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Friday, 5 September 2014

Alibaba Founder Jack Ma - You Are Poor Because You Have No Ambition

I saw this interesting piece on Yahoo by Alibaba founder Jack Ma. The 49 year old serial entrepreneur says: 'You are poor because you have no ambition'. Read more below:

Before I founded Alibaba, I invited 24 friends to my house to discuss the business opportunity. After discussing for a full 2 hours, they were still confused. I have to say that I may not have put myself across in a clear manner then, but 23 out of the 24 people in the room told me to drop the idea, for a multitude of reasons, such as: ‘you do not know anything about the internet, and more prominently, you do not have the start-up capital for this’ .

There was only one friend who told me, “If you want to do it, just try it. If things don’t work out the way you expected it to, you can always revert back to what you were doing before.” I pondered upon this for one night, and by the next morning, I decided I would do it anyway, even if all of the 24 people opposed the idea. When I first started Alibaba, I was immediately met with strong opposition from family and friends.

Looking back, I realised that the biggest driving force for me then was not my confidence in the internet and the potential it held, but more of this: ”No matter what one does, regardless of failure or success, the experience is a form of success in itself.” You have got to keep trying, and if it doesn’t work, you always can revert back to what you were doing before.



As with this quote by T.E. Lawrence – “All men dream: but not equally. Those who dream in the dark recesses of the night awake in the day to find all was vanity. But the dreamers of day are dangerous men, for they may act their dreams with open eyes, and make it possible.”

Jack Ma says people lose out in life because of these 4 reasons:
- Being myopic to opportunity
- Looking down on opportunities
- Lacking understanding
- Failing to act quickly enough


You are poor, because you have no ambition. Ambition is living a life of great ideals; a magnificent goal in life that must be realised. In this world, there are things that are deemed unfathomable, but there is nothing in this world that cannot be done. The depth of one’s ambition determines the potential of one’ future.

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