Posts Tagged ‘entreprenuer’

Why Apple’s third co-founder quit within days

Sunday, May 1st, 2011

Ron Wayne Apple co-founderBusiness ownership isn’t for everyone.  Apple computers originally had three owners.

Unless you’ve been living in a cave, you know that Steve Jobs is currently at the helm.  Steve Woziniak was also a co-owner.  Oh, and there was a guy by the name of Ron Wayne.  Almost no one remembers him, but he has an interesting story.

Ron Wayne sold his 10 percent stake in Apple for $800 just days after he helped found it.  He later received another $1,500 for stepping away from the company.

That original Apple stock is now worth $22 billion.

According to Wikipedia, Wayne drew the first Apple logo, wrote the three men’s original partnership agreement,and wrote the Apple I manual.  These original documents were composed on a typewriter because, well, the word processor hadn’t been invented, yet.


So, why did Wayne voluntarily leave Apple?

Today, Apple looks Steve Jobs touches now looks like an obvious goldmine?  Legally all members of a partnership are personally responsible for any debts incurred by any partner; unlike Jobs and Wozniak, the older Wayne had personal assets that potential creditors could seize.

Wayne had also recently experienced the failure of a company he owned and was hypersensitive to failing again.

Wayne claimed that he did not regret selling the stock because he had made the “best decision with the information available to me at the time.”

People used to joke that the older Wayne served as “adult supervision” for the youngsters, Jobs and Wozniak.  Wayne was 42-years-old when he met a 21-year-old Steve Jobs.

Wayne resisted Jobs’s attempts to recruit him back to to the company and  has never owned an Apple product.

Ron Wayne holds a dozen patents, but has never had enough capital to make money off any of them.

Ron is planning to publish a memoir titled, Adventures of an Apple Founder, to be initially available exclusively on the Apple iBookstore, then most major book sellers later in 2011.

And that’s the story of Apple’s third co-founder, a man that got out as soon as he got the company started.  A man that had failed and was fearful of failing again.

Never be afraid of failing.  It’s the only way you’ll ever become successful.

Every day can be independence day

Tuesday, March 24th, 2009

Posted from Ft. Smith, Arkansas-

Profile, blue pinstripe 2008 crppd I’m excited to be in Arkansas to keynote a conference on leadership.

I’m lucky because audience members have always been interested in my message and what I do as an information marketer.

Lately, however, that curiosity is more of an aggressive interest.

That’s because more and more, people are being asked to take care of themselves.

This persistent request is redefining relationships all over the fruited plain and encouraging all of us to become more independent.

Banks say, “We’re limiting your credit.”  Employers say, “We can no longer match your 401k” and “pay for your own dental insurance.”

This is not an economy problem or a money problem or even a job problem.  It’s a relationship problem.  There are four basic types of relationships:  dependence, co-dependence, interdependence, and independence.
 

The four types of relationships

If you need your boss more than she needs you, it may be in a dependency relationship.  A person usually becomes painfully aware of dependency status when he gets laid off, when the economy slumps, and during periods of high employment.

A co-dependent relationship is even more precarious.  In this situation, you and your employer need each other to succeed.  This reduces the risk of being let go, but it can be a new kind of trap because you can’t leave.

A relationship of interdependency is healthy, but can be difficult to attain and balance over the long term since the dynamics of this kind of relationship can be complicated and involved.

Finally, many people find independence to be extremely rewarding.  Think “financial independence” or the concept of being self-employed.  By the way, being your own boss is not for everybody.

A good balance for most people is having an interdependent relationship with an employer and some sort of independent, supplementary income to make life a little more rewarding and fun.
 

Passive income is a step toward independence

Almost everyone has knowledge worth selling.  By creating and marketing information products, such as books and audio programs, you can easily become a bit more independent, financially and otherwise.

Best of all, you don’t need to quit your job to enjoy extra benefits.

Create Sell Info Products Michael Angelo Caruso blogLearn more from my How to Create Information Products audio program, which covers how to create passive income by being a speaker or author.

This CD and 30-page e-book will help you achieve a terrific relationship with yourself.  After all, every day is independence day.

-Michael Angelo Caruso, author of over 75 information products