Jack Ma shares his journey from repeated rejections and financial struggles to becoming a successful entrepreneur. He emphasizes the importance of perseverance, optimism, and hard work, despite societal disbelief. Ma highlights that opportunities often lie in solving others' complaints and stresses the value of collaboration and belief in one's vision. He advises young people to avoid complaining, think creatively, and take action on their ideas. Ma underscores that true success comes from helping others, as personal success and happiness are intertwined with the success and happiness of those around you.
Early Life and Education
- Jack Ma did not come from a wealthy family.
- Faced educational challenges, failing university entrance exams three times.
- Attended a teachers' college considered lower-tier in his city.
- Despite rejections, he believes it was the best education he could have received.
"I did not have a rich father. Not from, you know, well-educated. I tried three times for university, all failed."
- Jack Ma's background was humble, and he faced significant academic challenges.
"For the last time, I went to the teachers' college which was considered the third or fourth class of my city, but I think that is the best university I've ever had, better than Harvard and Wharton."
- Despite the college's lower status, Ma values the education he received there more than prestigious institutions.
Rejection and Perseverance
- Applied to Harvard ten times and was rejected each time.
- Experienced significant frustration and self-doubt.
- Despite low pay and difficult conditions, he remained determined to succeed.
"I applied for Harvard ten times, all failed. They don't want to see me, you know, terrible."
- Persistent attempts to get into Harvard, highlighting his perseverance despite repeated rejections.
"I was so frustrated because I taught in the university. My pay was ten dollars a month, was not easy."
- Early career struggles with low income and challenging work conditions.
Belief in Hard Work and Self-Improvement
- Maintained belief that there was something better waiting for him.
- Focused on working hard to prove his worth.
- Did not consider himself naturally smart but relied on hard work to achieve success.
"But I believe that something, something is waiting for me there, and I have to work hard to prove myself."
- Despite difficulties, he had faith in future opportunities and the importance of hard work.
"I never thought I was smart. Nobody believed that I could be successful."
- Acknowledges his own self-doubt and the lack of belief from others, emphasizing his reliance on perseverance rather than innate intelligence.
Vision and Innovation
- Jack Ma discusses his early belief in the potential of computers after seeing them in the USA in 1994.
- He emphasizes that his vision was not initially seen as realistic or achievable by others.
- The key to success, according to Jack Ma, is seeing opportunity where others see problems.
"Everybody would say, 'Well, this guy thinks differently, thinks crazy. You know, they think about something that will never work. Nobody agrees with him.'"
- Early on, Jack Ma was perceived as unrealistic and his ideas were dismissed by others.
"As I said, I believe it because I saw the computer in 1994 when I went to the USA. I think this thing could be big."
- Jack Ma's belief in the potential of computers was solidified by his experiences in the USA in 1994.
Optimism and Problem-Solving
- Successful people like Bill Gates, Warren Buffet, Jack Welch, Larry Page, and Mark Zuckerberg share common traits.
- These individuals are characterized by their optimism for the future and their proactive approach to solving problems.
- They focus on solving the problems of others rather than complaining.
"Honestly, people say you're smart, you have a big vision. I'm lucky to know a lot of famous people: Bill Gates, Warren Buffet, Jack Welch, Larry Page, Mark Zuckerberg."
- Jack Ma attributes some of his success to knowing and learning from other successful individuals.
"They are always optimistic for the future. They never complain. They always try to solve the problems of others."
- The common trait among these successful people is their unwavering optimism and focus on problem-solving.
Opportunity in Complaints
- Jack Ma suggests that opportunities are often found where people are complaining.
- Instead of joining in the complaints, one should look for solutions to the problems being complained about.
- This proactive approach can lead to discovering new opportunities and achieving success.
"And I think, where is the opportunity? The opportunity always lies in the place where people complain."
- Jack Ma believes that complaints are indicators of opportunities waiting to be explored.
