DrBillToth-Blog

Apple Co-founder lives on Social Security June 24, 2010 CNN

Ron Wayne sold his 10 percent stake in Apple for $800 just days after he helped found it.  It’s now worth $22 billion.   He says he began to “second guess” himself after talking to friends and now at age 76 he is writing a book about it….on a PC. 
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At one point in my life I had the opportunity to purchase as many shares as I would like – for less than a dollar each – of a new little company that was promising to deliver packages and letters overnight for just 10 bucks.  I went to the “experts” in the field…the postmaster (grandpa) and the letter carrier (dad) and they said; “no one in their right mind would spend 10 bucks to send a letter overnight when stamps are just 14 cents.”.  That little company we all know and love is FedEx.

I missed it because I listened to the “they says” and allowed them to feed my fear.

So when other opportunities came into my awareness I decided to do my own due diligence, to take a pass on the comments from the “they says” and to trust my gut, heart and to use my fear as fuel to move forward towards my goals.  So ask yourSelf these 2 questions;

1. How long do parents give an infant to learn how to walk before they declare a failure?

2. In relation to your success in this business – what’s a thought you’ve never thought before? 

For the ones that stick with it….The Journey is the Reward…and the Freedom is worth it.

early release news

University of Michigan – “Panel Study of Entrepreneurial Dynamics 2”

The study has followed 1,200 business start-ups since 2005.

1.    At the end of 2 years there was zero correlation between the amount of start-up capital and success.
2.    Greater than 80% of new businesses were started with; a.) owner savings  b.) Credit cards c.) personal loans from friends/family.
3.    The average start-up investment was about $48,000.
4.    Passion correlated with success more than education level.

The study will conclude in 2011.

Once again – most businesses are started with OPM = Other Peoples’ Money.
Once again – it’s not what you know – it’s what you DO that matters most.

“You know, it’s not more knowledge, it’s not more education, it’s not more facts that we need. It’s a better use of what we already have that we need to have. You have each and every one of you, within your potential power right now to do a wonderful job in your chosen field – if you would only embrace it and use it.”

                    –Napoleon Hill

“What lies behind us and what lies before us – are tiny matters compared to what lies within us“.

                   –Ralph Waldo Emerson