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Feb 11
Business Ideas – How to Build a Business the HP Way
Like this video? Want to see more? Please give it a thumbs up below and/or leave a comment – Thank you!!! Evan Carmichael discusses how you can build a business like Bill Hewlett and Dave Packard, founders of one of the world’s largest information technology companies, Hewlett-Packard. “Believe you can change the world.” — Bill Hewlett Bill Hewlett and Dave Packard were university friends who graduated in electrical engineering from Stanford in 1935. Eager to become entrepreneurs, Packard and Hewlett established Hewlett-Packard (HP) in 1939 in Packard’s garage with all the startup money they could put together – a grand total of US$538. They then tossed a coin to decide whether the company would be called Hewlett-Packard or Packard-Hewlett. 60 years after its founding, HP has developed a reputation for innovative and reliable products and in 2009 had revenue of $115 billion, making it one of the largest companies in the world. Action Item #1: Think About More Than Money Hewlett and Packard believed that a business had a purpose beyond just making money. Businesses had responsibilities to employees, customers, and the community at large. It was a controversial viewpoint in the 1940s but many of the management practices that are now standard in many work environments were pioneered by Bill Hewlett and Dave Packard. Some of the initiatives they launched included: worker bonuses based on productivity, profit sharing plans, flex-time schedules, companywide health-insurance …
Some interesting business ideas
good4biz.blogspot.com
HP machines are garbage
@barrysarner Thanks Barry – something to think about!
Great stuff Evan… as usual. We need a CD collection of all these.
Regards
Barry Sarner
@halifaxfinance Glad you liked it Halifaxfinance – They are important lessons to remember everyday as you grow your company. Cheers!
Evan,
Thanks for sharing the HP story!!! It truly is inspirational and explains how a small business can turn into a billion dollar industry! !. Build a business around customer problems, build a survival mentality and build your business with innovative solutions! Be committed to your employees and community!
@akinoloyede I’m happy to be a part of you success! Good luck with the new business!
A very excellent stuff. Deibrated today on starting my own business and luckily for me I stumbled straight into your page and got exactly what I needed to get started. tnx
@Tolmech Thanks Tolmech – great to hear!
Great timing, this was a much needed inspirational video!
@garinkilpatrick Glad you liked it and welcome to the channel!
Cool video Evan. Great history and takeaways. I just subscribed to your channel. Cheers!