'GREATEST SUCCESS STORY' (ft.Jack Ma) - Motivational video | Jack Ma speech | Inspirational video

Summary

The speaker recounts his journey of perseverance and success, highlighting numerous rejections from universities and job applications. Despite these setbacks, he founded Alibaba with a belief in the potential of the internet, facing skepticism and financial challenges. He emphasizes the importance of optimism, hard work, and serving others as keys to success, urging listeners to embrace challenges, take action, and follow their dreams.

Takeaways

• 📚 Persistence in education: The speaker faced multiple rejections from universities but did not give up.
• 💼 Job market struggles: Applied for jobs 30 times without success, highlighting the difficulty of finding employment.
• 💡 Visionary idea: Despite opposition, the speaker pursued the concept of the Internet, which was foreign to many at the time.
• 🏦 Financial challenges: Attempted to borrow money from banks and venture capitalists, facing numerous rejections.
• 🌟 Belief in potential: The speaker had faith in the Internet's potential, even when others doubted it.
• 💼 Entrepreneurial journey: With a small team and limited funds, the speaker built a business from the ground up.
• 💌 Customer validation: Received encouraging feedback from customers, which motivated the speaker to continue despite early financial struggles.
• 🚀 Building an ecosystem: The speaker focused on developing a comprehensive infrastructure to support the business's growth.
• 🤝 Success through optimism: The speaker emphasizes the importance of being optimistic and problem-solving for others as key to success.
• 💭 Encouragement for youth: The speaker advises the young to be optimistic, not to complain, and to seek opportunities in challenges.

Q & A

How many times did the speaker apply for university?

The speaker applied for university three times but was not accepted.

What was the speaker's experience with job applications?

The speaker applied for jobs thirty times and faced difficulty, indicating a high level of rejection.

What was the speaker's initial monthly income as a university teacher?

The speaker's initial monthly income as a university teacher was ten dollars.

What significant decision did the speaker make in 1994?

In 1994, the speaker decided to venture into something called the Internet, despite 23 out of 24 people being against the idea.

What was the general perception of the speaker's idea about the Internet?

The speaker's idea about the Internet was perceived as a stupid idea by many, as they had never heard of the Internet and the speaker was considered to know nothing about computers.

How much money did the speaker try to borrow from banks, and was he successful?

The speaker tried to borrow three thousand US dollars from banks, but it took him three months and he was unsuccessful.

What was the initial reaction of venture capitalists to the speaker's business idea?

Over 30 or 40 venture capitalists rejected the speaker's business idea, advising him to forget it.

How did the speaker gather the initial funds for his business?

The speaker gathered fifty thousand US dollars from eighteen friends.

What was the speaker's approach to building his business and ecosystem?

The speaker and his team studied for the first three years without any revenue, focusing on building the business and ecosystem little by little.

What advice does the speaker give to young people about optimism and opportunity?

The speaker advises young people to be optimistic, not to complain, and to look for opportunities where others complain, emphasizing that the best assets they have is their youth.

What does the speaker suggest is the key to success in entrepreneurship?

The speaker suggests that the key to success in entrepreneurship is to be ahead of others, wake up early, be brave, and focus on meeting customer needs.

How does the speaker define success in the context of his own work?

The speaker defines success as working for oneself by working for the society, ensuring that other people are successful and happy.