#29 The HP Way: How Bill Hewlett and I Built Our Company

What I learned from reading The HP Way: How Bill Hewlett and I Built Our Company by David Packard. --- [0:01] How Steve Jobs was inspired by David Packard [1:00] Books are the original hyperlinks [4:30] Profit is the measure of how well we work together [9:00] HP's first product [11:00] Podcasts before podcasts [14:00] Many of the things I learned in this process were invaluable, and not available in business schools [15:00] More businesses die from indigestion than starvation [16:30] The importance of maintaining a narrow focus [20:00] Growth from profit [21:00] Lessons from the Great Depression = No long term debt [26:30] A Maverick's persistence [29:00] How to avoid layoffs in a recession [30:20] Employees should outgrow you [31:00] The perils of centralization [35:00] Closing with optimism ---- Founders Notes gives you the ability to tap into the collective knowledge of history's greatest entrepreneurs on demand. Use it to supplement the decisions you make in your work. Get access to Founders Notes here. ---- “I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — Gareth Be like Gareth. Buy a book: All the books featured on Founders Podcast