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Mridul Das
Introvert! • 1d
Jeff Bezos' 7 Business Lessons for Entrepreneurs from his personal experience 1🔸 Use the regret minimization framework Think about decisions from the perspective of being 80 years old. Ask yourself: “Will I regret not doing this?” 2🔸 Find the right opportunity Choose ventures with long-term growth potential. Bezos picked the internet over books, leveraging its explosive growth. 3🔹Be customer-obsessed Focus obsessively on customer satisfaction. Bezos calls it the “secret sauce” behind Amazon’s success. 4🔸Fear customers, not competitors Don’t worry about competitors; focus on customers because they’re the ones who bring in the money. 5🔸Hire for intensity Hire people who believe in the mission and have a strong sense of purpose. 6🔹Protect your culture Maintain a strong internal culture, even if it’s challenging. A good culture attracts the right talent. 7🔸Feed the flywheel Create a cycle of great service, wide selection, and low prices to attract more customers, driving growth continuously.
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