Elon Musk is a very successful person being a successful entrepreneur,to successful engineer.........he is just an unbeatable person with lot of experience and expertise to share ........
From his book "first principles " I have bought a few success principles.....
Elon Reeve Musk FRS is a technology entrepreneur, investor, and engineer.
He holds South African, Canadian, and U.S. citizenship and is the founder, CEO, and lead designer of Spacex;co-founder, CEO, and product architect of Tesla, Inc.;co-founder and CEO of Neuralink; founder of The Boring Company;co-founder and co-chairman of OpenAI;and co-founder of PayPal.
In December 2016, he was ranked 21st on the Forbes list of The World's Most Powerful People.He has a net worth of $22.3 billion and is listed by Forbes as the 40th-richest person in the world.
Success principles of Elon Musk :
1. Never Give Up
Elon Musk, as an entrepreneur, also had his share of setbacks. SpaceX experienced failures on its mission to resupply the ISS. A rocket failure that exploded after a launch destroyed a cargo capsule intended for the space station. However, this did not stop him for continuing what he envisioned his company to be and what it aims to provide. Today, his company is the largest private producer of rocket engines in the world. It has received contracts from NASA to develop US astronaut transport capability.
"When something is important enough, you do it even
if the odds are not in your favour."
2. Really Like What You Do
He suggests going into a profession, career, business or undertaking that one naturally is attracted to. He believes that if a person really likes what he is doing, even though he suffers failures and setbacks, he will not be easily discouraged. Also, a person who has genuine interest in a project or field will naturally gravitate towards it, will be focused to it and will not be easily distracted.
"There's nothing - I've bought everything I want.
I don't like yachts or anything; you know, I'm not a yacht person,
and I've got pretty much the nicest plane I'd want to have."
3. Don’t Listen to the #LittleMan
Elon recommends that when people have set their minds into doing something great, they should avoid listening to those who will try to stop them. Some of their friends may try to discourage them out of their own fears. In this case, it is best to stay away from these negative influences that will try to hold people down or minimize their chances of doing great things.
"The factory is the machine that builds the machine."![]()
4. Take a Risk
He believes that younger people are in the best situation to take bolder risks. Those who have just graduated from college or those who are just starting with their careers have the best opportunity, simply because they may only need to worry about themselves. As they grow older, and have a family, they now have to consider other people that may be affected by their decisions.
"Stationary storage will be as big as the car business long term. The growth rate will probably be several times what it is for the car business".![]()
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5. Do Something Important
When Elon invested in Tesla, he was not entirely sure that the company will succeed. However, he believed in the vision of the founders that electric cars do not have to be unattractive. He also got involved in the design of the cars themselves. In short, because he believed in the idea, he should at least give it a try even though the most likely outcome is a failure.
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"As you heat the planet up, it's just like boiling a pot."![]()
6. Focus on Signal over Noise
He believes that companies should be able to distinguish on which efforts directly contribute to the betterment of a product, and which efforts do not. Once people have identified which ones are contributing to a better product, they should focus on that. Efforts that do not necessarily make a product better is considered noise, and should be stopped.
"I think most of the important stuff on the Internet has been built. There will be continued innovation, for sure, but the great problems of the Internet have essentially been solved."![]()
7. Look for Problem Solvers
Elon gives advice on what to look for when hiring, and he recommends looking for the problem solvers. To know who these people are, he asks questions how they solved their particular problems several layers down. He believes that the people who are able to describe what happened up to the deepest level are the ones who were really involved in solving the problem. Otherwise, those who were not really involved would not be able to tell.
"I wouldn't say I have a lack of fear. In fact, I'd like my fear emotion to be less because it's very distracting and fries my nervous system."![]()
8. Attract Great people
A company is just a group of people, according to Elon Musk. And the most important thing in building or joining a company is to attract great people and to be with them. He believes that the success of a company is largely determined by how talented, hardworking, and how focused cohesively in a good direction these people are in creating a great product.
9. Have a Great Product
He advises that in whatever people are doing, they should have a great product or service, with emphasis on great. In offering a product or service in a market where there are existing competitors, that product should be much, much better than the others. It cannot be just a little or slightly better. Otherwise, consumers will just prefer the trusted or familiar brand.
"Facebook is quite entrenched and has a network effect. It's hard to break into a network once it's formed."![]()
10. Work Super Hard
In starting a company, Elon warns that people should be ready to work ‘super hard’. From his own experience, he describes ‘super hard’ as working hard every waking hour, every day, seven days a week for a time, especially when he was starting. He made sacrifices against comfortable living in order to put resources in aid of his business goals. He believes that the person who worked doubly hard will, in the end, get twice the work done.
"Even if producing CO2 was good for the environment,given that we're going to run out of hydrocarbons, we need to find some sustainable means of operating."
Conclusion:
People who are successful today, such as Elon Musk, did not rise to the world spotlight because of uninterrupted triumphs, one after another. They all experienced setbacks, but they were resilient enough to get back up and try again. In fact, they tried many times, and in the process, they learned many things also. These ten rules are not the only rules for success, but we hope that learning ten more things will help get you on your way.
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