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Elon Musk is a South African entrepreneur and philanthropist, founder of PayPal, SpaceX and Tesla, who has lived in the United States for many years. He is currently the CEO and CTO of SpaceX, CEO and Chief Architect of Tesla Inc. and a member of the board of directors of SolarCity. Its capital for 2018 is $ 22.4 billion. Musk is called a man of success who wants to change the world for the better, thinks about the future and is not sad.
Bemorepanda collected all his advice that should be followed, in order to become successful and rich in our nowadays society.
Here are 10 principles for you to follow in 2021, so to become a successful businessman:
1. Never give up
Elon has suffered many setbacks as an entrepreneur. For example, his company Space X had significant barriers to creating a space rocket that would be much cheaper than previous ones - it would be reusable and could return to Earth. Millions of dollars were lost when rockets exploded. However, Musk did not give up. Today his company is the largest privately-owned rocket engine manufacturer in the world. He signed a contract with NASA to develop vehicles for American astronauts.
Elon plans to further conquer space and send a man to Mars. He believes that if we can reduce the cost of transportation in space, we, as humanity, can achieve great success.
“I have a samurai psychology. I would rather choose hara-kiri than lose, ”Musk says.
2. Do what you really enjoy
Choose a job, career, profession, business, field of activity in which you are interested. Elon believes that if someone really likes what he does, he will never give up, despite his mistakes and failures. If you love your job, you always think about it, you are drawn to it like a magnet. A person who follows their passion and has a real interest in some activity will be more focused and focused.
3. Don't listen to "little people"
If you have chosen a more difficult path and want to do something important, then you should avoid people who criticize you and predict failure. Sometimes even close friends and relatives can dissuade them from their plans based on their own fears and limitations. It is better to stay away from such advisors who will try to stop you and limit the chances of great things.
4. Take risks
Elon Musk believes that young people are more inclined to take risks. Even if they fail, they still have time to correct their mistakes. Students who are graduating from universities or just starting their careers have more opportunities and time to experiment, as long as they don't have children and big commitments. Later, they must take into account not only their own interests, and this can influence decisions and approach to risk. Stability and security will become more important to them. While you are young, full of strength and desire, take risks! Later, you may wish you did this.
5. Do something important
When Elon Musk invested in Tesla, he did not know if the company would succeed. However, he believed in the founders' main idea that electric vehicles could be attractive and that this was the future of the automotive industry. Elon wanted to change the attitude of people towards electric cars. He was faced with a difficult task: to convince society that this is not just a golf cart, but a full-fledged means of transportation that will replace a car. Musk took an active part in the design, believing in the idea. Undoubtedly, it was a big risk, and the chances of defeat were great.
If something is really important to you, you have to make up your mind and do it, even if the possible result is failure.
6. Focus on signals, not noise
Elon believes that companies should be able to distinguish between which efforts directly contribute to the improvement of their product or service, and which do not. When people identify the elements, the factors that add value and make the product better, they should focus on them. Efforts that do not actually improve the product should be considered “noise” and should be stopped as soon as possible as they consume time and other resources. In Tesla's case, the investment goes primarily to research and design to make the cars as comfortable as possible. Significantly less finance is allocated to advertising.
7. Look for people who solve problems
When employing people, pay attention to whether they can solve problems. It is best for the person who is applying for a certain position to tell what he managed to do on his own. Elon thinks if people can describe in the smallest detail what happened, what were the reasons and what they did about it, then they participated in solving the problem. If the answers are superficial and not very specific, it is likely that the person was not actively involved in solving the task. The people who actually solved the problem never forget how much effort it took.
8. Attract successful people
According to Elon Musk, a company is just a group of people. The most important thing in starting a company is finding and attracting successful people and working with them. A company's success is largely determined by how talented, hardworking, and goal-oriented the people who create it are. Great teams make great products.
9. Build a good product
Elon says that no matter what others do, you have to create a great product or service. Big companies are built on big products. If you want to work in a market where you already have competitors, you must offer something much better, much better. Otherwise, consumers choose a reliable and well-known brand.
10. Work hard
Elon warns young entrepreneurs who are just starting their own businesses that they must be prepared for very hard work. It's about working hours, every day, seven days a week, especially if you're a budding entrepreneur. Work as hard as possible, this increases the chances of success. If others work 40 hours a week, and you work 100 hours, then in 4 months you will reach what it takes them a year to do. It takes a lot of effort and sacrifice, saving and investing in your business. Musk believes that a person who works hard redoubles their efforts towards others. At the end of this journey, much more will be achieved and realized.
Successful people like Elon Musk did not appear in one day or month thanks to their continuous series of successes. All great entrepreneurs and businessmen had many defeats and losses, but they were resilient, did not give up, rose and continued on their way again.
COVID-19 has stopped many people's businesses by quarantining many parts of the world. In addition to losses due to business interruptions, businessmen cannot pay rent and pay salaries to their employees, because they have nothing. A leather goods store recently opened its doors for the first time in two months since the introduction of a nationwide quarantine, and what the owner saw did not make him happy.
As if the quarantine was not enough blow to the business, the owner of this store in Malaysia opened his doors 2 months later and found a sad surprise.
A Facebook user named Nex Nezeum recently shared several photos of various leather goods covered in insane amounts of mold.
Shoes, bags, wallets, belts, and even furniture and floor coverings were moldy - a truly depressing sight for a store owner.
Back in March, Malaysia decided to introduce quarantine in its country in response to the COVID-19 pandemic
Minor businesses like Nex's store have been closed until further notice.
But on May 10 - 53 days after the start of quarantine - the country relaxed quarantine conditions and allowed some businesses to reopen their doors.
When Nex entered his store, he saw that everything from shoes and bags to furniture and flooring was covered with mildew colonies.
The owner of the store is still in shock and does not comment on this incident.
But people on the Internet suggested that this could be due to the fact that the ventilation stopped working, which was turned off while the store was not working.
The only plus in this situation is that Nex's photos went viral, collecting over 11,000 likes in just a day, and were circulated in various media.
Of course, the store owner is not in the mood for jokes, but netizens were humorous, saying that this is a good way to find out if it is real leather or fake.
A little later, Nex posted a few more photos, which show that the cinema is also captured by mold.