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Jeff Bezos Advice For Those Who Want To Start A Business

Jeff Bezos gives a message for entrepreneurs who want to start a business. Namely, be prepared to take a big risk and fail.

“Take risks. You have to take risks, take the courage to experiment,” Jeff Bezos said as quoted by the entrepreneur.com page.

He admitted that if in the early days, maybe some experiments would fail. But this is considered to be an important part of the journey to success.

“We take risks all the time and we always talk about failure,” explained Jeff Bezos.

According to him, failure will move everything. If it fails that doesn’t matter.

Initially Jeff Bezos founded Amazon in 1995 and at that time only had 10 employees. Since then he has transformed his company into the foremost in the world.

His company has a capacity of almost USD 860 billion. Jeff said that in addition to taking risks and failing, an entrepreneur must also have a spirit of enthusiasm.

Especially above all, entrepreneurs must be obsessed with customers. “Don’t satisfy them, but enjoy them,” concludes Jeff Bezos.

Jeff Bezos is Still the World’s Richest Man

Amazon CEO Jeff Bezos became one of the victims of the poor performance of shares in the United States (US) on Monday, August 5, 2019. China’s move to weaken the currency made US stocks immediately weaken.

Bloomberg reportedly, Amazon’s Jeff Bezos shares fell by 3.2 percent. As a result, the wealth of the richest people in the world immediately declined in large numbers.

Among the richest people, Bezos lost up to USD 3.4 billion. He is not alone, Mark Zuckerberg’s Facebook shares fell 3.86 percent and legendary investor Berkshire Hathaway Warren Buffett fell 2.68 percent.

Nevertheless, Jeff Bezos is still the richest person in the world. His current wealth reaches USD 110 billion.

Overall, the 500 richest people in the world lost USD 3.4 billion due to the weak performance of shares on Monday. Bloomberg noted they were still getting rich.

After losing a lot of wealth, the 500 richest people still have total assets of USD 5.4 trillion. That number is still 11 percent higher compared to early 2019.