Elon Musk's secret to business success; 6 success secrets

Let's know Elon Musk what the secrets of success in any business are

Elon Musk, head of US technology company Tesla, has become the richest man in the world, surpassing Amazon's founder Jeff Bezos.

The total value of the owner of 'Tesla' and SpaceX has crossed the total value of $ 185 billion after the electric car company's share price rise.

In this article I am writing about "6 secrets of Elon's success".

1. Don't think about earning money only and

This role is a reflection of Elon Musk's behavior about business. When someone canvassed him in 2014, he said he didn't know how rich he was. 

He said, 'It is not as if there is a pile of cash. It is just that I have a certain number of votes in Tesla, Space X and Solar City and these votes are important in the market. '

Elon Musk is not against those who are eager to make money. They say that the wealth must have been 'provided that it is moral and good', but they say that this thing (wealth) does not encourage them to move forward. Certainly their behavior is working.

His electric car company, Tesla, has done a special performance. The company's shares have increased over the past year and has reached more than $ 700 billion. And you can only buy companies like Ford, General Motors, BMW, Vox Wagon and Fayyat Crisler, through the value of Tesla, and you will still save money to buy francs.

But the Musk, who has turned 50 this year, does not expect that he will remain rich until the last time of his life. He believes that most of his money will be spent on construction of a base on Mars, and even if all his accumulated capital on the project is not surprised, he will not be surprised.

In fact, like Bill Gates, he also believes that if his life is such that there are millions of rupees in his bank, he will consider it his failure, because that would mean that he better the money. Was not used in a style.

2. Chase your hobbies

Like Bill Gates, Musk also believes that if his life is such that millions of rupees are deposited in his bank, he will consider it his failure.

What Elon Musk considers the key to success, the base on Mars is a great example of this?

They told him, 'You want to improve the future. For this you have to do these new interesting things that improve life. '

Take the example of Space X. Elon Musk told me that he established the company because he was disappointed that the US space program was not as determined as he should. He said, "I kept expecting that we would go beyond the earth and bring people to Mars, and build a base on the moon and start regular flights to orbit."

When that could not happen, they brought the idea of ​​'Mars Oasis Mission (Oasis on Mars)', which was intended to send a small greenhouse to the red planet. The idea was to persuade people once again to inspire space, as well as persuade the US government to increase NASA's budget.

When they were thinking of going away from the ground, at the same time they realized that the problem was not 'lack of desire but a lack of guidance and sources'. Space technology is also expensive than thinking. And here it is where the world's cheapest rocket launching business began.

And the important thing here is that this business was not started to make money, but the purpose of it was to safeguard a person on Mars. Musk told him that he views himself as an engineer rather than an investor and says that what he encourages to get up in the morning is a desire to solve the technical problems.

Instead of collecting dollars in a bank, this is the measure of development, their scale. They know that if their business resolves any obstacle, it means that it will help everyone who was trying to solve the same technical problem.

That is why Elon Musk announced shortly before our meeting that he was opening Tesla's patents to accelerate the work of making electric vehicles around the world, which means that his way to make electric vehicles. The car and whatever they know about, are ready to share with other vehicles maker.

3. Don't be scared to do something bigger

One of the amazing things about Elon Musk's business is how fearless they themselves are. They want to revolutionize the car industry, want to settle the population on Mars, they want to run high -speed trains in vacuum tunnels, want to connect the Artificial Intelligence to the human brain and further advance solar and battery industries. Yes.

All their plans are imaginary concepts about the future that you may have seen in the children's magazines in the early 80s. Their lair business is called a boring company. They do not refuse to hide the fact that books and films read in South Africa had a significant impact on them.

The third business tip of the Musk is that 'don't back down.' He believes that the structure of most companies is a lack of commitment. He said that many companies are 'advanced'. He says' If you are the CEO of a big company and want to make some slight improvement, but it takes more time than expected and it doesn't even improve the work, no one will blame you - You can say that this was not mine, the supplier was a mistake. '

Still, you'll surely be fired," If you're a valorous person and really want to ameliorate but your plan isn't going on." They say that is why most companies focus on improving their existing products, rather than dare to fully imagine new projects.

So their suggestion is to make sure you are focusing on doing important things. Want to accelerate the energy speed from the fuel.

