5 Takeaways From Amazon CEO Jeff Bezos' Talk At Smbhav

Bezos talked about various things such as his entrepreneurial journey, climate change and others at the event in India

Opinions expressed by Entrepreneur contributors are their own.
You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

In a fireside chat with Amazon India country head Amit Agarwal, founder and CEO of the world's largest online retail company, Jeff Bezos, spoke about various issues at Smbhav, a two-day event organized by Amazon India for small and medium businesses.

The billionaire also made the announcement that Amazon will invest $1 billion on small, medium businesses in India and will be exporting $10 billion worth of "Make in India' goods by 2025.

Here are the five most interesting aspects Bezos talked about.

1. 21st century will belong to India

Bezos claimed the 21st century is going to be the "Indian century" and that the most important alliance of the 21st century is going to be between the US and India. "It is going to be an alliance between the world's largest democracy (India) and the world's oldest democracy (India)," said Bezos.

2. Today's SMBs can be tomorrow's Amazon

Bezos claimed that when he started 25 years ago, he never thought that Amazon would become as huge as it is today. He further added that he gave up his lucrative job just to pursue an idea without knowing where it will take him. Bezos said he asked himself the question that when he turns 80 and looks back "will I regret not trying" and took the plunge.

Bezos also said that Amazon is focusing on SMBs as they are working and "you should double down on things that are working".

3. Amazon is the best place in the world to fail

Bezos said, "One success and one winner can pay for dozens and dozens of failure. And that's why you should fail." He stated that Amazon has a culture that "supports failure".

Bezos also categorized failure into two types—one, experimentation failure and two, operational and excellence failure. He called failing while experimenting as "glorious" as it allows for innovation and invention. In this failure, a person tries working on new things and should be celebrated.

While an operational or excellence failure should always be avoided and cannot be celebrated. He said at Amazon in the past, he has experienced failure in both the departments but has always learnt his lessons.

4. Climate change is real

Bezos said, "Anybody today who is not acknowledging that climate change is real and that we humans are affecting this planet in a very significant and dangerous way, those people are not being reasonable."

He said fighting climate change would require a collective effort from industrialists, small businesses, governments of various nation states and individuals. He talked about Amazon's Climate Pledge, which aims to reach the goals of the Paris Accord 10 years earlier.

5. Entrepreneurial systems in the space are the future

Talking about Blue Origin, his aerospace company, Bezos said Dynamic Entrepreneurial Systems in the Space is the future. He said, "Earth is finite and we as a civilization have to make a choice."

"All polluting industries will be off the Earth to different planets," Bezos predicted for the future.


The Fashion Maven

According to CEO Adwaita Nayar, the Nykaa Fashion thesis is that the Indian woman is fashion-led, style-led, and trend-led

Do You Have Toxic Office PTSD?

A dark cloud of doom seems to have followed you all the way from that cruddy job to your new desk.

The Coffee Bean & Tea Leaf CEO Sanjiv Razdan on Mentoring New Business Leaders

Interview with Sanjiv Razdan about making the most of nontraditional opportunities, brewing customer curiosity, capitalizing on user-generated content, and inspiring industry leaders with the nonprofit GLEAM Network.

Is Staying Remote the Best Thing for Your Business?

Here's how to unlock the unbeatable benefits of a remote setup.

3 New Ways to Develop Laser-Like Focus

To boost focus in the face of distractions, you need a new approach to success.

Watch the Pitch That Results in Life-Changing Investment and a Lot of Tears

Emotions and investment dollars run hot on the new episode of 'Elevator Pitch.'

10 Years Later: The Skimm Co-Founders are Transforming the Way Millennial Women are Taking Charge of their Futures

Carly Zakin and Danielle Weisberg of theSkimm sit down with Jessica Abo to look back at the past decade and talk about the future.

How to Prepare for a Performance Review (And Not Lose Your Mind)

Annual performance reviews are a time to shine — and a time to freak out.

Knead Hospitality + Design Co-Founder Jason Berry on Innovative Leadership and Employee Retention

Interview with the cofounder of Knead Hospitality + Design about loving what you do, a revamped restaurant work week, and leading by committee.

These 30 Questions Will Help Determine Your Success

In this video, Ben Angel breaks down why 70,000 entrepreneurs have answered the questions that predict their chances of succeeding or failing.

Are You Burnt Out or at Capacity?

The founder and CEO of Luminary shares how her global professional education and networking platform is helping women address the systemic challenges impacting women across all industries and sectors.

Partner Spotlight

How Lessons Learned in the Military Helped Bring This Veteran's Dream Business to Life

Former Marine Jonathan Cruz explains how teamwork and partnerships allow his restaurants to thrive.

This Web3 Infrastructure Platform Serves More Than 2 Trillion Transactions a Year

The co-founder of Ankr shares his insights on Web3 development and his crypto predictions for 2023.

Discover Entrepreneur Series

Whether you need advice on how to get your business off the ground or you’re just looking for inspiration, our video series have something for everyone. Browse our library below to find a series that speaks to you and your interests.