Elon Musk for a large group of people is considered as an example of entrepreneurship and a benchmark of success because he is the creator and founder of different recognized companies such as PayPal, Tesla Motors and Space X which have worldwide recognition and trajectory.
Therefore, his constant search to undertake and make a difference has opened a path for him to form companies in different fields throughout his life as we have commented in our previous article entitled Know the history of Elon Musk, in addition, this has led to his success, however, like every entrepreneur, he has also had failures that he has known how to solve and therefore the importance of his advice that will be described below.
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Taking risks
For Elon Musk it is important to take risks, as it was in 2008 when he was facing the financial crisis and only had 3 million dollars, at that time his company Tesla was affected and had a great working team to which to have to make payments, many people would have considered proceeding with the closure, however, Musk did the opposite because he put all the money he had left in said company and with a constant work he managed to get the company out of that crisis and stay afloat.
Persist
One of the main Elon Musk’s rules for success is the perseverance because he considers that this determines how successful you can become. For example, this entrepreneur had to go through a large number of obstacles to reach success, such as obtaining capital, studying marketing to improve their companies, fighting competitors, getting special permits, overcoming bureaucratic obstacles and seeking constant growth of his business, all these are elements that he achieved by persisting and therefore the importance he gives to this quality.
Chasing dreams
Musk considers that it is not useful to execute some business idea halfway, that is, if you intend to execute a Project, you have the requirements and you carry it out, it is important to know that there will be failures along the way but you must continue with that dream and visualize how the end would be.
Read books
From a young age, Musk was a book lover, of researching and acquiring knowledge, in fact at a very young age he had read all the books in the library of the city where he grew up; that is why he considers that being able to acquire knowledge and keep an active mind with reading is very important when starting and maintaining a business.
Provide attention to customers
From the moment you decide to create a Company, it is necessary to pay attention to the focus that you want to give and the customers; for Musk the ability to understand the needs of customers is essential in the growth of a Company because this is the niche of the market where potential customers are located, understanding them will make success much easier and much likely.
Prove yourself
For Elon Musk, when talking about entrepreneurship, he considers that it is normal taking certain risks that occur naturally in the process because of the fear that new and unknown can cause, however, he explained that this fear does not have to stand in the way of the decisions that must be made in order to move forward and continue on the path. Musk states that people should not think about the fear that causes them to do something because it is often a limitation to success.
Having a sense of humor
Having a good sense of humor allows you to comply in a certain way with the above- mentioned rules since it allows you to take risks, persist in what you want to achieve, seek to achieve dreams even if incidents occur by testing and paying attention in a pleasant way to customers, Musk believes that by having a good sense of humor it will be possible to overcome the obstacles that arise in the business.
What do you think about this topic? Would you apply these tips from Elon Musk in your daily life?
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