The secrets of Elon Musk's success

Work like you're in Hell"

Elon Musk often works from 80 to 100 hours a week. Excessive persistence greatly increases the chances of success.

If others are working 40 hours and you are working 100 hours, in 4 months you will achieve what it will take them a whole year to achieve and you will be at an advantage.

"Explained by Musk."

Take risks in your youth.

Musk advises taking risks, especially while still young. He explains this by saying that as one ages, the number of responsibilities increases, so it's best to take risks early, while there is still no family and children.

Be kind.

Tesla and SpaceX.

Elon Musk earned $180 million by selling his startup PayPal. This money was enough to buy a house and live securely for the rest of his life. But Elon Musk invested this money into his next companies: Tesla and SpaceX.

100 million dollars in SpaceX.

70 million dollars in Tesla.

10 million dollars in Solar City.

Don't be afraid of failure.

It is interesting that even Musk himself did not believe in his company Tesla - he thought that it was more likely to fail, but still he took the risk. He explained his decision by the desire to change the world's perception that electric cars are slow and ugly.

If something is very important, try even if the likely result is failure.

Masks said.

Never stop learning.

Musk believes that in this world of limitless knowledge there is always something new to learn. Even as a child he read the entire "Britannica Encyclopedia". Even today he spends several hours reading.

Invest in product improvement, not advertising.

Mask believes that instead of advertising, money and time should be spent on improving the product.

Will these efforts lead to an improvement of the product or service? If not, I will cease these efforts.

– Explains Musk.

"Tesla never spent money just on advertising."

Instead of this, they focus on investments in R&D and design. A good and quality product will already be its own advertisement.

Make the world better.

Mask believes that a successful product or service is one that is useful and has a certain value to users. This value can be found in a small game or app that allows for photo sharing. Understanding the usefulness of one's work is motivating.

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