Words of wisdom from Jack Ma

There is a Bill Gates in Asia; he is Jack Ma. Jack Ma is the founder of Alibaba Group. Jack Ma is currently the richest person in China.

1. Our world changes daily.

Jack Ma said, “Please tell your children that the world changes every day and that no one will wait for you in the past. When the lighter was invented, the matches slowly disappeared. When the calculator was created, the abacus vanished. Digital When the camera was designed, the negative film market shrank. When direct market sales / internet-based sales emerged, traditional marketing declined. When the 4G (Wireless Internet Access) smartphone was introduced to the world ), you no longer need to turn on your home computer. When WeChat and WhatsApp (mobile text / voice / video messaging) were developed, traditional text messaging became less popular than before. Let’s not blame “who took over who. “This happened only because people are more adjustable and adaptable to new ideas and changes in the world.”

The world keeps changing every day; I am inclined to believe that it is changing very fast in this generation than in the past. I watched the owner of a local buy and sell tabloid because he cleverly conceived the idea of ​​printing his tabloid and giving it away to those who would accept it. It earns income from the advertisements of companies and individuals who would like to bring their products and services to the reading public.

Unfortunately, it did not respond to the threat from the Internet. Instead of putting up a website to host his clients’ ads, he struggled with discounting the cost of the ads. Soon, his business collapsed because people would rather go to the Internet than read his newspaper. Enterprising entrepreneurs reinvented their idea. Instead of a tabloid, they put up a website. This original buy and sell entrepreneur could have survived the change if he had transformed his idea and used a new platform. Instead of reacting and lowering the cost of ad space, you could have moved your business to the Internet. He has already built the brand and has existing clients (advertisers and readers) while the new entrepreneurs were starting from scratch.

We must be sensitive to change and adapt to it very quickly. Otherwise, we will find ourselves excluded and our business will die.

2. Don’t just look.

Someone asked Jack Ma: “What is your secret to success?” He said, “Really simple … I’m doing (action) while you’re just watching.” Sometimes the best solution requires just a simple answer: do it; Implement it.

Don’t just watch successful people get more successful; work for your own success. As soon as you’ve figured out what needs to be done, implement it right away. Otherwise, someone else will.

3. The idea you like best may not be a good idea.

I read that when Jack Ma does a brainstorming session with his team, he has no idea that most of his teammates will vote. He reasons that if most people want this idea, chances are other entrepreneurs are thinking of the same idea.

I hope these thoughts help you evaluate your business and the challenges for 2016. Have a Merry Christmas and a Happy New Year.

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