Jeff Bezos, the world’s richest man, believes that if you want to do business, do not be afraid to think of failure.
Amazon founder and world’s richest man Jeff Bezos believes that if doing business, do not be afraid to think of failure in it. If you fail once in business, then it becomes a reason for big success. Jeff Bezos, during a visit to India, interacted with small and medium entrepreneurs about taking risks in business. During this, he gave these tips related to business. He also discussed his venture plan in the space sector.
Failure gives birth to many things
Bezos, who is on a visit to India, said in the ‘Amazon Sambhav’ program in Delhi that failure in business usage sometimes gives rise to new things. But he also said that operational work should be excellent and failure should be avoided. He said that no one likes failure. People do not want to fail even when they know that it is necessary and good to fail because it causes embarrassment. Bezos said that many times we feel that our idea is good but no one is attracted to it.
One success makes everyone forget
The Amazon chief said that one success, one winner compensates for dozens of failures. He also told the entrepreneurs how he used to spend summers in his grandfather’s animal farm during his childhood from 4 to 16 years of age. He said that I learned a lot from my grandfather and I think many people in rural areas are like this. They are resource-rich and self-sufficient. Dada has had a big impact on my mind.
85% of business in unorganized sector
On this first day organized by Amazon, celebrities like Infosys co-founder Narayana Murthy and Future Group head Kishore Biyani also participated on the first day. Narayana Murthy praised Bezos’ statement that the 21st century would be of India. It also said that it is the responsibility of the people of India to prove this fact to be true. Murthy said that 85 percent of the business in India is in the unorganized sector. SMB (Small and Medium Enterprises) and five per cent of large companies contribute 10 per cent of the remaining 15 per cent.