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Business Ideas - How to build a business out of the way HP - YouTube


Business Ideas - How to build a business out of the way HP - YouTube


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Evan Carmichael explains how you can build a business like Bill Hewlett and Dave Packard, founders of one of the world's largest information technology, and Hewlett Packard.



For more information: http://www.evancarmichael.com/Famous-Entrepreneurs/1947/summary.php and http://community.telustalksbusiness.com/blogs/talk_business/2010/07/06/how-to .. .

It was Bill Hewlett and Dave Packard college friends who graduated in electrical engineering at Stanford University in 1935. Desiring to become entrepreneurs, and established the Hewlett-Packard Hewlett-Packard (HP) in 1939 Packard in a garage with all that money can begin to put together - a total of $ 538 in the United States. Then they threw a coin to decide whether to ask the Hewlett Packard or Hewlett Packard.

After 60 years of its inception and has developed a reputation for innovative HP products, reliable, and in 2009 revenues of $ 115 billion, making it one of the largest companies in the world.

Tracking # 1: Think of the money.

Hewlett-Packard, and believes that the company has a purpose behind the money. Companies have responsibilities to customers, employees and society as a whole. This was a controversial point of view in the 1940s, but has been the development of many management practices that are now prevalent in many work environments, Bill Hewlett and Dave Packard.

Some of these initiatives, it launched the following: rewards employees based on plans and production incentives, and scheduling flextime, and the health of the company's entire insurance reductions in wages, and leave on Friday, in time, rather than lay off workers in difficult times, talking to everyone in the community by their first names , and open-door policy, and the creation of a wall without the encouragement of teamwork and the flow of ideas.

As an entrepreneur, you have to worry about money, and make enough to survive and then to build a sustainable society - but do not make a priority only. Remember to think about the people who work for you, people who buy from you and the rest of the community to make your business a force for good. Curiously, when you focus on helping those people around you, and money up on his own.

ACTION ITEM # 2: Adoption of the mentality of survival

Can be the first day of new business is difficult. You can not sell a product or service and the right will rarely hit the target you set. This is where we must adopt the mentality to stay alive - listen to your customers until you find the product or service that will solve their problems, and this in turn helps you to build a sustainable business.

He said that when he spoke, Bill Hewlett early days of Hewlett-Packard, and: "We were opportunistic only we had a bowling foul-line indicator, engine clock of the telescope, which is to survey urinal automatically, and shock. Machine to make people lose weight. We have nothing to make pence. "

The best way to build a business is about customers with problems that will pay you to solve them. Adopt the mentality of survival and Hewlett-Packard and Ualbges for opportunities to assist customers. In the midst of their problems, you will find business idea that can be built in a successful and sustainable.

ACTION ITEM # 3: Make innovation part of what you do



In the early years of HP, Hewlett Packard, as a rule, above all others, and the golden rule: to encourage innovation, and funds should never stores or spare parts are blocked. For foreigners, but it was not an amazing phenomenon. Will be a shock to visitors to the headquarters of the company millions of dollars of spare parts and equipment pending their use for free to anyone, not a suspect than ever, people from stealing.

Are you tired to innovate your business? Do you take time each week to reflect on ways to make the product or service better? Follow the example of Hewlett Packard and Obaka at the forefront of technology and customer base and thank you for this!

Do you have a management philosophy that guides your work? What are the core beliefs that define your business than just making money? As always, I love to hear your ideas if you leave a comment below!

Close Thoughts

How do you break down the barriers to building your business? Do you have examples of how to recognize others and be passionate about helping your business? As always, I love to hear your ideas if you leave a comment below!




Business Ideas - How to build a business out of the way HP - YouTube

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