How Richard Liu Learnt from his Mistakes

China is slowly taking charge of its role in the global economy. Many investors around the world now value doing business in China because of the profits they will get at the end of the day. The Chinese have improved in business skills too. More professionals from the nation are running very successful businesses. Richard Liu is a top business executive born and raised in China.

Unlike other successful billionaires who chose to invest and live overseas, Richard Liu Qiangdong is loyal to his country. His company is, and it has already enjoyed success in the China market years after its introduction. Without the business mogul in leadership, the online retail platform could not make it in business. Richard Liu is focused and hard-working. His business has helped many companies inside and outside of China.

Richard Lui career started decades ago when he was at university. The young student was taking a course at Renmin University, and he saw a business opportunity in the restaurant sector. Liu opened his first venture just close to the main campus.

Being a student in sociology did not stop the business executive from venturing in business. The young executive was making some money from computer programming, and he knew that the same was going to happen in the food industry. Several months after the restaurant was set up, it failed miserably. Apart from being poor in management, Liu failed in many leadership responsibilities.

The staff working for him used the money given to run the food business, leaving its founder in losses and huge debts. The failure of the business in the food section prepared the successful investor for the market. Throughout his career in business, the executive tries to avoid making similar mistakes in his business. Being present and taking on the management roles seriously has helped to emerge successful for years.

About Liu Qiangdong: