Jack Ma is Asia’s richest billionaire, co-founder and executive chairman of Alibaba Group. He is a business magnate, philanthropist and one of the wealthiest men on the planet. He was recently ranked the 21st most powerful person in the world by Forbes– owing to his instrumental contributions and relevance in the e-commerce sphere.
The life of Jack Ma depicts an individual who like most of us, have been confronted with challenges, struggles and numerous disappointment.
Jack Ma revealed in an interview that he applied for 30 different jobs and got rejected by all. He pointed that he applied for a job at KFC; out of 24 people who applied, 23 were chosen – he was the only one rejected. He also Applied for Harvard 10 different times but got rejected in all attempts. He failed at key examinations in basic, middle and high school and also had to wait 4 years before gaining entrance into college in China.
Jack Ma is currently worth over $40b. It goes to show that disappoints when tackled with perseverance and the sheer desire to succeed will often lead to growth and accomplishment.
10 inspiring lessons from Jack Ma.
1. Persevere; Never Give up
“Never give up. Today is hard, tomorrow will be worse, but the day after tomorrow will be sunshine.”
Life is full of challenges and struggles. To get on the side of victory and accomplishment, it is important that you continue to strive and fight for your dreams. There will be days when giving up would seem like the best option, when the will to push forward will be faint and the desire to carry-on would be arduous.
Just like Jack Ma who got rejected and turned down over 30 times, you shouldn’t take failure personally. Go back to the drawing board – take a break if you want to. But get back there. restrategize and pull forward. The universe has a way of opening doors of opportunities for people who refuse to break down and throw in the towel. Decide you won’t quit until you achieve what you want.
2. Take a shot: There’s no harm in trying
“If you don’t do it, nothing is possible. If you do it, at least, you have the hope that there’s a chance”
Many individuals linger on with ideas in their minds and never attempt to put it to work. Some are crippled by the fear of failure and the aftermath of rejection – caring what people might say or think. Apparently, people are always going to find stuff to fault you about- so you might as well do whatever you want (legally).
Jack Ma has been called “crazy” for his enigmatic ideas and it usually seems so when you’re just starting out. But taking a leap of faith is much better than doing nothing. At the end of your life, your only regrets would be thoughts of how different your life would have been if you had taken action.
3. Reinvent yourself
” I find that when a person makes a mistake or fails, if he or she always complain and blame others, that person will never come back from that failure. But if the person checks himself, this person has hope.
The world is filled with people who complain and blame others for their misfortune. This is self-pity and it usually does more harm than good. From an honest look, while relationships and society may play some role in the life of an individual, you’re the one in control of your life. You decide who/what controls you.
When you encounter a misfortune or things didn’t go the way you would have wanted, don’t mope or pass the blame on others. Look within and find what you could have done differently that might have initiated a more fortunate result.
Constantly learn and develop yourself. Improve your skill set, fight bad habits and adopt positive traits from admirable.
4. Problems often come with its underlying solutions
“Opportunity lies in the place where the complaints are”
The key to having a successful business is to solve a problem. This is what top companies in the world are committed to doing and they’re reaping billions in annual returns by doing so. Your income will grow in direct proportion to the value you offer.
In seeking to establish your business; do not look for a great idea, look for a good problem. More often than not these opportunities are wrapped within areas where people find difficulty in. Try to reach out and solve their problem, they’ll be happy to pay you for it.
5. Be original
“you should learn from your competitors, but never copy. Copy and you die.”
Jack Ma has emphasised the need for originality in business. But from a broader perspective, his advice can also be applied to various aspect of life. You should admire and learn from others, but trying to be exactly like them will set you at the losing end. You’ll be letting go of your uniqueness – which is what sets you apart from the other 7.5 billion humans out there.
Be it relationship, carrier or business, you should never try to be like someone else. Learn from others and apply such knowledge in becoming a better version of yourself.
6. You need people.
” you need the right people with you, not the best people”
Jack Ma clearly states the importance of having a good network of individuals in your life. No one can do it alone, you need the help and corporation of others.
While friends, associates and employees occupy a major role in your overall success, you should make a goal to associate with people who share your visions and are committed to helping you grow while you also do your part in helping them improve.
As Jack Ma pointed out, you necessarily don’t need the smartest individuals, people you should accommodate in your life are folks who are growth oriented and value your friendship.
7. Focus is a skill: develop it
“If there are nine rabbits on the ground, if you want to catch one, just focus on one.”
A lot of individuals are fond of chasing different things all at the same time. To maximize your productivity, you might want to slow things down and focus on one thing at a time. It might not necessarily give you the speed that you want, but it certainly will give you the clarity to think straight and make better decisions.
8. Develop your mind:
” when you are small, you have to be very focused and rely on your brain, not your strength”
The mind is a powerful tool and the best way to build it is to partake in constant learning. Read wide to gain perspective on different subjects. Commit time daily to studying and engage in activities that will put your thinking faculties to work. Elon Musk, Warren Buffett, Bill Gates and every other mega-successful personality ready daily- and you should too.
- Must Read: How To Improve Your Learning Capacity
9. There are no limitations.
“you never know how much you can do in your life”
As earlier pointed above; you’ll never know the possibility of an outcome unless you make a move. Quit setting up boundaries in your mind and break free from every fear that tries to inundate you. There is no limit to what you can achieve if you step out in faith.
10. Success doesn’t happen overnight: be patient.
” The very important thing you should have is patience.”
Patience is a cardinal venture. In a microwave generation like ours where people are quick to quit when they’re not seeing results at first instant, it is imperative to cultivate the habit of being patient.
Jack Ma disclosed that in the first 3 years of founding his company, they didn’t receive any profit. He was just barely getting by and was only motivated by the mails sent in by people who appreciated him for the value he was offering.
Success requires patience. Even while you’re doing your best and putting in an effort at your dreams, success won’t come overnight. You must be willing to wait the time.