When the world’s richest person gives you advice on how to improve your productivity, you would be a fool not to listen to him. All the more, when it’s coming from a person who is currently worth $130.5 billion according to Forbes! We’re talking about Amazon founder and CEO Jeff Bezos who famously left a Wall Street investment banking lucrative career to start selling books online in what started as Amazon.
When he speaks, the whole world listens. With an unimaginable bank balance, you would assume he would be pretty snobbish, right? But this rich man remains humble to the cores and gives all his success credit to this parents. Check out his sweet Twitter post:
I won the lottery with my mom. Thanks for literally everything, Mom. pic.twitter.com/gEuVgxotdw
— Jeff Bezos (@JeffBezos) May 14, 2017
His company Amazon has undeniably made a lot of money and therefore, it stands to reason that Jeff Bezos has also benefited from it. But the rich American worth billions of dollars, also likes to share the secret behind his almost unfathomable success. Here’s a glance into his vast investments:
His vast fortune doesn’t come without certain tricks and tested methods. He’s known to share his trade secrets with his colleagues and office heads to give them the best tips on productivity. He did that yet again, when he gave some vital pointers in his 2018 annual letter to employees and shareholders at Amazon.
In his annual letter, the CEO and founder explained and repeated why he decided to ban PowerPoint at all company meetings. What Bezos replaces it with is an invaluable vital insight for other enterprising entrepreneurs and leaders to run their own business.
In his letter, Bezos revealed another brilliant idea that has worked much better than the use of Power Point. And that is called “narrative structure“. According to the 54-year-old entrepreneur, new executives have to attend Amazon meetings without Power Point slides!
Jeff stressed that people have to start the meetings by spending the first 30 minutes reading ‘text-only memos’ before any discussions start. These memos are ‘narrative structured’ with real sentences, topic sentences, verbs and nouns. Instead, they have to get used to having no bullet points laid out for them.
“We don’t do PowerPoint (or any other slide-oriented) presentations at Amazon,” Jeff Bezos was quoted as saying. Instead, after everyone reads these six-page memos, they begin to discuss the topics.
As a student of narrative storytelling and being in the top business since past 20 years, his idea is definitely worth it. According to him, “Narrative storytelling might not have been as critical for our survival as a species as food, but it comes close.
By narrative structuring, the bullet points get replaced by general text memos which make more sense and are interactive. With well-explained paragraphs, this new constructive approach has several advantages over conventional PowerPoint-driven meetings.
Bezos clearly believes that logic accompanied with narrative is the key to be success. In other words, if you want your ideas to spread more effectively, you can do it best through story telling and reach a greater audience.
Well, Jeff just gave us the best tool – story is the single best vehicle to transfer great ideas. People’s brains don’t absorb much information from bullet points as it does from reading stories. Other successful entrepreneurs like Sundar Pichai and Elon Musk detest using PowerPoint as well.
Lastly, people recall information more effectively if it’s firstly presented in a more ‘consumable format’. Here’s a special interview of Jeff with his brother Mark and their success journey of Amazon and life:
So, get ready to chuck away that Powerpoint tool and use his method instead.