5 Lessons From Billionaire Jeff Bezos That All Entrepreneurs Can Learn From
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In the digital age, no name is more recognizable than Jeff Bezos, CEO and Founder of Amazon. With the effects of the Covid-19 pandemic still being felt around the world in one way or another, the services provided by Bezos’ company, Amazon, are arguably some of the most vital in our modern society. Over the years, Bezos has provided plenty of wisdom and advice to others looking to emulate his success. Here are five things we can learn from this billionaire to implement in our businesses.
1. Choosing to work hard is the key to success
What is the difference between a feat and a skill? Does being good at something require effort on your part? In response to these questions, Bezos said, “When you have a gift and you work hard, you’re really going to take advantage of that gift. When you do it right, it will lead to your success. The world is full of people who have never put in the effort or can’t afford to take full advantage of their gifts, and that can be a determining factor for success.
Growing up, my high school motto was “nil sine labore,” which in Latin means “nothing without hard work.” As a teenager, I couldn’t quite appreciate that saying. However, 20 years and a company later, I know you have to work every day to achieve your goals. You cannot rest on your laurels.
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2. Don’t be afraid to dream big and aim for the moon!
We all have dreams. These dreams can often act as a driving force for us throughout our lives. Some people dream of having a certain job, such as being a firefighter, a professional athlete, or an astronaut. Others dream of reaching milestones in life, whether they are family, personal, or professional goals. Whatever that dream might be, it’s up to us (and often only us) to do what it takes to make our dreams come true.
Bezos fulfilled a lifelong dream last July, when he ventured into space aboard his company Blue Origin’s New Shepard rocket. Although the majority of us will probably never experience the thrill of spaceflight, we all have the power to dream big and work towards achieving those dreams. As they say, if we aim for the moon, we might just land among the stars.
Setting ambitious goals has been important in my life. From moving to New York from Australia to work in advertising and public relations, starting my own business, attracting my perfect life partner, getting in shape for 40 years. These are just a few of my goals that I have set myself to pursue and achieve. In fact, I even wrote a book about how everyone can achieve their life goals as well, which was another item on my to-do list. Many of us have a great two-, five-, or ten-year plan, but as we all know, especially since the pandemic, plans change. What are you doing today to start living the life of your dreams?
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3. Think bigger than yourself to understand the needs around you
Successful people understand that there is more to life than what is directly in front of them. After his trip to space, Bezos discussed his new outlook on life, which inspired him to pledge $10 billion to fight climate change over the next decade. The most recent pledge, totaling $2 billion, is being used to “restore nature and transform food systems.”
What lesson can we learn here? We may not all have billions, but we can all contribute to conservation efforts. Things like recycling, reducing water and carbon emissions, and going green in every way possible all contribute to the same goal, and it helps us look beyond ourselves.
4. Find success in the fires of adversity
Winston Churchill once said, “Never let a good crisis go to waste. The Covid-19 pandemic has affected every person on the planet. Although many have experienced reduced work hours, loss of business, and other such shifts, many billionaires (Bezos included) have actually increased their net worth exponentially. It may sound wrong, but you can’t argue with the fact that Bezos’ company provides a product that keeps us surviving during various lockdowns and restrictions.
A crucial part of our efforts to achieve our goals is the struggle we wage to achieve those goals. In fact, a synonym of strive is to struggle againstand through these struggles we can find our own successes, refined in the fires of adversity.
5. Don’t let your situation define who you are or what you can achieve
Bezos was not born into wealth. He did not inherit a large, well-funded and functioning company. Like many of us, he was surrounded by difficulties dating back even before his birth. After being “born the son of a 16-year-old mother and a deadbeat father” and working on his grandparents’ ranch during the summer raising cattle and doing chores, Bezos is expected to eventually go to the beyond his humble situation and take risks in order to begin to walk the path he has chosen. This can be a valuable lesson for all of us.
Too often we are quick to blame our lack of success or means on those around us. We find ways to complain that we will never get what we think we want or deserve, because we are held back or tied to the circumstances in which we find ourselves.
We can’t all be billionaires. However, we can still benefit from learning from people like Jeff Bezos. With the five lessons outlined above, we can take a step closer to a successful and happier life, even if we don’t make billions.
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