business ideas - how to start a business by Jack Ma ( one of the richest person in the World )
Summary
TLDRJack Ma reflects on his entrepreneurial journey, recalling how he started Alibaba in 1994 when no one believed the internet would be impactful. He emphasizes being optimistic, ready to learn, and never giving up as keys to success. Ma notes that opportunities come from solving people's complaints, and successful people like Bill Gates focus on helping others. He encourages young people to pursue their dreams with passion, and highlights how Alibaba invests in youth to enable creativity and problem-solving.
Takeaways
- 😊 He was optimistic about the internet in 1994 when most people disagreed
- 👥 He believes in finding opportunities where people complain
- 🎓 He doesn't care about formal education, he cares about passion and readiness to learn
- ⛑️ He worked for himself but chose to work for society and help others be successful
- 😤 He was frustrated in 1994 that successful people like Bill Gates took all the jobs
- 🤝 He knows famous successful people like Bill Gates and Warren Buffett personally
- 💼 He started Alibaba to help small businesses do global trade
- 💡 He encourages young people in his company to find creative solutions
- ⌛️ Successful people he knows never complain, they try to solve problems
- 🎯 He believes in working hard, either for others or for yourself
Q & A
What year did Jack Ma first propose the idea of the internet and how did people respond?
-In 1994, Jack Ma proposed the idea of doing something with the internet. 23 people were against it, thinking it was a stupid idea since they had never heard of the internet and Jack Ma had little computer experience.
What motivated Jack Ma to pursue the internet business idea even though he lacked experience?
-Jack Ma wanted to find a job but could not find a good one, so he decided to start his own internet business.
What does Jack Ma think is more important than a person's educational qualifications?
-Jack Ma believes a person's passion, willingness to learn, and ability to prove in the real world what they have learned is more important than their degrees.
What is Jack Ma's advice for finding opportunities?
-Jack Ma believes opportunities lie in places where people complain. If you can solve people's complaints, then there are opportunities.
What problem did Jack Ma identify and solve with Alibaba?
-Many small businesses in China wanted to sell goods abroad but struggled with trade shows, visas, money and relationships. Jack Ma created Alibaba as an online platform to help small businesses with international trade.
What does Jack Ma prioritize when looking for young talent?
-Jack Ma looks for passion, eagerness to learn, and persistence in young talent rather than focusing on their academic qualifications.
Why does Jack Ma advise working for yourself?
-Jack Ma believes that if you work for yourself but focus on helping others and society, then you will find success and happiness.
What common trait does Jack Ma observe in successful people like Bill Gates?
-Jack Ma notes that very successful people like Bill Gates are always optimistic for the future and focus on solving problems for others rather than complaining.
How does Alibaba invest in young people?
-Alibaba puts 0.3% of its total revenue towards initiatives that encourage and enable young people to find creative solutions to problems.
What is Jack Ma's advice for achieving success?
-Jack Ma advises that you must believe in your dreams even when others don't, and work tirelessly with your team to make them a reality.
Outlines
😊 Being optimistic and working hard leads to success
Paragraph 1 discusses how Jack Ma was optimistic about the future and the internet in 1994 even though others didn't believe in his ideas. He started Alibaba because he couldn't find a good job and wanted to solve people's complaints. He believes successful people like Bill Gates are optimistic, work with young people, and try to solve problems rather than complain.
😃 Identifying and solving people's complaints leads to opportunities
Paragraph 2 talks about how small businesses in China wanted to participate in trade shows abroad in the 1990s but couldn't get visas, money, or relationships. Jack Ma saw an opportunity to help them through the internet even though nobody else believed it would work. He advises young people to take action on their ideas and help others be successful.
