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You Can Be the Next Steve Jobs

5. Expect excellence. No company innovates on a regular schedule like Apple.

"My job is to not be easy on people. My job is to make them better." "Be a yardstick of quality. Some people aren't used to an environment where excellence is expected."

6. A master architect build's a platform upon which others are given the capacity to thrive. Apple's ecosystem and especially its App Store enabled creativity to flourish.

7. Love and passion come first. Everything else will take care of itself.

"My job is to make the whole executive team good enough to be successors, so that's what I try to do." "When I hire somebody really senior, competence is the ante. They have to be really smart. But the real issue for me is, Are they going to fall in love with Apple? Because if they fall in love with Apple, everything else will take care of itself. They'll want to do what's best for Apple, not what's best for them, what's best for Steve, or anybody else." Steve Jobs, March 7, 2008

8. Too many of us fail to reach our potential because of the bureaucracy that binds us.

"Why join the navy if you can be a pirate?" Steve Jobs, September 1982

9. Quality vs. quantity? Steve understands it.

"Quality is more important than quantity. One home run is much better than two doubles." Steve Jobs, Feb. 6, 2006

10. Progress comes from within.

"The cure for Apple is not cost-cutting. The cure for Apple is to innovate its way out of its current predicament." Steve Jobs, 2004

At the time of publication, Schwarz was long Apple.

This commentary comes from an independent investor or market observer as part of TheStreet guest contributor program. The views expressed are those of the author and do not necessarily represent the views of TheStreet or its management.

Jason Schwarz is an option strategist for Lone Peak Asset Management in Westlake Village, Calif. He is also the founder of the popular investment newsletter available at www.economictiming.com. Over the past few years, Schwarz has gained acclaim for his market calls on the price of oil, Bank of America, Apple, E*Trade, and his precision investing in S&P 500 option LEAPS. His book, The Alpha Hunter, is set to be released by McGraw Hill in December 2009.

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