Elon Musk is the CEO of Tesla and a serial entrepreneur who has been giving the world alot of innovative solutions.
Elon is also the chairman of the solar panel design company SolarCity and a co-founder of nonprofit research company OpenAI.
Innovative ideas combined with hard work has really helped Elon Musk build a colossal net worth of $262.3 billion.
If you’re looking to succeed in business, you should be smart to learn from Elon Musk’s Essential Tips.
Starting a business is a process of trial and error. Take as much feedback from as many people as you can about whatever idea you have. Musk said. “Seek critical feedback”. Ask them what’s wrong. You often have to draw it out in a nuanced way to figure out what’s wrong.”
Accept Constructive Criticism
As Musk mentioned in the 2013 Google Hangout, the constructive criticism others give you is invaluable. Sometimes critiques are hard to hear, but it’s all part of the learning process. If you want to succeed in business, learn not to take feedback personally.
This advice is useful even if you’re not trying to helm a startup. When you’re too close to a project, it’s often difficult to spot missteps, so input from others can prove invaluable.
Get Your Hands Dirty
Musk didn’t build Tesla by sitting in a corner office watching employees work. During the Google Hangout, he explained that as company leaders, co-founders and CEOs have to pitch in where necessary to keep the company afloat.
“You’ve got to do all sorts of jobs and tasks that you might not wish to do, that are not intrinsically interesting to you”. You’ve got to be prepared to do whatever it takes, work whatever hours. No task is too menial. I think that’s the right attitude for the CEO of a startup.”
Anything but glamorous, the job of the CEO can include anything from answering phones to cleaning the office kitchen when your company is just starting out. Be prepared to roll up your sleeves and get to work.
Talk Through Differences
Although it’s important that new employees share your vision, team members can sometimes become misaligned. This is not ideal, but it’s not necessarily a deal-breaker or a reason to cut the person from your team.
If a staffer starts behaving in a manner that doesn’t align with your company culture, Musk recommended talking to the person and explaining the problem. In most cases, the person will change their behavior, but if they don’t, you need to be prepared to let them go.
Have A Vision
For many entrepreneurs, the mark of success is their ability not only to inspire but also to have a clear vision.
It’s a paradox that Elon is working to improve our planet at the same time he’s building spacecraft to help us leave it. But true vision is binocular and Elon Musk is clearly a man who can see many things at once.
Don’t Focus On Money
Musk explained at the time that he didn’t co-found Tesla to earn money. Instead, he recognized the environmental need to change the way vehicles are powered, so he created an electric automobile company.
“So this is not about wealth accumulation for him personally,” “It’s just that he thinks focusing on money is a very important problem and it’s got to get solved, and if we don’t solve it we’re in trouble.”