Larhmacuz

A man left a good job to sell books online. His company’s stock fell from $116 to $6. He kept going anyway. That man was Jeff Bezos > In 1994, at 30 years old, he was working at a financial firm in New York. > One day, he learned that web usage was growing by 2,300% a year. He had never seen anything grow that fast. > He had an idea to build an online store selling millions of books. A store too big to fit on the shelves of any physical bookstore. > He told his boss he wanted to quit. His boss liked the idea but questioned why he would take such a risk when he already had a good job. > Bezos spent 48 hours thinking before making his decision. > He realized he would regret never trying more than trying and failing. > He quit his job. Amazon’s first workspace was a garage. > His parents invested a significant portion of their savings in the company. Bezos openly told them he thought there was a 70% chance they would lose their money. > They believed in their son anyway. > In July 1995, Amazon opened for business. By the end of its first month, it had shipped books to all 50 U.S. states and 45 countries. > At first, a system beeped every time an order came in. As orders became more frequent, they had to turn it off. > In 1997, Amazon went public. In his letter to shareholders, Bezos explained that he would focus on the long term. > Then the internet bubble burst. > According to the figures Bezos shared years later, Amazon’s stock fell from a peak of $116 to just $6. A drop of roughly 95%. > Some thought the company would go under. > Bezos and his team kept working. Amazon recorded its first profitable quarter at the end of 2001. A bookstore that started in a garage became a company that changed the way people shop. Now imagine if, at the end of those 48 hours, Bezos had said, “I already have a good job,” and walked away.