Jeff Bezos is the first Centibillionare
100 billion = Centibillionare.
Around 125 countries GDP= Net worth of Bezos
How a person who started company from a garage make his company so big?
I will tell you his strategies, mindset and thought process.
How he became rich?
Jeff Bezos timely build good products, timely purchased new companies, timely investment in companies which lead to growth in his net worth.
Amazon market capitalization is 763 billion. World's second largest.
Service provided by Amazon are:
Retail goods, Amazon Prime, digital content, video , music etc.
Jeff Bezos was born in January 1964. At very less age he became vice-president of Marchant banking company in 1990.
Then he thought about internet. After that he resigned his job and started a new company named after Amazon River.
Amazon offered his IPO in 1997. On its starting it was an online book selling company. Initial IPO was a failure. There are very less companies which survive the crises of .com in 2000.
I will tell you 5 points which make Jeff Bezos and his company different from others.
1. CUSTOMER IS THE KING AND I AM THE SERVANT
He say that customer is the king and I am his servant. He treats customer like a king.
He take care of two things
1. What customer like most
2. What customer dislike most
He saw that customer hate three things
1. Delay
2. Defect
3. Out of stock
He take care of what customer like and dislike.
2.EXPECT MORE FROM HIS EMPLOYEES.
He expect very much from his employees. He says that my 5 lakh employees are for taking care of my more than 15 crore customers. Amazon is famous because of same day Dilevery. Order in the morning product will be on your door till evening. He says his employees for regular improvement.
3.LONG TERM VISION
When people invested in Amazon they expect profit. When they asked for profit Jeff Bezos use to say that my vision is not of 3 months it is a long term vision. He design his next 3 months according to his next 3 years.
Jeff Bezos say about his company
4.COMPLEXITY THE SIMPLE AND SIMPLIFY THE COMPLE.
Two types of entrepreneur are present today. First which are like Jeff Bezos, Mark Zuckerberg, and Elon Musk these are people which present very complex things in a simple way. Second . Today tech companies want to present some out of the box which led to lack in clear vision.
5. EVERY EMPLOYEE HAS A HIDDEN OWNER WITHIN.
He say that create an owner in every employee this is the only way for fast success of a company. He don't need servant he need owner for his company who treat Amazon company like his own company.
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