6 Success Lessons From Chinese Billionaire Jack Ma
Jack Ma – founder of ‘Alibaba.com’ who came across a computer when he was 31, went on to build the biggest empire of e-commerce in China. He started his business with a $20,000 investment and is the first mainland Chinese to appear on the cover of Forbes. At present, he is the richest man of China with a approx net worth of $29.7 billion.
The life of Jack ma is true inspiration for all young entrepreneurs and here are some success lessons from Jack Ma
1) Have a vision:- Jack focused on imbibing trust in his consumers rather than trying to make the big revenue. In Jack’s opinion real successful people are those who have a vision to change the society, he believes that money should always be a by-product not the end goal.
2) Giving up is the greatest failure:- Rejections and failures have been synonymous with Jack since his early stage. He failed thrice in his college entrance exam, he applied for 30 jobs after graduation but got rejected always. He also applied to Harvard and got rejected ten times. According to Ma, “Giving up is the greatest failure.” If you go out, try your best and fail to achieve your goal but see it through to the end you are a success.
3) Don’t make enemies:- Jack believes in the idea of friendly competition. He doesn’t see his competitors as a enemy, rather he see them as a friend from whom he can learn a lot and can reach to his full potential.
4) Value attitude:- As Jack speaks of his mistakes, he say – when he founded Alibaba he told his team that the highest level they could achieve would be that of managers, and that executives should be hired from the outside. Since then he realized and started giving the importance of attitude and passion.
5) Hire people with superior skills:- Jack says, ” Your employee should have superior technical skills than you. If he doesn’t it means you’ve hired the wrong person.” Focusing on skills of an employee is an Important pillar of a great company.
6) See through customer’s eyes:- Jack attributes his success not being a tech guy, instead he views his products from a customer’s perspective that allows him to offer them intuitive products.