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Top 10 Inspiring Facts About Jack Ma

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Imagine an online e commerce platform that is more valuable than Facebook and combines all the benefits of E Bay and Amazon, while giving us products more than both the platforms combined. Yes. You guessed right. The platform in question here is Alibaba, one of the largest e commerce platforms not just in China, but the whole world.

While so much is known about Alibaba, how much is really known about Jack Ma, the founder behind this giant? Today, we are here to give you ten facts you may not know about the brilliant founder.

 1. The time he was kidnapped

In 1995, Jack Ma was travelling to the United States for the first time business, functioning as an entrepreneur. Part of his business included trying to collect a debt for a friend from an American businessman in Malibu, California. Turns out, the businessman did not want to pay Jack Ma and instead, locked him up in his house out at gunpoint! Jack Ma barely escaped with his life intact.

2. An English teacher to an entrepreneur

Jack Ma began his career as an English teacher. In fact, when he was thirteen years old, he started learning English by waking up at 5.00 A.M. every day and travelling around on his bike to speak to foreigners. This practice helped him learn English the right way and also helped in increasing his people skills. He started his career as an English teacher!

3. When he first discovered the internet 

Jack Ma discovered the internet in the year 1995, when he laid his eyes on a computer. When he discovered the internet, it inspired him to start his business, China Yellow Pages. He started this company with 7000 yuan ($1140) and a loan from a family member.

4. The inspiration behind the name Alibaba

Jack Ma came upon the name Alibaba at a coffee shop. He asked the waitress what she thought about the name and she said it sounded like “Open Sesame.” According to Jack, this is exactly what the point of the e commerce platform was and that is how the name came to being.

5. His hero 

Did you know that Jack Ma’s real life hero is not even a real human being? It is Forest Grump! Explaining his love for the character, Jack said, “I watched the movie again, telling me that no matter whatever changed, you are you. I’m still the guy 15 years ago, you know, I only earned like $20 a month. Today I can do that much.” Now you can see why he is Jack’s hero!

6. The first Chinese to appear on the Forbes cover 

Did you know that while Forbes celebrates entrepreneurs and ground breaking philosophers, Jack Ma was the first Chinese entrepreneur to appear on the cover of Forbes!

7. His true love 

The man behind Alibaba has one true love and it is not the world of technology. He loves showbiz and dogs! He has a gorgeous husky named Apollo who is always by his side.

8. His parents were illegal performers 

While Jack Ma is the founder of a very legal business, his parents worked in an illegal practice. They practiced the art of “pingtan”, a Chinese tradition of musical storytelling that was banned during Mao’s Cultural Revolution from 1966 to 1976.

9. His alter ego 

Did you know that Jack Ma has an alter ego? Apart from his given name, he also goes by the name of Feng Quinyang, a legendary swordsman who is known for his aggressive, unpredictable and reclusive character. The nickname fits his business practices but not his public life. Jack Ma is no recluse.

10. His wife thinks he is ugly! 

Clearly, looks are not important for Jack Ma’s wife. She fell for the brilliantly hard working man behind the very ordinary face that is Jack Ma. Quite an adorable love story, this one!

Ma was brought up in a communist country. He saw his first computer at the age of 31 and barely graduated from University. Despite all odds, he has now become one of the most successful entrepreneurs. Jack Ma may have had many failures in his life but his tale to success is one a lot of us aspire towards. Start now and if you work hard enough, you can get to where he is without writing a single line of code in your life!

 

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Entrepreneur Stories

Facts about SpaceX

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From making history to planning on building a colony on Mars, SpaceX has achieved a lot in the field of space exploration and transportation services. An idea which only existed in a kid’s mind is now a multi million company and its still growing. Elon Musk has a dream to land on Mars and he found a way to make it happen.

Founded on 6th May, 2002, SpaceX came a long way crossing milestones and making history. From just an idea to a full fledged space transportation services company, here are a few facts about SpaceX.

1. SpaceX was the first private company to successfully launch, orbit and recover a spacecraft.

In December 2010, the operational Dragon spacecraft was launched aboard the Commercial Orbital Transportation Services (COTS) Demo Flight 1, the Falcon 9’s second flight, which safely returned to Earth after two orbits, completing all its mission objectives, making it the first private company to do so!

2. SpaceX was the first private company to send a spacecraft to the International Space Station(ISS).

In December 2012, Dragon became the first commercial spacecraft to dock with and deliver cargo to the International Space Station. It has since conducted regular, resupply services to the ISS.

3. Falcon was the first privately funded liquid propellant rocket by SpaceX to reach the earth’s orbit.

On 28th September, 2008, the Falcon 1,  a small rocket capable of placing payloads weighing several hundred kilograms into low earth became the first privately funded, liquid fueled rocket to do so.  Space X successfully launched this project into low Earth orbit for U.S. $ 90 million.

4. SpaceX achieved the world’s first reflight of an orbital class rocket.

On 30th March 2017, SpaceX’s Falcon 9, was launched into space for the second time after April 2016, when it carried out a space station cargo launch for NASA. This was indeed a historic milestone for SpaceX!

5. SpaceX is currently the world’s largest producer of liquid fuel rocket engines.

SpaceX currently manufactures three broad classes of rocket engine inhouse: the kerosene fueled Merlin engines, the methane fueled Raptor engines and the hypergolic fueled Draco/SuperDraco vernier thrusters, making it the world’s most prolific producer of liquid fuel rocket engines.

6. SpaceX was the first private company to send a human rated spacecraft to space.

On March 9th 2019, history was created once again as SpaceX launched its spacecraft, Dragon 2, for its first orbital test. This spaceflight was an uncrewed mission, but capable of sustaining life,  arrived at the ISS a little over 24 hours after the launch.

