The Problem Got Bigger Than the Vision: Why People Bail Right Before the Win
This week Nick is solo with a story he'd never heard until a team meeting that morning, and what it says about the cost of winning.Episode in a Glance:In this episode of The Nick Hiter Show, I'm sitting in a business meeting when the team tells me something I could not believe I didn't know: Apple had a third co-founder. In 1976 Steve Jobs was 21, Steve Wozniak was 25, and Ronald Wayne was 41, the older businessman Jobs brought in to settle the arguments. Jobs and Wozniak took 45 percent each, Wayne took 10 as the tiebreaker, drafted the original partnership agreement and designed the first logo. Twelve days later he walked away, and he sold his 10 percent of what is now a trillion dollar company for $2,300. The reason I'm telling you that story is there's a cost to winning. I'm years into the biggest business opportunity I've ever been part of, led by my dad, and I'd never talked about it on air until now: the highs, the crashes, the text that said the deal is dead, and the news a day later that it's more alive than ever. We get into the difference between quitting and finishing, why somebody always has to be flying the plane even when the company is on autopilot, why you can't live like them without living like them, the Rocky speech about how hard you can get hit, and why people don't bail because the vision was wrong, they bail because the problem got larger than the vision. Then the question I ask myself every day: are you one of the Steves, or are you Ronald Wayne?Key Points:- The bigger the deal, the bigger the highs, the bigger the lows, the bigger the timeline, and the bigger the everything.- Everybody can take the wins. Only the people built to win can grow through the losses.- If you quit, you don't get any of the reward. You can finish, though. I'm a finisher, not a quitter.- Every time it crashed and burned, we came back with experience and more relationships, and the project got better.- If you pray for patience, you don't get patience. You get the opportunity to be patient.- Somebody has to be driving this thing at all times. The moment it's not your top priority, somebody else will take it from you.- If you want to live like them, you have to live like them. All of it, all of you.- Attention is required for all success. Grit is required for all success.- People don't bail because the vision was wrong. They bail because the problem became larger than the vision.- Doubt is cancer for dreams. The voice in your own mind has to be louder than all the others.- Your purpose has to be greater than your problems.Chapters:0:00 Apple's third co-founder, and what he sold for $2,3006:55 Built to win: the deal with Dad10:47 Did you quit, or did you finish?16:05 Somebody has to be flying the plane20:35 Storms, punches, and the gift of knowledge26:35 Are you one of the Steves?About Nick:Nick Hiter is the host of The Nick Hiter Show and The Hitstreak, the founder of HitLab, and Senior Vice President and COO of Real Financial, where he sits between the field and corporate and turns the vision into execution.Subscribe to Nick's top-rated podcast The Hitstreak on Youtube: https://www.youtube.com/NickHiterFollow and Rate us on Spotify: https://spotify.com/NickHiterFollow and Rate us on Apple Podcast: https://podcasts.apple.com/NickHiterFollow and Rate us on iHeartRadio: https://www.iheart.com/NickHiter