00:00:11another edition of modeling the Masters
00:00:13I believe that the fastest and most
00:00:14effective way to grow a business is the
00:00:17model the strategies of people who’ve
00:00:18already done what you’re trying to do
00:00:20today’s post is brought to you by
00:00:22American Express candidate in their
00:00:23Facebook page they have a new contest
00:00:26that you can now vote on the results for
00:00:27called take off with Americans press if
00:00:29you check out their page you can vote on
00:00:30which business owner should win the
00:00:32contest now today I want to talk about a
00:00:34young entrepreneur whose father didn’t
00:00:36believe he’d ever realized his goals he
00:00:39set out to prove his father wrong
00:00:40followed his passion for computers and
00:00:42went on to build one of the largest
00:00:44companies in the world this is a story
00:00:47of Apple co-founder Steve Wozniak and
00:00:49the top three lessons that you can learn
00:00:50from his success Steve Wozniak is a
00:00:55Polish American computer engineer and
00:00:57programmer who co-founded Apple while in
00:01:00school Wozniak tapped into his intense
00:01:02passion for computers and started
00:01:03designing computers on paper based on
00:01:05the theories that he knew he told his
00:01:07father that he would one day on his own
00:01:09computer when his father said well Steve
00:01:12they cost as much as a house Wozniak
00:01:14applied we’ll all live in an apartment
00:01:16Wozniak didn’t have friends growing up
00:01:18he spent his time between his schoolwork
00:01:20and his experiments things changed
00:01:23however when he met Steve Jobs with jobs
00:01:25the ability to convince people to give
00:01:27them parts Wozniak went to work on
00:01:29building the Apple one in 1976 Wozniak
00:01:33and jobs started Apple together with the
00:01:35goal of making computers a tool everyone
00:01:37could use not just for big corporations
00:01:40today Apple has over 100 billion dollars
00:01:43in revenues and is one of the largest 50
00:01:45companies in the world in two thousand
00:01:48Wozniak was inducted into the national
00:01:49inventors hall of fame and has received
00:01:51honorary degrees from multiple
00:01:53universities his plan was never to start
00:01:56a company but rather to design computers
00:01:58luckily for the world he decided to do
00:02:01both
00:02:02by staying committed to his dreams even
00:02:05when his father doubted him Steve
00:02:08Wozniak was able to build one of the
00:02:09largest companies in the world to help
00:02:12you scale up your company here are three
00:02:14options you can learn from Steve Wozniak
00:02:18auction item number one don’t think
00:02:21about the money you don’t have I can’t
00:02:23tell you how many times I hear from
00:02:25entrepreneurs that are not successful
00:02:26because they don’t have enough resources
00:02:28to start if you look at the stories of
00:02:31most famous entrepreneurs they didn’t
00:02:33have rich Investor’s given them a huge
00:02:34cash injection to launch their
00:02:36businesses it’s not about how much
00:02:38resources you have it’s about how
00:02:40resourceful yard that will determine
00:02:41your success as an entrepreneur Wozniak
00:02:45felt that his best work came from not
00:02:46having a lot of money to get started it
00:02:49forced him to be creative make things
00:02:51simpler and challenge conventional
00:02:53thinking being short on funds forced
00:02:56Wozniak to create over 50 designs for a
00:02:58mini computer before he hit on the right
00:03:00one that would work he saw it as a
00:03:03personal challenge to create a computer
00:03:04that could be sold to everyone like
00:03:06radios and televisions were and he
00:03:08wasn’t about to let a lack of money hold
00:03:10him back according to Wozniak when your
00:03:13startup or an individual on your own you
00:03:15don’t have very much money so the fewer
00:03:17parts you have to buy the better when
00:03:20you design with very few parts
00:03:21everything is so clean and orderly you
00:03:24can understand it more deeply in your
00:03:25head and that causes you to have fewer
00:03:28bugs you live and sleep with every
