Principles & Ideas from the founder of Alibaba, Jack Ma (and one of China’s richest men)

Some people love Ma others suspect Alibaba accounting – regardless of what you think check out below and see if you learn something or if it changes your mind one way or the other.

Jack Ma
Image source: YouTube Video Screenshot

Jack Ma – 21 Laws Of Success

  1. Optimism – in 1999, Jack Ma and his team had highly optimistic goals, trying to IPO in 2002 – they ended up going public in 2014! But at least they made it
  2. Social Grace – Emotional Intelligence, Empathy, Love, etc.
  3. Golden Rule (do unto others as you would have them do to you)
  4. A Dream – the one’s who think they can change the world.. are the one’s who do
  5. Rest & Relaxation – helps to prepare you for the next sprint (or long jog)
  6. Unconscious Competence – first is unconscious incompetence; second is conscious incompetence; third is conscious competence; and finally, you get to unconscious competence.
  7. Humility – a law of the masters
  8. “Think Different” – if you follow the crowd, and take average actions, and have an average mindset.. that would make you average.
    Jack Ma’s Example – They decided to build Alibaba from HangZhou, which was (at that time) not a hub for entrepreneurs. But because they had no connections or money, starting in Shanghai or Beijing was not favorable for Alibaba.
    Instead, they decided to be “the only child” in a local city.
  9. Embrace Failure – the example of Charlie/Warren who ‘rub their noses’ in their failures, in order that they might not make the same mistakes again
  10. Starting Small – “Start Small, Finish Big” – better that you would enter through the door of humility and have fanfare and success at the end, rather than the other way around examples – Nike, Subway, Apple, Walmart, Rainbow Sandals, etc, etc.
  11. Building For Yourself – Mark Zuckerberg, Steve Wozniak, Stewart Butterfield, Kevin Systrom, and others would agree that they were building products for themselves and their friends – something that was cool, that they liked, and that they wanted to see in the world
  12. Taking Responsibility – The buck has to stop somewhere
  13. Persistence – a very powerful force – John D. Rockefeller said, “I do not think that there is any other quality so essential to success of any kind as the quality of perseverance. It overcomes almost everything..”
  14. Sense of Humor – and having fun at what you do
    Also – a “sense” for the product – Jack Ma likes to say that he doesn’t know technology. Instead, he wants Alibaba, Taobao, Alipay, etc. to be user-friendly.
    Jack being a “tester”.
  15. Good Teammates – including teachers/mentors, employees, partners, friends, investors, and customers – Good people come before good results
  16. Flexibility – “be like water” – unbreakable & malleable – resilient and able to thrive in any environment
  17. Utilize Natural Advantages – natural aptitude along with hard work and practice would lead to great results
  18. Leadership – “Let him that would move the world first move himself”
  19. Egalitarian – We should ask, “Who is the best person(s) for the job?” – not worrying about age, gender, ethnicity, etc.
  20. Inner Values – if you work on the hidden core competencies first, the outer results will follow
  21. Continual Learning – Charlie Munger observed that the biggest successes in life were “Learning Machines”