Jeff Bezos over the past few years, he has been sharing many advices during his interviews, on how to be successful in your business. Jeff is the founder and the CEO of the multi-billion company called Amazon and also one of the richest people in the world.
Here below we shall be discussing 4 best tips on how to run a successful business given by Jeff Bezos:
1.Be stubborn but flexible – This is the first trait that you should have as an entrepreneur. You have to be stubborn so that you can achieve your goals and also be flexible if in case your plans fail you can simply change to another one without wasting of time and resources.
You have to remember that if you are nor stubborn, you will end up giving up on businesses too soon.
2.Start small – If you want to succeed in any business and watch as your business grow you have to start small with whatever capital that you have. Bezos once said that his multibillion-dollar company started with 5 employees and they could hardly afford a single forklift.
Starting a small business will really help to learn a lot of things to avoid in future, when your business grows to an empire.
3.Don’t rush growth and think long-term – In the entrepreneurship world, many people fail because they want success, and they want it now. Bezos once said that it very hard to start a company and expect to be big in the next year.
Remember that you should be focusing on the long-term and do not sacrifice long-term value for short-term results.
4.Learn from your competitors – The best thing to do if you to succeed in your business is keeping a close eye on your competitors. You have to copy and improve on the things that your competitors are doing especially when it comes to attracting of more customers in their business.
Actually, it’s much better to put much effort on somethings that is already working and put your own twist to it.
Lastly, in the business world if you can be able to make your decision with analysis, you should do so, but it is much better if you can follow your gut feeling and do what your hearts is telling you.
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