It might be me. It might be China. It might be me being stuck in Alibaba’s web here in Shanghai, but I just watched this video with Jack Ma. I found it so inspiring, I even made notes haha.. it’s not necessarily about becoming a billionaire (in my humble opinion) but pushing kids to fail, and fail and fail and have some grit and push thru.
Ok, here are my notes that kind of summarizes the gist and the things that inspired me.
“You are young
You shouldn’t complain
You need to solve other’s problems
Use your own brain to think
You need to think: Is that true? Is there an opportunity inside?
Young people have fantastic ideas in the evening, but in the mornings they go to the office again
MAKE THE MOVE, TAKE ACTION!
Either work for others, or work for yourself
Working for yourself, means working for the society
Only when they’re happy, you’ll be successful and you’ll be happy
It’s all about Mobile, Data and Innovation
Next 20 years, at least 20 billion people will do online shopping
That’s an opportunity
Empower small businesses and make them grow strong
Unique value of internet
Use IT technology for whatever you’re doing
Start a restaurant? Use IT
Start a barber shop? Use IT
There’s opportunity everywhere
Any mistake you make right now is wonderful revenue for you
Be a good student, learn something, Follow someone
25 years: Go to a small company, learn the passion, learn the dreams and learn a lot of things at the same, fall and get up. At big companies you learn processes, go to a small company.
Before 30: choose which boss to follow.
From 30-40 this is the time you work for yourself
40-50 do everything you are good at, don’t go explore new things
50-60 work for the young people, they can do better than you. Rely on them, invest in them
over 60: spend time for yourself
the secret sauce: raise money when you have money
prepare for the winters
repair the roof while the sun is shining, when it’s raining don’t move
forget MBAs, don’t think like those structured guy use your instinct. Everything you do, is for the consumer.
Money follows people, people follow dreams, dreams follow executions. Go out and make mistakes.
Jack is going to write a book – Alibaba’s 1001 mistakes.
Go out and make mistakes.