Business

Jeff Bezos and his three tips for entrepreneurs

Jeff Bezos, one of the most successful people in recent years, has the ability to calculate and Business prompting him to found the multinational technology company in 1994 Amazonwhich is the highest brand Valuation By 2023, the total will reach $299.28 billion.

this trading company Electronics and calculate the service factor marketing implemented by its creator, which is related to slogan “From A to Z” means you can find any content within their platform.

Amazon was founded in 1994
Photo: Amazon

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Jeff Bezos has shown his passion for the business world on multiple occasions and shared some of his best advice when starting a business, so below we’re covering three of them.

Make decisions quickly

The founders of Amazon insisted that in order to innovate in any endeavor, decisions must be made quickly and efficiently because then you can differentiate your business from others.

Staying ahead and creating differentiation is one of the most important things any company needs to consider.

Invest wisely

If you want to start a business you truly believe in, proceed with caution, make small investments wisely, and don’t spend all your resources at once.

It’s recommended to keep track of what worked and what didn’t, so you know where to invest more in next time and what to drop.

Allocate your capital wisely
Photo: Archives

Take a break and reflect.

It’s important to stop and think about how you can be innovative in what you’re doing. From the smallest details to the largest, you see the big picture and everything contributes to a thriving business.

Who is Jeff Bezos?

Jeffrey Preston Bezos is an American systems engineer and businessman born in January 1964 in Albuquerque, New Mexico, United States.

He is the founder and CEO of online shopping company Amazon and currently holds a 7% stake in the company. He has twice made the list of the world’s richest people, ranking fifth in 2015 and first in 2017.

Bezos is the world’s richest man in 2017
Photo: Archives

What does Jeff Bezos study?

Bezos studied computer science and electrical engineering at Princeton University, graduating in 1986.

His studies gave him financial knowledge, as upon graduation he obtained a position as a computer scientist at a Wall Street firm, and a few years later as a financial analyst.

How was Amazon born?

While working on Wall Street, Bezos gained so much knowledge about the business world that he began to combine his two great talents: computing and finance.

This led him to create cadabra.com in 1994, a website developed for online book sales; however, in 1995 Jeff changed the company’s name to Amazon and gradually began to launch a wide range of products.

The company started with an investment of US$300,000, and by 2018 its valuation exceeded US$150 billion, which shows its great success.

Amazon initially only sold books
Photo: Archives

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