Jack Ma warns, this one mistake can destroy start-ups

Jack Ma is one of the richest man in China. He is ranked as second on Fortune’s list of the World’s 50 Greatest Leaders. Jack is a philanthropist and founder of Alibaba, one of the world’s largest e-commerce website.

In a conversation with entrepreneurs at the JumpStarter conference in Hong Kong, Jack warned every start-up about why they should avoid one mistake in order to succeed.

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Don’t be tempted to hire top executives from large companies. Don’t try to put a Boeing 747 engine inside,” he warned. “It will destroy you.

He emphasized on finding people who are perfect fit for your company rather than hiring top salaried staff from other big companies. According to Jack, People who are willing to make sacrifices for each other and your company and those who are willing to pull it all together when needed the most are the ones startups should hire.

Work with a good team and train the team, and the team will also train you.

Glass Half Full

Jack also talked about attitude and advised business leaders to be hopeful and optimistic.

“You should be optimistic, always optimistic,” he told the gathered business leaders.

A great entrepreneur is optimistic for the future and asks what problem you can solve, and how you can solve it different from the others, better than the others.

Via Medium / Image Source

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Written by Hisham Sarwar


That is all you ever need to know about me but let me warn you, freelancing for me is a journey, certainly not a destination :)