If you are a true businessman, you know this amazing guy. And why should we listen to his advices? Well, because he is the founder and executive chairman of Amazon, where he previously served as the president and CEO.
He is an expert in the field of business. We should look into his success story and listen to his words throughout the years.
“As a company grows, everything needs to scale, including the size of your failed experiments,” Bezos wrote in a 2018 letter to shareholders. “If the size of your failures isn’t growing, you’re not going to be inventing at a size that can actually move the needle.”
“If you have a business idea with no risk, it’s probably already being done,” Bezos said during Amazon’s Re:Mars conference in 2019.
“You’ve got to have something that might not work. It will be, in many ways, an experiment,” he continued. Experiments may fail, but these “big failures” are important for success, according to Bezos.
Lastly, he said, “If you want to be successful in business (in life, actually), you have to create more than you consume,”
Bear this in mind as Bezos stated, “Your goal should be to create value for everyone you interact with. Any business that doesn’t create value for those it touches, even if it appears successful on the surface, isn’t long for this world. It’s on the way out.”.
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