He is the first Chinese entrepreneur to be named for Forbes Magazine
Is the richest man in China and the 18th richest man in the world with a fortune of 29.7 billion dollars
He is Jack Ma, founder of Alibaba, and these are his ten laws for success.
The first law: habituation to be rejected.
When I was looking for university admission, I went on to university for three years.
When I did not succeed I started applying for jobs, and I refused thirty times.
I applied for a job at the police station and they told me I was not.
I even applied for a job at a Kentucky chicken restaurant when they opened a branch in China.
At that time, 24 people were accepted, 23 of them accepted, and I was the only one who refused.
When I came to the police department there were five applicants, four of them accepted, and I was the only one who refused.
By the way, I told you I went to Harvard. They refused me 10 times.
I knew I would refuse but I just wanted to see it.
Have you told Harvard 10 times that you want to go to them?
True, and then I told myself that someday I would go there as a teacher.
Second Law: Keep your dream alive.
We have a secret phrase for the success of Alibaba Group.
Such as “Open Sesame” is the secret phrase of Ali Baba,
The secret phrase for all is to “keep your dream alive”
Because that dream may someday come true.
This is our secret phrase.
Law 3: Focus on the culture of work.
In your opinion, what is your basic strength?
Our strength point is the culture of action.
Technology is not our strength point, I think technology is just a tool.
Our real strength point in the company is that we have an increasing staff of 18 employees for 20,000 young employees.
We strongly focus on values and tasks, we are keen on the culture of work, and we make sure that everyone works to help others instead of working to make money only.
Fourth Law: Ignoring frustrated people.
People will not like it …
Many of the people I spoke with before the establishment of the Alibaba system told me that this was the dumbest idea I had come up with.
But I said I do not consider anything stupid as long as there are people who use it.
Now we have 800 million users of the system.
Act 5: Be inspired.
I have learned many things from movies,
I wondered how to make a speech from a movie called “The Body Guard” … Whitney Houston is the film.
When I sang the song, I told myself that this is the way I should have received the speeches and then I did not know how to deliver a speech.
Because I am not a representative.
But when I saw the movie I was amazed and said to myself, If you sing from your heart, if you sing in an automatic way, if you are your nature.
I learned many things from movies, even learned from the film “The Godfather”
My favorite movie is “Forrest Gump”, there are many things that can be learned from movies.
We can talk about the feelings and inspiration we take from films
Law 4: Focus
What kind of business ideas do you reject?
I reject many ideas, because as an executive I have to reject many opportunities.
Because if I do not do that, maybe I should deal with about 5,000 opportunities every day.
But the decision to reject or approve depends on the task of making trade easier, if the idea in this direction will be taken into account.
Other than that someone came to me and told me that I had an idea that would make us a lot of money, that would not interest me.
Law 7: Choose the appropriate name.
Why choose Alibaba name (company name)?
Ali Baba?
Well, when I started to think that the Internet was global, we had to choose a global name for the company.
An interesting name.
At the time “Yahoo” was the best name in the field.
I had thought for a long time, and suddenly I thought that “Ali Baba” good name.
I happened to be in San Francisco at the time and I was having lunch and the waitress came and asked her: Do you know anything about Ali Baba?
She said yes!
Then I asked her: What is Ali Baba?
I answered: Open Yasmasm!
good!
Then I went to the street and asked 10 to 20 people,
All of them knew what Ali Baba and the forty haramists were and opened up Sesame.
I said to myself, It’s a good name.
Also it is a name beginning with the letter A, if you search for anything, Ali Baba will be at the top.
Law Eight: Customers First.
We have a different faith than that on Wall Street.
Our customer is the number one, the employee comes second, then the stock angel III.
Customer first, employee II, stock owner III!
Yes, again this is like religion for me.
The customer is the one who pays us the money, the employees are the innovators,
Shareholders always say things like, “We’ve been partners from the start, but when you’re in trouble, they’ll leave you immediately.”
But the employee will stay and the client will stay
Law 9: Do not doubt, look for opportunities.
I always want to tell young people:
Most people complain about the lack of opportunities.
Some complain, others change themselves and others.
Opportunities are where others complain.
Where we find problems, we find opportunities.
I have always believed in this.
Law 10: Be passionate.
We are here today to discuss what we should do
In the next five to ten years.
How will it be – Ali Baba – in the future?
Since we worked for China Pages, a company founded by Jack Ma in the past,
I always say that we do not compete with local sites.
But we are competing globally.
Our competitors are not in China; they are in Silicon Valley in America.
We must first put Alibaba as a global site.
Not just a local site.
Secondly, we must learn the hard working spirit of Silicon Valley.
If we went to work at eight in the morning and returned to our homes at 5 pm,
This will not be a high tech company.
And “Ali Baba” will never succeed.
If we had a mindset from 8 am to 5 pm,
Then it is better for us to go and do something else.
Americans are distinguished in hard work and order.
But in information and programming,
Chinese minds with the same quality.
Our minds are all as good as their minds.
That is why we dare to compete with them.
If we were a good team and knew what he wanted,
One of us can overcome ten of them.
We can overcome government agencies and world famous companies.
Because of our innovative spirit.
Besides, what is the difference between us and them?
Everyone knows that the Internet bubble.
The bubble continues to inflation.
But when will it explode?
Yahoo! shares Will fall and the shares of “Ebay” will rise
Perhaps after the “Ebay”, “Alibaba” shares will rise.
So do not worry.
Internet dream will not explode.
We will have to pay a painful price in the next three to five years.
This is the only way to succeed.
The goal is that Alibaba will be offering its shares in 2002.
thank you for watching.
Our question today is: What kind of rejection you have experienced in your life or business and you have to overcome it.
If you refused a lot and overcame it, I would be happy to share your story with us in the comments section below.
I made this video about Jack Ma at the request of a viewer.
If there are entrepreneurs who would like to review it, write it down in the comments.
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Thanks for watching, keep your faith, and wish you a wonderful day.
I hope you will start your day tomorrow with me again with another motivational video.
Translation: team translate autrjim @
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