Jack Ma, the Executive Director, Alibaba Group was in my Alma mater, the University of Nairobi on July, 20, 2017 and shared some tips on success. I couldn’t miss the opportunity to write down the lessons from the man whose net-worth is well over $ 30 Billion dollars according to Forbes Magazine.
Learn from Failure:
Learning from stories of those who have failed apparently seems to inspire Jack Ma, not stories of those who have succeeded. When he was beginning his internet business in the year 1999, he was given a book, the story of eBay so that he could learn from the internet giant at the time. Surprise, Jack decided to throw the book into the dustbin. He was not interested in the success story of eBay.
Unlike many of us who will try once, twice and then give up, Jack is not so. He is the kind who will never give up. He will try again and again, ten times. He applied to join Harvard University 10 times and 10 times he was rejected. Of the things that gets him going is the desire to prove his naysayers wrong. Coming from a poor background, where his parents total earning was $6, Jack Ma rose from that humble background to be among China’s richest and worlds’ richest men. He says that he doesn’t have success or a wealth DNA in his blood nor was he born with a silver spoon in his mouth. His success is a result of sheer hard-work and persistence.
Hire the best and sharpest staff
Before becoming a business mogul, Jack was a secondary school teacher, teaching English in China. As a teacher, Jack has always wanted his students to be better than him, to do great exploits. He endeavored to produce the best out of them. Later on as an employer, Jack is now more concerned about his employees, he wants those who are better than him and he wants the best from them. The staff who are better than him are well able to help Alibaba group rise to be a giant and sit among giants like Apple, Microsoft, Google, Facebook among others.
Prioritize your clients, not shareholders.
As an Investor in the Nairobi Stock Exchange, NSE, I can tell you this for FREE. Once you invest in companies like Nation Media Group, Equity Bank, KCB Group, Barclays, EABL, among others, you will be assured of yearly dividends. Shareholders get paid handsomely. Investors in those companies are a happy lot. They get free money while asleep and the money comes every year without FAIL. The CEOs toil to make the shareholders happy.
Well, Jack has a different theory, according to him, don’t toil for the shareholders, toil for the clients and the employees. Once the clients and employees are happy, the shareholders will be happy automatically.
Unlike many of us who will complain year in, year out about a plethora of things that are not working at the workplace, with our families, with our government and complaints for eons, Jack never complains. He takes advantage of the problems at hand, he sees the problems as opportunities to make money and benefits from them greatly. He says thus, “When people complain, offer a solution. Make them happy. Make as many people as possible happy and your will be rich. Make 1 million people happy, and you will be a billionaire.” Offering a solution to billions of people around the world seems to be the magic formula behind the success of Mark Zuckerberg, Larry Page, Sergey Brin, Bill Gates, Steve Jobs ( RIP), Warren Buffet, Jeff Bezos among others.
Peter Oluoch is a Web Admin Officer, at the University of Nairobi and a Creative Web Graphics Designer with passion in Wedding Video and Photography. Do you have a friend who is wedding in 2017? – Call 0720 969 361 or email firstname.lastname@example.org for a quotation.