Wisdom From Books

i-pad, i-phone or i-Steve?

Posted on: July 20, 2010

After learning that latest model of i-phone is short in the stores and there are some issues related to i-phone’s latest model, I wondered about the founder of Apple – Mr. Steve Jobs. Who is Mr. Jobs – a self-made billionaire? His story is really inspiring, motivating and energizing. He was fired from his own company!! I am posting an extract about Mr Jobs from Adam Khoo’s book: “Secrets of Self-Made Millionaire”. Here is the story of Mr. Steve Jobs:

Another great example that never fails to inspire me about turning crushing failure into resounding success is the story of Steve Jobs, the founder and current CEO of Apple Computers.

Steve co-founded Apple at the age of 21 in 1976. Within four years, the company was listed on the stock exchange and Steve was worth US$217 million at the age of 25. As Apple continued its phenomenal growth, it was decided that professional management had to be hired to run the huge organization. So in 1983, Steve hired John Scully to be the CEO. However, within two years, the CEO and directors at Apple could not get along with Steve Jobs (he was known to be an erratic and emotional manager) and stripped him of all his duties, forcing him to resign from the very company he founded in failure and disgrace.

To make things worse, Apple sued Steve for neglecting his duties. While those in the business world wrote him off, Steve who possessed the millionaire mindset, took it as a huge learning experience (millionaire habit 8) and took the proactive action of starting a new and better company called NeXT computers. He believed that he could develop a range of hardware and software that would be even better than that at Apple.

Did he succeed?

Unfortunately, NeXT’s hardware division became a huge failure.

Undaunted, he again took the feedback and went on to found Pixar Animation Studios, which became a huge success in creating the fi rst breakthrough fully digitally animated movie ‘Toy Story’. In the meantime, Apple Computer was on the verge of bankruptcy in 1995 after suffering from internal mismanagement and lack of new product innovation. The company was  making losses of $800 million to $1 billion a year and its share price dropped from a high of $18 to $3.80. Believing that he could save Apple, Steve Jobs agreed to return as CEO for a nominal pay of $1 (he was doing it purely for the passion). When Steve took over, he fired all the unproductive executives and spearheaded the launch of revolutionary products like the iMac, iPod and iTunes.

The revolutionary operating system (OS) he developed at NeXT was then evolved into the highly popular Mac OS X. As a result of these successful products, Apple turned its $1 billion loss into $1.3 billion in profits by 2005. Its share price rose from $3.80 to a high of $75! Looking back, Steve realized that if he never got fi red from Apple, he would never have founded NeXT and Pixar Animation. If not for Pixar, he would not have become a pioneer in digital animation and if not for NeXT software he developed, Apple would
never have the Mac OS X operating system that has made Apple a huge success today. It is for this reason that many millionaires believe that ‘everything happens for a reason’ and that ‘adversity is often opportunity in disguise’ provided you learn from your experiences and continue to take consistent action!

Motivating – isn’t it? Your thoughts?

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15 Responses to "i-pad, i-phone or i-Steve?"

Steve Jobs died today. His story inspired me. I came back here to read his story, again.

Thanks for your encouraging thoughts.

Thanks for appreciation and comments

Good one Malik. I have seen the craze for these devices and can say that he has stepped us up into a new age. Next generation of computers…

Thanks Malik bhai, your valued codes always encouraged us.

Dear Mirza

Thanks for always sharing such invaluable material that has given me great inspiration. Junaid Ghori

sir jeee extremly motivational article….

Rousing article Sir

Steve Jobs is there , everywhere but to explore…..!

Great article…it is for people like you Malik Sb 🙂

Inspiring !!!!!!!!

Thanks Mubeen and Shahzad sb

Thanks a lot for sharing this gr8 story, its really amazing and inspiring.

yup. Its motivating. Ur blogs gr8. Do it on facebook, interaction is easy there.

Thanks Dear Saira – Based on your suggestion, I have created a page on FB, check this and kindly promote to others: http://www.facebook.com/home.php?#!/pages/Wisdom-from-books/136563296375069

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