Chinese Billionaire: If You Are Poor At 35, You Deserve It [View all]

[RandySF]

For many who at 35 still blame their poverty state on family, friends or any other thing, famous Chinese billionaire, Jack Ma, says they are mistaking. According to him, “you are poor, because you have no ambition.”

In an article published by Cambridge Entrepreneur Academy - a World Wide Online Entrepreneur Training Academy and Incubator for Adults and Kids – Jack Ma spotlights on how he became a billionaire by creating Alibaba Group, a family of highly successful Internet-based businesses in China where he serves as the Executive Chairman.

“Before I founded Alibaba,” he said, “I invited 24 friends to my house to discuss the business opportunity. After discussing for a full two hours, they were still confused — I have to say that I may not have put myself across in a clear manner then. The verdict: 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’ etc.”

He continued, “There was only one friend (who was working in a bank then) 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.”

http://www.cameroon-info.net/stories/0,63124,@,chinese-billionaire-if-you-are-poor-at-35-you-deserve-it.html