You may be asking yourself, who is Jack Ma and why would I want to be like him? Jack Ma is a former English teacher who founded Alibaba Group and became one of the richest men in the world. His success was not overnight and came from a lot of hard work and foresight. His hard work paid off to the tune of about 37.7 billion dollars and still growing! So let’s cover some of his philosophies and how you can work towards becoming the next, Jack Ma.

At the age of 54, Jack Ma is a self made e-commerce billionaire who resides in Hangzhou, China.

In this article I am going to give you my take on the Ten Rules of Jack Ma:

  • Learn from the mistakes of others
  • Focus on quality, not size
  • Be the first
  • Prepare for the future
  • Respect your competitors
  • See the Challenges as opportunities
  • Believe
  • Surround yourself with greatness
  • Live healthy
  • Have Fun

 

It is important to know what your competitor is doing, but not to copy them

It is very hard to have an “original idea” any more, but it does not mean that you can not build on an already good idea and make it great. Keeping up with your competitors is certainly a better hobby than “Keeping up with the Kardashians”, but just like you shouldn’t want to be a clone of Kim, do your own thing with your business as well.

By all means, use others as inspiration but not as a template.

Focus on quality, not on size

I love the Chinese analogies. If there are nine rabbits and you only want to catch one, just focus on one. That makes so much sense. Why worry about the other 8 if you can only get one. Find the one you think you have the best shot at, study it, approach it, and get it. This idea can be applied to every aspect of your life.

Focus, achieve, reflect, repeat.

Be the first

All successful people have something in common. They have the ability to notice something before other people do as well as the ability to be courageous enough to act on that observation. It is important to always be aware of new trends, new habits, and always be aware of where peoples attention is.

If you can know where the attention is at, be on top of trends, and act on your intuition, you will be just fine.

 

prepare for the future

The problem with so many people I talk with is they want to blow up right away. They think that they start something that it will instantly get overnight recognition. That is not the case, 99.9 percent of the time. You have to map out your vision for the next few years and make a checklist of how to get there.

Prepare for the future, respect the past, and try to appreciate the present.

respect your competitors

There are no such things as competitors in business. There are so many people and dollars in the world that there is no way that we are competing for them with other businesses. If you respect your competition and learn from their mistakes, you will be able to spend more time on your own customers. You know, the people who really matter to your business.

see not challenges, but opportunities

Do not quit because something is hard. Better yet, do not hesitate to start because something is hard. Instead, look at it like a true opportunity, a blessing that you get to try to succeed.

More people fail by not starting or getting too worried about where to start. Put it into motion and learn every day.

believe

You do not need others to tell you that you are doing well. Worry about your craft, not opinions. If you are confident you are putting out quality, then keep doing that and find the people who appreciate it.

surround yourself with greatness

You are a combination of your true self and those around you. Remember to always surround yourself with people who are better than you. Surround yourself with people who have similar as well as different experiences than you.

You are only as good as the weakest link on your team.

Live healthy

There is a lot to be said for how proper nutrition and exercise can impact your health and happiness. The more you take care of your body, the more time your mind can spend on the missions you set it on. If it does not have to spend time healing and sending pain transmitters all over your body, think of all the power it has to help you with your Ta Da List!

have fun

Most importantly, have fun. Enjoy what you do! If you hate Monday’s it is not their fault, I promise you its your jobs fault. Also do not do things just because there is easy money in it. Do things because you have a true passion for them.

It is easier to monetize a passion than it is to spend money making up for hating 40 hours of your week.

 

I would love to know what you think of this article in the comments. 

Do you follow Jack Ma, use his products, learned from his teachings?

Let me know!

If this article was of any inspiration to you, share it to your friends!

 

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