Elon Musk has been named the Tony Stark of our time. Musk has had an impressive career so far and has no intention to slow down. Elon Musk is one of two people in the world to own a three billion dollar company. Although other entrepreneurs and high executives focus on how much money they can make, Musk focuses on how he can help humanity with his inventions. This style of thinking for the greater good of humanity has led Musk to be revered by his colleagues and entrepreneurs around the world.
Accept And Seek Criticism
Elon Musk openly looks for criticism in the things he creates. When Musk created the Tesla electric car, he sought out from his friends and colleagues what they did not like about it. Constructive criticism can help you develop a new outlook on the products you make. Compliments on your accomplishments are useful and can help you feel better about what you created, but it will not motivate you to improve what you already have. In Musk’s case, with Tesla and SpaceX, Settling for “good enough” is not an option.
Accept Failure As An Option
Interplanetary co-existence and changing the way we look at reusable energy is bound to have the risk of failure all along the way. Be prepared for failure and have a backup plan. Do not let your fear of failure get in the way of your goals.
Elon Musk seeks to hire individuals who have a knack for getting things done, and getting things done well. When it comes to hiring people for jobs and tasks, look for people who have talent in that area rather than throw as many people as you can at it. This will save you a lot of time and money in doing so.
Innovation Is Key
Musk focuses all of his time and energy into becoming more innovative than the day before. Tesla has a zero dollar marketing strategy because of Musk’s passion for research and development and being more innovative. Musk believes that you should be innovating faster than the patents that you have on your products. Innovation is the foundation of growth for a company and should be valued as its top priority.
Although this lesson may not entirely attribute to Musk, it is a quality that he puts a lot of stock into. Musk encourages people not to give up unless they are forced to stop working towards their goals.
Elon Musk is a highly successful innovator and entrepreneur. Entrepreneurs and business professionals around the globe can learn invaluable lessons from him that they can implement in their business endeavors.