The Dhaka Times Desk Today I have presented for you the biography of a person whose biography you can learn how to achieve success despite thousands of failures.
Jack Ma was born into a poor family in Hangzhou, China in 1964. His parents made a living by singing and entertaining people. From childhood, Jack Ma always tried to stay with tourists visiting China to learn English. Besides, he bought his own radio. The objective was to listen to English regularly on the radio.
Although he could learn English well, he failed repeatedly in mathematics. He also failed the college entrance exam twice due to Jack's bad performance in math. But Jack Ma passed the entrance exam for the third time. This time he was admitted to Hangzhou Teachers Training College.
Jack Ma could not get a job after his studies. He even applied for a manager's job in a restaurant. But that didn't happen. Eventually he got a job teaching English at a university. Jack was paid $12 a month. He said, “I was curious as a child, but never afraid. My rivals were always stronger than me. But I thought and fought."
Jack opened a translation center to assist Mandarin-speaking Chinese businessmen. In 1995, he got an opportunity to travel to the United States as a translator for a Chinese organization. Go to the United States and become familiar with Internet technology. Jack Ma can know that everything is known from the Internet. Jack searched the net for information about beer. He found that there was no information on the Internet for Chinese speakers. There is no information about China!
Returning home, Jack opened a new company. He launched a website called China Page and began publishing information on export-oriented Chinese companies. Jack Ma's website is said to be China's first internet-based business. The website completely failed to do business due to various problems. Four years later, Jack borrowed $60,000 from his friends and launched a B-to-B platform called Alibaba.com. On this website, Chinese exporters can list their products from where foreign buyers can purchase products from these exporters. Jack Ma founded a new company called Alibaba. This company is considered as an example of success of e-commerce in today's world. Within a year, Goldman Sachs and Softbank invested a total of 25 million dollars in Jack Ma's initiative. Alibaba's total assets stood at $160 billion. Based on this trade, Jack became the richest man in China.
The company's board of directors has decided to sell 12% of Alibaba shares. The total value of these shares is 20 billion dollars.
Jack Ma is a wonderful example of how to succeed in today's e-commerce business. Despite all this success Jack Ma still doesn't know coding or web site design language. Jack's situation changed with China's economic development. China began to do very well in export trade. How did Jack Ma become a guru of e-commerce without knowing much about the Internet and information technology? This question was answered by one of his early fellow porters, Eris Mann. Jack is a very good speaker, Eris Man said. He can easily spread his dreams to everyone. Jack always told us, "We're all young and never run out of fights ourselves."
Jack Ma is also good at keeping his colleagues in his organization happy. On various occasions, he is quick to put a smile on the faces of his colleagues whenever he gets the chance. On Alibaba's founding anniversary, Jack Ma organizes a grand talent show every year at a local stadium. At that event, the employees of Alibaba were extremely happy. Jack Ma resigned as CEO in 2000 to streamline the organization. He then became the chairman of Alibaba. In this context, Jack said, "Being a good chairman is more challenging than being a CEO."
However, one of the main reasons for Jack Ma's success is his interest in solving people's problems. He wanted to solve the problems of Chinese traders. And information technology is the means to achieve this objective. Also, what qualifications are required to be a successful entrepreneur like Jack Ma can be understood from a letter written by him. The letter was written by Jam Ma addressed to her staff. He mentioned in the letter-
“We did not succeed because of hard work or determination. We have succeeded because of giving utmost importance to customers. And we have been able to respect our strengths. We believe that ordinary people can do extraordinary things."
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