10 rules of success by Elon Musk Elon

 Of course, it is worth listening to the opinion of a great person regarding life philosophy, priorities, and attitude towards the work you do. And surely you can highlight 100 and 1000 theses, formulas, and secrets of success from the founder of Tesla and Space X, but we will probably focus on 10 key messages. 

 1. Do what you love. 

This recommendation is not new and almost all successful people say the same thing – to do what you love. And then, even when difficult periods come in life or business, it’s easier to overcome the dark times because your passion inspires you.

You are more likely to succeed in something you love to do, something that occupies your thoughts even in your free time, than in something you don’t enjoy and do only for work. 

 2. Don’t retreat and don’t give up. 

Tesla was on the brink of bankruptcy and its Falcon rockets were experiencing repeated failures in unsuccessful launches. But Elon Musk believed in success and used the setbacks as experience, drawing the right conclusions and improving the technology.

“I never give up, I must see the job through to the end!”
Elon Musk.

 3. Accept criticism, but don’t pay attention to the opinions of ordinary people. 

Friends wish you well, and you shouldn’t reject their opinions, but… everyone evaluates things based on their own understanding and perception of reality. And if you have a global mindset that goes beyond what’s around you, they may consider you crazy, and your projects may fail. Yes, the risks are high, but believe in yourself and what you’re doing. The progress of civilization is driven by the deeds of those who dare to think big. 

 4. Present an idea. 

“I never thought that Tesla would be successful at all. I believed that we would most likely fail. But I decided that, at the very least, we would be able to challenge people’s false stereotypes that an electric car had to be boring, ugly, and slow like a golf cart. There are important things worth doing despite the likelihood of failure.”
Elon Musk.

 5. To take risks.

 It’s easier to take risks when you don’t have responsibilities towards your family, children, or subordinates. And it’s better to take risks when you’re young and only responsible for yourself. However, taking risks, even with a lot of responsibility, often results in success. 

 6. Focus on the content, not the cover.

 Many companies spend a fortune on creating brands, logos, packaging design, and advertising, often at the expense of the quality of the product itself. It is important to consider what investments will be valuable to the customer.

“We have never spent money on advertising, but have directed funds towards technical components and design of the machine.”

Improving the quality of the product or service is the main task. 

 10 Rules of Success by Elon Musk.

 7. Attracting outstanding people.

 At the initial stages of creating a company and throughout its development, it is essential to attract outstanding professionals to the team. Any company is primarily made up of people who come together and are united by a common ideology, values, and goals.

The overall success of a company depends on the quality of its high-class employees, the effectiveness of communication within the team, and the level of dedication to a common idea. 

 8. Creating a quality product. 

You need to be confident that whatever we do, it should be a quality product or service. Put yourself in the customer’s shoes and think, why should they buy this? What makes this offer better than the competitors? Then you’ll understand that your company’s offer must be much better than the competitors. Not just a little better, but significantly better. Slightly better won’t work, it needs to be much better.

 9. Don’t be afraid to be afraid. 

Feeling fear is normal. Threats exist and difficulties cannot be avoided. It is another thing to feel that something is important enough and that you can do it despite your fears. If you accept all possible outcomes, it reduces your fear. 

 10. Work super hard. 

This means that it’s necessary to focus all your attention on work and developing your business. Work diligently constantly, and only sleep can interrupt such work. If someone works 50 hours and you work 100 hours, then you can accomplish twice as much, with all other things being equal. And if you work even more efficiently, improving your qualifications, then you can multiply these indicators.

Learn from the best and be the best!