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Business Ideas – 3 Business Lessons From Steve Wozniak


hi I’m Evan Carmichael and welcome to

hi I’m Evan Carmichael and welcome to another edition of modeling the Masters

another edition of modeling the Masters

another edition of modeling the Masters I believe that the fastest and most

I believe that the fastest and most

I believe that the fastest and most effective way to grow a business is the

effective way to grow a business is the

effective way to grow a business is the model the strategies of people who’ve

model the strategies of people who’ve

model the strategies of people who’ve already done what you’re trying to do

already done what you’re trying to do

already done what you’re trying to do today’s post is brought to you by

today’s post is brought to you by

today’s post is brought to you by American Express candidate in their

American Express candidate in their

American Express candidate in their Facebook page they have a new contest

Facebook page they have a new contest

Facebook page they have a new contest that you can now vote on the results for

that you can now vote on the results for

that you can now vote on the results for called take off with Americans press if

called take off with Americans press if

called take off with Americans press if you check out their page you can vote on

you check out their page you can vote on

you check out their page you can vote on which business owner should win the

which business owner should win the

which business owner should win the contest now today I want to talk about a

contest now today I want to talk about a

contest now today I want to talk about a young entrepreneur whose father didn’t

young entrepreneur whose father didn’t

young entrepreneur whose father didn’t believe he’d ever realized his goals he

believe he’d ever realized his goals he

believe he’d ever realized his goals he set out to prove his father wrong

set out to prove his father wrong

set out to prove his father wrong followed his passion for computers and

followed his passion for computers and

followed his passion for computers and went on to build one of the largest

went on to build one of the largest

went on to build one of the largest companies in the world this is a story

companies in the world this is a story

companies in the world this is a story of Apple co-founder Steve Wozniak and

of Apple co-founder Steve Wozniak and

of Apple co-founder Steve Wozniak and the top three lessons that you can learn

the top three lessons that you can learn

the top three lessons that you can learn from his success Steve Wozniak is a

from his success Steve Wozniak is a

from his success Steve Wozniak is a Polish American computer engineer and

Polish American computer engineer and

Polish American computer engineer and programmer who co-founded Apple while in

programmer who co-founded Apple while in

programmer who co-founded Apple while in school Wozniak tapped into his intense

school Wozniak tapped into his intense

school Wozniak tapped into his intense passion for computers and started

passion for computers and started

passion for computers and started designing computers on paper based on

designing computers on paper based on

designing computers on paper based on the theories that he knew he told his

the theories that he knew he told his

the theories that he knew he told his father that he would one day on his own

father that he would one day on his own

father that he would one day on his own computer when his father said well Steve

computer when his father said well Steve

computer when his father said well Steve they cost as much as a house Wozniak

they cost as much as a house Wozniak

they cost as much as a house Wozniak applied we’ll all live in an apartment

applied we’ll all live in an apartment

applied we’ll all live in an apartment Wozniak didn’t have friends growing up

Wozniak didn’t have friends growing up

Wozniak didn’t have friends growing up he spent his time between his schoolwork

he spent his time between his schoolwork

he spent his time between his schoolwork and his experiments things changed

and his experiments things changed

and his experiments things changed however when he met Steve Jobs with jobs

however when he met Steve Jobs with jobs

however when he met Steve Jobs with jobs the ability to convince people to give

the ability to convince people to give

the ability to convince people to give them parts Wozniak went to work on

them parts Wozniak went to work on

them parts Wozniak went to work on building the Apple one in 1976 Wozniak

building the Apple one in 1976 Wozniak

building the Apple one in 1976 Wozniak and jobs started Apple together with the

and jobs started Apple together with the

and jobs started Apple together with the goal of making computers a tool everyone

goal of making computers a tool everyone

goal of making computers a tool everyone could use not just for big corporations

could use not just for big corporations

could use not just for big corporations today Apple has over 100 billion dollars

today Apple has over 100 billion dollars

today Apple has over 100 billion dollars in revenues and is one of the largest 50

