Before make a business should learn these 6 business tips from Jack Ma

The idea to create a new assistant is very exciting and can be repaid in the eyes of the mind. For example, Jack Ma had been a British teacher at a local college that point had only $ 12 per month, when he founded the company Alibaba Group. Today he became the richest man in the world, with total assets of about US $ 22.5 billion. As a large number of billionaires in the world, Jack Ma started his small business. Below are some useful lessons from China's annual billionaire, who all entrepreneurs should take as an example .

1. Before starting a business you need to know that what you are doing
You should not think you want to be their own boss because they do not want to work for others. Others also presented an opportunity to start a business, it will fill shortages in the market. In 1995, when Mr. Ma worked as a translator at the United States, his friends showed how Internet usage. He later sought information regarding beer on the Internet and found beer and American beer Germany's beer but not China. In the documentary film, Ma said: 'At the time, I really want to know so much I clicked search Information regarding China. But search engines have all responded that no information regarding China. As a result of this, and that is why he founded a company called China Page gather All information pertaining to China and the Internet company's first.

2. Hire smart people, not famous people
As a boss, you should find a suitable candidate for your company to progress company. For example, when presented to share experiences at Next Up Asia Ma shared to the participants that the company should hire employees that meet the company's requirements. Jack Ma said: 'Let's say that your company is a tractor if the engine Boeing 747 tractors You will be broken when the engine ignition. So you need not be too powerful or famous people come to work at your company. Small companies should hire only moderate emotional work.

3. Find out the other person's failure
Most people focus only on achieving individual success, but we have forgotten from their failures and obstacles that those encountered. Apart from understanding the key lessons of success and business from Ma made the remark that business owners should also learn from the mistakes of doing business. He said: 'A lot of people, which failed due to the same reasons. If you know exactly the reasons that make them fail, you can analyze it and work to improve on those errors.

4. Must have a new idea and do not follow up
Many people compare between Steve Jobs and Jack Ma. They are learning not finished college, and also the creation of new technologies that have changed the world. Both individuals as well as those who see the opportunities before you with its peers. For Steve Jobs, it is a laptop and phone touchscreen smartphone at Jack Ma, is the potential of the Internet. In an interview with CNBC TV Ma shared his experience in relation to the acquisition of the company Ebay: First, I do not know that they sell or not, and the second business is not as simple as buying. When doing business, you need to create something for the future time, which means that it does not exist in the current .

5. Venture on what should be risked
Ma founded the Internet company called China Page. But it did not succeed. The business process for a year, but Ma has finally lost control on China Page, and the company is They put pressure combined with China Telecom. Although there are some people regard it as a failure by Mr. Ma also considered it risky to be survey. In the end it also became an experience that should be aware. But it does not mean that failed and all the risks are the same, with some risk leading us to bankruptcy only once. Outstanding individuals that great entrepreneurs can see a crazy risk and reduce risk at the lowest level. There are many ways to do as research from market demand and opportunity to try to be patient and avoid rushed decisions trust myself and insurance in case something bad happens. In fact, we actually have people being reluctant to use this way to the end. Although anyway, this is a way to overcome the risks. Insurance services business offered by insurance companies such as AXA SME Smart Business Insurance was created to meet the needs of protection to small and medium-sized enterprises, which will get damaged by causes such as floods, theft, robbery, lost goods Damage caused by a third-party employee's infidelity and misappropriation. If the unfortunate happens, you will have a budget allocated for the re-start immediately. Through this program, you can focus on other risks that you have the ability to be able to take appropriate and acceptable.

6. The key to success is on the next generation
Whether in business, it really necessary for the preparation of a pre-project and important factors the best thing is to consider the needs and wants of our customers in the future. Because most modern business focusing on our customers younger generation to learn from anyone, to establish The company? Jack Ma is the anticipated outstanding knowledge of the coming days, said a group of kids that the Internet is a key team leader company to success, and he thinks businesses should also adapt to this group of people. Jack Ma said: the next generation simply mortal than the previous generation. If you want to have a company full of new ideas and want the company's future relies on young people. The Vulcan Post