We are our choices. Build yourself a great story.
Jeff BezosRead
If you don't understand the details of your business you are going to fail.
Interpretation
Understanding the details of your business is crucial for success.
This quote by Jeff Bezos emphasizes the importance of knowing the intricacies and details of one's business. If a leader lacks understanding of their operations, they are more likely to make poor decisions that can ultimately lead to failure.
In practice
In a business seminar to stress the importance of detailed knowledge.
We are our choices. Build yourself a great story.
Work hard, have fun and make history.
If you're not stubborn, you'll give up on experiments too soon. And if you're not flexible, you'll pound your head against the wall and you won't see a different solution to a problem you're trying to solve.
But there's so much kludge, so much terrible stuff, we are at the 1908 Hurley washing machine stage with the Internet. That's where we are. We don't get our hair caught in it, but that's the level of primitiveness of where we are. We're in 1908.
Because, you know, resilience - if you think of it in terms of the Gold Rush, then you'd be pretty depressed right now because the last nugget of gold would be gone. But the good thing is, with innovation, there isn't a last nugget. Every new thing creates two new questions and two new opportunities.
When you are eighty years old, and in a quiet moment of reflection narrating for only yourself the most personal version of your life story, the telling that will be most compact and meaningful will be the series of choices you have made. In the end, we are our choices.
My half-baked reading of history is that we continue to go through these waves of entrepreneurial explosion followed by merger mania and consolidation. Out of that come big sluggish companies that eventually collapse under the weight of what they've created, and are killed off by the next wave of entrepreneurs.
Most business models have focused on self interest instead of user experience. Those are the kinds of problems we solve to solve.
Be influenced by nothing but your clients' interests. Tell them the truth.
In a free enterprise, the community is not just another stakeholder, but is in fact the very purpose of its existence.
One customer well taken care of could be more valuable than $10,000 worth of advertising.
What I do know, at least what I think I have learned from my experiences in business, is that when there is a rush for everyone to do the same thing, it becomes more difficult to do. Not easier. Harder.
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