Tag Archives: business entrepreneurship

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How wealthy is Jeff Bezos?

Research by Oxfam showed us a little sneak-peek into Everest of wealth Bezos owns, it denoted that one percent of the world’s richest man’s wealth is equivalent to the complete health budget of Ethiopia. The 55-year-old Amazon founder has witnessed a meteoric rise his wealth in the last few years, according to Bloomberg Billionaire Index his total worth has crossed $135 Billion (around Rs.9,96,180 crore).

Talking about some more amazing numbers, Bezos’ wealth is a lot more than the GDP of more than 131 standalone nations. If Mr. Amazon was a nation, he rank would be approximately 57 out of the 188 countries when it comes to total net worth. He has garnered a lot more wealth than a lot of nations including Jamaica, Iceland, Estonia, and Tunisia.

A Page From The Book Of Inspiration

Bezos was not born with a golden spoon, an inspiration for the world today he grew up with his step-father and a craving for knowledge in school. As a kid, he spent most of his summers fixing windmills and repairing everything that stopped working on his grandparents’ Texas ranch. The entrepreneur credits these tiny tinkering with ranch tools for his inclination towards experimentation.

Jeff Bezos

The Princeton graduates’ drive to push the boundaries and goals is what’s helped Amazon to sore high and maintain its reign as the world’s biggest and the most successful online retail business. He has gone on record that his recipe for success includes taking up bold risks, welcoming the change and rebounding from the setbacks.

In an interview by Vanity Fair last year Bezos remarked that “You need to be nimble and robust so you need to be able to take a punch and you also need to be quick and innovative and do new things at a higher speed, that’s the best defense against the future.”
Bezos has taken a keen interest in adopting new and enhanced technologies he further says that “You have to always be leaning into the future. If you’re leaning away from the future, the future is gonna win, every time.”

Disruptor-In-Chief

Trailblazers like Bezos see the world as a workshop. He is always up to find answers to all the “what-if” questions which the world passes on.

The entrepreneur has a substantiate track-record for dismantling and shaking up the various businesses he steps in, so much so that the world has dubbed him as “disruptor-in-chief”.

Jeff Bezos Success Story

This ultimate disrupter has turned and toppled the book industry and displaced the electronics merchants. Now, Amazon is pushing into selling everything big 7 small to making feature films to manufacturing iPad-worthy tablets for readers. Bezos is willing to step into deep-waters and lose money, yet investors from all around the world have embraced him open arms, taking Amazon at a position where every company just dreams to be. As Amazon experiments and expands, Bezos continues his zealous approach towards delivering a great customer experience.

HOW DID BEZOS DO IT?

From working in McDonald’s to becoming the richest man on the planet the most fascinating thing about Bezos’ story is his undoubted commitment to implementing a long term vision, all this while the world around could not apprehend it.

Amazon showed no signs of development for 20 years and it was criticized by the media now and then. The business pundits termed Amazon as a growing e-bookstore which couldn’t become profitable. In between all this, they missed the bigger picture.

And while everyone debated over the company’s polarizing nature and aggressive expansion, team Amazon lead by Bezos focused just on execution. The world never envisioned the “ everything store”, it didn’t mean Bezos could not build it.

He was ready to be misunderstood for a very long time just to follow his vision -the one that he roughly drew on a napkin once-

Amazon

His vision and haters-gonna-hate attitude have brought him to a position today where his profit numbers make the same people jaw-drop.

Entrepreneurs should have the courage to fail and learn new lessons every time. So, whether you are remodeling a product like Jeff Bezos did with his grandpa’s farm, or testing a new idea which the world discourages you to undertake, remember’s Bezos funda about experimentation and the spirit of doing-and-learning. The more you experiment, the closer you get to positive, powerful results.

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Three days of the New Year have already passed and you are still trying hard to follow your newest resolution of going to the gym ( just like you did last year and the year before it :-P) or making it a point to eat healthy (don’t count the cheesy pizza you just finished).

Shun them all…..Take business resolutions that you will follow, New Year Resolution that will help you be a go-getter.

New Year Resolutions

Many of us are skeptical about taking resolutions, fearing that we’ll not see them through. It’s never too take to take resolutions, resolutions which you will actually follow, resolutions that will favorably help your business grow. Make resolutions that you won’t abandon, things that you’ll religiously fulfill.

As entrepreneurs the urge to do better and the greed for success is never-ending. Questions like “Will my product work?” to “Should I hire more people?” keep haunting you the whole year round. Don’t let such thoughts govern your mind, make resolutions at the start of the year that never let such thoughts sprout.

New Year’s Resolution List

There is still time, here’s a list of New Years Resolution ideas which you can not just try but follow-

Breathe, Get a life!!

The work mammoth can easily suck you in, drain away all your energy and leave you with no time to live a LIFE. Obligations and tasks from work will keep you glued to your gadgets round the clock. This year, learn to prioritize. Don’t let things like work from home ruin your leisure or family time. Break-free from this never-ending tug-of-war, be available for people around you and be rigid about it. Go out on family dinners, take a yoga class or take a walk without your phone.

This will help you work better, stay fresh and be a happier person.

Money Really Matters

Do you manage your money matter the right way? Frankly speaking, we don’t.

We are too busy putting our mind and soul into our businesses that we brutally neglect our financials.  Clean and healthy financials lead to a prosperous business, therefore as an entrepreneur you cannot afford to keep a deaf ear to money matters. This year, make it a point to get in constant touch with your CFO, know your cash flows. Don’t let it all be Hebrew to you invest in financial management software. Seeing your hard-earned money grow so closely will urge to perform better, grow more and faster.

Pay Heed To Feedback, even if you don’t like it

You are not always right. Take it down the throat.

Be passionate and adrenalized towards your goal but don’t always convince yourself that whatever you are doing is “right”. Don’t turn a blind eye to anyone giving you truthful feedback or a signal that might affect you otherwise.

This year I challenge you to be a good listener, collect everyone’s feedback be it be your friends, family, investors, colleagues or customers. There is always some value in what they are saying, take an accepting approach to everything and your road ahead will have less recurring obstacles.

Don’t Be Jack Of All Trades

The Battle Cry of managing every task smoothly is to delegate, delegate and delegate more. Still, most of us don’t do it.

Don’t try to be Superman, I know your product/service is your baby and you want everything to be perfect. Handing off tasks to someone may be difficult, you may think what if something goes wrong? What if they just forget and drop the ball? Or do something wrong? But because of such doubts you cannot just keep everything to yourself, delegation is not a choice but a necessity.

Hire dependable folks, train them to understand the task and beat all the expectations so that you can delegate more and more to them. Delegate more, prosper more!!

Let Bygones Be Bygones

For  successful entrepreneurs failures are inevitable for us. You will always end up hiring the wrong people, miss deadlines, have displeased customers and loads more. Every pitch you send will not bring in investors or every product you make will not surpass the best sales record.

Since childhood we are preached that failures are stepping stones to success, we still see ourselves dwelling on our failures and let them rule our future decisions. Let 2019 be different, look forward. Take lessons from every failure, don’t repeat them but don’t linger around it.

I know its lot easier said than done. As an entrepreneur, every minute of your life is important to dedicate every ounce of your energy to work better.

The Crux

Make Things Happen

You can never achieve your goals if you don’t take out time to set them. There are no silver steps to the ladder of success. But you can always start early and pave your own path, dream bigger and work towards it. Take along your team, be a good leader-lead like a lion and rule the kingdom in style.