Entrepreneur Stories
Elon Musk Life Lessons
Elon Musk, through his life, has worked to ensure his dream comes true every way possible. Be it for founding PayPal, Tesla or SpaceX, Musk has always put his heart and soul into every company he started. The twist in the tale here? He has worked with renewable energy in a way that helps not just him, but the rest of the world as well. To inspire yourself on a dull day and learn things from the man behind Tesla, check out these inspiring life lessons!
1. Have a vision
Every great leader always started with a vision in mind. The power of a vision is simple. It lets you create a path you are sure you want to walk. When Elon Musk founded PayPal, he created a revolution in terms of online transfers world over. He had such a great vision, he refused to stop despite people thinking his idea was going to fail. Have a vision so great and extraordinary that you keep moving forward despite every hurdle and roadblock. .
2. Money isn’t everything
None of the people who made it to the top ever did it for the money. Sure, the piles come as an added perk but there is a greater satisfaction. Focus on the difference you will make in the world and on the kind of impact your creation will have on the rest of humanity. Everything Musk has worked on, has had a lasting impression on the rest of the world. Be it PayPal, the Boring Company or SpaceX, Musk hasn’t worked with only earning money on his mind.
3. Learn to take criticism
When you are growing, it is important to take criticism from those around you. Just like exercise, it is tough to get used to it in the beginning but as time goes on, it becomes an addiction of sorts. Staying content isn’t going to get you anywhere but when you take criticism the right way, you can learn and improve what doesn’t work. When Musk had the vision of interplanetary co existence for SpaceX, stopping with minor success stories isn’t enough to grow and become what it is today! Like Musk says, “You should take the approach that you are wrong. You should work toward being less wrong.”
4. Understand the fundamentals and challenge reality
Right from the very beginning, Musk has always challenged the fundamentals of life and broken down things he couldn’t understand to their core. When he first started working with batteries, he would work down to the core of the elements (like cobalt, nickel, aluminum, carbon, polymers, and a steel can) to understand how the battery worked. Only after getting to the very core of the situation, can you understand how things work and create something unique. If you don’t understand something, don’t stick to what you see. Instead, dig deeper and get to the root.
5. Make failure an option
Unfortunately, our society has been conditioned in a way that failure is labelleled to be a bad thing. When you start a company with an extraordinary vision, you have to be prepared to accept failure is part of the course. If you’re too worried about failing, have a list ready for the recovery process. Write down the worst case scenarios on one side and on the other, write down the solutions for these problems. Don’t let the negatives hold you back from what you set your mind on.
Focus on the good things in your life and not the. Accept what you can learn from those around you and do not be afraid of failing. If you think we missed out on any other lessons from Elon Musk, comment and let us know!
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