Right Place Right Time
We keep telling each other that we are part of a great community, and everything is here available to achieve the things we want to achieve.
Yet people still dip out. Wave goodbye and ride off into the sunset.
Yes, of course real life gets in the way. Work, families, friends, hobbies all take big bites out of our time, but all the methods and strategies for “making it happen” are available here, no matter what obstacles are put in the way.
FREE START UP. FREE WEBSITES. FREE TRAINING. FREE LOOK AROUND.
Try before you buy. No smoke and mirrors. What more could anyone ask for ?
When you are in the right place at the right time, it is important to maximise the opportunity. These opportunities don’t stop by every day. And when they are gone, they are gone.
Take a look at what happened to Ron Wayne. No, Ron Wayne, not John Wayne.
Opportunities presented themselves, decisions were made, and paths taken.
Ron Wayne was a partner in the formation of Apple Computer. His role was something of an arbitrator. Steve Jobs and Steve Wozniak were young hotheads, both talented and single-minded. They disagreed about plenty, but knew they were on the right track to success. They split their holding in their partnership to 45% each, and brought Ron Wayne in as a more mature and level headed partner, with a 10% share.
But then their first contract came along, and it was one that meant going heavily into debt to buy the parts needed to fulfil the orders.
Suddenly Ron Wayne was in a predicament. He had drawn up and legalised the partnership documents.
He was only too well aware that should anything go wrong with the new contract, all three partners could be held personally liable for any debts. Since the young Messrs Jobs and Wozniak didn’t have any assets, there was a possibility that he, Ron Wayne, could be held 100% liable for such debts, and have his personal assets seized. And all for 10% of any profits !
He discussed matters with the two Steves, and they agreed on a withdrawal settlement.
Ron Wayne relinquished his 10% share in Apple Computer and received about $2500.
The partnership, minus Ron Wayne, found new backers, and soon after became Apple Computer Inc. Five years on, the company went public, and was valued at $1.79 billion..
Ron Wayne’s stake in the company, had he stayed with it, would have been worth over $90 million.
Decisions were made and paths taken. You win some, you lose some.
Have a great day,
Chris
Recent Comments
30
The sad thing is once a decision is made, we have to live with the outcome, good or bad. I am sure Ron Wayne slept at night knowing his family was safe.
I'm sure he did. Just on a bad day he remembered the millions of dollars he didn't have. But it's only money. Not important.
It is funny Chris, my father said the same thing to me, when I was having a difficult time and being stubborn about the situation. He asked me what was more important, the money or my happiness? He then said, you can always make the money again, but cannot gain the happiness back.
See more comments
Great share. Thank you Chris!
Erica
Thanks Erica