6 Must-Have Tips To Learn From Billionaire Jack Ma When Starting A Business

The idea of building a business is exciting and the outcome can be extremely rewarding. Take Jack Ma for example, before he founded Alibaba Group, he was an English teacher making around USD12 a month at a local university. Today he is one of the wealthiest men in the world, with an estimated net worth of USD22.5 billion. Here is a collection of some valuable lessons from him that aspiring entrepreneurs should take note of.

#1. Before starting a business, know what you are doing.

#2. Employ smart people, not popular people.
#3. Learn from the failures of others.
#4. Always think about innovation, not just blind acquisition.
#5. Take every risk—that’s actually worth taking.
#6. The key to success lies in the younger generation.