The Journey of any entrepreneur is quite interesting and there are a lot and a lot of learning throughout their journey.
This series is going to discuss some serious common factors behind the entrepreneur, their vision, and most importantly the TRANSFORMATION.
Lot of differences are there for a MAN and a BUSINESSMAN
What is success?
How to become a Millionaire?
How to solve the difficult problems?
How to recover from huge losses?
What is the height of a positive attitude?
And there is a lot of unanswered questions on this page but you will get answers for all the above questions from the entrepreneurial journey of ORDINARY MAN to “REAL HERO”
Is there only one REAL HERO?
Not exactly. Many real heroes are there to worship!!
In this blog, Will see about Jack Ma- The founder of Alibaba
JACK MA – The Legend
Date of Birth: 10 September 1964
Nationality : China
Founder : Alibaba
Net worth : $42.6Billion
All entrepreneurs know that their day is about dealing with difficulty and failure rather than defined by success.
The entrepreneur must be able to face failure and never give up.
We start with one of his best quotes
We don’t want to be number one in China. We want to be number one in the world,” said Jack Ma
In his school days, he did everything he could to learn English. He was an avid reader of Mark Twain and used every opportunity to get better at English.
Aged 12, he had an idea of how he could improve his English skills. Every morning at five o’clock he rides his bicycle for 40 minutes to an international hotel in his hometown and waited there for tourists.
When approaching them, he proposes a deal. He would show them around the city as a travel guide and they would teach him English in return.
One day he met an Australian family and soon became friends with them. They ended up inviting him to Australia, where he was impressed by the high standard of living that people enjoyed compared with China.
His English was improving constantly, but he was so weak in math that he failed the standardized university entrance test. His overall results were so bad that the university turned him down.
Still, he persevered and eventually managed to get into Teachers’ College although he admits that it was the least respected university in his city.
In 1988, he obtained a bachelor’s degree in English and found a job as an English teacher.
A trip to Seattle in 1995, where a friend showed him the internet for the first time, proved to be decisive in shaping his future. He was immediately smitten and intuitively recognized the role the internet would play in years to come.
That same year, he founded a company, China Yellow Pages, which struggled to take out an existence. He had spent almost all of his money on registering the company and had little left for anything else. The company’s office consisted of a single room with a workstation and a very old PC in the middle.
The biggest problem was that it was not possible to access the internet in his hometown of Hangzhou at that time. Given such circumstances, anyone else would have given up on the idea of setting up an internet company in such circumstances.
But Jack Ma was different. He told all his friends about the incredible potentials of the internet and convinced some of them to commission him to design websites for them.
He asked them to send him information about their companies, which he translated into English and sent by post to Seattle, where the websites were actually created.
His friends in Seattle took screenshots of the websites they were working on and sent them back to China, where he showed them to his clients.
The fact that he actually managed to find companies in his hometown who were willing to spend the not insignificant sum of 20,000 renminbi (about $2,400) on their new homepages is a testament to his enormous persuasiveness.
“I was treated like a con man for three years,” is how Jack Ma remembers those early days.
Over the next few years, Ma repeatedly changed his business model—combining experimentation with perseverance. In 1999, he founded the Alibaba Group as a business-to-business, e-commerce platform.
Things were by no means easy at first. Jack Ma later remembered: “The first week, we have seven employees. We buy and sell ourselves. The second week, somebody started to sell on our website.
We bought everything they sell. We had two rooms full of things we bought for no use, all garbage, for the first two weeks—in order to tell people that it works.”
From the outset, he thought big and set himself very ambitious goals. Shortly after founding his company, he told a journalist: “We don’t want to be number one in China. We want to be number one in the world.” He was so convinced of his future success that he even had a meeting filmed in his modest apartment in February 1999-to document the moment for his company’s later history.
During the small meeting, he posed the question: “In the next five or ten years, what will Alibaba become?” Answering his own question, he said that our competitors are not in China but in Silicon Valley. We should position Alibaba as an international website.
(To be continued in my next blog)🤞