Jeff Bezos (founder of Amazon) is now in the 5th spot on world’s wealthiest people list.
According to Time Bezos’s wealth is ahead of Buffett by about $300 million but he started out poor.
According to Funders and Founders Bezos wanted to start a business right after college but didn’t.
So how did he start?
Source: Funders and Founders
HOW DID BEZOS DO IT?
Visual Capitalist explains:
“We are willing to be misunderstood for long periods of time.” – Jeff Bezos
Perhaps the most enthralling element of the Jeff Bezos story is his resolute commitment to executing a long-term vision, all while the rest of the world could not comprehend it.
The company ran 20 years without showing signs of significant profit, and it was regularly criticized in the media.
Pundits saw Amazon as a growing online book store that couldn’t make money.
They didn’t get the bigger picture.
And while the world debated Amazon’s aggressive expansion and polarizing nature, Bezos and his team stayed focused on execution.
Even if people didn’t see the vision for the “everything store”, it didn’t mean that Amazon couldn’t build it.
They were willing to be misunderstood for a long time in order to follow the vision.