Hello dear readers! Surely almost all of us believe that having knowledge of technology or management is the key to a successful business. But Jack Ma did not have it when he started establishing his company, Alibaba, in 1995. But of course, with the achievements that Jack Ma has, we certainly can get important lessons from Jack Ma.
According to Jack Ma, his experience as a teacher made him a famous businessman in the world now. “One thing that makes me a successful businessman is that the background teaches me,” Ma said at the World Economic Forum in Tianjin, China.
Before starting Alibaba, Ma felt a rejection of the 30 jobs he was applying for. That’s where he just started thinking about setting up a company that moves on the Internet. At the Forum event, Ma said that he did not know about technology and did not even have an idea of how a business could work. But he was confident of his expertise as an English teacher so he could identify and develop talents.
Now, Jack Ma is one of the richest people in the world with total assets reaching US$ 37 billion, according to Forbes.
Now on this occasion, FILE will discuss 3 important lessons that we can learn from Jack Ma’s business in developing his business.
“I don’t want to die in the office”
At the World Economic Forum in China, Ma was touched on by his decision to retire early. He immediately replied, “I don’t want to die in the office. I could die on the coast, of course, I would be happier. I’d rather just die on the beach.”
Speaking of the background as an English teacher, he added, “I used to be a teacher. But this is not a trend in entrepreneurship. But with time, I can get a competent team, but luck is not always there. We need to extend luck if you want it; you need to provide opportunities for others, which means you also give yourself more opportunities.”
In addition, Ma also questioned the logic of working until the age of 80-90 years. “I don’t think we need to work until 80 or 90 years old. Look in other countries where entrepreneurs and business owners have white hair, but just you know it’s like a step back for the present time. (Now) I have a lot of time to focus on a certain area, “Ma said.
“I want to show this to businesses in China and Asia. Never give up and continue working until the age of 90 or even more,” he added.
Why do you need to spend money on people?
One important lesson from Jack Ma is investing. Investment in human resources (HR) is a sign of the success of billionaires, claims Jack Ma. At the 2017 World Economic Forum, Ma talked about why we need to get people out for themselves.
He said, “As a business person, my concern is where the money comes from and where the money goes.” He also talked about how an entrepreneur must spend money in building infrastructure or helping other workers. “Not everything can go to Harvard University. We have to spend our money on those who cannot afford to pay education,” he added.
“You don’t need to be smart for success”
One of the important lessons from Jack Ma is not to think we should be smart to be successful.
In sharing his experience, Jack Ma said, “I don’t know anything about business or management when starting a business. The important thing is that you don’t need to know many things. You just need to find someone who is smarter than you. people who are smarter than me. When you find a lot of smart people, then my job is to make sure the smart people are to work together. When they can work together, then it is more for you to realize your vision, because when ‘fools’ can work together easily, smart people never work together. ”
Ma suggests that if you are at the age of 20-30, work at the company to learn as much as possible about work. When you are 30-40 years old, if you want to do something alone, just do it. You are still able to experience failure. But if it’s 40-50 years old, my advice is to do the things, you master. Then he added, “When you are 50-60 years old, you have to spend time training and developing young people, the next generation. When you are 60 years old, you should spend time with your grandson.”