About this, he said: 'We are digging deeply to gas fields and oil wells that have not been paid attention to since the Cambrian era. The last time it was done long ago. So the question is, is this a wise move? ' Secondly, they want to ensure the long -term survival of humanity by living a population on Mars and making life possible on more than one planet.

As Interviewer said, grow thinking.

4. Be ready to take the risk

This is clear. You should be encouraged to suffer in any business to perform better, but Elon Musk has taken more risk than others.

Until 2002, he sold his shares to his first two business companies, including PayPal, an Internet City Guide and an online payment company, Zip 2. He was about 30 years old at the time and had about $ 200 million in the bank.

They say they planned to put half of their wealth in business and save the remaining half. But everything is not the same as you thought. When I met him, he was emerging from the darkest period of his business life.

Their new companies faced all kinds of difficulties. The first three launches of Space X had failed and Tesla faced production, supply chain and design issues. Then the financial crisis came.

Musk says they had to choose 'I could either save money but in this case the companies were definitely about to end, or invest in what I have and in this case I expected to get a chance. ''They made money.

He told him that at one point he was so debt that he had to borrow from friends to pay for his daily expenses. So did the possibility of bankruptcy intimidate them?

He says that did not happen: 'My children probably have to go to public school. And there is nothing big, I myself I read from a public school. '

5. Do not listen to the critics

The thing that surprised Elon Musk, and he is still very upset with it, was that his critics and commentators expressed their happiness over their failure.

Musk says, "There were several blog sites here that were watching Tesla ended."

Interviewer told them that maybe people wanted to see them fail because there was a kind of arrogance about their ambitions. They rejected it. They say, 'If we had said that we were definitely going to do so, it would have been proud, but we said that we wanted to do so and we would take full force for it.'

This shows us the next secret of Musk's success in business and that is, 'Don't listen to critics.' They told me that when they were setting up Space X or Tesla, they were not sure they would ever make money from it and the truth is that no one else would have thought so.

But they ignored the desperate and moved on. Why? Remember that this is the person who decides his success on the basis of how many important issues he has solved, not how much money he has made.

Think about how independent this person is. On the failure of a big project in which he has a lot of wealth, he is not worried about what he looks foolish and how much money he was wasted, but instead he has fulfilled the important ambitions. Thinks about This makes the decision -making much easier because it can focus on the one who believes that it is really important.

And it seems that the market likes their work. In October, US investor Banker Morgan Stanley reported Space X $ 100 billion. The company has radically changed the economy with regard to space flight, but the most proud of the Musk is how his company has resurrected the US space program.

Last time, his crew dragon rocket transferred six astronauts to the International Space Station. This was the first mission to travel from the US soil since the space shuttle retired in 2011.

6. Have fun of life

If you follow this guide and give a little luck, you will be amazingly rich and famous. Then you can slowly start coming out of your shell. Elon Musk is known for his passion for working. They are proud to work for 120 hours a week to keep the Tesla Model 3 preparation on track, but after our meeting, it seems that they are enjoying life.

On social media, he has been under considerable controversy due to defamation cases, drug use on TV and angry responses.

In 2018, he fell into a dispute with the US financial regulator when he tweeted that he intends to privatize Tesla and when Kodod forced Tesla to close his San Francisco Bay Area factory during the 19 pandemic disease. When it was done, they became a strong opponent of the virus -controlled sanctions.

He termed the virus panic on Twitter as 'foolish' and termed the orders to stay at home as 'forcibly imprisoned', saying that they were 'fascists' and constitutional rights violations. In the summer, he announced plans to sell his personal belongings, saying it 'reduces your morale.'

A few days later, he went to Twitter to tell the world that he had named his newborn son X-A-12 Musk.

But it seems that his unexpected behavior did not affect his business and he is a determined businessman as before. In September, Musk claimed that within three years, Tesla would build an automotive (auto -cars), which would cost $ 25,000, and also said that soon all the company's new cars fully automated. Or auto -matric.

And in December last year, his year ended with an explosion, when Space X tested his starship launch vehicle. It is hoped that it will first take humans to Mars. The rocket exploded six minutes after the elevator.

Elon Musk described the test as a "tremendous" success.