Jeff Bezos is one of the most influential people in the world and the most followed CEOs as well. He was the former CEO of one of the largest eCommerce platforms in the world, Amazon. He is one of the most successful industrialists, tech entrepreneurs, and media proprietors. Let’s have a look at some inspirational quotations that entrepreneurs of the current digital age:
If you are an individual with a business plan, then without wasting time, you can start your own business. You can use services by CenturyLink as it provides users with an easy and affordable way to connect to the internet and get things done using Centurylink internet prices that are very reasonable. Let’s not wait and start getting to know some principles about Jeff Bezos and his golden rules for entrepreneurs:
“A company shouldn’t get addicted to being shiny because shiny doesn’t last.”
This is one of the things that one should always keep in mind when you are starting a business. When you are starting a company, your aim should always fix a problem that people might be facing. People think that having a shiny office or a name can help them earn a big place but it is not the case as many big companies also suffer huge losses and then get out of the picture. So always make sure that you build a company that aims to serve the people.
“There are two ways to extend a business. Take inventory of what you’re good at and extend out from your skills. Or determine what your customers need and work backward, even if it requires learning new skills. Kindle is an example of working backward.”
This is one of the key rules of running a business and one of the tricks that can help you create more business using the products that you already know how to sell. The reason behind this is simply that you know the ins and outs of your products and the know-how to sell them. However, using something that you know little about might seem like risking a lot but it might still sell.
“In the old world, you devoted 30% of your time to building a great service and 70% of your time to shouting about it. In the new world, that inverts.”
This is a known fact that technology has changed the way people carry out business activities. Back in the day entrepreneurs used to depend on extensive marketing strategies and media that required a lot of budget and people used to rely on advertisements only. In the current age, marketing your business, idea or experience is made easy by different apps, software, and at times even games that can be an aid in creating innovative products. This totally depends on your product and the amount of money and other resources that you want to put in your product and the mediums you want to want to use to market your product.
“If you’re competitor-focused, you have to wait until there is a competitor doing something. Being customer-focused allows you to be more pioneering.”
This is one of the fundamental principles of business and ways to make more money while creating something innovative. One of the reasons behind this idea is that you are trying to make money selling something that your customers would want and you are supposed to create marketing policies and strategies according to the needs of your customers. So it is necessary that you should always base your strategies depending on your target audience rather than you targeting competitors.
“If you double the number of experiments you do per year you’re going to double your inventiveness.”
This is one of the most beneficial traits of entrepreneurs that they never quit improving their business strategies. This includes trying out a million techniques and strategies failing in a thousand ways and developing more ways to create better and more innovative products and services. This is one of the things that give them an idea about things that will or will not work for them. So if you are planning to create a profitable business, then it is a good thing for the success of your business.
It is not wrong to say that these are some ways that can help entrepreneurs of today create a better future for their business and also create opportunities as well. This is what entrepreneurs do and this is how they can lead their people as well. It is all in the mindset that startup owners and young minds should carry forward on their route to success.