A great innovator and game-changer are the best synonyms that suit Elon Musk. How else can someone refer to the man who founded PayPal, SpaceX, The Boring Company, and Tesla?!
It doesn’t matter if you are an aspiring entrepreneur or a random employee, we all have a lot to learn from this real-life superhero.
Here are 10 success secrets from Musk’s life that help reveal how he chased his dreams so you can too.
1. Greatest Earners
Our formal education process may end in a couple of years, but self-learning never does. School learning only prepares you to confront the world out there and learn from your experiences.
“You don’t know what you don’t know. You realize there are all these things out there,” says Musk.
As a child, he was busy reading the entire Encyclopedia Britannica while we were into storybooks and kid poems. This drift has only grown much bigger through the years. Only through reading can one expand his horizons of knowledge and come up with new insights and ideas.
It’s no surprise the fact that the greatest learners are the greatest earners in society.
2. Take Risks
Musk says that the best time to be an entrepreneur is when you’re younger. As you get older, the obligations and commitments will increase and it will affect your family too.
As a young individual, you will have less time in hand, but it is the best time to take risks and go with your insights and ideas. Obligations and time commitments will always force us to not take any risks as it will affect our family and children.
Taking risks at the right time will give you unimaginable results and take you to the next point.
3. Work Ethics
Elon Musk is notorious for his work ethic, He often works seamlessly between his multiple companies without any problems.
Well, we are not saying you should do the same, but just remember Elon next time when you feel exhausted or unmotivated. He’s simply pushing his limits to remain motivated by his own life.
4. Work for a Cause
Always try to find something good in what you are doing. If you make something that has high value to people, even if it’s simple, it still has a small amount of good for a large number of people.
You don’t have to change the world to do good, but you can work for the well-being of everyone else you care about. Look for the positive cause in the work you do, no matter how small it is.
This will help you stay motivated throughout.
5. Plan for Success, but prepare to Fail too
“If you feel something is important enough, then you should try it out even if the probable outcome is failure”, says Musk. There’s no shortcut to success, even though he couldn’t predict how his company Tesla Motors would turn out.
But still, he was ready to try out what he dreamt of and Tesla motors is now a multi-billion company in the US.
6. Building a Feedback Loop
If something is working fine, it doesn’t mean it cannot be improved. There’s always room for improvement. Musk says, “It’s very important to have a feedback loop”, where you constantly thinking of something you’ve done and how you could do it better next time.
Musk’s simple piece of advice is “constantly think about how you could be doing things better and questioning yourself”. And if we are doing something, we have to face criticism.
He says, “It often reveals key insights you’d never discover on your own”.
7. Don’t Follow, Create Trends
Successful companies around the world won’t go behind any existing trends. Instead, they come up with innovations that become the trend.
They don’t try to chase the competition, they lead. Try to stand out for what makes you unique, instead of chasing other trends – be the trend.
8. Step Outside
The best entrepreneurs treat coworkers and customers like their families. Musk always expresses his gratitude through tweets, making use the social media for good deeds.
It may seem like a small gesture, but the public takes notice of it seriously. If you take care of your customer relationships, they will take care of your company, it’s that simple.
9. Create Instead of Complain
Everyone complains about the traffic block on the road every day, but have you ever thought of finding a feasible solution to the problem?
Musk did and resulted in the formation of The Boring Company which seeks to decrease the congestion on roads by building a tunnel system. Complaints are always a sign of problems to be solved. Paying attention to complaints can help in finding innovative ideas that people want.
From Musk’s point of view, building the future for yourself is the best way to achieve the outcomes you want.
10. Don’t Spend Too Much on Advertising
Musk is not a fan of advertising too much and he’s not ready to waste his resources on it. If the product is of great quality, it will lead to lots of word of mouth.
Before spending too much on advertising, think about whether it will result in a better product or service? If the answer is no, there is no point in doing it.
No matter what your goals are in life, the extra effort and self-motivation you take today will have a big impact on your life tomorrow. Musk tried the way out and now he is a real-life superhero.