Owner of Alibaba Group Holding Jack Ma has adivised the youth to stop procrastinating on business ideas.
Speaking on Thursday at the University of Nairobi, Ma said many business ideas go down the drain for waiting too long.
If you are a real entrepreneur, you will never wait to start a business,” he said.
“The future of entrepreneurship is on the Internet. This is a challenge and an opportunity,” he said, adding: “It scares me sometimes”.
Ma, an e-commerce magnate urged the youth to be on the lookout for business opportunities.
“Opportunity always exists where people are complaining. Look for the problem. Solve it. Look for problems you can solve for the world. Start preparing and you will be a successful person five years from now,” he said.
He further noted that the internet was the best tool in the current world, and the youth should take advantage of the same.
“The rest of the world is worried of losing what it has but Africa has nothing to lose, and that is your opportunity,” the billionaire said.
“I hear people say Africa has many problems. Those problems are opportunities.”
The businessman also called on African governments to invest in Internet infrastructure.
He told Africans not to blindly ape other countries’ development models, insisting that the environment must be protected.