You Can learn a lot of lessons from Elon Musk. Specially if you are an Entrepreneur or student!!!
He is probably the most inspirational and innovative public figure of the 21st Century and would have given Steve Jobs an inferiority Complex. He is responsible for transforming many things such as electric and driverless cars, online payment systems, high speed public transport and now on the quest to Colonize Mars!!!
It is really unbelievable to see a single man behind Tesla Motors, SpaceX, Paypal, SolarCity and Hyperloop. Often described as an inventor and a bilder all packed into one, Elon Musk is definitely one of the greatest achievers on the planet which makes him a Great Example to learn from.
This man is a successful entrepreneur today due to some traits and diligence that must be understood and applied in all of our lives. Today, we’ll boil down 7 Valuable lessons we can learn from Elon musk.
1. Reading Can Make You Smart, Very Smart
When 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 a Voracious reader, since childhood. He believes everything is simple and can be self taught. Apparently he went to Russia a few times for help with the design of the rockets for SpaceX. The Russian scientists didn’t take him seriously and rejected his wild ideas. Frustrated, he learned how to design a rocket on his flight back home. Although Musk is a genius, we all can learn so much by cultivating the habit of reading.
2. Work “super hard”
Elon is a hardcore Workaholic: he has been working 100 hours a week since a lot many years. According to him, if other people are putting in 40 hours in a week, and you’re putting in 100, you will achieve in four months, what it takes them a year to achieve. That’s the kind of work ethic an entrepreneur needs to have.
He Works Harder than humanly possible buteven if you are an average guy working 150% more than others, it still gives you the edge.
3. Thinking big and out of the box
Looking at Elon’s history of creativity, the billionaire’s ideas don’t just create a single product; they have a lasting impact on the industry. PayPal changed the financial industry by digitizing money and made it simple for people everyone the world to transfer money online.
He is not afraid to go against established tradition, emerging with exceptional ideas backed up with proper research. Elon Musk has initiated Space X with his own money after being refused by investors who saw the company as a daydream.
Everyone told him that he is working on some impractical thing that will fail. At that time, he didn’t listen to people, he believed in his own goals and made it successful.
4. Money Shouldn’t Be Your Main Goal
Money can be a motivator, especially when you don’t have enough of it. But it’s usually not a strong enough or sustainable motivator to achieve long term success. Hence, find a better one.
As Elon Musk said, “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 Fear Failure
The main reason why we don’t get what we desire is because we are afraid of failing. We don’t apply for our dream jobs because we are afraid we’ll fail. We also don’t approach the person we like because we are afraid of rejection.
Elon Musk is no stranger to failure. He had not one, but two rocket launches fail miserably, costing upwards of $60-million. However, he created a backup plan. He vowed that if, SpaceX, couldn’t get the first rocket to launch by the time they spent $100 million successfully, they’d close down the company. So, they had one last attempt to make it work.
Elon has had close shaves with disaster and economic failure several times with Tesla as well and many other companies he has invested in. Fear is normal and failure is limited, having the persistence and perseverance to continue despite of failing is what makes you stand out from the crowd.
6. If you want to win BIG then be prepared for a lot of pain
This is the key to Elon’s success. People close to him say that they have never met someone as resilient as Musk. He doesn’t care about setbacks and is able to endure whatever pain is needed to overcome all the obstacles in his way. In 2008, his personal life was a mess, his companies were facing bankruptcy but despite all this he bounced back brilliantly to emerge as the Elon Musk we know today.
When the going gets tough, the tough get going, Elon is one of those. He has the splendid ability to work under extreme pressure. He also says his toughness might have come from his tough childhood when he was bullied and beaten up by other school kids
7. Follow your Passions
Elon Musk is passionate about a lot of things, and he has shamelessly followed those interests. He’s used his passion in technology to explore fields like space travel, fast internet, sustainable solar energy and transportation. And with each of Elon’s increasing interests and skills, his empire has grown tremendously.
Our passion teaches us new skills, new ways to understand and interact with the world. And as Elon Musk’s success shows, this can be of great benefit both to ourselves as well as to the planet’s future.
What is your purpose? What hobbies have you left behind because you’re too busy? You never know when something might bring results, so make room in your life for the things you enjoy. Actively following your interests like this will make you a far more interesting and well-rounded person.
The real-life Tony Stark is constantly trying to make the future better for everyone and that is one of the most valuable lessons we can learn from Elon Musk. Use these lessons to fuel your entrepreneurial dreams, and keep moving forward even when the odds are not in your favour.
We could all take a few pages out of Musk’s book and push a little harder for the goals we’re currently focused on.
If you found this list of 7 Valuable lessons we can learn from Elon Musk inspirational, do share it with your friends and spread the knowledge. Which one of these did you like the most? Let us know in the comments below.