Elon Musk is a respected and exemplary name by many entrepreneurs. One of the founders and shareholders of giant companies such as SpaceX and Tesla, Musk has exceeded $ 30 billion. So how did Musk achieve this? Here are the recommendations to entrepreneurs from the famous entrepreneur Elon Musk.
Care about feedback
Every work done develops by trial and error method. At this point, Musk emphasized the importance of the recommendations in the Google Hangout event in 2013. “Get feedback from as many people as you can about any of your ideas, ask repeatedly what’s wrong, if necessary.” he noted.
Be open to criticism
Musk is aware of that criticism is not a hostile approach towards us but a useful tool to get us forward if we pay attention to it. “Sometimes it is difficult to hear criticism, but they are all part of the learning process. If you want to be successful in business, you need to be open to criticism and constructive. Sometimes it can be hard to see what’s going on. An outside eye can make important inferences. In addition, this advice is important for every person, not for entrepreneurs.”
Take the bull by the horns
According to Musk, company leaders, founding partners and CEOs should not hesitate to shoulder responsibility when necessary to keep the company up. “You have to do all kinds of tasks that you would not want to do, which are not interesting to you. You should be ready to do whatever it takes, to work for hours. I think this is the right attitude for the CEO of an initiative. ”
The team is everything
It is important for Elon to be able to adapt while hiring new employees. Emphasizing the importance of teamwork, Musk says, “It is important for everyone to understand what the mission is, what the goal is, and when they join the company they are hired in line with this overall goal. Once the goal is clearly defined and understood, employees are now doing what they believe. Therefore, if you work with the wrong team, it is very difficult for you to succeed.”
Start at a young age
In an interview with Forbes, Musk says, “It can take quite a while to succeed, so you should start as young as possible. During your youth, you have the power to take risks and focus your energy on growing your business without the life responsibilities. As you get older, your responsibilities increase and can prevent your job.”