Jack Ma, the founder of Alibaba Group is the richest person in China. The company was founded in 1999 by Jack Ma, a Chinese English teacher and a few friends with the ideology to provide a place allowing small businesses to trade fairly over the internet. For easy recognition, Jack thought to name the company from the fairy-tale ‘Alibaba and the 40 Thieves’
Life Lessons from Jack Ma– Alibaba’s founder
Here are the top 19 life lessons from the Chinese billionaire Jack Ma:
Encourage progress not perfection
Jack Ma is globally renowned as a successful entrepreneur. He does not teach the lesson of perfection, rather he encourages progress by ways of discovering “how to get everything you want just by asking for it”. Life was not at all perfect for Jack when he started his journey as an ordinary guy without the support of rich parents, relatives or neighbors.
Transform yourself for success
Another great life lesson from Jack Ma is to prepare yourself for success. If you do not feel confident and motivated in whatever you are doing, it will become difficult for you to achieve your dreams. According to Jack’s wife, he only belongs to Alibaba. This is because almost every moment, Jack keeps on putting hard efforts to grow Alibaba. Life lessons from Jack Ma are worth learning.
Channel your ambition
Jack advises everyone to recognize their dreams and take the opportunity to really focus on what they want to achieve. Jack said, just by being deliberate in your actions and focused on the destination, you can become a successful person.
Be a quiet leader
Besides being a remarkable entrepreneur and visionary, Jack Ma is a humble leader and is known to have the loyalty of his workers and also for those who have worked with him in the past. He credits the movie “Forrest Gump” for giving him the inspiration to keep going in life. In situations, Jack doubted his talents or stuck in any frustrating challenge, he prefers watching this movie.
Embrace rejection and succeed
Jack Ma takes rejection as a fact of life. It is a temporary setback that exists only in our minds. Jack Ma when applied for a job in KFC(Kentucky Fried Chicken), he was the only one who got rejected out of the 24 applicants. Besides, he was rejected by Harvard University ten times. Such incidents prepared his mind to handle rejection. Despite being rejected several times, Jack Ma did not give up on his dreams and continued doing hard work to achieve his life –goals.
The past is not your future
Another piece of advice that you can get from Jack Ma is to let go of your past. The common belief is that we all are the product of our past experiences, however, to move forward in our life, we need to let go of the excess baggage.
Learn from your failure
Don’t fear failure, instead face it courageously when it comes. This is what Jack Ma has learned from his life’s failures. Failure is a blessing that teaches the best life lessons to us. In your journey to achieving the success you want, you will face a lot of failures and you must learn how to handle them. The best way is to stop analyzing failure and should focus on fetching the lessons hidden in it. Remember, you will keep on failing until you learn the lesson needed to take you to the next step of your life. Make your failure a step forward not a roadblock to success.
Build a culture
Jack Ma says that one of Alibaba’s successful tools is work culture and not technology. Because of the work culture provided at the Alibaba group, we have thousands of employees. In addition to technological aspects and the internet, culture is highly important to his success.
Remember your passion
To be a successful entrepreneur like Jack Ma is never easy. Irrespective of your life situations, you will have to find a way to keep the passion for your work alive. Jack is so passionate about his work and this is the reason behind his success. He advises everyone who wants to be a successful businessman must always follow their passion. When losing hope, reconnect with why you started your business in the first place. Keep those triggering thoughts close to your heart and go ahead with working hard to build success for your business.
Know your goals
If you follow the success principles by Jack Ma, you will come to know why some businessmen become fantastically successful, while others just never seem to make any progress at all. As Jack points out, your own personal mindset plays a vital role in deciding your success. a lot depends on how you see others and how you view the business world.
The most important thing for you to remember is that you alone have the power to decide whether you become successful or not. There is no middle ground here.
Take action constantly
Unlike unsuccessful business owners, successful people like Jack Ma keep on going in their life no matter what happens. Every step Jack took was a step closer to achieving his goals and eventually, he experienced success. He believes in keep on working to improve your business and overcome failure by controlling your actions and activities.
Be passionate about your work
Another Jack Ma’s Life Lesson is to be passionate and feel the excitement in your life. you must do what you love in order to tap into your full potential.
Be a constant learner
Another principle is to adopt the habit of constant learning. Jack believes the ultimate key to greatness is consistency in learning. The more you learn the more you will grow and improve your life.
Don’t just watch
Someone asked Jack Ma to reveal his secret to success? He replied with a simple answer, do it, implement it! Do not waste your time watching successful people get more success, rather work hard to achieve your own success.
Take risks in your youth
If unfortunately, you are not rich till 35, says Jack, then you might have wasted the big opportunities of youth. Be clear about your goals in your young years, and turn your efforts into success at the right time.
Build your success team
Ma believes in spending time around people who share your value and are likewise driven to succeed. Even if you feel anti-social, find time to develop leadership and communication skills.
Create successful relationships
Top producing entrepreneurs like Jack Ma know the importance of creating successful relationships. This means having the proper moral purpose towards people. This also means listening actively to others and remaining honest and direct as often as you possibly can.
Cultivating new skill sets
According to Jack Ma, focusing on successful business practices and the consequences of planning is vital for any growing business. Thus, he stresses developing new skills that further can help to discover a diverse use for basics and fundamental knowledge that will prove advantageous in the long run.
Adapt the change
Jack Ma once said, “ the world is changing every day and no one is going to wait for you in the past”. You simply cannot blame, “who took over whose business”. Such things are happening because people are more adjustable and adaptable to new ideas and changes in the business world.
Being dedicated to success, The Chinese billionaire has transformed his journey into a wealthy business owner. If you also want to be a successful entrepreneur like him, do follow these Life and Business Lessons from Alibaba’s Jack Ma. And for more posts, stay tuned!
