Elon Musk’s 20 tips to start a business and be successful

Elon Musk’s 20 tips to start a business and be successful
Elon Musk’s 20 tips to start a business and be successful

The CEO of Tesla is a successful inventor and businessman, so investors listen to his recommendations when starting out. The 20 tips from the tycoon.

Elon Musk He is a successful businessman, inventor and investor, which led him to be, in turn, one of the richest men in the world in recent years according to the magazine Forbes. For this reason, investors listen to their recommendations for entrepreneurship.

He is the founder, CEO and chief engineer of SpaceX, also investor, CEO and product architect of tesla Inc.founder of The Boring CompanyCTO of X Corp (former Twitter) and co-founder of Neuralink and OpenAIalthough it no longer has a stake in the latter due to disagreements over the direction of the company.

For his professional achievements he earned the title of “South African tycoon”although he also holds Canadian and American nationalities.

Elon Musk’s 20 tips to start a business and be successful

The billionaire gave 20 tips to start and succeed in the business world:

  1. “Failure is an option. If things aren’t failing, you’re not innovating enough.”.
  2. Pay attention to negative feedback and request it, particularly from friends. People don’t usually do that and it’s very helpful.”
  3. “The motivation to create all my companies was to think about get involved in something that could have a significant impact on the world”.
  4. I believe it is possible for normal people to choose to be extraordinary.”.
  5. When something is important enough, you do whatever it takeseven when the odds are not in your favor.”
  6. “When you enter to compete in a market that is already being exploited, you must ensure that your product is not only a little better than the competition, but better”.
  7. “The brand is just a perception and the perception will match reality over time. Sometimes it will be before, other times later, but The brand is nothing more than a collective impression that we have about a product.”.
  8. “It is a mistake to hire many people to do a complicated job. Numbers will never compensate for talent.: two people who don’t know how to do something are no better than one, they will slow down the process and the task will be even more difficult.
  9. I am always optimistic, but I am realistic. I didn’t start tesla either SpaceX with the expectation of great success. I just thought they were important enough to do it anyway.”
  10. “People work better when they know what the goal is and why. It is important that people know where they come to work every morning and that they enjoy work.”.
  11. “My biggest mistake is probably prioritizing talent over personality. I think it matters whether someone has a good heart or not.”.
  12. “The first step is to establish that something is possible, so it is likely to happen.”
  13. If something is important enough, even if the odds are against you“You have to keep trying.”
  14. Don’t get distracted by thinking something might work when it isn’t.or you are going to be permanently stuck with the wrong solution.”
  15. It’s okay to have your eggs in one basket, as long as you control what happens to that basket.”.
  16. “If you wake up in the morning and think that the future is going to be better, it is a brilliant day. Otherwise, it is not.”
  17. People should pursue what they are passionate about.. “That will make them happier than anything else.”
  18. “I think we have a duty to keep the light of conscience to make sure it continues in the future.”
  19. “You have to say, ‘Well, why did he succeed where others didn’t?’”
  20. “Engineering is the closest thing to magic that exists in the world.”

Source: Ambito

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