"Some people sit there and complain; you think."
- Instead of complaining, one should think and find ways to solve the problems being complained about.
Identifying Opportunities Through Complaints
- Recognize complaints as opportunities.
- When a majority disagrees with an idea, it might be an untapped opportunity.
- Focus on solving the complaints to create value.
"If I can solve that complaint, that's the opportunity because when everybody agrees, why this opportunity should be yours? Because a lot of people don't agree with it and you think this is good."
- Solving complaints can reveal hidden opportunities.
- Disagreement from others can indicate a unique idea worth pursuing.
Belief in Your Vision
- It's crucial to have a team that shares your vision.
- External validation from investors, friends, or family is secondary.
- Internal belief and teamwork are paramount.
"Think carefully and find a group of people working together and making sure the people working with you together believe the dreams."
- Carefully select a team that aligns with your vision.
- Shared belief within the team is essential for success.
"Whether investors believe in 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."
- External opinions should not deter you.
- Personal and team belief are the driving forces.
The Value of Youth
- Youth is a significant asset.
- Starting from the same line means equal opportunities for everyone.
- Use youth to your advantage and avoid complaining.
"The best assets you have is that you are young."
- Youth provides energy, time, and potential.
- Embrace your youth as a valuable resource.
"Don't complain. Let the other people complain."
- Complaining wastes time and energy.
- Focus on solutions instead of problems.
Equal Starting Point
- Everyone starts from the same place.
- Success depends on how you utilize your resources and opportunities.
"Everybody is the same because we are start from the same line."
- Equal starting points mean equal opportunities.
- How you leverage your starting point determines your success.
Action Over Complaints
- Avoid wasting time on complaints.
- Focus on constructive actions to move forward.
"Those people complain, those people who still think about how you can."
- Complaints do not lead to progress.
- Constructive thinking and action are necessary for advancement.
Importance of Independent Thinking and Action
- Emphasizes the importance of using one's own brain to think and identify opportunities.
- Encourages taking initiative and making a difference rather than just having ideas.
"Make things different. Use your own brain to think. Is there an opportunity inside? Is there anything I can do that makes the difference?"
- Encourages individuals to think independently and seek opportunities to make a meaningful impact.
"Think about this, and then when you think about this, study, do it."
- Stresses the importance of moving from thought to action; ideas need to be studied and implemented.
Taking Action on Ideas
- Highlights the common issue of people having great ideas but failing to act on them.
- Urges individuals to take concrete steps towards realizing their ideas.
"I saw a lot of people, young people, have fantastic ideas every evening, but in the morning they go to the office again."
- Points out the discrepancy between having ideas and taking action; many people do not follow through on their ideas.
"Make the move. Make the action."
- Strong call to action; encourages people to take the necessary steps to bring their ideas to life.
Embracing New Opportunities
- Encourages viewing each new day as a fresh opportunity to make a difference.
- Stresses the importance of hard work in achieving success.
"To everybody, to any person, tomorrow is new."
- Reminds individuals that each new day brings new opportunities to take action and make a difference.
"You have to work very hard, right? Either work for the others or work for yourself."
- Emphasizes the necessity of hard work, whether working for oneself or for others.
Working for Society and Others
- Discusses the concept of working for oneself by working for the society.
- Highlights the interconnectedness of personal success and the success of others.
"I choose the way to work for myself, but working for myself means working for the society."
- Explains that personal work should benefit society; working for oneself should also mean contributing to the greater good.
"If you really want to work for yourself, think about the others, making sure you help others."
- Suggests that true self-interest involves considering and helping others.
Success and Happiness
- Asserts that personal success and happiness are linked to the success and happiness of others.
- Encourages a mindset focused on mutual success and well-being.
"Only when the other people are successful, when the other people are happy, you'll be successful. You will be happy."
- Stresses that one's success and happiness are dependent on the success and happiness of others; mutual success leads to personal fulfillment.