Chinese billionaire and business mogul Jack Ma is Asia’s richest man. Founder of e-commerce giant Alibaba, Jack Ma’s early career did not go smoothly. Once an English teacher, he got rejected several times by various companies. Nevertheless, Jack found his way to become one of the world’s most renowned businessmen.
Jack Ma understands how hard it is to assemble a successful business. Therefore, he generously shares pieces of advice to aspiring entrepreneurs.
1. Learn from other people’s failures.
You take inspirations from other people’s success. But looking at others’ failures also allows you to learn how they deal with problems, and to avoid the mistakes they did. That helps you to grow and to strive to be better.
2. Work with smarter people
Even though you are the boss of your company, do not close your doors to learn from smarter people. Your goal is to carry out your company’s vision and mission at present and in the future, so you need the best people to do it.
3. Have Foresight
Jack Ma’s foresight helped Alibaba to become an e-commerce giant. He believes that if there’s a change coming, it’s best to prepare early. As an entrepreneur, you need to try hard to stay one step ahead of the competition. Additionally, to be a good business leader, you need to take your time to develop creative thinking skills and following informed intuition.
4. He Loves Life
“I always tell myself that we are born here not to work, but to enjoy life. We are here to make things better for one another, and not to work. If you are spending your whole life working, you will certainly regret it.” This philosophy is at the heart of Jack Ma’s lifestyle. Life is for experiencing the world and helping out other people.
5. He doesn’t make enemies
Jack Ma doesn’t make enemies, instead, he believes in forming a friendly competition. Jack sees other successful entrepreneurs as his friends whom he can learn from and who challenge him to achieve his full potential.
