Entrepreneurship, Lists, Motivation

8 Lessons Entrepreneurs can learn from Billionaire Jack Ma in 2018

The world does not provide much of the inspiring personalities these days but whenever it does, these people are worth looking up to. Out of some rare personalities that motivate the world, Jack ma is quite a prominent one. He is that one person that forced people living in China and other companies to enhance their usage of phone and internet that not only helped him in business but also provided economic benefits to the country. The founder of Alibaba group is someone who is the main reason behind the setting of a record of the great stocks brokerage. He founded the Alibaba company and grew it as one of the biggest economic as well as technological companies in the world. People from all over the world and belonging to different sectors inspire from him.

Starting a business especially when you have never done it before in your entire life is a difficult thing indeed. It is not only difficult but also requires quite a lot of guts to get your hands on something that is entirely new to you. The ratio of success also varies in this situation. There are times when people get bored to it when they do not see any potential benefit or profit flowing into their account. However, those who do not lose hope and stay on the right path till the success meets them are those who earn millions of bucks later in their lives. If you are a new entrepreneur and have doubts about your success, you need to get some inspiration from Jack Ma who is the owner of one of the biggest online companies in the world, Alibaba. He started his company himself and now has reached to a level where the rest of the world looks up to him for appropriate business tips and tricks. Some amazing things you need to inculcate in your professional life by getting inspired by Jack Ma are:

1) Passion is what it takes to move ahead:

According to Jack Ma, one needs to ensure that the people working with him are always in the highest spirits. He says that he learnt this lesson the hard way when he told all his employees to work hard and move towards the managerial positions. However, he told them that the executives would always be hired externally. He regrets saying that and ensures that everyone should give a high prestige to the employees.

2) Have an aligned goal:

The worst thing that can happen in any business is the confusion arising on what should be done. Whenever there is a confusion related to the question as of what needs to be achieved, it leads to a great level of wastage of not only the time but also the resource. In order to ensure that both these things are not wasted, you need to keep all the people well aligned when it comes to talking about the main goal to be achieved.

3) See the future:

The technology is changing rapidly and we all know that if we do not change our ways of doing the business, we will surely have to deal with a lot of destruction in the future. In order to have a good business future, have an amazing business foresight just as Jack Ma does.

4) Skills matter:

When you decide to add people up in your business, the one thing that you need to give the utmost amount of importance is the skill of the selected people. The more skill that they will have, the better will be their participation in the profit maximization.

5) Failure is something that takes you up:

When you start your business for the first time, you will obviously get disappointed if you do not make enough money in a small period of time. However, if you keep the inspirational quotes of Jack Ma in your mind, you will be reminded that when you face failure, you move a step ahead towards the success as the failure tells you what not to do the next time.

6) Don’t take rejection to your heart:

If you observe carefully, you would get to know that most of the successful entrepreneurs all over the world were college dropout once. Jack Ma also had to deal with college rejections and the rejections followed him until his professional life. The main thing is not get disappointed by the rejection or it might end up harming you bad.

7) Never give up:

According to Jack Ma, a person never fails till he actually gives up on the goal that he wanted to achieve. According to him, not being able to make enough money out of the business or facing rejections is not considered to be failure. However, if you get effected by them and decide to quit, only then you are considered to be a failure.

8) Do not over stress:

Many people get so absorbed into what they want to achieve in their life that they stop thinking about other things and ultimately, get over stressed. Jack Ma does the opposite! He never over stresses himself with any thought and instead, comes up with a fresh through every moment that helps him living his life in the best possible manner.