What Jeff Bezos Can Teach You About Business

You may already know this but Jeff Bezos is the founder and CEO of Amazon. If you didn’t know who Jeff Bezos is, you would have probably heard of Amazon before, you might have even used their service or bought something from the site. Jeff Bezos is clearly a very successful entrepreneur, with A LOT of money to show for it.

He deserves to be on any list with the best of the best. There are also a lot of lessons you can learn from him as well. If you are looking to start your own business and rake in the billions of dollars that Jeff Bezos has, you should see how he operates and take note.

There is a lot people can learn from Jeff Bezos, and if you want your business, or just your life in general to be more successful, then have a read on below at what he can teach you about business:

Experimenting is Fun

One of the things that Jeff Bezos never does is rest on his laurels. He is always looking for the next best thing and experimenting with the things he already has. Having solid innovative power within your business is one of the major keys for success, and it needs to be taken seriously. In order to be a great experimenter, you will need to do your research and stay up to date with your readings.

Long Term Plan

While a lot of new business owners think more short term, like how you are going to get the cash you need to ensure you can still operate your business tomorrow, and other things like that. You also need to have a long term plan, plans for the next 1, 3, 5 and 10 years are a good place to start. Remember that over time things will change, which will mean that your plans will need to change to.

Be Flexible

Leading on from the last point, Jeff Bezos has once said that Amazon was “flexible on details”. While some things need to be set in stone, like your mission statement and vision, other areas of the business need to be flexible. Inevitably things are going to change, so you need to ensure that you and the business are agile enough to deal with whatever changes come your way.

Customers Are The Centre

While the customer may not always be right, Jeff Bezos believes that by ensuring Amazon focuses on the customer, it makes the company itself stronger. You need to think about what you are doing and why you are doing it. How will this thing that you have created actually help the customer and solve a problem they have? Start with how you can solve a problem the customer has and work on from there.

Don’t Procrastinate

It is very easy these days to procrastinate, but if you have an idea and all your ducks in a row, then it is time for action. It can be scary getting started but you have to do it sometime, there would be nothing worse then having this idea only to see that someone else had the same, and they are becoming really successful. Before Amazon, Jeff Bezos had a job on Wall Street, which he gave up to create the business.

Develop a Solid Strategy

Jeff Bezos explains that it is important to develop a strategy on things that aren’t going to change too much in the future. Find the pillars of stability in the industry you are looking to get into and build your strategy around that. With a solid foundation you know you are doing all you can to improve your chances of success.