This Is Jack Ma’s No-Nonsense Advice For Young People3 min read
“Make enough mistakes. Don’t worry. You fall, you stand up. Enjoy the show.”
When Alibaba Group set a record-breaking IPO for having the highest public stock offer in 2014, Jack Ma instantly became the poster boy of China e-commerce industry.
He is currently the second richest man in China, with an estimated net worth of $24.1 billion. With that, he serves as an inspiration to peopleâ€”especially young Asiansâ€”who want to succeed in this information-driven age.
Thankfully, Ma is more than willing to inspire future leaders and movers by giving them inspiration. Last year, he spoke to a group of young South Koreans on national television and gave advice on how to be successful in life in every step of the way. Hereâ€™s what he said.
(See Related Topic:Â 10 Important Life Lessons I’ve Learned My Encounter With Robert Kiyosaki)
Before you turn 20
Contrary to popular belief, entrepreneurship starts in your teensâ€”when you are trained to be a good learner not only in school but in life in general. Jack Ma highly encourages people to use this opportunity to learn and gain enough experience. â€œBefore 20 years old, be a good student,â€ he advises. â€œWhen you do entrepreneurship, just learn some experience.â€ Remember, most successful businessmen started didnâ€™t let their youth go to waste and took a chance early on in life.
Before you turn 30
Getting experience is one thing, but trying to put that experience to work is another. According to Ma, by becoming a part of a big company, you become a part of a big machine and learn the process, which is good. But in a small company, you learn the passion and the dreams. You learn how to do a lot of things all at once. â€œSo before 30 years old, follow somebody. Itâ€™s not which company you go, itâ€™s which boss you follow. Itâ€™s very important. A good boss [teaches] you. And by the time you turn 30 to 40 years old you have to think very clearly youâ€™ll be working for yourself.â€
Before you turn 40 to 50
By the time youâ€™ve reached your 40s, there is a good chance you may have already found your specialization. For Ma, this is the perfect time to simply do what youâ€™re good at and keep a steady focus in it. This is because the failure rate at this age is much higher than when you were young. â€œWhen you are 40 to 50 years old, you have to do all the things that you are good at. Donâ€™t try to jump into a new area. Itâ€™s too late.â€
Before you turn 50 to 60
Once youâ€™ve gone beyond 40, things will have started to go over the hill. Presumably, youâ€™ve done yourself proud; now itâ€™s time to pass the torch. No doubt age will slow you down, so youâ€™ll need the help of younger people to succeed. Jack Ma says that itâ€™s during this period in your life that you should work for kids â€œbecause young people can do better than you. So rely on them, invest in them, and make sure they are good.â€
When you reach 60
By this time, youâ€™ll have achieved a lotâ€”for yourself, for your family, and for other people. Now itâ€™s time to finally give yourself the time of your life. â€œWhen you are over 60 years old, spend time for yourselfâ€¦on the beach, [under the] sunshine. Right? Itâ€™s too late for you to change, normally,â€ he says. Give yourself a nice pat on the back. You deserve it. â€“Dino Mari Testa