Many people are surprised to find out that high tech behemoth Apple Inc. has three founders. Everyone knows about world famous billionaires the late Steven Jobs and Steve Wozniak. But who was the third founder?

Apple’s third founder was a man named Ronald Gerald Wayne. Wayne was born May 17th,1934. He worked, without any particular distinction, in the electronics industry. Wayne co-founded Apple Inc., along with Steve Wozniak and Steve Jobs, both of whom were considerably younger than him. Wayne provided management services for the new company.

Three months after Apple’s inception, Wayne sold his 10% share of the now gigantic $900 billion plus U.S. corporation for a mere $800! Wayne later accepted $1,500 to forfeit any claim against Apple. Today, Wayne’s 10% stake in Apple would be worth about $90 billion!

Here are three life lessons from Wayne:

1. Be Patient

Wayne was clearly impatient with the company he helped found. He was uncertain about its future. Wayne was also reportedly upset by past entrepreneurial failures. Only Wayne knows how much he needed the $800 he initially received from selling his share of Apple. However, it seems likely he could have gotten by without it for awhile. The first lesson, from Wayne, is to be patient. Past failures need not predict our future.

2. Respect the Power of Doing Nothing

Quite often doing nothing is the best course of action. Our culture is obsessed with action; constantly doing things. However, not all action is productive. Not all action gets us closer to where we want to be. Sometimes, we sabotage ourselves with unnecessary action. As Wayne did. Had Wayne simply done nothing, after co-founding Apple, he would be much richer today than Oprah Winfrey and Paul McCartney combined.

3. Some People Aren’t Cut Out For the Limelight

Wayne had at least one other notable experience with untimely selling. He sold an original Apple contract, he’d created, to an autograph collector for $500. The collector later sold it at auction for $1.6 million. Wayne was apparently plagued by financial problems throughout his adult life. Yet he insists he did not regret his decision to leave Apple.

This is how Wayne explains his decision. “I was 40 and these kids (Jobs and Wozniak) were in their 20s. They were whirlwinds – it was like having a tiger by the tail. If I’d stayed with Apple I probably would have wound up the richest man in the cemetery”.

Perhaps Wayne is correct. Some people (perhaps many people) are happier avoiding the limelight.

Entrepreneurs need to always remember to be customer focussed. Not product and service focussed. Products and services are not the essence of business. Relationships with customers are. Check out this enlightening video on the topic.

http://www.entrepreneur.com/video/246664

Check out this simple guide on the 5 best ways to raise capital. Usually, the simplest way is the best way. Not only for raising money. For everything.

Bill Gates’ recommendations are always worth listening to. Check out 10 books he wants you to read.

http://www.lifehack.org/articles/productivity/10-books-that-bill-gates-wants-you-read-become-successful-him.html

Most of these suggestions are easy to implement and make a lot of sense.

http://www.socialmediaexaminer.com/transform-linkedin-profile/

Check out these great productivity lessons from successful young entrepreneurs. Chances are you can use a few of them. I sure can. Small positive changes here and there add up to major improvements.

http://www.lifehack.org/articles/productivity/incredible-productivity-advice-given-21-successful-young-entrepreneurs.html

Scott Ginsberg is one of the most approachable people around. Partly because he has been wearing a name tag every day for years. Apparently, even when he sleeps. His name tag helped him build a six figure income. But there is more to Ginsberg than a name tag. Check out the interview below for more lessons from the “name tag guy”.

It is no secret that telling stories is one of the most powerful forms of communicating. Crucial aspects of our heritage, morals, values, ethos are passed down, from generation to generation, through stories. It is important for us to have a good story. Check out this great little article on how to tell your company’s story. Or your story.

http://www.marketingprofs.com/pics/2012/8651/how-to-tell-your-companys-story-eight-questions-to-get-you-started-slide-show

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Simon Sinek isolates the one thing all great leaders have in common, in this illuminating TED speech. People will not follow us until they understand WHY we do what we do.

Floyd Mayweather Jr., one of the most highly paid athletes in history, earned over $32 million for a fight against Maidana. Maidana, a boxing star in his own right, earned a relatively modest $3 million.

Mayweather explains his financial success as follows:

“You’ve got to be rich at heart first.  You gotta be rich at heart, because you can’t chase the money.  You really can’t chase it.  It’s not about chasing money.  It will come to you if you’re doing what you’re supposed to do.”

The fight clip video below suggests Mayweather may have lost some teeth in the fight, although he won the decision.

http://www.worldboxingnews.net/news/2014/09/16/fight-clip-suggests-maidana-knocked-mayweathers-teeth-out-video.html