Jack Ma is the founder of the Alibaba Group, the most successful company in Asia. He is the first Chinese businessman to appear on the cover of Forbes magazine.
This important businessman comes from a humble family and has exercised different professions, having his more and less, his successes and great failures. But he never gave up.
Today we bring you his best advice, not only for those who want to succeed in their professional careers but for life in general.
Amazing Tips from the World’s Richest Chinese Entrepreneur.
If 90% of those present at a board of directors vote in favor of one project or another, I directly discard it. The reason is very simple. If everyone has that idea in mind, then it is very likely that other companies are already working on it as well, and we cannot be the leaders of it.
In 2001 I made a big mistake. I told the employees with whom I founded my company, that the limit of his career would-be manager. I thought I needed to have professionals on my side. A year later, none of them continue to work in the company, while those of whom I doubted it turns out that they had the potential to go far, being now my vice-presidents and other great positions.
The worst qualities of an entrepreneur are:
being conceited, not being able to assess situations well, adopting a rhythm that is too high and not being able to endure it, and not having the ability to see what will happen in the future.
There is a principle that I always follow: your attitude at work and the decisions you make are more important all the skills you may have.
About the complaints:
Nothing happens if you occasionally allow yourself to cry or complain.
Falling into depression and constantly complaining about your life is no less destructive than something like alcoholism. It is the same dangerous situation. The more you do it, the worse it will become. Successful people do not have such problems.
Tips for young people:
What does authentic failure mean? It means to stop fighting for what you want.
What does flexibility mean? You will understand when you experience disappointments and difficult situations.
What are you obligated to do? You must work as hard as you can and be more ambitious than others.
Only fools use their mouths to speak. Smart people talk with their heads; Wise people, with the heart.
You have to live life fully:
Sooner or later, you’ll regret spending all your time at work.
I always remind myself that none of us were born to work, but to enjoy life. We are here to improve the lives of others, and not to spend all their time working.
On competition and adversaries:
The competition is like a chess game. If you lose once, you will always have another chance to win. No need to fight.
If your adversary is weaker than you, you should see him as an equal. The same happens in the opposite case if it is stronger than you, do not be afraid.
A true businessman has no enemies. When you understand it, nobody can stop you.
Tips for entrepreneurs:
Customers come first. The employees, the seconds. And then the shareholders go.
Instead of looking for quick solutions, focus on establishing stability and good long-term plans.
Today everything may be difficult, tomorrow maybe worse. But the next day will be excellent.
About creating a new business:
When you start your own business, it means that you give up a stable salary, as well as extra payments.
On the other hand, your income will not have limits, you will be the one who organizes your time more effectively, and you will not have to ask anyone’s permission to do anything.
When you are looking for a partner, it should be someone who contributes and complements your skills and knowledge. You will not need someone who has been successful in something in particular.
Always try your best to make sure your employees are happy to work.