It’s no
secret that Amazon is a giant success… But how did Jeff Bezos manage to grow
the company to where it is today? As the world’s richest person and CEO of
Amazon, he has had his share of success. Bezos gave some insight into his business
tactics recently when he disclosed
his three key productivity tips. While we may not all reach Bezos’ level of
success, we can all apply these tips to further advancement in our own careers.
1. He gets
plenty of sleep. Studies have shown
for years that good sleep "helps us to think clearly, remember
information, and make decisions," according to The
National Sleep Foundation. "When we don't get enough quality
sleep, it impairs our 'executive function'--a set of abilities we need to do
well in school, at work, and in all realms of daily life."
Bezos is a believer. He goes to bed early and makes sure he gets
eight hours of sleep. "I think better, I have more energy, my mood's
better," he said.
2. He doesn't schedule meetings before 10 a.m. Unlike high-powered
executives who start at dawn, Bezos says he likes to "putter" in the
morning--reading the newspaper, drinking a cup of coffee and eating breakfast
with his children.
That may seem like wasting time, but Bezos is actually gearing
up for the day. As Laura Vanderkam writes in Fast
Company, too many morning meetings can be viewed as an opportunity cost--yes,
you've checked that meeting off your list, but you could be using your time for
more productive work. "Researchers with Johnson & Johnson that
measured people's energy levels throughout the day found we hit our peak right
at 8 a.m.," explains Vanderkam. "That is game time. We are ready to
execute. But an 8 a.m. meeting supplants a time you would have been motivated
to start something big."
For Bezos, the strategy is to schedule "high IQ"
meetings starting at 10 a.m. and ending at lunch.
3. He makes just a few decisions a day. As a senior executive,
Bezos says that his primary job is to make a small number of high-quality
decisions. "If I have three good decisions a day, that's enough," he
said. "They should just be as high quality as I can make them."
That doesn't mean that Bezos makes decisions slowly. In fact, as
he wrote in his 2017 letter to
shareholders, Bezos believes that for a company to maintain the
energy and dynamism of a start-up, "you have to somehow make high-quality, high-velocity decisions.
Easy for start-ups and very challenging for large organizations. The senior
team at Amazon is determined to keep our decision-making velocity high. Speed
matters in business--plus a high-velocity decision making environment is more
fun, too."
So Bezos works to make a few crucial decisions that will keep
Amazon--and his other ventures--moving ahead. "Even though Amazon
is a large company, I want it to have the heart and spirit of a small one,"
he said.