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There are two ways to extend a business. Take inventory of what you're good at and extend out from your skills. Or determine what your customers need and work backward, even if it requires learning new skills. Kindle is an example of working backward.
Jeff Bezos
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Interpretation

What this quote means

A successful business can grow by either leveraging existing skills or adapting to customer needs.

In his quote, Jeff Bezos highlights two fundamental strategies for business growth: building on one's own strengths and skills or pivoting to meet the evolving demands of customers. He emphasizes the importance of understanding what customers truly need and being willing to learn and adapt in order to provide those solutions, exemplified by the Kindle's development based on customer feedback.

Themes

BusinessGrowthSkillsCustomersInnovation

In practice

Example use cases

In a business seminar discussing strategies for growth.

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When you are eighty years old, and in a quiet moment of reflection narrating for only yourself the most personal version of your life story, the telling that will be most compact and meaningful will be the series of choices you have made. In the end, we are our choices.
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