10 Lessons from ELON MUSK for Entrepreneurs 💵
-
▪️1. The hardest part is coming up with the right questions. Once you've done that, everything else is very easy. I came to the conclusion that we should strive to expand the limits of human consciousness in order to learn how to ask the right questions.
▪️2. In physics there is a concept of fundamental principles. You dissect reality down to its fundamental foundations. And you start building arguments from there. It requires much more mental effort.
▪️3. I don't want to be the grandfather who can't check his email. But I'm unlikely to do a new Internet business in the future. It seems to me that I should direct my efforts towards creating things that can positively affect the future of mankind.
▪️4. I like to be involved in things that will change the world.
The first thing I always think about is whether what we know about something is true. Maybe there is some other explanation? I have been doing this since the first grades of school. I have always disputed everything. This drove the parents crazy. I never believed them and always demanded to answer the question "why?". Then I tried to see if their answer made sense.
▪️5. Constantly think about what you could do better and ask the right questions.
▪️6. I worked from morning to night. He lived in the same warehouse where he rented an office, and took a shower in the locker rooms of the local stadium. But I saved on renting an apartment, and in the first two most difficult years I kept the company afloat. Work 80-100 hours a week. This will increase your chances of success.
▪️7. People who know me tend to have a good opinion of me. In general, until I fired them, they always have a good opinion of me.
▪️8. Tesla Motors is named after Nikola Tesla because we use some of his inventions. This guy definitely deserves more recognition from society. However, to be honest, I always liked Thomas Edison more because, unlike Tesla, he was able to bring his inventions to the mass market and make them available to all mankind. Tesla failed at this.
▪️9. I think it's a mistake to hire a huge number of people to get a complex technical product. Quantity will never make up for talent, but will generally slow progress and increase the cost of a product.
▪️10. When Henry Ford began to produce cheap and reliable cars, people did not immediately accept him. It was a huge risk and it paid off.
