In the modern era, everyone wanted to become a successful businessman Like Jack ma, But no one focuses on finding the exact secret and sauce behind Jack Ma Succes, Today I will let you know about Jack ma Business Tips and his life story.
Jack Ma started as a school teacher – having a very humble beginning. He said nothing was known about building a website or starting a business until after a few years he was 30. Now, 55 years old, he is the richest man in China, with a net worth of more than USD $ 43.9 billion (February 2020).
He said that Alibaba founded in 1999, having a world record of the highest amount ever found in an initial public offer, a whopping $ 25 billion USD.
I think by now, you already know that Jack Ma knows something that you should definitely know to start, run and develop a successful business; And I will show you 6 great lessons you need to be guided by when running your business.
Here are Some Key Jack ma Business Tips you must know to become successful in your business
1. Learn from other people’s Mistakes:
This is most important from Jack ma Business Tips,
“Learn from other people’s mistakes. No matter how smart you are, you will face these mistakes. You will learn from the mistakes, not because you will be able to avoid them; but so when these mistakes come That, you know how to deal with it. “
So you need to read more. So you have to develop the habit of listening to other people’s stories and more. When you do this, you learn to avoid pitfalls, problems, and possible solutions, and you expose your mind especially because of other people’s way of thinking.
2. Always think Innovative (Jack ma Business Tips)
We live in a world where people are hesitant to change and improve on the “status quo”. Everyone wants to play it safe, and keep track of work because change is like “too much work”. But Jack Ma has a different approach to it. If you don’t have a better, cheaper, faster way of doing something, don’t start a business.
Therefore, when next you are thinking about you or your business to develop your business, always think out better ways to run your business, or serve your customers. Not because you will necessarily get the “best” way, but because by thinking, you open your mind to a world of great possibilities.
3. Know what you are Doing:
Do not act with blind faith. All of these fall into place in the future, which is going to take a lot of time and effort in knowing the effect of your every move, at least not in the long run. Of course, you cannot predict future events, but to an extent, you can control whatever you do now. You have mentors to guide you, great support groups, and an amazing network that will continually refine your experience and force you to sharpen your skills.
4. Get Used to Rejection:
Jack Ma has had his fair share of failures. He once applied for a job at KFC with 23 other applicants; All the other 23 of them were accepted, and he was the only one that did not do it. He has also applied to Harvard ten times and was turned down.
However, here’s what Jack Ma had to say about the rejection.
“As an entrepreneur, one of the qualities I have is that when I am rejected by people, I am used to them. ”– Jack Ma, CNBC in an interview.
5. Hiring the right people, not necessarily the Best:
“Hire the right people, not necessarily the best people. The way to get the best people is to train them. There are no” best people “in the market, the best people are the ones you train yourself. Hiring “the best in the market” but not suitable for you is like putting a Boeing 747 engine in a poor tractor. Neither of them I’d be happy. ”
When starting your business, because Michael E does not aim to hire “the best of the best”. Garber said in his ground-breaking book, E-Myth, “A business that relies on highly skilled individuals will be impossible to replicate.
6. There is no “right time”:( Jack ma Business Tips)
“When we started Alibaba, the market was really cold.” – Jack Ma.
A lot of people are waiting for the “best” time to start a business or breakup in a market yet unused. Jack Ma, however, says that you will wait a long time. Do not wait until you see people doing stuff and succeed before you choose to take your own steps in that direction. You are an entrepreneur because you can look into the future, find a problem, come back to the present, and start working in this direction.
A lot of work will be required on your way to starting a business. Don’t stop learning, don’t stop new, recruit the right people, know what you’re doing, get used to rejection, learn from other people’s mistakes, and most importantly, just do something!