Jeff Bezos is almost worth $200 billion
Every year he writes an annual letter full of wisdom
I read all 40,000 words so you don't have to
Here are 15 lessons I learned:
Every year he writes an annual letter full of wisdom
I read all 40,000 words so you don't have to
Here are 15 lessons I learned:
1. Customer Centricity
Obsess over your customers and prioritize their needs above all else.
2. Embrace Fear
Let the fear of failing your customers drive your innovation and evolution.
Obsess over your customers and prioritize their needs above all else.
2. Embrace Fear
Let the fear of failing your customers drive your innovation and evolution.
3. Invest in Growth
Plant seeds for new ventures and nurture them with patience and discipline.
4. Long-Term Thinking
Measure success by long-term impact and always make decisions with a forward-looking perspective
Plant seeds for new ventures and nurture them with patience and discipline.
4. Long-Term Thinking
Measure success by long-term impact and always make decisions with a forward-looking perspective
5. Exponential Vision
Think exponentially and anticipate technological advancements to stay ahead in the market.
6. Work Ethic
Strive for excellence through hard work, intelligence, and high standards.
Think exponentially and anticipate technological advancements to stay ahead in the market.
6. Work Ethic
Strive for excellence through hard work, intelligence, and high standards.
7. Hiring Excellence
Recruit top talent who not only raise the bar but also contribute positively to the team culture.
8. Cultivate Commitment
Encourage a culture where those who aren't committed are encouraged to leave, fostering a dedicated team.
Recruit top talent who not only raise the bar but also contribute positively to the team culture.
8. Cultivate Commitment
Encourage a culture where those who aren't committed are encouraged to leave, fostering a dedicated team.
9. Decision-Making
Differentiate between irreversible and reversible decisions, making each with appropriate speed and deliberation.
10. Embrace Failure
View failure as feedback and a necessary part of innovation and growth.
Differentiate between irreversible and reversible decisions, making each with appropriate speed and deliberation.
10. Embrace Failure
View failure as feedback and a necessary part of innovation and growth.
11. Focus on Process
Prioritize the process over immediate results, understanding that consistent execution leads to long-term success.
Prioritize the process over immediate results, understanding that consistent execution leads to long-term success.
12. Cash Flow Management
Maintain a keen focus on cash flow, as it is the lifeblood of the business and essential for future growth and sustainability.
Maintain a keen focus on cash flow, as it is the lifeblood of the business and essential for future growth and sustainability.
13. Dream Businesses
Identify and pursue dream businesses characterized by customer loyalty, growth potential, strong returns on capital, and long-term viability.
Identify and pursue dream businesses characterized by customer loyalty, growth potential, strong returns on capital, and long-term viability.
14. Day 1 Mentality
Embrace a "Day 1" mindset, where growth and innovation are perpetual, and complacency is the enemy of progress.
Embrace a "Day 1" mindset, where growth and innovation are perpetual, and complacency is the enemy of progress.
15. Continuous Learning and Adaptation
Foster an environment of continuous learning and adaptation, where the organization remains agile and responsive to changing market dynamics and customer needs.
Foster an environment of continuous learning and adaptation, where the organization remains agile and responsive to changing market dynamics and customer needs.
That's it for today.
If you liked this, you'll LOVE to read the annual letters of Jeff Bezos yourself.
You can grab them here: compounding-quality.ck.page
If you liked this, you'll LOVE to read the annual letters of Jeff Bezos yourself.
You can grab them here: compounding-quality.ck.page
Loading suggestions...