Tuesday, February 26, 2019

40 Inspiring Jeff Bezos quotes about business

40 Inspiring Jeff Bezos quotes about business

1. “I think frugality drives innovation, just like other constraints do. One of the only ways to get out of a tight box is to invent your way out.” – Jeff Bezos

2. “The best customer service is if the customer doesn’t need to call you, doesn’t need to talk to you. It just works.” – Jeff Bezos

3. “What we need to do is always lean into the future; when the world changes around you and when it changes against you – what used to be a tail wind is now a head wind – you have to lean into that and figure out what to do because complaining isn’t a strategy.” – Jeff Bezos

4. “We’ve had three big ideas at Amazon that we’ve stuck with for 18 years, and they’re the reason we’re successful: Put the customer first. Invent. And be patient.” – Jeff Bezos

5. “We see our customers as invited guests to a party, and we are the hosts. It’s our job every day to make every important aspect of the customer experience a little bit better.” – Jeff Bezos

6. “The common question that gets asked in business is, ‘why?’ That’s a good question, but an equally valid question is, ‘why not?'” – Jeff Bezos

7. “My view is there’s no bad time to innovate.” – Jeff Bezos

8. “There’ll always be serendipity involved in discovery.” – Jeff Bezos

9. “If you’re competitor-focused, you have to wait until there is a competitor doing something. Being customer-focused allows you to be more pioneering.” – Jeff Bezos

10. “If you do build a great experience, customers tell each other about that. Word of mouth is very powerful.” – Jeff Bezos

11. “There are two kinds of companies, those that work to try to charge more and those that work to charge less. We will be the second.” – Jeff Bezos

12. “The one thing that offends me the most is when I walk by a bank and see ads trying to convince people to take out second mortgages on their home so they can go on vacation. That’s approaching evil.” – Jeff Bezos

13. “A brand for a company is like a reputation for a person. You earn reputation by trying to do hard things well.” – Jeff Bezos

Jeff Bezos quotes

14. “It’s not an experiment if you know it’s going to work.” – Jeff Bezos

15. “What’s dangerous is not to evolve.” – Jeff Bezos

Jeff Bezos Quotes: If you can't tolerate critics, don't do anything new or interesting16. “I believe you have to be willing to be misunderstood if you’re going to innovate.” – Jeff Bezos

17. “The thing that motivates me is a very common form of motivation. And that is, with other folks counting on me, it’s so easy to be motivated.” – Jeff Bezos

18. “I’m a big fan of all-you-can-eat plans, because they’re simpler for customers.” – Jeff Bezos

19. “There are two ways to extend a business. Take inventory of what you’re good at and extend out from your skills. Or determine what your customers need and work backward, even if it requires learning new skills. Kindle is an example of working backward.” – Jeff Bezos

20. “Life’s too short to hang out with people who aren’t resourceful.” – Jeff Bezos

21. “I don’t think that you can invent on behalf of customers unless you’re willing to think long-term, because a lot of invention doesn’t work. If you’re going to invent, it means you’re going to experiment, and if you’re going to experiment, you’re going to fail, and if you’re going to fail, you have to think long term.” – Jeff Bezos

22. “A company shouldn’t get addicted to being shiny, because shiny doesn’t last.” – Jeff Bezos

23. “My own view is that every company requires a long-term view.” – Jeff Bezos

24. “Part of company culture is path-dependent – it’s the lessons you learn along the way.” – Jeff Bezos

25. “We expect all our businesses to have a positive impact on our top and bottom lines. Profitability is very important to us or we wouldn’t be in this business.” – Jeff Bezos

26. “You want your customers to value your service.” – Jeff Bezos

27. “Market leadership can translate directly to higher revenue, higher profitability, greater capital velocity, and correspondingly stronger returns on invested capital.” – Jeff Bezos

28. “I strongly believe that missionaries make better products. They care more. For a missionary, it’s not just about the business. There has to be a business, and the business has to make sense, but that’s not why you do it. You do it because you have something meaningful that motivates you.” – Jeff Bezos

Jeff Bezos quotes

29. “Percentage margins don’t matter. What matters always is dollar margins: the actual dollar amount. Companies are valued not on their percentage margins, but on how many dollars they actually make, and a multiple of that.” – Jeff Bezos

30th Jeff Bezos Quote: “We are stubborn on vision. We are flexible on details…” – Jeff Bezos

31. Life's too short to hang out with people who aren't resourceful.31. “If you only do things where you know the answer in advance, your company goes away.” – Jeff Bezos

32. “If your customer base is aging with you, then eventually you are going to become obsolete or irrelevant. You need to be constantly figuring out who are your new customers and what are you doing to stay forever young.” – Jeff Bezos

33. “On the Internet, companies are scale businesses, characterized by high fixed costs and relatively low variable costs. You can be two sizes: You can be big, or you can be small. It’s very hard to be medium. A lot of medium-sized companies had the financing rug pulled out from under them before they could get big.” – Jeff Bezos

34. “If you don’t understand the details of your business you are going to fail.” – Jeff Bezos

35. “If you can’t tolerate critics, don’t do anything new or interesting.” – Jeff Bezos

36. “Great industries are never made from single companies. There is room in space for a lot of winners.” – Jeff Bezos

37. “Your margin is my opportunity.” – Jeff Bezos

38. “The balance of power is shifting toward consumers and away from companies… The right way to respond to this if you are a company is to put the vast majority of your energy, attention and dollars into building a great product or service and put a smaller amount into shouting about it, marketing it.” – Jeff Bezos

39. “If you double the number of experiments you do per year you’re going to double your inventiveness.” – Jeff Bezos

40th Jeff Bezos Quote: “If you decide that you’re going to do only the things you know are going to work, you’re going to leave a lot of opportunity on the table.” – Jeff Bezos

Which Jeff Bezos quote resonates with you the most and why? Please leave a comment below!