How to Create a Company | Elon Musk’s 5 Rules
“Starting and growing a business is as much about the innovation, drive and determination of the people who do it as it is about the product they sell” — Elon Musk.
Here’s what others had to say:
Elon’s seriously on another level! Keep grinding everyone best of luck!
Elon Musk is the main reason I stopped partying and wasting on luxuries when I was 17. I started selling cellphone accessories on streets. Now I am making my own Online Retail Econmerce store in a month. Thank you Elon
Elon Musk is a great example of resilience.
“Success is not final; Failure is not Fatal; It is the courage to continue that counts.” – Wintston S. Churchill
its great how after selling a company for 300 million he could have been set for multiple lives yet he chose to continue to better the human race with all that money. the man is truly brilliant.
1-Work hard every waking hour
2-The right product(untaped markets r better)
3-Hire great people
4-Signal over noise(spend on things make productor service better)
5-Take risk noe(analyse time to take risk before u have obligations)
Best lessons i ve heard for starting a bussiness
When I see good videos like this I usually take out my time to appreciate the experts that make these videos possible, it is not easy to help lots of people earn money.
It’s crazy how Elon’s work in itself is changing people’s life, not even speaking of Tesla, PayPal or SpaceX. He has motivated and changed so many young people’s life. His ambition and vision is what make people want to go out and make a difference, well done Musk, you are a blessing to society.
Vision is also vital to creating a company, without a vision it will be a journey without destination.
Hard work. A disciplined mind. And also tremendous obsession over what you are doing plus a large amount of accountability will help you to work very hard. Creating a new market where the metrics that matter most are not the ones your competition focuses on is vital to creating a product outside of your competition’s space. A good book for this is Blue Ocean strategy. Or you can create a brand new product that is 10x better in the metrics of other products that create the same result. Zero to one is a great book if you want to utilize this strategy. Getting a great team: books about leadership and psychology are must reads. Also the practice of appreciative inquiry with your team is needed. You have to get your team to have skin in the game as well, specially in the beginning. Lastly, focus on having a great customer experience, the best source of marketing is word of mouth.
Starting up is never gonna be easy, but understanding the market and the value of your investment and business is very important, not everyone will be lucky to fail and get the chance to try again. Mentorship and guild is a win win approach for me.
The time i decided to start my own business is when i realized i work hard and im very useful to my employer, i got the thought of working hard for myself, channel my skills into growing my company, i have successfully completed few projects at the moment, looking forward for more…
Amazing video! Thank you so much, this content is very helpful for someone who is just starting their business! I have recently run my own enterprise. I started using the Firmao CRM system. It is much simpler as the system is tailored to my business. I hope my business will be successful as well. Best regards 🙂
Knowing the difference between creating a business and creating a company, can prove to be the thin line between success and failure.
There is so much that small businesses need to adapt to, in order to thrive in a competitive market.
Great video. But let me talk about something important, I see many young and old make mistakes that I think should not be. I believe that everyone, young or old, should have an investment plan that increases their financial returns from three figures to six figures. The investment can be your retirement plan or future plan, depending on what you want, but what matters most is that you have an investment that is profitable.