Elon Musk – a billionaire twice over – believes holidays can be killing. Passion, hard work, innovation and understanding about your work are the most important traits.
Who could have expected a South African born individual to become a billionaire, not once twice, in an industry that is more closely associated with the fictional or the dream products? But our expectations and reality could be different. Elon Musk is an example that we should be looking towards and following him to generate billions of dollars.
Let’s take a deeper dive into his life and see what made him so rich.
Born in South Africa in 1971, he is not only an engineer but an investor and technology entrepreneur as well. He actually needs no introduction as his companies speak for him. A large number of companies, including Space X, Tesla, PayPal, The Boring Company, Neural ink are on his account.
Forbes list of 2016 also ranked him in the top 25 most powerful men of the world. Most of the projects that he has entered are examples of the technology revolution. He always thinks a step ahead and creates a product that is not even part of the imagination of an ordinary individual.
Why is everyone talking about Tesla and SpaceX, what is so special about them? This is what we have in our minds as well, so let’s explore it together in the next section.
What is SpaceX?
The basic idea about the start of the company was conceived by Elon Musk. He wanted to start a project of growing food crops on Mars. In order to get this project into working, artificial creation and storage ofthe greenhouse project were to be done under the name of Mars Oasis.
Now in order to put the project into execution, rockets and ballistic missile for paying off load were required. So, as a young entrepreneur, Musk tried to find the raw material most suitable for this purpose. However, after various attempts, his efforts were not taken quite seriously. He also rejected a few of them, considering them to be too expensive.
With all this hassle, Elon Musk came with an idea to make his own rockets and space shuttles to pursue his own missions and this is what Space X is all about.
A higher focus of the company is on the research, so that a secure and safe visit to space and other planets in the solar system could be launched. Launch vehicles and spacecraft are the major products that the company owns. Definitely, some of the strangest products that you can think of even when starting a billion dollar company. Isn’t it?
Currently, the company is focusing on reducing the cost of spaceflight so space flights can actually be made commercial. For a common individual, it is no way less than a movie scene. But the company is making real progress in it.
The original Tesla Motors was incorporated by Martin Eberhard and Marc Tarpenning, in 2003. It was around a year later that Elon Musk made his entry into the company as the chairman of the board of directors. In 2008, the financial crisis and the related problems in the management of the company made him have the CEO and the chief architect position of the company.
Amazingly, this company has been growing since then and Elon Musk has actually become the longest serving CEO of any automotive manufacturing company. Another astonishing thing about the company and involvement of Elon Musk is that, even here Musk is trying to introduce as much innovation in the industry that its actual implementation is just a dream for the general audience. But again, Musk and his team in the company are converting into a reality.
Currently, the aim of the company is to build a half a million electric cars. Additionally, a new plant of the company was started in China at the start of this year. And that is by far the biggest plant of the company outside the US.
These are just the two most prominent companies that Elon Musk autobiography would actually list. There are a lot of other startups and companies are also under his ownership. Even those companies have played a role in building him what he actually is. Even these later startups that we have discussed are because of the investment that he earned in the initial startups. So, he has always been working and in quest of launching a better idea and a more unique one every time.
What makes him so successful?
This is another question that you should be thinking about. Obviously, he is an ordinary human. How does he manage to get time to run multiple businesses and focus on each one of them to a level that he is a billionaire at the moment?
After reading various interviews that he has given to different channels, magazines and newspapers, the most important thing that we have identified is the passion. He is passionate about work. He knows what exactly is he doing what he is up to. This passion can be reflected from one of the interviews that he gave to Gayle King. He stated that: “I don’t have time to go home and shower,”
In 2018, he was found to be sleeping on the production floor of Tesla to ensure that Model 3 cars were ready on time.
So, being a CEO of the company doesn’t come with a lot of ease. You need to show your dedication for a task to actually get it done. An advice on passion from Elon Musk for you is:
“When something is important enough, you do it even if the odds are not in your favor.”
b. Hard work:
Another trait that Elon Musk autobiography would most probably highlight is the hard work. Passion without hard work can never pay you off and this is something you should learn from Elon Musk.
Going on a vacation is not the thing that he would advise you to do when you are a CEO of the company. He himself has taken holidays twice since 2005. So in approximately 15 years, nearly two week off. Isn’t it marvelous?
“The first step is to establish that something is possible; then probability will occur.”
Again, one of the sayings of this true entrepreneur, highlighting the way he makes things work him.
Obviously, we are talking about a technology entrepreneur and a true innovator who has actually been making odd things into reality. So, you can very well understand how important would it be for him to innovate.
This ability to innovate actually ensures the establishment of a new and specific market to serve. In most cases, the purpose of innovation is to cover a market gap and for Elon Musk autobiography, starting SpaceX company is definitely one such innovations. Because of this innovation, he has actually trying to make space travels commercial.
Obviously, in reaching this stage, not each of the ideas presented by these technological giants were a great hit and this is why Elon Musk highlights that:
“Failure is an option here. If things are not failing, you are not innovating enough.”
d. Know what you are doing:
Another important thing that has actually made Musk a billionaire twice is actually his control and understanding about what is being done. He is not merely doing things because he wants to generate profit out of it. Profit comes as a side product of a successful venture. But for that, you should be in full control of the venture.
This is quite a bold statement when it comes to risk and the usual perception that we have towards but here is what he has said:
“It’s OK to have your eggs in one basket as long as you control what happens to that basket.”
Not everyone can make such a statement, you must actually be knowing that what is going on and what consequences would it bring in. this is why it is said that becoming a billionaire is not that easy.
e. Motivate through leading:
One of the incidents that we have highlighted above to show the passion of this great leader was his stay in the production facility for managing the car manufacturing. It is also a way to motivate the workers and to make sure that there are no glitches involved in the entire process in any way.
How have we got to know this about the leader that we are talking about? The following statement by Elon Musk is going to figure that out for you
“I could either watch it happen or be a part of it.”
And this is something portrayed by most of the leaders for most of the entrepreneurs that have established position in the market believes in leading from the front and they try their best to ensure that they set examples for their employees and the other people that are following them to do so for the generation of higher productivity, in all terms.
What is in it for you?
Here we are talking about the conclusions that you can draw from the life of a billionaire who earned all his income from technologically advanced companies. And the companies of the sort that others couldn’t have imagined. Firstly, the above traits and skills are some of the essentials that you must have, if you are a business owner. They can actually help you in going through the difficult situations while running your own business.
Apart from that, relying on the industry norms or the things that are already there, won’t earn you enough success and money that Elon Musk has actually attained. The ideas that he used were out of the box. Despite the non-approval of the people around him, he still stuck to them. The result is that today we can actually believe whatever technological innovation he is going to talk about.
From all of this discussion, you can also deduce that you shouldn’t be focused on proving your strength to the people. But you should start your journey and your success would speak for you. If you still have any doubts about, then reading Elon Musk autobiography in complete detail should be your first priority.
We have been highlighting a number of entrepreneurs in our articles. From every story, the main thing that we deduce is to strive hard for what you believe in and the success will be yours. You can follow the stories of some other brands and companies for motivation.
If there is some business, leader and entrepreneur that we should write about, then you can mention the names in the comment section. And we’ll try to bring you the informative articles on their lives too.