surf wave

At any given time, there is always something that captures people’s attention and nurtures their entrepreneurial spirit. A business trend, a new financial product, an emerging way of doing things.

Certainly, people in business should always keep up with the latest developments, but that does not mean they should blindly follow what others are doing.

Chasing the wave, to use a surfing term, usually ends up in failure and disappointment, whereas staking out a good position to let the wave catch you as it grows makes for a far better experience.

That is how Amazon founder Jeff Bezos explained his philosophy.

“You want to pick something you’re passionate about,” he said. “That’s the number one piece of advice I give to somebody who wants to start a company or start a new endeavour inside of a bigger company.”

He continued: “Make sure it’s something that you’re interested in, something that you’re passionate about. Missionaries build better products and services.”

Last year, Mr Bezos shared a Barron’s article from May 1999, titled ‘Amazon.Bomb’, describing his new idea as “silly”.

“Listen and be open, but don’t let anybody tell you who you are,” he tweeted. “This was just one of the many stories telling us all the ways we were going to fail.

Today, Amazon is one of the world’s most successful companies and has revolutionised two entirely different industries.”

Over 500 UK businesses fail to pay close to £16 million in minimum wages to thousands of employees

February 20, 2024
by Fabrizio Tabone

Companies had to pay their debts to staff, together with hefty financial penalties

Approvals for new dwellings in final months of 2023 sinks by 37%

February 20, 2024
by Fabrizio Tabone

San Ġwann, Saint Paul's Bay and Ħamrun registered the highest number of approved new dwellings during the period

Road accidents in 2023 amounted to €64.8 million in insurance claims

February 20, 2024
by Anthea Cachia

Despite the increase in road traffic accidents, insurance claims decreased when compared to 2022