How could Chinese poor boy, Ma Yun become billionaire Jack Ma

Santosh Gaikwad
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Ma Yun who is well known as Jack Ma, is a Chinese businessman and the founder of Alibaba Group, which does Internet based businesses.

He is one of the top most richest person in Asia and the 14th richest in the world, with a net worth of US$41.8 billion, as of 2017.

He is one of the world’s most influential businessmen and a philanthropist, he is ranked 2nd in Fortunes 2017 list of Worlds 50 Greatest Leaders.

He was born in poor Chinese family, so what really made him so GREAT?

Following are few of his habits, thoughts and qualities made him successful as a person and as a businessman.

Helping others and Learning is more important than Earning.

This is one of the greatest qualities found in many successful people.

Many people find it extremely difficult to help others, even if they get to learn out of it, but Jack Ma was different, he had following philosophy right from his childhood.

“If you want to win, empower others, make sure other people are better than you. then you will be successful” – Jack Ma

He is often seen saying that he was not good at English, but from childhood he had a passion of learning English language.

For his passion of learning, he used to visit nearby international hotels in his hometown, to have a conversation with English speaking tourists.

He used to give free tours around the city to tourists, just to improve his language, and he did it for nine years.

He became friends with one of those foreigners, who nicknamed him “Jack” because he found it hard to pronounce his Chinese name, Ma Yun. That is how he got his name Jack Ma. After lot of struggle he graduated in 1988 with a B.A. in English and became a lecturer of English and International Trade.

“Life is for learning new things in the world and helping out other people. If only money is your goal, you have to change your goals.” – Jack Ma

Stand tall even after rejections.

He knew that only way to get rid of poverty was education, but he failed miserably right from primary school, middle school and colleges.

He applied for 30 different jobs and got rejected by all.

He went for a job with the police; he was told that “you’re no good”.

He went to KFC for a job when it came to his city,  twenty-four people went for the job, twenty-three were accepted, he was the only guy who got rejected.

He applied 10 times for Harvard and got rejected all the times.

but even after so many rejections and failures, he did not lose the hope and battle with life.

We have to get used to rejections, we are not always that good, and all these rejections only make you stronger, day by day.

One important lesson to learn here from him is that he kept on trying and trying without giving up, most people fail in life because they give up even without giving enough attempts.

He failed so many times, does it mean he was good for nothing?

He failed so many times because he was trying, preparing for super success in his life.  you wont fail if you don’t try.

He was certainly best, but was judged for different expertise. Albert Einstein once said: “Everybody is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid.”

Innovators and crazy thinkers are generally unfit for most of the companies, as their thought process at times can not be understood by recruiters, also most of the companies need people who would just follow the process and do the work.

He says, “Investors of my company trust me and invest, but they do not necessarily understand what I am doing.”

Have a Patience, Passion and Perseverance

He applied 10 times for Harvard and got rejected all the times, that time he decided that “Someday I would go and Teach at Harvard”, and later in life he really went to Harvard to deliver a speech.

In early 1995 during internet boom, he went to the US with his friend and got introduced to the Internet.

When his friends told him about internet and how internet could help to search anything, he searched the word beer; he found information from many countries but no result from China. That struck his mind and he came up with an idea of online market place in china.

In 1999 he quit his job at a department of the Ministry of Foreign Trade and Economic Cooperation and, came back to his hometown and founded a company called Alibaba, a B2B site, in his apartment with a group of 18 friends.

He decided to quit his job for his passion at the age of 35, so message is very clear, it’s never too late to start anything.

Change yourself with Time

You can never succeed in life if you always complain about external factors without introspecting yourself.

“Change yourself, rather than expecting change in others.”

Rather than saying something wrong with others, learn to say something wrong with me here and I need to change, and that would lead you to success.

We should grow our mind, grow our values, and grow our wisdom with time

Give permission to fail yourself and attempt to change and be with time, it would bring something good for you.

He is also one of the best motivational speakers in the world, by sharing his knowledge and experiences.

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