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Make Long-Term Decisions—Not Short-Term Ones The first three tips on this list come from Amazon founder Jeff Bezo...
The first three tips on this list come from Amazon founder Jeff Bezos. Bezos founded Amazon with sound business principles, and one of those was the decision to make long-term decisions instead of short-term ones. While a venture with potential might take losses in the short term, in the long term it could be something of value for the company.
Bezos also suggests that the size of meetings remains small so that businesses can remain efficient. Large meetings can get long and garbled. So, Bezos created a rule that there will never be a meeting at Amazon with more people than can be comfortably fed by two pizzas.
Even though this sounds simple, it can often be one of the toughest tips to follow. Learning not to second-guess yourself can be hard, especially when employees look to you for guidance—not to mention the difficult business decisions that need to be made. But if you trust your judgment, you’ll learn more from your mistakes and your co-workers will respect you.
The next few tips come form Go Daddy founder Bob Parsons. Parsons says that you should start small: It’s difficult to jump right into heading the ship of a company that has hundreds of thousands of dollars invested in it early on. Instead, when you start small you can learn from your mistakes without big pressure.
Having a strong web presence is key to reaching your customers. Having a top-flight website and engaging social media is what you’ll need to be successful in today’s business climate.