Bezos Family Foundation: Mike Bezos

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Bezos Family Foundation: Mike Bezos
Briefly describe your business, your current position, and your responsibilities: Bezo’s Family Foundation is a privately ownedas well as an independent foundation created by Mike Bezos and Jackie. The two founders together with their spouses and children serve as directors. Mike Bezo is therefore, a director in the company. The company supports learning environments for young individual engage in education via action. The foundation has the mandate of elevating the education field and improving the life outcomes of the children. Mike Bezo’s focus is strengthening the public education system of K-12 as well as offering support for young individual.
Who are your major competitors?Since its inception, Bezo’s Family Foundation has not faced any major competition completion in its field of operation. It still holds it share market because there has not been new entry in the industry.
How much money did it take to start the business? What was the source of your capital? Bezos Family foundation is a business foundation. Therefore, the money used to start the foundation was a family saving of $ 170- $190. Mike Bezos contributed 70% of the money while Jackie contributed the other amount. They also obtained about $150 from trusted friends. Bezo admonished that; one should always avoid taking loans as much as possible. According to Bezo, it is always good to start small and build effort as the company grows.
What are the most effective techniques used to advertise or promote the busine...