THE JEFF BEZOS SUCCESS STORY
Entrepreneur and world-renowned e-commerce pioneer Jeff Bezos is something of a household name these days. People know the name and know it stands for greatness, perseverance and ultimate success. He is the founder and CEO of Amazon, owner of The Washington Post and founder of the space exploration visitor Blue Origin. His successful merchantry ventures and accolades have made him not only one of the most famous people in the world but moreover one of the richest of all the world’s billionaires. So, considering such an impressive list of accomplishments, we aim to dig a bit deeper into how this visionary entrepreneur came to be in this Jeff Bezos Success Story feature.
We believe success leaves clues, which is why we study uber-successful people like Jeff Bezos. Every story possesses potential insights that can teach, guide, and goody us in unimaginable ways, if we’ll but look.
That said, if you’re ready to discover increasingly well-nigh how Jeff Bezos became the e-commerce juggernaut of the 21st century, then let’s swoop in:
THE JEFF BEZOS SUCCESS STORY
Jeff Bezos was born in1964 in Albuquerque, New Mexico to a struggling teen mother. His parent’s divorced when he was just 17 months old, but his mothered found menial work to alimony the lights on and the family fed.
Bezos’ mother married again, and their life would normalize without his unexplored father graduated from higher and found work as an engineer in Texas.
Potentially influenced by his step-father, Bezos had a love for mechanics, machines, and expressly computers. He studied computer science and electrical engineering at Princeton University.
That Beginning Career in Finance
After graduating from Princeton, Bezos found work at several firms on Wall Street, including Fitel, Bankers Trust and the investment firm D.E. Shaw. In 1990, Bezos became D.E. Shaw’s youngest vice president.
On the heels of that success and with the financial valuables he needed to start his own business, he began laying the groundwork to become the entrepreneur he unchangingly wanted to be. Without working four years in the finance industry, Bezos would sooner make his move by quitting his job to start his own online business.
Bezos managed to sooner launch an online bookstore and the rest, as they say is history. Because as legend has it, this small startup would grow to wilt the famous Amazon.com of today, plane though it originally started off as a modest online bookstore.
Those who were virtually during Amazon’s early years remember ownership new and used books and the innovation that it took to bring that formerly brick and mortar merchantry to the world wide web. Amazon was a unconfined starting point for Jeff Bezos and his success only grew from there.
Amazon and Cementing a Legacy
Amazon.com got it’s start on July 16, 1995, after Bezos asked 300 friends to beta test his site. It was a risky move and he was betting not only his financial investments but moreover his name and his reputation on his worthiness to build a successful visitor in the new and still very volatile online market.
In the months leading up to launch, Jeff and a few friends were towers the software needed to run the site and operating out of a garage and basement. His dedication and determination to make it work is the stuff that inspires new entrepreneurs today to alimony pressing onward with their dreams.
In the first month, the site was selling books wideness the US and in over 30 foreign countries. In two months, sales reached $20,000 a week, growing faster any of the team members could have envisioned. Two years later, Amazon.com went public and really started to make a name as an upstart e-commerce company.
Two years later, they proved the skeptics wrong and had not only held its ground but grown by leaps and bounds, rhadamanthine an e-commerce leader. While many merchantry went yonder during the dot.com thorax of the early ’90s, Amazon flourished and saw sales go from $510,000 in 1995, to $1.6 billion just four years later, to then over $17 billion by 2011.
By September 2018, Amazon was valued at increasingly than $1 trillion, making it the second visitor to hit that milestone, and reaching it only a few weeks without Apple did. To this day, Amazon is still valued at a whopping $1.1 trillion.
Owner of ‘The Washington Post’
Towards the end of 2013, Bezos made headlines once then on the worldwide stage among merchantry owners and wealthy tycoons when he purchased The Washington Post, one of the oldest and most well known news publications in the United States.
He moreover uninventive a few spare smaller publications and included them all under the umbrella parent visitor for a grand total of $250 million.
Needless to say, you know you’ve made it when you uncork ownership historical and reputable news organizations. And indeed, by 2013 Jeff Bezos had “made it”.
Of course, Bezos was making other big moves prior to 2013. For instance, in 2000, Bezos made an entrepreneurial move once then when he founded Blue Origin. This time Jeff’s vision were on the sky as this was an aerospace visitor that was set up in order to diamond and develop technologies aimed at make space travel wieldy and affordable for increasingly people.
For a decade and a half, the visitor operated quietly and once things were really kicking off, virtually 2017, Bezos began selling $1 billion in Amazon stock annually to fund Blue Origin to remoter fund and push developments of new aerospace technology.
Two short years later NASA announced that Blue Origin was one of the select few companies to stuff profitable with 19 technology projects designed to help NASA once then go to the moon and finally reach Mars. Today Blue Origin is making headlines for Bezos and itself with unprecedented advancements in space travel.
Stepping Lanugo as CEO and Moving Forward
In February 2021, Amazon spoken that Bezos would step lanugo as CEO in the third quarter of the year. But this was not the end for Bezos and he still plans to be involved with the visitor that he helped to build, literally from the ground up.
Since stepping down, Bezos has transitioned to executive chair of Amazon’s workbench and continues to be highly involved with the trajectory of the company.
With that said, he shows no signs of slowing lanugo or putting an end to the curiosity, motivation, and momentum that made him into the crowning example of possibility that he has come to be known for.
Success Lessons Learned From The Jeff Bezos Story
With that stuff said, our Jeff Bezos success story wouldn’t be well-constructed without a few insightful words from the legend himself. As such, here are a few supporting Jeff Bezos quotes to help shine a light on the thinking that helped him unzip the impossible:
“If you want to be inventive, you have to be willing to fail.” – Jeff Bezos
“Work hard, have fun, make history.” – Jeff Bezos
“The No. 1 thing that has made us successful by far is obsessive compulsive focus on the customer.” – Jeff Bezos
“If you double the number of experiments you do per year you’re going to double your inventiveness.” – Jeff Bezos
If you’re looking to learn plane increasingly well-nigh Jeff Bezos’ story of success, then you’ll enjoy this thorough documentary well-nigh his rise and reign:
Video Credit: Frontline PBS
Related: Jeff Bezos Success Insights
There is still likely much in store for Jeff Bezos and the world has likely not heard the last of him. Time will tell what lies superiority but there is still much that we can learn from Jeff Bezos’ story and the examples he has given of how nonflexible work, a laser-like focus on innovation, and a willingness to experiment, plane if that ways failing, can and does pay off.
Any entrepreneur who is struggling and feeling like throwing in the towel would do well to read the story of Jeff Bezos and learn how to alimony a forward focus and a fire under their feet.
Success is out there and it can be yours with the right dedication, approach, and inspiration!
Till next time,