Time Competence

Time, can be said as the most precious commodity of all. Especially, to the entrepreneur, who is holding an important role and always looking to do more in the time he or she has. An entrepreneur carries heavy and a lot of responsibility. He or she must do more research to make improvement, planning to ensure the efficient of the process, more building and testing to make correction and provides solutions, more thinking, more selling and other more important role to ensure that his or her company or firm achieves every goals and objectives that determined. Besides, time management is the creation of tools and processes that allow individuals and organizations to accomplish more in a set time period. While time management is critical to success for all individuals, it is more critically important to entrepreneurs. This is because entrepreneurs are typically faced with tons of challenges each day and quickly compile massive "To Do" lists. “The most important thing is to make the most important thing the most important thing”. Thus, entrepreneurs are always competing with “Time”. They must have a good time management, then know how to appreciate and uses all the time that they had usefully and carefully.

For example the entrepreneur that had this characteristic is Jack Ma. Jack Ma was born in September 10, 1964, and he is a Chinese entrepreneur and philanthropist. He is the founder and Executive Chairman of Alibaba Group, a family of highly successful Internet-based businesses. Besides, he is the first Chinese entrepreneur to appear on the cover of Forbes. In 1994, Ma heard about the Internet. 

In the early year of 1995, Jack Ma went to the United States occasionally, and with his friend's help, he got introduced to the Internet. Then in April 1995, Jack Ma’s wife and a friend collected twenty thousand dollars and started an Internet company. Their company was dedicated to creating website for companies. Jack Ma then named their company as "China Yellow Pages." Thus, within three years, his company had made ¥5,000,000 Chinese Yuan which was equivalent to $800,000 US dollars at the time. 

In addition, from year 1998 to 1999, Jack Ma competed with the time. He headed to an information technology company established by the China International Electronic Commerce Center, which also is a department of the Ministry of Foreign Trade and Economic Cooperation. In year 1999, he decided to quit his job and went back to Hangzhou with his team in order that they founded “Alibaba.com” in his apartment with a group of 17 friends. He started a new round of venture development with 500,000 Yuan (which equal to Malaysian Ringgit of 293377.10). Moreover, Alibaba is a China-based business-to-business marketplace site which currently serves more than 79 million members from more than 240 countries and territories. 

In October 1999 and January 2000, with the great effort of Jack Ma in compete against the time, "Alibaba" won twice total of a $25 million international venture capital investment. The program was expected to improve the domestic e-commerce market, and build a perfect e-commerce platform for those Chinese enterprises especially SMEs, which is determined to meet the "WTO" challenge. Besides, Jack ma still wanted to make improvement. Due to the intension to do so, Jack ma improved the entire e-commerce system, and since 2003, he founded Taobao, Alipay, Ali Mama, and lynx etc. 

In a nutshell, “from zero to hero”, Jack Ma had competed with the time and giving great efforts since year 1998 to year 2000 until all his hard work gain success.

(Logo of Alibaba Group and Jack Ma as an Executive Chairman of Alibaba Group)