Lessons from Jack Ma, the unstoppable billionaire from China and Asia’s richest Billionaire.
Mr.Ma, the founder and executive chairman of Alibaba Group. He is a Philanthropist, business magnate, the most influential entrepreneur and inspiration to entrepreneurs across the globe. The wealthiest man in the world today. Had no idea about a computer at the age of 31, went on to build the giant empire of e-commerce in China.
Moreover, he is popularly known for his motivational speeches that enlighten the young minds in the business world. The successful entrepreneur always discloses his wisdom on how he’s achieved his success. He has shared his personal story and the failures he had to overcome to become the most successful person today.
The journey of Jack Ma signifies an individual like most us, confronted with hurdles, challenges, and disappointment with failures.
Here are the lists of his failures
- Applied for 30 different jobs and got rejected by all revealed in an interview
- Rejected by Havard for 10 times
- Applied for a job at KFC, among the 24 candidates, 23 got the job and he was only the one rejected.
- He failed in college entrance exam and had to wait for 4 years before his entrance to college in China.
Don’t be carried away with his failure, there was a boost in his optimism. Refused to be dissuaded rather developed a powerful mantra ‘persistence’ is the key. His current worth is the US $ 38.6 billion as of August 2018. His rag to riches is full of wisdom and counsel to learn.
His success proves that no failures should discourage us from chasing our dreams and goals. Truly Inspiration, Let’s learn the 10 lessons from him.
“Never give up. Today is hard, tomorrow will be worse but the day after tomorrow will be sunshine” A provoking line he has often said.
It is not easy to carry a successful tag and to accomplish your dreams. One has to sweat, fight back the endless hurdles and challenges. Giving up should not be an option, let failure be the option. The energy of consistency has to be in motion.
Here is the lesson on perseverance from Jack Ma. Rejection from colleges he applied, a job at KFC and his two successive failure in internet company he built. He didn’t take this failure to give up rather continued striving for his dreams. Toughest times and struggles have made him stronger with his principle not to give up, persistence is the key.
More Importantly, perseverance from Jack Ma reminds us not to quit until we achieve what we want to achieve.
2. Take Risk, No harm in Trying
This is with most of us, we have ideas but are afraid of taking a shot at it. Driven by the worrying factors of failures and rejection. It is obvious that your surrounding has a culture of blaming on the negative sides, the fault with whatever you do. While you’re afraid to be the victims and avoid to take it as a chance.
In relation to the above fact, let’s take away this lesson from Jack Ma. People call him by his nickname “Crazy Jack” when he started his giant e-commerce business. He had no ideas for a computer. He established a giant e-commerce without writing a single code and selling product directly. Certainly, his e-commerce has earned the biggest success story today.
3. Accept the Failure and embrace it
According to Ma, You have to accept the rejection and embrace it to be successful. There is always the next opportunity we learn will from failure. It does make you stronger and boost your energy from your failure if you don’t give up.
The lesson from Jack Ma, “The lessons I learned from the dark days at Alibaba are that you’ve to go to make your team have value, Innovation, and vision. Also, if you don’t give up, you still have a chance. And, when you are small. you have to be very focused and rely on your brain, not your strength”.
Jack Ma was rejected from KFC job, Havard and failure in school. Rejection and failure are very common to a hardworking person, that is the key to become the successful person.
Furthermore, Jack Ma said that “giving up is the greatest failure” One should not give up in life. It is a matter of accepting the failure and working for an alternative to compensate for the failure. The lessons everyone should remember, accepting the failure and learning from the mistake is the key to become successful.
4. Have Vision In Life
The individual should have a clear vision in life. One of the factors to become successful is having a clear vision of what you want to achieve. The important lesson from Jack Ma, having clear vision motivates you to work hard to achieve the common goal for your life or organization.
Lessons from Jack, he believes in creating something that has an impact on society. The relationship between his company and customers, the society is more important than wealth. He focused on consumers, as money should always be a by-product and never the end goal. Your team should have value, innovation and a vision to achieve.
“We got successful today not because we did a great job today—we had a dream 15 years ago,” said Ma
5. Mr. Jack’s lesson and Advice
- Your attitude determines your altitude
- Ensures that your employees come to work with a smile
- Your first priority should be your consumers, followed by your employees and then your shareholders.
- Act fast to change and adapt before any changes.
- The most unreliable thing in the world is human Relationships.
- The very important thing you should have is patience.
- You need the right people with you, not the best people.
- Hire people smarter than you
- To change the world Invest in you, Ma said. “Help young people. Help small guys. Because small guys will be big. Young people will have the seeds you bury in their minds and when they grow up they will change the world.”
These are the lessons I’ve compiled with an intent that it will help you. Let me know in the comment if it helps you.