in revenues and is one of the largest 50

in revenues and is one of the largest 50 companies in the world in two thousand

companies in the world in two thousand

companies in the world in two thousand Wozniak was inducted into the national

Wozniak was inducted into the national

Wozniak was inducted into the national inventors hall of fame and has received

inventors hall of fame and has received

inventors hall of fame and has received honorary degrees from multiple

honorary degrees from multiple

honorary degrees from multiple universities his plan was never to start

universities his plan was never to start

universities his plan was never to start a company but rather to design computers

a company but rather to design computers

a company but rather to design computers luckily for the world he decided to do

luckily for the world he decided to do

luckily for the world he decided to do both

both

both by staying committed to his dreams even

by staying committed to his dreams even

by staying committed to his dreams even when his father doubted him Steve

when his father doubted him Steve

when his father doubted him Steve Wozniak was able to build one of the

Wozniak was able to build one of the

Wozniak was able to build one of the largest companies in the world to help

largest companies in the world to help

largest companies in the world to help you scale up your company here are three

you scale up your company here are three

you scale up your company here are three options you can learn from Steve Wozniak

auction item number one don’t think

auction item number one don’t think about the money you don’t have I can’t

about the money you don’t have I can’t

about the money you don’t have I can’t tell you how many times I hear from

tell you how many times I hear from

tell you how many times I hear from entrepreneurs that are not successful

entrepreneurs that are not successful

entrepreneurs that are not successful because they don’t have enough resources

because they don’t have enough resources

because they don’t have enough resources to start if you look at the stories of

to start if you look at the stories of

to start if you look at the stories of most famous entrepreneurs they didn’t

most famous entrepreneurs they didn’t

most famous entrepreneurs they didn’t have rich Investor’s given them a huge

have rich Investor’s given them a huge

have rich Investor’s given them a huge cash injection to launch their

cash injection to launch their

cash injection to launch their businesses it’s not about how much

businesses it’s not about how much

businesses it’s not about how much resources you have it’s about how

resources you have it’s about how

resources you have it’s about how resourceful yard that will determine

resourceful yard that will determine

resourceful yard that will determine your success as an entrepreneur Wozniak

your success as an entrepreneur Wozniak

your success as an entrepreneur Wozniak felt that his best work came from not

felt that his best work came from not

felt that his best work came from not having a lot of money to get started it

having a lot of money to get started it

having a lot of money to get started it forced him to be creative make things

forced him to be creative make things

forced him to be creative make things simpler and challenge conventional

simpler and challenge conventional

simpler and challenge conventional thinking being short on funds forced

thinking being short on funds forced

thinking being short on funds forced Wozniak to create over 50 designs for a

Wozniak to create over 50 designs for a

Wozniak to create over 50 designs for a mini computer before he hit on the right

mini computer before he hit on the right

mini computer before he hit on the right one that would work he saw it as a

one that would work he saw it as a

one that would work he saw it as a personal challenge to create a computer

personal challenge to create a computer

personal challenge to create a computer that could be sold to everyone like

that could be sold to everyone like

that could be sold to everyone like radios and televisions were and he

radios and televisions were and he

radios and televisions were and he wasn’t about to let a lack of money hold

wasn’t about to let a lack of money hold

wasn’t about to let a lack of money hold him back according to Wozniak when your

him back according to Wozniak when your

him back according to Wozniak when your startup or an individual on your own you

startup or an individual on your own you

startup or an individual on your own you don’t have very much money so the fewer

don’t have very much money so the fewer

don’t have very much money so the fewer parts you have to buy the better when

parts you have to buy the better when

parts you have to buy the better when you design with very few parts

you design with very few parts

you design with very few parts everything is so clean and orderly you

everything is so clean and orderly you

everything is so clean and orderly you can understand it more deeply in your

can understand it more deeply in your

can understand it more deeply in your head and that causes you to have fewer

head and that causes you to have fewer

head and that causes you to have fewer bugs you live and sleep with every

