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Failure comes part and parcel with invention. It’s not optional.
Jeff Bezos
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Jeff Bezos
Age: 60
Born: 1964
Born: January 12
Astronaut
Computer Scientist
Entrepreneur
Albuquerque
New Mexico
Jeffrey Preston Bezos
Jeffrey Preston Jorgensen
Jeff Preston Bezos
Jeffrey Preston ''Jeff'' Bezos
Part
Parcel
Optional
Invention
Failure
Comes
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When you receive criticism from well-meaning people, it pays to ask, ‘Are they right?’ And if they are, you need to adapt what they’re doing. If they’re not right, if you really have conviction that they’re not right, you need to have that long-term willingness to be misunderstood. It’s a key part of invention.
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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.
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I'm going to go do this crazy thing. I'm going to start this company selling books online.
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It’s very important for entrepreneurs to be realistic. So if you believe on that first day while you’re writing the business plan that there’s a 70 percent chance that the whole thing will fail, then that kind of relieves the pressure of self-doubt.
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Mediocre theoretical physicists make no progress. They spend all their time understanding other people's progress.
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There's so much stuff that has yet to be invented. There's so much new that's going to happen. People don't have any idea yet how impactful the internet is going to be and that this is still Day 1 in such a big way.
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One of the things that gets me up in the morning is knowing that customer expectations are always rising, and I find that very exciting.
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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.
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The best customer service is if the customer doesn't need to call you, doesn't need to talk to you. It just works.
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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.
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The great thing about fact-based decisions is that they overrule the hierarchy.
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Though we are optimistic, we must remain vigilant and maintain a sense of urgency.
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If you can't feed a team with two pizzas, it's too large.
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If you look at academic studies, you can see that stock prices are most closely correlated with cash flow. It's such a straightforward number. Cash flow is what will drive shareholder returns.
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You don't choose your passions your passions choose you.
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Word of mouth is very powerful.
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