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Business Ideas - 3 Business Lessons From Steve Wozniak
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I believe that the fastest and most effective way to build a business is to model the strategies of people who have already done what you're trying to do. I call it Modeling the Masters.
Today we're going to look at how an entrepreneur whose father didn't believe he would ever reach his goals set out to follow his passion for computers and built one of the largest companies in the world, quickly proving his father wrong. This is the story of Apple co-founder Steve Wozniak and the top 3 lessons that you can learn from his success.
"Don't think about the money you don't have. Rather, what can you do with what you do have?" - Steve Wozniak
Stephen "Woz" Wozniak (born August 11, 1950) is a Polish American computer engineer and programmer who co-founded Apple Inc. While in school, Wozniak tapped into his intense passion for computers and started designing computers on paper based on the theories that he knew. He told his father that he would one day own his own computer. When his father said "Well Steve, they cost as much as a house," Wozniak replied, "Well, I'll live in an apartment."
Wozniak didn't have friends growing up. He spent his time between his schoolwork and his experiments. Things changed, however, when he met Steve Jobs. With Jobs' ability to convince people to give them parts, Wozniak went to work on building the Apple I. In 1976, Wozniak and Jobs started Apple together with the goal of making computers a tool everyone could use, not just big corporations.
Today, Apple has over $100 Billion in revenues and is one of the largest 50 companies in the world. In 2000, Wozniak was inducted into the National Hall of Fame and has received honorary degrees from multiple universities. His plan was never to start a company but rather to design computers. Luckily for the world, he decided to do both.
Action Item #1: Don't Think About the Money You Don't Have
Action Item #2: Focus
Action Item #3: Partner Up
Wozniak sold his HP calculator and Steve Jobs sold his Volkswagon van raising $1,300 to fund the launch of Apple. Jobs told Wozniak that even if they were not successful they could at least tell their grandkids they had their own company.
What Do You Think?
How did you get the startup funds to launch? Do you have the right people around you to succeed? What part of Steve Wozniak's message impacted you the most? As always, I'd love to hear your thoughts if you leave a comment below!
To learn more check out my list of Steve Wozniak articles at http://www.evancarmichael.com/Famous-Entrepreneurs/5634/summary.php
Once again, today's post is brought to you by American Express Canada. Check out their new Amex for Business Canada Page (http://on.fb.me/qI3i2i) and vote for the winning small business story in the Take Off with American Express contest."