Jack Ma teaches important lessons at the World Economic Forum
At the World Economic Forum, Jack Ma teaches the next generation about the lessons he has learned along the way.
Founder and chairman of e-commerce giant Alibaba, Jack Ma, wasn’t born successful. He had a rough life before founding Alibaba, the single largest retailer in the world. Throughout his life, Ma has had his fair share of rejection and even lived in poverty. Now, Jack Ma teaches a new generation what it takes to succeed.
Through all these challenges in life, he has risen to emerge as one of the most successful businessmen in the world. Based on his rich set of life experiences, Jack Ma teaches important lessons for everyone — especially parents and the younger generation — at the recently concluded 2018 World Economic Forum.
Moms and dads, here are some enriching lessons for you to teach your kids on how to be successful in life, based on Jack Ma's inspiring speech.
Lesson #1: Jack Ma teaches kids to learn from their mistakes
"In life, it's not how much we achieved, it's how much we've gone through the tough days and mistakes," Ma explained to a group of young leaders at the annual World Economic Forum in Davos, Switzerland.
"If you want to be successful, learn from the other people's mistakes, don't learn from the successful stories."
Ma recommends that youngsters should make themselves their own competition instead of setting their goals and aspirations based on other people’s success stories.
"As a young boy — even today — I never thought I would be here," he said. "When I look back, every problem I met when I was a kid benefited me."
Lesson #2: Jack Ma teaches kids that it's okay to fail
There are many lessons of success for children to learn through failure. It's not about defeat —it's about getting up, dusting off the dirt, and being more determined than ever to achieve your goal.
"I failed so many times, people probably know that I applied for so many jobs, over 30 jobs, all rejected, not even got a chance: 24 of us interviewed for a KFC job, 23 got accepted, I was the only guy rejected," he explained during the forum.
Once, he applied for a “police job” with five other people and was the only one to be rejected. In another instance, he and his cousin applied for jobs as servers in a four-star hotel.
"We waited [in a] long queue for two hours," Ma said. Eventually, his cousin was accepted and he was once again rejected.
He said his mother could only shake his head at him, but he refused to feel discouraged because he knew “this is a training course for me."
"No matter how smart you are, you will encounter mistakes," Ma said.
"You learn from mistakes not because you will be able to avoid mistakes when these mistakes come, [when] these suffers come, you learn how to deal with it, how to face it."
Lesson #3: Jack Ma teaches kids the importance of love and EQ (emotional quotient)
As parents, we focus a lot (too much, sometimes) on nurturing our children's intelligence. What should we feed them so their brain can grow? How many enrichment classes should we send them to? And so we go on.
Of course, intelligence — and having a good IQ — is important for kids. But Jack Ma reminds us not to forget another very important quality to nurture in kids for future success. That is emotional quotient, or EQ. In other words, the IQ of love.
"To gain success a person will need high EQ; if you don't want to lose quickly you will need a high IQ, and if you want to be respected you need high LQ — the IQ of love," he explained.
Lesson #4: Jack Ma teaches kids to soldier on
Persevering through life's injustices is tough. Many give up.
But others forge ahead and take these challenges head on. Jack Ma is one such person, and his life story can indeed be used as a lesson in perseverance to teach our kids.
Ma also reveals that his favorite movie is Forrest Gump. He said that the movie taught him that life is indeed tough, but one should forge ahead despite life’s difficulties.
He paraphrased Forrest Gump saying, “No one made money out of catching whales, people make money out of catching shrimp.”
Lesson #5: Jack Ma teaches girls to know their self-worth
It might be 2018, but when it comes to gender balance in society, males still have the upper-hand in general. Parents of little girls, know that you nurture future leaders of the world, scientists, astronauts, engineers, teachers.
Teach your daughters that they can be whatever they want to be.
Empower them with the knowledge that they are strong, powerful and capable. Remind them to never doubt their capabilities.
Ma understands the value that women add to the world, especially to the workplace. He explains:
"If you want your company to be successful, if you want your company to operate with wisdom, with care, then women are the best.
37% of senior management in Alibaba are women. Part of the 'secret sauce' of our success is because we have so many women colleagues."
So there you have it, moms and dads: genuine words of wisdom from one of the most successful people in the world, who started out small. We hope you are inspired, and that you will teach your children these lessons.
You can listen to Ma's speech in full here:
Republished with permission from: theAsianParent Singapore