7. SpaceX used the same launch complex as Apollo 11.

In 2017, SpaceX became a part of a long space tradition when its Falcon 9 rocket took off from Launch Complex 39A at the Kennedy Space Center, where the Apollo 11 moon mission began.

8. SpaceX also manufactures spacesuits for its astronauts.

SpaceX doesn’t only make big spacecrafts or supplies cargo to the ISS but is also partnering up with NASA to create specialized spacesuits!  SpaceX says that safety and comfort will be among the specialties of these suits.

9. SpaceX offers astronaut taxi services to NASA.

NASA astronauts are taken to space using SpaceX spacecrafts. This is part of NASA’s Commercial Crew Program which cuts down dependency  on space agencies like Russia’s Roscosmos.

10. SpaceX knows how to travel in speed!

SpaceX claims that they can transport passengers over a distance of 620 kms in just 45 mins, that would usually take over 24 hours by bus. This could be possible through Hyperloop, which is still in its design stages.

SpaceX has not stopped evolving and has conquered many stages of space exploration. The journey does not stop here for SpaceX and in the years to come there would be many more interesting facts.

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Different Types Of Management Styles And How They Work

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Like everything else in life, leadership styles are learnt and honed through different stages of work. Every leader has developed, through the years, a certain style of management and leadership, which sets them apart. No matter how successful you are as a manager, here are  a few different types of management styles every great leader follows without realising:

1. The Autocratic Leader

The most common type of leader, Autocratic  leaders are those who make decisions without input from people around them. If the decision made is the right one, the response is positive. However, this rarely is the case and most decisions taken without consultations are perceived negatively. While not useful for most work environment, this style comes into play when firm decisions need to be made.

2. The Consultative Leader

Unlike the Autocratic leader, Consultative  leaders make decisions after consulting with those around. One of the primary advantages of this type of leadership is that it instills loyalty in the employees. Not only does the leader confer with those important, it helps in improving the focus  of the business. However, while this type of leadership does have its fair advantages, the negatives lie in the fact it results in employees becoming more dependent on the leader. Furthermore, those who feel left out of the consultation process end up leaving when not consulted.

3. Persuasive

Unlike the  Autocratic and the  Consultative type of leadership, Persuasive  leaders work as a combination of the two other forms. Despite consulting the employees, this type of leader convinces the people on  his or her team about why the said decision needs to be made. The primary drawback to this type of leadership is that employees tend to feel alienated because of their leaders focus more on persuading rather than actually taking feedback. Like the Autocratic leadership style, this  method should also be used quite sparingly.

4. Democratic

Just like its name, the Democratic style of leadership is that which has a combined decision making effort between the leader and the team. This essentially means  while the leader does take a final call on what’s happening, a voting system is followed. From the manager to the employees, everyone is involved in taking a call on what’s going to be done, thereby letting people realise they have a say in what’s going on in the company. While this style does work when it comes to taking major decisions, it does have a drawback because of the amount of time which goes on in the voting process.

5. Laissez Faire

The Laissez Faire type of leadership is the exact opposite of an Autocratic style of leadership. With this style, employees have the complete authority to take the decisions they see fit and the management is seen more of a mentor than a leader. One of the most preferred styles of leadership, this one helps in streamlining work and maintaining  an environment free of hostility, at the workplace.
Every leadership style has it own advantages and disadvantages. What style would you choose? Comment and let us know!

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OnePlus 7 And Everything You Can Expect

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OnePlus has been on a roll lately. While its recently launched OnePlus 6T is still making quite a buzz, rumours of a new phone from the series, the OnePlus 7, have started doing the rounds. Here is everything we can expect from the brand new OnePlus 7!

1. Design

Picture credits: Indianexpress.com

Like every other phone from the series, the new phone is going to adapt a new design as well. According to the rumour mill, the OnePlus team is going to create a slide mechanism to hide the front camera. The advantage of this? It allows for a full screen display, without any notches hindering the user experience. While other phone makers have adopted this technique, this is the first time a design like this will be seen in a OnePlus phone.

2. Triple rear camera

Picture credits: slashgear.com

One of the supposed new additions to the OnePlus 7 is a triple rear camera. A popular feature in other high end smartphones, the OnePlus is going to include 48, 20 and 5 megapixel cameras, while the front is likely to have a 16 megapixel camera. Moreover, a leaked image of the new phone shows a cutout hole protruding from the top edge. This could also signify the presence of a pop up selfie camera in the new OnePlus phone, a feature present in the Vivo Nex and Oppo F11 Pro.

3. Specifications

Picture credits: theinquirer.net

According to the leaks, the new OnePlus 7 phone is going to come with either an 8 GB or a 12 GB RAM. Furthermore, the Company is planning to ditch the wireless charging feature for this phone. Why? Because the cable being used is of an inferior quality and at this point, OnePlus doesn’t want to use anything that isn’t less than perfect. Incidentally, since its decision to give up the fast charging wire has been confirmed, OnePlus said, the new phone is most likely going to come with a 4,000 mAH battery with fast charging. People are also likely have the choice of getting a phone with either 128 GB or 256 GB internal space.

4. Pricing

Picture credits: theindianwire.com

According to the rumour mill, the new phone is going to cost around $ 549! While the new phone may be a little steep as compared to the other phones from this series, it is still cheaper than phones like the Samsung Galaxy S9 and Note 9.

While no clear indications have been given about the launch of the new OnePlus phone, the specifications definitely look exciting! What is the feature for which you are looking out the

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