{"id":14,"date":"2010-11-16T10:51:36","date_gmt":"2010-11-16T18:51:36","guid":{"rendered":"https:\/\/blogs.ubc.ca\/enzowoo\/?p=14"},"modified":"2010-12-03T01:19:35","modified_gmt":"2010-12-03T09:19:35","slug":"the-power-of-the-amazon","status":"publish","type":"post","link":"https:\/\/blogs.ubc.ca\/enzowoo\/2010\/11\/16\/the-power-of-the-amazon\/","title":{"rendered":"Power of the Amazon (Theme: entrepreneurship)"},"content":{"rendered":"

Amazon.<\/em> The Seattle-based sales site: www.amazon.com<\/a>, otherwise known as the second largest web-based entrepreneurship<\/a> in the world, is awe-inspiring. With a value estimated at $74.4 billion<\/a>, Amazon is an example of one man\u2019s incredible journey to take what was traditionally only offered in a brick-and-mortar store, and create an unprecedented flow of new and established products \u2013 without ever being tied down to a finite structure.<\/p>\n

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Limitless options: possible only in this box<\/figcaption><\/figure>\n

Amazon.com is by all accounts an entrepreneurial start-up, fulfilling all the possible criteria that we would establish for a small business.<\/p>\n

1) Wealth creation?\u00a0Plenty of it: Amazon has a value estimated at $74.4 billion<\/p>\n

2) Speed of wealth creation?\u00a0Definitely: Founded in 1994 by Jeff Bezos, within 3 years, Amazon.com generated $15.7 million in revenue, and by 1999, over $1 billion (!).<\/a><\/p>\n

3) Risk?\u00a0Enormous: For Amazon, survived largely by a $40 000 investment<\/a> by businessman Nick Hanauer, the potential for failure was limitless.<\/p>\n

4) Innovation?\u00a0Heck yes: Amazon fostered the idea that a customer can literally have just about anything s\/he wants without ever having to leave home.<\/p>\n

Amazon forever changed the way millions of people shop, prompting a bevy of new start-ups. It is truly an entrepreneurial start-up in every sense of the word.<\/p>\n

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Phew, a 'slow' day<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"

Amazon. The Seattle-based sales site: www.amazon.com, otherwise known as the second largest web-based entrepreneurship in the world, is awe-inspiring. With a value estimated at $74.4 billion, Amazon is an example of one man\u2019s incredible journey to take what was traditionally only offered in a brick-and-mortar store, and create an unprecedented flow of new and established […]<\/p>\n","protected":false},"author":2897,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-14","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blogs.ubc.ca\/enzowoo\/wp-json\/wp\/v2\/posts\/14","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.ubc.ca\/enzowoo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.ubc.ca\/enzowoo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.ubc.ca\/enzowoo\/wp-json\/wp\/v2\/users\/2897"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.ubc.ca\/enzowoo\/wp-json\/wp\/v2\/comments?post=14"}],"version-history":[{"count":7,"href":"https:\/\/blogs.ubc.ca\/enzowoo\/wp-json\/wp\/v2\/posts\/14\/revisions"}],"predecessor-version":[{"id":39,"href":"https:\/\/blogs.ubc.ca\/enzowoo\/wp-json\/wp\/v2\/posts\/14\/revisions\/39"}],"wp:attachment":[{"href":"https:\/\/blogs.ubc.ca\/enzowoo\/wp-json\/wp\/v2\/media?parent=14"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.ubc.ca\/enzowoo\/wp-json\/wp\/v2\/categories?post=14"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.ubc.ca\/enzowoo\/wp-json\/wp\/v2\/tags?post=14"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}