bugs you live and sleep with every

bugs you live and sleep with every little detail of the product Steve Jobs

little detail of the product Steve Jobs

little detail of the product Steve Jobs and i started with literally no money no

and i started with literally no money no

and i started with literally no money no cars the parts we use to create the

cars the parts we use to create the

cars the parts we use to create the Apple one where purchased on 30 days

Apple one where purchased on 30 days

Apple one where purchased on 30 days credit don’t think about the money you

credit don’t think about the money you

credit don’t think about the money you don’t have rather what can you do with

don’t have rather what can you do with

don’t have rather what can you do with what you do have

what you do have

what you do have action item number two focus being an

action item number two focus being an

action item number two focus being an entrepreneur requires a lot of

entrepreneur requires a lot of

entrepreneur requires a lot of dedication and hard work you have a goal

dedication and hard work you have a goal

dedication and hard work you have a goal for what you want your business to look

for what you want your business to look

for what you want your business to look like and you need to focus your energies

like and you need to focus your energies

like and you need to focus your energies and not get distracted until you get

and not get distracted until you get

and not get distracted until you get there don’t let the naysayers convince

there don’t let the naysayers convince

there don’t let the naysayers convince you that you won’t succeed and don’t

you that you won’t succeed and don’t

you that you won’t succeed and don’t give up too early before you’ve given

give up too early before you’ve given

give up too early before you’ve given your business enough of a chance to let

your business enough of a chance to let

your business enough of a chance to let momentum work in your favor Wozniak

momentum work in your favor Wozniak

momentum work in your favor Wozniak needed to focus to be productive at

needed to focus to be productive at

needed to focus to be productive at Apple he was stubborn with his ideas

Apple he was stubborn with his ideas

Apple he was stubborn with his ideas confident that his designs would work

confident that his designs would work

confident that his designs would work and force himself to keep going until he

and force himself to keep going until he

and force himself to keep going until he solved the problem it cost him his

solved the problem it cost him his

solved the problem it cost him his personal life in those early years but

personal life in those early years but

personal life in those early years but he was a man on a mission and knew

he was a man on a mission and knew

he was a man on a mission and knew exactly what he wanted so he went after

exactly what he wanted so he went after

exactly what he wanted so he went after with all the energy he could muster

with all the energy he could muster

with all the energy he could muster according to Wozniak the way I work

according to Wozniak the way I work

according to Wozniak the way I work requires so much concentration getting

requires so much concentration getting

requires so much concentration getting to know the problem well enough by

to know the problem well enough by

to know the problem well enough by thinking thinking thinking thinking and

thinking thinking thinking thinking and

thinking thinking thinking thinking and then you try every day to make it a

then you try every day to make it a

then you try every day to make it a little better go through it again and

little better go through it again and

little better go through it again and again cutting something off here or

again cutting something off here or

again cutting something off here or there when I was doing this work well I

there when I was doing this work well I

there when I was doing this work well I didn’t have a wife or a girlfriend I

didn’t have a wife or a girlfriend I

didn’t have a wife or a girlfriend I couldn’t do anything else action item

couldn’t do anything else action item

couldn’t do anything else action item number three partner up you can’t do it

number three partner up you can’t do it

number three partner up you can’t do it alone you either need a really good team

alone you either need a really good team

alone you either need a really good team around you or you have to partner up

around you or you have to partner up

around you or you have to partner up with someone else who complements your

with someone else who complements your

with someone else who complements your weaknesses this seems especially true in

weaknesses this seems especially true in

weaknesses this seems especially true in technology companies where it’s rarely

technology companies where it’s rarely

technology companies where it’s rarely one person who’s the founder of the

one person who’s the founder of the

one person who’s the founder of the business partnering up isn’t easy it’s

business partnering up isn’t easy it’s

business partnering up isn’t easy it’s like getting married you have to really

