9 Quotes from Jeff Bezos that Will Boost Your Business

The world’s richest man (bye, bye Bill Gates) reveals the secrets to Amazon’s $400 billion valuation.

Nick Brown
Jul 26, 2017 · 8 min read

1. “If we think long term we can accomplish things that we wouldn’t otherwise accomplish. Time horizons matter. They matter a lot.”

2. “Mine was cheaper.”

Bezos as a five year old with his grandfather in Texas.

3. “There are two kinds of retailers: those folks who work to figure how to charge more, and companies that work to figure how to charge less, and we are going to be the second.”

4. “Your job is to kill your own business… I want you to proceed as if your goal is to put everyone selling physical books out of a job.”

On the other hand, great companies succeed, Christensen writes, when they, “set up autonomous organizations charged with building new and independent businesses around disruptive technology.”

Bezos did that, and the results established Amazon as the undisputed market leader in e-reading.

5. “Even well meaning gatekeepers slow innovation… When a platform is self-service, even the improbable ideas can get tried… Many of those improbable ideas do work, and society is the beneficiary of that diversity.”

6. “In order to be a two-hundred-billion-dollar company, we’ve got to learn how to sell clothes and food.”

7. “Come back in a week when you figure out what you’re doing… But great work, everyone.”

Bezos is known for his brutal honesty. Here he is meeting with former Secretary of Defense Ash Carter.

8. “People don’t have any idea yet how impactful the Internet is going to be and that this is still Day 1 in such a big way.”

He noted, “Things just don’t grow that fast. It’s highly unusual, and that started me thinking, ‘What king of business plan might make sense in the context of that growth?’”

Once he formulated the business plan for Amazon, he quit his job as a Wall Street financial analyst, and started capitalizing on the power of the net.

9. “The truth about what makes us different, [is] this: We are genuinely customer-center, we are genuinely long-term oriented, and we genuinely like to invent. Most companies are not those things.”

What Steve Jobs was to the first decade of the 2000s, Jeff Bezos is to this decade.

Amazon will continue to soar because of the CEOs intense focus on his company’s mission. Bezos may even overtake Bill Gates as the world’s wealthiest man.

Thank you for reading!

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Nick Brown

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Co-Founder and CEO of effct.org || Denver || 🇨🇴 Fulbright Scholar, Colombia || 🇺🇸 Teach for America, Mississippi || ✌🏼USC '12 || 👻 Snapchat: BrownyBite

The Mission

A network of business & tech podcasts designed to accelerate learning. Selected as “Best of 2018” by Apple. Mission.org