00:03:30little detail of the product Steve Jobs
00:03:33and i started with literally no money no
00:03:36cars the parts we use to create the
00:03:38Apple one where purchased on 30 days
00:03:40credit don’t think about the money you
00:03:42don’t have rather what can you do with
00:03:45what you do have
00:03:47action item number two focus being an
00:03:51entrepreneur requires a lot of
00:03:52dedication and hard work you have a goal
00:03:55for what you want your business to look
00:03:56like and you need to focus your energies
00:03:58and not get distracted until you get
00:04:00there don’t let the naysayers convince
00:04:02you that you won’t succeed and don’t
00:04:04give up too early before you’ve given
00:04:06your business enough of a chance to let
00:04:08momentum work in your favor Wozniak
00:04:11needed to focus to be productive at
00:04:12Apple he was stubborn with his ideas
00:04:15confident that his designs would work
00:04:17and force himself to keep going until he
00:04:19solved the problem it cost him his
00:04:22personal life in those early years but
00:04:24he was a man on a mission and knew
00:04:26exactly what he wanted so he went after
00:04:28with all the energy he could muster
00:04:30according to Wozniak the way I work
00:04:32requires so much concentration getting
00:04:35to know the problem well enough by
00:04:36thinking thinking thinking thinking and
00:04:38then you try every day to make it a
00:04:40little better go through it again and
00:04:42again cutting something off here or
00:04:45there when I was doing this work well I
00:04:47didn’t have a wife or a girlfriend I
00:04:49couldn’t do anything else action item
00:04:53number three partner up you can’t do it
00:04:56alone you either need a really good team
00:04:58around you or you have to partner up
00:05:00with someone else who complements your
00:05:01weaknesses this seems especially true in
00:05:04technology companies where it’s rarely
00:05:06one person who’s the founder of the
00:05:07business partnering up isn’t easy it’s
00:05:10like getting married you have to really
00:05:12know the person and make sure you’re
00:05:14picking someone you want to be with for
00:05:15the long haul Wozniak knew he had a
00:05:18unique set of skills that could
00:05:20revolutionize the way people ran their
00:05:22lives he realized though that he didn’t
00:05:24have the complete package that be needed
00:05:26to launch the revolution he needed
00:05:28someone who wasn’t as inward and quiet
00:05:30as he was he needed to partner with
00:05:32someone who liked to sell and promote
00:05:34and allow him to focus on the
00:05:36engineering side of the business
00:05:37partnering up with Steve Jobs proved to
00:05:40be a perfect match for both of them
00:05:41neither the two could have accomplished
00:05:44the same level of success without each
00:05:45other according to Wozniak I was shy he
00:05:49was at word I created he sold I had the
00:05:53incredible technology which was
00:05:54important when you’re starting up and
00:05:56have very few employees Steve had this
00:05:58big
00:05:59I have to have a company and he had
00:06:00foresight so remember don’t think about
00:06:05the money you don’t have focus and
00:06:08partner up to finish up this video I
00:06:10wanted to share one of my favorite true
00:06:12stories about Steve Wozniak and some of
00:06:14his best quotes Wozniak’s volt is HP
00:06:19calculator and Steve Jobs sold his
00:06:21Volkswagen van raising thirteen hundred
00:06:24dollars to fund the launch of Apple jobs
00:06:26told Wozniak that even if they were not
00:06:28successful they could at least tell the
00:06:30grandkids that they had their own
00:06:32company thank you for joining me for
00:06:36another edition of modern masters if you
00:06:38liked the video i want to see more
00:06:39please give it a thumbs up below I’d
00:06:42also love to hear your thoughts and
00:06:43feedback if you want to leave a comment
00:06:44under the video stay tuned for the next
00:06:47episode and make sure you go check out
00:06:49the American Express Canada take off
00:06:50with an American Express contest and
00:06:52cast your vote today
00:07:07you
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