How A Person Rejected from KFC Made Fortune Of China
IF YOU DON’T GIVE UP, YOU STILL HAVE CHANCE. GIVING UP IS THE GREATEST FAILURE
JACK MA
Jack Ma Yun, is a Chinese business tycoon, entrepreneur,investor and philanthropist.He is the founder of e-commerce site Alibaba.But his childhood was not something like normal kids.His story begins in China and is really motivating for young people out there.He was born to a musician story teller parents on OCT 15,1964. He belonged to a modest family who only had to fill their stomach and live the life. When jack was in high school he used to guide tourist in return of learning English.We all might have guided for money isn’t it (giggle).
The school life
Jack was not a brilliant kid during his school days. Jack Ma Failed in his Primary School assessments, not once, however Twice! He Failed Thrice during his Middle School tests. When applying to colleges after his High school, Jack failed the selection tests threefold before he finally joined Hangzhou Normal University. He even applied and kept in touch with Harvard University 10 times for admitions— but got dismissed each time.This was only his school life.
Mountain of rejection
After his college life he tried for several jobs but was rejected several times.During and after his Bachelor’s degree Jack fell flat to find a new line of work at a huge number of spots. Subsequent to going through three years to get into a University, Jack failed to get any work after applying for almost 30 times .Most of us might have loose hope and get depressed ,but not jack.he even applied for police job.There were 4 applicants 3 got selected but one got rejected.Guess who, yes he is our guy.
Once in an interview jack recollected,
When KFC came to China, 24 people went for the job. Twenty-three people were accepted. I was the only guy who wasn’t.
Devastating right! But as people say,everything is for the good. After all these rejections he started a translation service business,and for some business meeting he got to come to USA .This was the turning point for Jack .Here he came to know about internet .The first word he looked on the Mosaic program was ‘Beer’, and it jumped out outcomes from various nations, however no indications of China . He at that point looked ‘China’ and not a solitary outcome jumped out! He concluded it was the ideal opportunity for China and its kin to get on the Internet.
Things got on track from that day. NAAAAAA NOT THAT EASY.He opened a website called china page where he listed Chinese products,it got popularity but due to lack of income he had to shut it down. His idea for the e-commerce was blown. Naaaaaaaaaa you got it wrong again.
Beginning of Alibaba
In 1999, he with 17 of his friends including his wife Jack started the journey of e-commerce giant Alibaba, the organization started from his room. At first, Alibaba didn’t had any money to invest in the business, however they later raised $20 Million from SoftBank and $5 Million from Goldman Sachs in 1999.But in 2003, the future actually looked depressing for Alibaba, with the organization failing to make any income inside the initial three years and facing bankruptcy inside eighteen months. As the Chinese economy was as yet in its outset at that point, organizations and government specialists were distrustful about the possibility of an online commercial center. Ma additionally confronted issues inside Alibaba, as a feature of his vision for the development and rise of youth was also not working well.
The most awaited success
But as the saying there’s light after every darkness the Alibaba industry grew huge later onward . Ma never wrote a single line of code or sold something to anyone,he runs one of the biggest E-commerce networks in the world. The company went on to grow rapidly, expanding all across the world, quickly growing out of its China shell. Only second to Walmart now in terms of sales per year, Alibaba has become the E-commerce giant that Jack Ma has envisioned for it.
His company got huge after the IPO collected 36 billion dollars.Today his company is worth 300 billion dollars and is available in every corner of world.
Lessons from his life
- Have a vision for the future
- Never loose hope
- Always believe in yourself
