The best formula for short stories involves several key elements. First, a memorable protagonist. The reader needs to be able to connect with this character right from the start. Then, a problem or goal that the protagonist pursues. In the middle, there should be a series of events that either help or hinder the protagonist in achieving their goal. These events should be paced well, not too slow or too fast. The story should also have a theme, whether it's about friendship, survival, or something else. This theme should be woven throughout the story. At the end, the resolution should not only solve the immediate problem but also tie back to the theme in some way. For example, if the theme is about the power of forgiveness, the resolution could involve the protagonist forgiving someone who wronged them.