Inspirational Things To Learn From Elon Musk
This post was last updated on August 9th, 2023
Elon Musk is perhaps the most inspiring and innovative public personality of the 21st Century and would have offered Steve Jobs a tough challenge. He is involved in transforming many things like driverless and electric cars, high speed public transport, and online payment systems and currently on the mission to Colonize Mars.
It is truly unimaginable to see a sole man behind PayPal, SpaceX, Tesla Motors, Hyperloop and SolarCity. Frequently described as a builder and an inventor all combined into one, Elon Musk is certainly among the biggest achievers on the planet which makes him a superb example to learn from.
Musk is a successful entrepreneur due to his acumen and diligence that must be followed and applied in all of our lives. The following are valuable lessons to learn from Elon Musk.
1. Reading Can Make You Smart, Extremely Smart
Someone asked Elon Musk “You don’t have a degree related to Aeronautics and still You founded SpaceX, the most successful private Rocket Company. How did you do all this?” He Said, “I used to read a lot.”
Musk has been an avid reader, from childhood. He believes everything is simple and can be self taught. Apparently, he went to Russia a number of times for help with the design of the rockets for SpaceX. The Russian scientists didn’t consider him seriously and played down his wild ideas. Frustrated, he learned how to design a rocket on his return flight home. Although Musk is a genius, we all can learn a lot by adopting the habit of reading.
2. Work “Super Hard”
Elon is a staunch Workaholic. He has been working 100 hours per week for many years. As per him, if other people are putting in 40 hours in a week, and you’re putting in100, you will achieve in four months what it takes them a year to achieve. An entrepreneur requires to possess that kind of work ethic.
He strives harder than is humanly possible, but even if you are an average guy working 150% more than others, it still offers you the edge.
3. Thinking Big And Out Of The Box
Viewing Elon’s history of creativity, the billionaire’s ideas don’t only create one product; they have a permanent impact on the industry. PayPal transformed the financial industry by digitizing money and rendered it easy for people across the world to transfer money online.
He does not fear to defy established tradition, coming up with unique ideas supported by proper research. Elon Musk has launched SpaceX with his own money after getting rejected by investors who viewed the company as a daydream.
Everyone advised him that he is striving for some impractical thing that won’t succeed. However, he didn’t heed people; he pursued his individual goals and turned it into success.
4. Money Shouldn’t Be Your Primary Goal
Money can be a motivator, particularly when you suffer from its insufficiency. But it is generally not a sufficiently strong or enduring motivator to acquire long term success. So, discover a better one.
As Elon Musk mentioned, “Going from PayPal, I thought: ‘Well, what are some of the other problems that are likely to most affect the future of humanity?'” Not from the perspective of, “What’s the best way to make money?”
We must have a higher goal in life than making money. Whenever you decide to start something new, focus on the difference that your idea can make to humanity. Money is a by-product and will come to you if you or your product can solve and help people with problems.
5. Never Be Afraid Of Failure
The primary reason for non-fulfilment of our desires is due to our fear of failure. We don’t subscribe to our dream jobs due to our fear of failure. We also don’t contact the person we like due to the fear of being rejected.
Elon Musk is well acquainted with failure. His 2 rocket launches ended disastrously.
costing over 60 million dollars. Nevertheless, he formulated a backup plan. He vowed that if SpaceX couldn’t succeed in the first rocket launch within an expenditure of 100 million dollars, the company would be shut down. So they had a final attempt to make it successful.
Elon has had near shaves with disaster and financial failure multiple times with Tesla and various companies he has invested in. Fear is natural and failure is short-lived. What ultimately pays is your persistence and resilience to continue despite the odds.
6. For Winning Big Be Prepared For A Lot Of Pain
This forms the crux of Elon’s success. People of his group say that they have never come across anyone having similar resilience as Musk. He doesn’t bother about setbacks and can endure all pain required to overcome all the upcoming obstacles. His personal life became a mess in 2008, his companies were encountering bankruptcy but notwithstanding all this he bounced back superbly to become the Elon Musk of today.
Elon follows the adage “When the going gets tough, the tough gets going. He has the awesome ability to work under severe pressure. He also mentions his toughness might have arisen from his hard childhood when he was bullied and beaten up by different school kids.
7. Pursue Your Passions
Elon Musk is passionate about many things, and he has unwaveringly pursued those interests. He’s utilized his fondness for technology to explore domains like fast internet, space travel, transportation and sustainable solar energy. And with each of Elon’s growing interests and expertise, his empire has increased tremendously.
Our passion teaches us the latest skills, new means to know and interact with the world. And as displayed by Elon Musk’s success, this can be of considerable benefit to both us as well as to the future of the planet.
What is your aim? What hobbies have you abandoned because you’re extremely busy? You just don’t know when something might yield results, so make provisions for the things you enjoy. Dynamically pursuing your interests like this will make you a much more interesting and complete person.
8. Master The Fundamentals And Utilize The Knowledge To Your Advantage
One of the most path breaking inventions that Elon Musk has developed is Tesla Energy. This is an initiative that designs battery packs which have sufficient power to run homes. During the advancement of these packs, he spoke with engineers and they informed him that his idea was not feasible. They said that the acknowledged methods of building batteries did not permit for such quantities of power to be collected in such small units. Elon dissented with them and practically disassembled the modern battery in order to discover ways of turning his vision into a reality. He discovered ways to modify the components of the battery such that it was inexpensive to make and stored much greater energy.
Elon challenged the acknowledged methods of accomplishing things and came up with an inventive, economical, and a new result. He encourages us to query and challenge how things are done to improve them.
9. Concentrate On The Most Important Activity Within Your Enterprise
Elon Musk, Mark Zuckerberg and Warren Buffet all have two things which are similar. They operate billion dollar firms and they understand the potential of focus. They acknowledge that it is better to target your effort on making a product better rather than concentrating your effort on how to sell it to the market. Elon specifically suggests that he would instead under-market a revolutionary product than endorse a mediocre one. Follow this lesson in your life and it can raise the quality of your products or services.
10. Mention Either Yes Or No
Elon’s powers of decision making turned out to be among his most powerful abilities while he developed an enormous business empire.
“Your choice can’t be anything in between. I have delayed making decisions, ignoring what I wanted, while in the end coming back to what I desired, and then making my way from there.
Indecisiveness drags you behind. Don’t let fear come in between. Decide and then deal with the anxiety. Think about it – we just have to decide and do it.”
Wrapping Up
Elon Musk is regarded as the most future-oriented person in the world. He is certainly a pioneer in the technological world. By pursuing his lessons of success, we can also become pioneers in our own spheres. Let’s pursue our wildest and boldest dreams to instil creativity needed to accomplish in your entrepreneurial ventures.
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Sujata Sanyal
Sujata Sanyal has been in the writing circuit for the past 7 years and has touched upon various genres like travel, health, lifestyle, a wee bit of technology, cuisine, product descriptions and a bevy of others. 1 part of her is interested in animated political discussions, 2nd part interested in studying biographies and the remainder part in love with music and socially relevant work. Too many parts?
