Jack Ma’s lessons for Entrepreneurs: A tenacious leader, a philanthropist, a business tycoon, a politician, intellectual, and vibrant life coach, whose ideas and views that keep on changing people’s life.
It’s a well-known fact that Jack Ma was a teacher before he set out to conquer the world with Alibaba. A business magnate, investor, politician and philanthropist, Jack Ma is one of the world’s richest man. However, he is in a different league than most billionaire of the Earth.
Ma resonates from a very strong emotional culture which he has made synonymous with Alibaba. He is like a father figure to all his employees and regularly partakes in events to keep Alibaba feeling like one big family. So much so, that in China, he is fondly known as Teacher Ma.
The Buddha of the modern corporate world
Although Jack Ma is a billionaire with a massive empire, he thinks of Alibaba as a family venture, owned by each and every employee. Ma regularly holds activities to keep his employees motivated and also has performed for them on stage a number of times.
This sets Ma apart, as a businessman, a leader, and a teacher. He acts as the Master of the Ceremony during annual Alibaba mass employee weddings. He regularly passes on advice on not just the business aspects but also things that could improve the family lives of his employees. What he has done is make Alibaba a big family which loves his fatherly figure looking over all.
Most billionaires just build massive empires, Ma built a massive family
Jack Ma, a philanthropist who focused on improving education, environment and health care facilities also believes in social services. His actions extend not only across China but around the globe as well. For instance, every year Ma conducts Alibaba’s mass annual staff’s group wedding. He has also launched $14.6 million to promote, boost and develop education in Tibet.
In 2015, he created an NGO named Alibaba Hong Kong Young Entrepreneurs Foundation to support Entrepreneurs grow their businesses. He helped the Earthquake victims of Nepal in 2015 to rebuild 1000 damaged houses. In 2019 he started a Netpreneur initiative that grants 10 prizes to 10 African Entrepreneurs of $1 million each.
Life and Business Lessons from Teacher Jack Ma
1) On Giving up in Life
One of Jack Ma’s lessons for Entrepreneurs: In life, one needs to understand the value of not giving to any situation, whether it’s a tough time or the worse. It’s us who can choose the correct path and redefine the outcomes and never-ever lose hope if you lose hope and give up you just lost your chance to win.
Ma once said beautifully, never give up, maybe today is a hard time, and probably tomorrow it might get worse, but one thing is for sure the day after tomorrow will be sunshine.
2) On making and keeping a joyful culture
To succeed in life, and one has to make himself happy and happiness will not only boost and energize yourself but will to the entire environment you are sharing with others.
If you are happy, your colleagues, customers, shareholders, business partners and everyone who are related to you will be happy and satisfied.
3) The Opportunity in Customer feedback
Opportunity to score well comes with the wisdom, knowledge and service that you provide to your valuable customers, who chose you above others. What gives you the upper hand and makes you different from others, depends on the opportunity that you grasp.
Success and profitability should not only be the objective for the entrepreneurs instead these are the two outcomes that depend on how you and your company focus on your customers and employees that empowers you to reach the next heights.
4) Social Impact is bigger than Profits
Growth and profit should not be the only goals or ends to your mean. To grow, one needs opportunities and opportunities to make a great company. These opportunities always include society and its grievances that are not letting everyone to be a person one wants.
Need to solve the social problems because social solving problems not only give you happiness but people will also cherish, love and respect you and your company.
5) Redefining Leadership
This new and modern world needs people with new and modern leaderships qualities that will compel the employees to work together for a common goal. That’s one of the biggest lessons from Jack Ma for Entrepreneurs.
It’s tough and sometimes impossible to convince every employee, investors, business partners to trust you but working together will allow them to learn and understand each other, will develop the feeling of helping nature and appreciating each other’s work.
6) Taking the right decisions at the right age
Jack Ma’s advice on career and retirement is really a great thought. At 20-30 years of age, follow a good boss and join a good company that will provide an impetus ground to learn. 30-40, if you are planning to do something yourself, then just do it. Although it needs a lot of guts to take the risk.
40-50, it’s the time when you need time to spend with yourself, so one should focus on what he is good at. 50-60, it’s the most crucial time where new generation need the experience that you gather all your life, so train the next generation. And now above 60, this is where you need to spend time with your grandkids.