32 Most Inspiring Jack Ma Entrepreneurship Quotes
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About Jack Ma
Jack Ma, originally Ma Yun, is a Chinese entrepreneur who was head of the Alibaba Group, which comprised several of China’s most popular Web sites, including the business-to-business marketplace Alibaba.com and the shopping site Taobao.com.
Ma became interested in the English language as a young boy, and during his teens he worked as a guide for foreign tourists to Hangzhou. Ma failed the entrance exam for the Hangzhou Teachers College twice. (His weak point was mathematics.) He was admitted on the third try, in 1984, and he graduated with a bachelor’s degree in English in 1988.
In 1994, he founded his first company, the Haibo Translation Agency, which provided English translation and interpretation.
On a trip to the United States on behalf of the Hangzhou city government in 1995, Ma had his first encounter with the Internet and saw the lack of Chinese Web sites as a great business opportunity. On his return, he founded China Pages, which created Web sites for Chinese businesses and was one of China’s first Internet companies. [ 1]
Years after, Jack Ma is a global ambassador for Chinese business and is often listed as one of the world’s most powerful people, with Forbes ranking him 21st on its “World’s Most Powerful People” list. He also serves as a role model for startup businesses.
In 2017, Ma was ranked second in the annual “World’s 50 Greatest Leaders” list by Fortune. In September 2018, he announced that he would retire from Alibaba and pursue educational work, philanthropy, and environmental causes; the following year, Daniel Zhang succeeded him as executive chairman.
As of Nov 2020, with a net worth of $61.1 billion, Ma is the second-wealthiest person in China (after Ma Huateng), as well as one of the wealthiest people in the world, ranked 20th by Forbes. [ 2]
Jack Ma Entrepreneurship Quotes
Here are the most powerful success lessons from the Jack Ma entrepreneurship quotes:
Never deceive others, in business or in life. In 1995, I was deceived by four companies — four companies that are now closed. A company cannot go far by deceit.
Jack Ma
A leader should be visionary and have more foresight than an employee.
Jack Ma
30% of all people will never believe you. Do not allow your colleagues and employees to work for you. Instead, let them work for a common goal.
Jack Ma
A real businessman or entrepreneur has no enemies. Once he understands this, the sky’s the limit.
Jack Ma
Don’t hire the most qualified, hire the craziest.
Jack Ma
You need the right people with you, not the best people.
Jack Ma
Success and profitability are outcome of focusing on customers and employees, not objectives.
Jack Ma
Never ever compete on prices, instead compete on services and innovation.
Jack Ma
Customer first, employees second, and investor third.
Jack Ma
You should learn from your competitor but never copy. Copy and you die.
Jack Ma
Never ever do business with the government. Be in love with them, never marry them.
Jack Ma
Advertising can help in recognition, but branding is built by public response. It’s a cultural value that can never be hammered home by advertising alone. Advertising increases costs and can reach a point where your client can’t afford it. You must sustain a quality team and company culture, otherwise advertising will only bring added costs, not benefits.
Jack Ma
A leader should have higher grit and tenacity, and be able to endure what the employees can’t.
Jack Ma
Forget about your competitors, just focus on your customers.
Jack Ma
When you are small, you have to be very focused and rely on your brain, not your strength.
Jack Ma
You’ve got to make your team have value, innovation, and vision.
Jack Ma
Adopt and change before any major trends or changes.
Jack Ma
My job is to help more people have jobs.
Jack Ma
“You act as a CEO only under two circumstances, neither during “normal” times. First, when you make a decision, and second, when you make mistakes. Always admit your mistakes and never look to find fault with your employees’ execution or to blame your subordinates. A CEO shouldn’t be preoccupied with claiming “success.”
Jack Ma
Today is cruel. Tomorrow is crueler and the day after tomorrow is beautiful.
Jack Ma
We should never finish a 20 year program in two years.
Jack Ma
If trade stops, war starts.
Jack Ma
Right now there is a prime opportunity for all of us to change the rules of the game through e-commerce and shift the balance in favor of entrepreneurs like you. The Internet levels the playing field and gives everyone — be they big or small — a chance.
Jack Ma Entrepreneurship Quotes
A good boss is better than a good company.
Jack Ma
If we are a good team and know what we want to do, one of us can defeat ten of them.
Jack Ma
Today, making money is very simple. But making sustainable money while being responsible to the society and improving the world is very difficult.
Jack Ma
If you want to win in the 21st century, yo have to empower others, making sure other people are better than you are. Then you will be successful.
Jack Ma
If the customer loves you, the government will have to love you.
Jack Ma
You never know that the things you’re doing are that meaningful to society.
Jack Ma
A leader should never compare his technical skills with his employees.
Jack Ma
Alibaba has a very good PR team, very capable. Our only secret is to always tell the truth. No matter wherever or whenever, say what you’re thinking. Don’t say things that the media loves to hear or deceive them in order to cater to them. Tell a lie now, and you’ll be forced to keep it going even as you forget parts of it. This will only cause lots of pain. People like honesty. Not many people, however, will tell the truth at any time. Do so and you’ll differ from others.
Jack Ma
I’m not a tech guy. I’m looking at the technology with the eyes of my customers, normal people’s eyes.
Jack Ma
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Originally published at https://motiveex.com on November 16, 2020.
