How to start a startup

Here’s a very interesting essay derived from the author’s book “Hackers & Painters” that describes how to start a startup company the right way. The author Paul Graham describes some very common mistakes that many startup companies do, and tells the readers how to avoid those pitfalls.

You need three things to create a successful startup: to start with good people, to make something customers actually want, and to spend as little money as possible. Most startups that fail do it because they fail at one of these. A startup that does all three will probably succeed.


Management tips

I have been reading a few books about how to manage people to get results that you want. The simplest approach that I have read is by the One Minute Manager. I have never been in management but I have been the brunt of management mistakes before. Anyway, the theory that the authors explain are quite simple. The secret is being able to do all three.

  • One minute goals
  • One minute praisings
  • One minute reprimands

Just remember the following tag lines: Set goals; praise and reprimand behaviors; encourage people; speak the truth; laugh; work; enjoy. If you are interested in what I briefly explained, go buy the book “The One Minute Manager” by Kenneth Blanchard and Spencer Johnson.

Apple Technology

Apple Computer reports $46 million profit

“Apple Computer Inc. reported on Wednesday a net profit of $46 million for the company’s second quarter ended March 27, 2004. In the quarter, Apple shipped 749 thousand Macintosh units and 807 thousand iPods, representing a 5 percent increase in CPU units and a 909 percent increase in iPods over the year-ago quarter. ” More…

It was interesting to note that Apple has about $4.6 billion in cash and no debt. That favourable cash position as well as strong iPod and notebook sales has helped Apple’s share price go from around $20 to around $27 in the past 6 months.


Stock symbol : AAPL