Jack Ma, the founder and CEO of Alibaba, is a living testament to the power of perseverance and learning from mistakes. Despite being rejected from over 30 jobs, including a KFC position where 23 out of 24 applicants were accepted, Ma's determination and resilience propelled him to build a business empire valued at $519 billion.
In a recent address to young leaders at the World Economic Forum, Ma shared his insights on how to approach different decades of life. For those in their 20s and 30s, Ma advises following a good mentor and joining a reputable company to learn the ropes. "When you are 20 to 30 years old, you should follow a good boss and join a good company to learn how to do things properly," he said.
As individuals enter their 30s and 40s, Ma recommends taking calculated risks and pursuing their passions. "When you are 30 to 40 years old, if you want to do something yourself, just do it. You still can afford to lose, to fail," he advised.
In the subsequent decades, Ma suggests shifting focus towards stability, family, and nurturing the next generation. For those between 40 and 50, he recommends leveraging their strengths and expertise. "When you're 40 to 50 years old, my suggestion is you should do things you are good at," Ma said.
As people reach their 50s and 60s, Ma encourages them to mentor and develop young talent. "When you are 50 to 60 years old, spend time training and developing young people, the next generation," he added. Finally, for those over 60, Ma advises spending quality time with grandchildren.
Ma's own journey is a testament to the importance of learning from mistakes and persevering. He attributes his success to setting personal goals and working towards them, rather than comparing himself to others. "Make yourself your own competition," he advised. "Imagine what you hope to succeed in 10 years, and do everything you can to accomplish that goal."
Throughout his life, Ma has faced numerous setbacks, including being rejected from multiple jobs. However, he never gave up, instead using each experience as an opportunity to learn and grow. "I failed so many times, people probably know that I applied for so many jobs, over 30 jobs, all rejected," he shared.
Ma's story serves as a powerful reminder that success is not solely defined by achievements, but by the lessons learned along the way. "In life, it's not how much we achieved, it's how much we've gone through the tough days and mistakes," he said. By embracing challenges and learning from failures, individuals can cultivate the resilience and determination needed to achieve their goals.
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