Mindmap
Keywords
💡optimistic
💡opportunities
💡passion
💡youth/young people
💡hard work
💡future focused
💡problem solving
💡technology
💡never give up
💡helping others
Highlights
I was optimistic for the future of the internet in 1994 when no one else believed it could work
I started Alibaba because I couldn't find a good job, not because I had a vision for the internet
A university degree is just a receipt that you paid money to study; the real education comes from proving yourself in society
I look for young people with passion, willingness to learn, and perseverance, not their academic credentials
The opportunity lies where people complain; if you can solve their complaints, you'll find success
I started Alibaba to help small businesses sell abroad that didn't have the means on their own
Successful people like Bill Gates are always optimistic and try to solve problems for others
We invest heavily in young people at Alibaba because I don't need them to know computers already
Money alone isn't enough to motivate young people; you need to awaken their consciousness
Believe in your dreams whether anyone else does, even investors, friends, or your parents
Take action every day with passion to achieve your dreams, even if no one else supports you
If you work for yourself, make sure you're helping others and society
Tomorrow is a new day to believe in your dreams and take action on them
You have to work very hard every day to be successful
When you help others be successful and happy, you will find success and happiness yourself
Transcripts
optimistic for the
future when you're
optimistic it's always optimity nobody
believ that I could be successful
because everybody this guy think
differently think it crazily you know
they think about something never worked
in 1994 discuss that I'm going to do
something called internet and 23 of them
against it this is this is stupid idea
right we have never heard about internet
and you know nothing about computer why
you want to do the computer so nobody
agree with as I said I believe it
because I saw the computer in 1994 when
I went the USA I think this thing could
be
big
but I never thought it would be that big
like today honestly people say you're
smart you you have a big Vision 1994
since you s internet that was not true I
just want to find a job because I could
not find a good job so I do
myself so that is the history that's the
thing and now after 16 years we have a
lot of we have Alibaba group we have a
t-o group we have a tabar group we have
alip p and people say how you make
it why this make it why people cannot
find Opportunities you can find
Opportunities and I think people sitting
here today Jeff where is the opportunity
I don't have a job I don't have this I
don't have that I remember 20 years ago
I I hate Bill Gates I say he took all
the job you know he's such a great and
Larry Page Bill Gates and every success
people they did good and why I didn't
have this
chance the same question like you and
later I calm down myself and luckily I
win I tell you I'm lucky to know a lot
of famous people Bill Gates Warren
Buffett the Jack Welch Larry Pig Mark
zag I know all of them I would like to
share with you that those people the
difference between those people and
other people they always optimistic for
the future work with the young people
but when I looking for young people I
don't normally I don't read their which
university they graduate because no
matter you a PhD degree or master degree
or bachelor degree that only a receipt
that you have paid that much money
study the real school is in the society
when you find a job and prove that what
you have learned really make things
different so I love to see the people
with passion I love to see the people
ready to learn not say I'm a PhD I'm a
doctor so I don't have unlearned no it's
new to to anybody when you go to the
society so these are the the passion for
future optimistic ready to learn and
never give up these are the qualities
that we would love to have young people
to have us invest on the young people we
have a over 34,000 young people in the
company cuz I don't know computer if
they know computer that's great I don't
know they don't know we have a
problem so we started 6 years ago put
0.3% of the money of of the total
Alibaba revenue on encouraging enable
all the young people to find a creative
ways to solve the problem and I think
the money is not always not enough but
the money we use try to wake up people's
Consciousness I
think I have to try it cuz I believe it
whether people believe or not
I believe it I'm making sure the people
working with you together to leave the
dreams whether investors believe it this
or not whether your friends believe it
or not whether your parents believe it
or not that's not important you believe
it your team believe it and work day and
night on
this Bill Gates Warren Buffet the Jack
wels Larry Pig Marx zabber I know all of
them they never
complain they always try to solve the
problems of the
others and I think where is the
opportunity the opportunity lie always
lies in the place where people
complain some people sit there complain
you think M if I can solve that
complaint that's the
opportunity that's what I did and I
think 1994
1995 so many people in China want to
sell things abroad but there's no place
because the big
business can go to the Trade Fair Las
Vegas feir and Germany Fair small
business they don't have opportunity so
they complete we we want to go to trade
shows but they cannot get Visa they
don't have money they don't have
relationship so I think if internet can
help this small business it will be
great but nobody would believe it why
internet can
help I saw a lot of people Young people
have fantastic ideas every evening but
in the morning they go to the office
again make the move make the action to
everybody to any person tomorrow is
[Music]
new believe one thing this is also
another last advice I want to give you
you have to work very hard I either work
for the others or work for yourself and
I choose the way work my for myself but
working for myself that means working
for the society if you really want to
work for yourself think about the others
that they be time making sure you help
others because only when the other other
people successful when the other people
are happy you will be successful you
will be
[Laughter]
happy
[Music]
h
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