Wednesday, September 24, 2014

Jack Ma and his Alibaba... pity he is not Malaysian

In Malaysia, Alibaba refers to the type of business partnerships which involve a Bumi partner (with political connections to get contracts) and a Chinese partner who does the day-to-day running of the business.

Malays whine about the lack of employment opportunities in the private sectors, despite being in control politically as well as in charge of all major institutions, GLCs and government universities.

But what seems to be lacking is the drive or ambition to be successful. If you have what it takes, nothing can stop you.

Let's hear from the new richest man in China, Jack Ma, whose Alibaba's IPO in USA was the largest in NYSE history!

'Jack Ma: Before I founded Alibaba, I invited 24 friends to my house to discuss the business opportunity. After discussing for a full two hours, they were still confused — I have to say that I may not have put myself across in a clear manner manner then. The verdict: 23 out of the 24 people in the room told me to drop the idea, for a multitude of reasons, such as: ‘you do not know anything about the internet, and more prominently, you do not have the start-up capital for this’ etc etc.

There was only one friend (who was working in a bank then) who told me, “If you want to do it, just try it. If things don’t work out the way you expected it to, you can always revert back to what you were doing before.” I pondered upon this for one night, and by the next morning, I decided I would do it anyway, even if all of the 24 people opposed the idea.'

'When I first started Alibaba, I was immediately met with strong opposition from family and friends. Looking back, I realised that the biggest driving force for me then was not my confidence in the Internet and the potential it held, but more of this:  “No matter what one does, regardless of failure or success, the experience is a form of success in itself.” You have got to keep trying, and if it doesn’t work, you always can revert back to what you were doing before.

As with this quote by T.E. Lawrence – “All men dream: but not equally. Those who dream in the dark recesses of the night awake in the day to find all was vanity. But the dreamers of day are dangerous men, for they may act their dreams with open eyes, and make it possible.”
Jack Ma: People lose out in life because of these 4 reasons:

Being myopic to opportunity
Looking down on opportunities
Lacking understanding
Failing to act quickly enough
You are poor, because you have no ambition.

Ambition is living a life of great ideals; a magnificent goal in life that must be realised.'
Jack Ma: If you’re still poor at 35, you deserve it!

More:
http://vulcanpost.com/7702/jack-ma-youre-still-poor-35-deserve/
Link

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