Jeff Bezos shares his best advice for anyone starting a business based on his experience founding Amazon 26 years ago

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Gulf
  • Date: 01-Jul-2021
  • Source: Business Insider
  • Sector: Financial Markets
  • Country: Gulf
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Jeff Bezos shares his best advice for anyone starting a business based on his experience founding Amazon 26 years ago

Jeff Bezos has a message for budding entrepreneurs: be ready to take big risks and fail. Bezos delivered the message at Amazon's Re:Mars conference in Las Vegas after he was asked what advice he would give to anyone looking to start their own business. At the time, Amazon was one of the most profitable public companies in the world with a market value of nearly $860 billion. Two years later, the e-commerce giant had more than when as CEO on July 5 "” the same date the company was incorporated. "Take risk. You have to be willing to take risk. If you have a business idea with no risk, it's probably already being done," he said at the 2019 conference. "You've got to have something that might not work. It will be, in many ways, an experiment." Many of those experiments will fail, but "big failures" are a necessary part of the journey toward success, he said. Bezos will transition to executive chairman of Amazon to focus on "new products and early initiatives." The CEO has long been known for his cutting edge business ideas, from using to creating Blue Origin, "We take risks all the time, we talk about

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