Jeff
Preston Bezos is the founder, chairman and chief executive officer of Amazon.
Born on January 12, 1964, Jeff Bezos is also an American technology
entrepreneur, investor and philanthropist. Bezos founded Amazon in late 1994 on
a cross-country road trip from New York City to Seattle. Amazon began as an
online bookstore and has now expanded to selling multiple varieties of products
and services, like video and audio streaming, cloud infrastructure services,
office products, etc. Today, Amazon sells over 480 million products in the
USA.
Jeff
Bezos overtook Bill Gates to become the richest person in the World in July
2017, following an increase in Amazon’s stock. He was designated the “wealthiest
person in modern history” after his net worth increased to $150 billion. Bezos
is still the richest person in the world to date with an estimated net worth
of 162 billion USD. He is also the first centi-billionaire on the
Forbes wealth index.
Like
Jeff Bezos says, stress comes from ignoring things you shouldn't be ignoring.
Success quotes from the world's most successful entrepreneur should not be
ignored. They are categorized into, quotes on innovation, quotes on business
strategy and quotes on customer centricity.
Quotes
on Innovation
1.
“If you
double the number of experiments you do per year you’re going to double your
inventiveness.” ~Jeff Bezos
2.
“Invention
requires a long-term willingness to be misunderstood. You do something that you
genuinely believe in, that you have conviction about, but for a long period of
time, well-meaning people may criticize that effort.
3.
“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.” ~Jeff Bezos
4.
“My view is
there’s no bad time to innovate.” ~Jeff Bezos
5.
“I think
frugality drives innovation, just like other constraints do. One of the only
ways to get out of a tight box is to invent your way out.” ~Jeff Bezos
6.
“We innovate
by starting with the customer and working backwards. That becomes the
touchstone for how we invent.” ~Jeff Bezos
7.
“I believe
you have to be willing to be misunderstood if you’re going to
innovate.” ~Jeff Bezos
8.
“A company
shouldn’t get addicted to being shiny, because shiny doesn’t last.” ~Jeff
Bezos
9.
“There’ll
always be serendipity involved in discovery.” ~Jeff Bezos
10.
“It’s not an
experiment if you know it’s going to work.” ~Jeff Bezos
11.
“It’s hard
to find things that won’t sell online.” ~Jeff Bezos
12.
“Maintain a
firm grasp of the obvious at all times.” ~Jeff Bezos
13.
“One of the
huge mistakes people make is that they try to force an interest on themselves.
You don’t choose your passions. Your passions choose you.” ~Jeff Bezos
14.
“If you
decide that you’re going to do only the things you know are going to work,
you’re going to leave a lot of opportunity on the table.” ~Jeff Bezos
15.
“If you
can’t tolerate critics, don’t do anything new or interesting.” ~Jeff Bezos
16. “Invention by its very nature is disruptive.” ~Jeff
Bezos
17. “We innovate by starting with the customer and
working backwards. That becomes the touchstone for how we invent.” ~Jeff
Bezos
18. “What’s dangerous is not to evolve.” ~Jeff Bezos
19. “We’ve had three big ideas at Amazon that we’ve stuck
with for 18 years, and they’re the reason we’re successful: Put the customer
first. Invent. And be patient.” ~Jeff Bezos
Quotes
on Business Strategy
20.
“We expect
all our businesses to have a positive impact on our top and bottom lines.
Profitability is very important to us or we wouldn’t be in this business.” ~Jeff
Bezos
21.
“Your margin
is my opportunity.” ~Jeff Bezos
22.
“There are
two kinds of companies, those that work to try to charge more and those that
work to charge less. We will be the second.” ~Jeff Bezos
23.
“Life’s too
short to hang out with people who aren’t resourceful.” ~Jeff Bezos
24.
“My own view
is that every company requires a long-term view.” ~Jeff Bezos
25.
“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.” ~Jeff
Bezos
26.
“Position
yourself with something that captures your curiosity, something that you’re
missionary about.” ~Jeff Bezos
27.
“A brand for
a company is like a reputation for a person. You earn reputation by trying to
do hard things well.” ~Jeff Bezos
28.
“Your brand
is what other people say about you when you’re not in the room.” ~Jeff
Bezos
29.
“The common
question that gets asked in business is, why? That’s a
good question, but an equally valid question is, why not?” ~Jeff Bezos
30.
“You want to
look at what other companies are doing. It’s very important not to be
hermetically sealed. But you don’t want to look at it as if, ‘OK, we’re going
to copy that.’ You want to look at it and say, ‘That’s very interesting. What
can we be inspired to do as a result of that?’ And then put your own unique
twist on it.” ~Jeff Bezos
31.
“Percentage
margins don’t matter. What matters always is dollar margins: the actual dollar
amount. Companies are valued not on their percentage margins, but on how many
dollars they actually make, and a multiple of that.” ~Jeff Bezos
32.
When you
receive criticism from well-meaning people, it pays to ask, ‘Are they right?’
And if they are, you need to adapt what they’re doing.
33.
“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.” ~Jeff Bezos
34.
“I strongly
believe that missionaries make better products. They care more. For a
missionary, it’s not just about the business. There has to be a business, and
the business has to make sense, but that’s not why you do it. You do it because
you have something meaningful that motivates you.” ~Jeff Bezos
35.
“Great
industries are never made from single companies. There is room in space for a
lot of winners.” ~Jeff Bezos
36.
“What we
need to do is always lean into the future; when the world changes around you
and when it changes against you – what used to be a tail wind is now a head
wind – you have to lean into that and figure out what to do because complaining
isn’t a strategy.” ~Jeff Bezos
37.
“We are
stubborn on vision. We are flexible on details” ~Jeff Bezos
38.
“The great
thing about fact-based decisions is that they overrule the
hierarchy.” ~Jeff Bezos
39. “Market
leadership can translate directly to higher revenue, higher profitability,
greater capital velocity, and correspondingly stronger returns on invested
capital.” ~Jeff Bezos
40.
“Work hard,
have fun, and make history.” ~Jeff Bezos
Quotes
on Customer Centricity and Care
41.
“We see our
customers as invited guests to a party, and we are the hosts. It’s our job
every day to make every important aspect of the customer experience a little
bit better.” ~Jeff Bezos
42.
“Obsess
about customers, not competitors.” ~Jeff Bezos
43.
“The most
important single thing is to focus obsessively on the customer. Our goal is to
be earth’s most customer-centric company.” ~Jeff Bezos
44.
“The best
customer service is if the customer doesn’t need to call you, doesn’t need to
talk to you. It just works.” ~Jeff Bezos
45.
“You want
your customers to value your service.” ~Jeff Bezos
46.
“If you do
build a great experience, customers tell each other about that. Word of mouth
is very powerful.” ~Jeff Bezos
47.
“Our point
of view is we will sell more if we help people make purchasing
decisions.” ~Jeff Bezos
48.
“What consumerism
really is, at its worst is getting people to buy things that don’t actually
improve their lives. ~Jeff Bezos
49.
“We see our
customers as invited guests to a party, and we are the hosts. It’s our job
every day to make every important aspect of the customer experience a little
bit better. ~Jeff Bezos
50.
“If your customer
base is aging with you, then eventually you are going to become obsolete or
irrelevant. You need to be constantly figuring out who are your new customers
and what are you doing to stay forever young.” ~Jeff Bezos
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