Jeff Bezos was capable of flip a guide retail thought into Amazon Inc AMZN — one of many greatest companies of all time.
WealthLetters, an account on Twitter that compiles enterprise and investing ideas, compiled an inventory of Bezos’s secrets and techniques for fulfillment from greater than 20 years of shareholder letters.
Listed below are are a couple of highlights:
- Suppose Lengthy Time period: Most firms are targeted on the quick to medium time period (the following few years). As a substitute, Amazon targeted on 10 years down the highway. Via this lens, Bezos was capable of acknowledge a possibility that many different companies round him couldn’t see as a result of they have been too targeted on the short-term success of their firms.
- Embrace Failure: Many individuals suppose that profitable individuals are all the time simply that: profitable. However most individuals in Bezos’s place are capable of discuss their failures earlier than they have been capable of lastly make it. If one is attempting to keep away from any potential mistake, they could develop into handcuffed as an alternative of shifting ahead freely, realizing that when you do fail at one thing, you may all the time bounce again.
- Be Excessive: If Bezos had been content material with Amazon simply being a bookstore, we wouldn’t be speaking about him at the moment. However he had a imaginative and prescient for the corporate that he was capable of carry to fruition by all the time pushing the envelope and taking issues to the following stage.
Whether or not you might be on the lookout for extra success in enterprise or simply your life basically, it’s by no means a nasty thought to listen to what a few of the most influential folks have realized via their experiences.
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