke up and realized that his kids were growing up too fast, and that the precious memories of their childhood are worth more money than all of the money in the world.After having this epiphany, Rich scaled back his working days to 5 full-time days 12 hour days, and 3-4 hours a day on weekends.
To compensate of the missed working hours, Rich began infusing his companies with talent…from C-Level Execs to critical linchpins. Now for the first time ever Rich was able focus exclusive time on his family...without the distractions of business affairs. As a policy when spending time with his family, Rich will often times completely disconnect himself from business technology: phone/iPad/computer.
This allows him to focus quality time on his family, and gives him the opportunity to recharge his batteries so that he can add more value to his businesses. Rich is at the point in his career where he's seen a lot, but hasn't seen it all. He has built an expansive business network, including but not limited to media partners, financial institutions, legal teams, developers, designers, operators, lobbyists, and other fellow entrepreneurs. Launching new ventures and scaling current businesses is now easier than ever before.
Rich Gorman is an internet entrepreneur that specializes in creating disruptive business models. Starting his career in Online Direct Response Marketing over ten years ago, Rich has built e-commerce business models that played transformative roles in a number of industries, notably PR, Brand Management, and Fulfillment. His specialty is in continuity billing models.
Rich graduated Cum Laude from Ohio University with a degree in Business Law and Economics. Thereafter Rich Gorman enrolled in Harvard's Extension School, in which he successfully completed 1 semester. During his second semester his daughter's mother was tragically killed in a car accident. Rich thereafter dropped out to devote his time to raising his daughter and build businesses. Rich went on to launch a litany of online businesses, 2 of which he has successfully exited.
Rich Gorman plans to build more businesses and continue to hire CEOs to run them. Gorman is a bona-fide workaholic and will likely work till he is blue in the face. He subscribes to the philosophy that the harder you work, the luckier you get. Gorman hopes to leave a positive legacy behind for his children. Rich wishes for them to enjoy the financial security to pursue their dreams in life.
When it comes to life, Gorman heeds to Theodore Roosevelt's speech on The Man In The Arena:
It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory nor defeat.
As such, the life of the internet entrepreneur is not a life for the timid...go all-in and give it your best.