like getting married you have to really

like getting married you have to really know the person and make sure you’re

know the person and make sure you’re

know the person and make sure you’re picking someone you want to be with for

picking someone you want to be with for

picking someone you want to be with for the long haul Wozniak knew he had a

the long haul Wozniak knew he had a

the long haul Wozniak knew he had a unique set of skills that could

unique set of skills that could

unique set of skills that could revolutionize the way people ran their

revolutionize the way people ran their

revolutionize the way people ran their lives he realized though that he didn’t

lives he realized though that he didn’t

lives he realized though that he didn’t have the complete package that be needed

have the complete package that be needed

have the complete package that be needed to launch the revolution he needed

to launch the revolution he needed

to launch the revolution he needed someone who wasn’t as inward and quiet

someone who wasn’t as inward and quiet

someone who wasn’t as inward and quiet as he was he needed to partner with

as he was he needed to partner with

as he was he needed to partner with someone who liked to sell and promote

someone who liked to sell and promote

someone who liked to sell and promote and allow him to focus on the

and allow him to focus on the

and allow him to focus on the engineering side of the business

engineering side of the business

engineering side of the business partnering up with Steve Jobs proved to

partnering up with Steve Jobs proved to

partnering up with Steve Jobs proved to be a perfect match for both of them

be a perfect match for both of them

be a perfect match for both of them neither the two could have accomplished

neither the two could have accomplished

neither the two could have accomplished the same level of success without each

the same level of success without each

the same level of success without each other according to Wozniak I was shy he

other according to Wozniak I was shy he

other according to Wozniak I was shy he was at word I created he sold I had the

was at word I created he sold I had the

was at word I created he sold I had the incredible technology which was

incredible technology which was

incredible technology which was important when you’re starting up and

important when you’re starting up and

important when you’re starting up and have very few employees Steve had this

have very few employees Steve had this

have very few employees Steve had this big

big

big I have to have a company and he had

I have to have a company and he had

I have to have a company and he had foresight so remember don’t think about

foresight so remember don’t think about

foresight so remember don’t think about the money you don’t have focus and

the money you don’t have focus and

the money you don’t have focus and partner up to finish up this video I

partner up to finish up this video I

partner up to finish up this video I wanted to share one of my favorite true

wanted to share one of my favorite true

wanted to share one of my favorite true stories about Steve Wozniak and some of

stories about Steve Wozniak and some of

stories about Steve Wozniak and some of his best quotes Wozniak’s volt is HP

his best quotes Wozniak’s volt is HP

his best quotes Wozniak’s volt is HP calculator and Steve Jobs sold his

calculator and Steve Jobs sold his

calculator and Steve Jobs sold his Volkswagen van raising thirteen hundred

Volkswagen van raising thirteen hundred

Volkswagen van raising thirteen hundred dollars to fund the launch of Apple jobs

dollars to fund the launch of Apple jobs

dollars to fund the launch of Apple jobs told Wozniak that even if they were not

told Wozniak that even if they were not

told Wozniak that even if they were not successful they could at least tell the

successful they could at least tell the

successful they could at least tell the grandkids that they had their own

grandkids that they had their own

grandkids that they had their own company thank you for joining me for

company thank you for joining me for

company thank you for joining me for another edition of modern masters if you

another edition of modern masters if you

another edition of modern masters if you liked the video i want to see more

liked the video i want to see more

liked the video i want to see more please give it a thumbs up below I’d

please give it a thumbs up below I’d

please give it a thumbs up below I’d also love to hear your thoughts and

also love to hear your thoughts and

also love to hear your thoughts and feedback if you want to leave a comment

feedback if you want to leave a comment

feedback if you want to leave a comment under the video stay tuned for the next

under the video stay tuned for the next

under the video stay tuned for the next episode and make sure you go check out

episode and make sure you go check out

episode and make sure you go check out the American Express Canada take off

the American Express Canada take off

the American Express Canada take off with an American Express contest and

with an American Express contest and

with an American Express contest and cast your vote today

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