Elon Musk is one of the most recognized names in the world today, Forbes lists him as the 12th richest person in technology and 21st in the world’s most powerful person as of 2016.
If you don’t know about Elon mush which you probably should know, he is the CEO and CTO of SpaceX, CEO and product architect of Tesla Motors and chairman of SolarCity. Elon Musk has an estimated net worth of 20.1 billion making him the 80th wealthiest man in the world.
Musk’s futuristic thinking has gained him a great name in the world of entrepreneurs and space, car, public transport spaces. It’s not very easy to become such a talismanic character but if you too have the passion and want to rack up a net worth of billions in your backpack. Then the closest thing you could do is to follow the footsteps of Elon Musk.
Musk read rules to make your first millions
10. Never give up
As we all know giving up is never an option, if you fail it is always better than sitting idle because your failure shows that at least you are doing something. As we all know that it is a failure that leads us to success.
What we just have to do is not to give up as said by Elon Musk himself “I would have to be dead or completely incapacitated to give up”
09. Really like what you do
You may get the best job with a hefty package but there is always a chance that you will lose and fail to accomplish what is expected from you. Therefore you should really like what you do so that it is always to and fro in your head and you never lose attention.
As said by musk “it is very important to like what you do if you don’t like it, life is too short”.
08. Never listen to the little man
If you have faith in yourself and you know you are in the right path then you should never even care to listen to the haters. In fact, haters are a positive sign that you are doing something good.
As said by Elon Musk himself ”we are doing this thing which seems unlikely to succeed and we have been fortunate that at least that thus far they have succeeded “.
07. Take risks
While giving a commencement speech to the University of Southern California Marshal school of Business musk told that it is this time when we are young and we have the desire to do something.
It is the time when we don’t need to think about kids and family, as we grow older our obligations increase, he said: “take the risk now and do something bold, you won’t regret it”.
06. Do Something Important
Musk himself thought that Tesla would not be successful, he thought that they will fail but he had the mindset that even if they fail they would change the perception of the people that electric cars need not be so boring and it can be formed in the coolest design possible.
I. E if something is important enough you should always give a try even if the probability to fail is greater.
05. Focus on the signal rather than the noise
On your way to greatness, there will always be a lot of noise but you need not ever focus on that noise and concentrate on what your real motive is. There will be a lot of noise lingering over you but your capability to avoid them will trace the pathway of success for you.
As said by musk “At Tesla we never spend any money on advertising. We put all the money on R&D and manufacturing and design to try to make the car as good as possible”
04. Seek out problem solvers
Musk believes in seeking out people who can solve a problem, he always believes that the quantity of employees doesn’t matter what matters are how the employee handles any problem given to him.
As he said “it is a mistake to hire a huge number of people to get a complicated job done, numbers will never compensate for talent in getting the right answers, two people who don’t know something are no greater than one”
03. Attract great people
If you want to get success either join a group of great people or gather a group of great people who will always influence you in a positive way.
As musk said “depending upon how talented And hardworking that group is, and the degree to which they are focused cohesively in a good direction, that will determine the success of the company. So do everything you can do to gather great people if you are creating a company “.
02. Have a great product
Having a great product is as important as having our everyday meal. Because it is the product which will represent you and your firm. If you enter a market where there is already a large number of competition, for you to compete there it is your product which will make you different from them and will attract the consumers.
As said by musk “you’re always going to buy the trusted brand unless there is a huge difference, and most of the time the entrepreneur’s will come out with something which is slightly better if it is slightly better than it is not better, it got to be a lot better”
01. Work “Super Hard”
What do you think is super hard, it is not simply trying to work hard, super hard refers to working every hour you’re awake and always trying to be productive until and unless you taste success.
Musk said ”work like hell, I mean you just have to put in 80 to 100 weeks every week I.E if other people are putting 40 hour work per week and you are putting 100 hour work per week and even you are doing the same thing you will achieve in 4 months, what it takes them to achieve in a year”.