Jeff Bezos Advice For young Entrepreneurs

In this interview with Business Insider and Amazon Prime Video India. Jeff Bazos talks about his success on Amazon, Jeff Bazos also share tips on what to focus on if you want to run a successful company like Amazon.


-You can always do better (How Amazon Always Do Better)
Amazon listen to their customer, their customer can teach them what's going wrong about their product. That's how Amazon get the feed back, and find the root cause deep inside Amazon system and fixed it. That's been the secret on Amazon operation success for over 20 years.


-Guard your time
People have very high standard for how they want their work life to be. If they can get their work life, that they can enjoy half of it that will be amazing. Because very few people ever achieve that.
Everything job comes with something you don't like. Whatever professional you are in, there will be something you don't like.

Jeff Bezos hate being over-scheduled. When you become a successful person, you tend to be over-scheduled. So you have to guard your time, and try to stay a little bit flexible


-Is your choices that construct your life
Young people that starting their career, should find something that they are passionate about. If you don't love your work, you will never be great at it.

Young people should really think about their choices, you can get very fixed on your gifts. But your gifts are not the things that construct your life, is your choices that construct your life.


-Be customer focused
Focus on your customer and not your competitor, customer focused works better in the long run. Once you are the leader in your industries, and you whole culture was competitor obsess is hard to stay energize and motivated.

But customer will always be unsatisfied, always want more, so no matter how far you are in front of your competitor you are still behind your customers.


-Have a day one mentality
Is great to have the scale of Amazon and have the financial resources and talented people in Amazon, and have operation all over the world. But that kind of scale the downside of that is, you lose your nimbleness, lose your entrepreneurial spirit, lose that kind of heart that small company often have.

To do well, Amazon always have the Day One Mentality, so that they can have the best of both world. The scale and resources of Amazon and the nimbleness and entrepreneurial spirit of a small company.


-Think about the fundamental, not the daily stock price
If the stock is up 10% this month, don't feel 10% smarter. Because when the stock is down 10%, you are going to feel 10% dumber and is not going to feel good.


-Think about the fundamental, not the daily stock price
If the stock is up 10% this month, don't feel 10% smarter. Because when the stock is down 10%, you are going to feel 10% dumber and is not going to feel good.


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