Jeff Bezos has been crowned by Forbes as the world’s richest man. He leads Bill Gates by an extremely hefty amount. If you need some inspiration, here are five tips from the richest man on the planet. Straight from Bezos himself.
Be with the best possible team
Bezos surrounded himself with the best possible people when he was starting Amazon. Traces of this could be seen in Amazon’s lengthy hiring process. Questions like SAT scores and brain teasers are commonplace in their interviews. According to Bezos, he did not need the correct answers. He just needed to know how they would think to resolve the problem.
Hiring great people raises the bar for the next hire. This effectively increases the talent within the pool.
Learn from your mistakes
Amazon was never a perfect company. They made a lot of bad calls and mistakes in the past. One of their most notable failures would be trying to compete with eBay. They ultimately failed but this became an inspiration for Amazon affiliates.
According to Bezos, without failures, innovation would never occur.
Stay Frugal
As he would like to say all the time: “Accomplish more with less”. The saying lives on until today. Bezos would be immortalized by his desk made out of doors. Why did he use doors? Because it was cheaper than desks. Mind you that Amazon was already a publicly-traded company during that time.
It doesn’t mean that you need to make a desk out of doors. What the ultra-rich CEO of Amazon wants you to learn is that the short term wants you satisfied today could hurt your growth down the line. Celebrate when it’s all really over.
Be Firm
For Bezos, leaders have conviction and are tenacious. As we have said a lot of times already, Amazon puts a premium on customer service and customer satisfaction. A decision you make should be carried out with no compromises. In simple terms, define what your long-term and big visions are. Memorize it by heart. All other factors are negotiable.
Think Big, Look Ahead
People scoffed at the idea of the internet 30 years ago. Jeff Bezos saw it as an opportunity to prove people wrong. Amazon started as an online book store. For Bezos, it’s more than just that. It was a test for him to know the capabilities of the internet.
Just look at where Amazon is now. It is one of the largest tech companies. They have been dipping their toes on AI technology and cloud computing. If you want to succeed, dream big and look ahead. People may call your ideas and dreams dumb but if you want to succeed, you know that it’s you that matters.
If you want to know more about Amazon’s success, read here about Amazon’s four pillars of success.
Opinions expressed by AsianBlurb contributors are their own.
The editorial team for AsianBlurb.
