Elon Musk is definitely one of the most iconic entrepreneurs of our generation- thanks to his Tesla Innovation.
By being one of the most iconic entrepreneurs of our generation, Elon Musk has helped lay the groundwork for online payments.
In addition, he has also helped with the foundation of the first human trip to Mars.
And, not to forget the Tesla automobile– Tesla Innovation, which not only that is revolutionizing people’s lives, but is also revolutionizing our environment.
Thanks to his hard work, dedication and constant improvement, Elon Musk is bringing us to the following 12 lessons.
So, let’s find out what Tesla innovation is all about!
1. Money Shouldn’t Be Your Main Goal
Money can be a great motivator. But when it comes to Elon’s teachings money should not be your main goal.
It is so because money although can be a great motivator, most commonly are not strong enough.
On the other hand, money is also a not sustainable motivator when you are aiming to achieve higher goals.
For example, the leading thought that has managed to maintain Elon Musk focused all the way through was the thought of- the problems that are likely to most affect the future of humanity.
As you can see that though has led him to huge success. Actually, it was Elon Musk himself that had lost a lot of money in the past.
Yet, luckily nowadays thanks to his persistence and constant motivation he achieved to enjoy a huge success with his Tesla Innovation which later on brought him a lot of money.
As we can conclude- doing and finding the force that drives us is the only way that we can achieve our goals. And by so, to achieve success.
Hence, the money motivation can quickly dwindle. So, try to find a real motivation that will help you achieve great things.
2. Fail Forward And Have A Plan
Straight proportionally to finding a real motivation that will help you achieve great things you will have to make a plan that will help you “fail forward”.
Moreover, Elon Musk is also no stranger to failure.
Did you know that he had two rocket launches fail?
Well, yes he did have. And believe it or not it ended up costing him upwards of $60 million.
Nonetheless, thanks to his contingency plan and the vows that he has made to his company- Space X, he managed to launch his first rocket in the space. It was their final try to make it work that saved their long-year efforts and work.
Speaking of the final, third, and last chance to launch the rocket in space- Elon Musk and his company won a $6.1 billion contract with NASA– all that thanks to Tesla Innovation.
In addition, it is a real thing that most startups fail, but what we can learn from Elon Musk is that with a constant persistence and faith can bring you to. Never let any failure to kill your ambitions.
Thereupon, it is the best to look at failures as excellent opportunity to learn and to improve. It will prepare you for great success.
On the other hand, what you can do is to always have a contingency plan ready. It will help you save time and money.
Failure Is Not Defeat
As mentioned before, failure sometimes is inevitable when you are on the road to raising a startup company. It was the case with Tesla Innovation too. So, remember not to give up, because after all, failure is a big part of growth.
Moreover, when starting a company or a particular project you will always have to plan for it. Simply be ready for all types of failures.
Still, it is natural to be afraid of failure. Elon Musk himself was also afraid of failure. But, what Elon did is raise after every failure. He never waited and allowed it to hit him to fall down and to leave his dreams unaccomplished.
3. Probability Should Never Rule You
Dreams and business aspirations are for sure possible.
Yet, what one should do in order to make it happen is to be persistent and to believe in what his first aim was to do.
Moreover, it might happen that you get stuck in situations where the odds are against you. But never let probability rule you and your future business.
On the other hand, when starting Tesla Motors/ Tesla Innovation, Elon Musk aimed to create a new car company that is totally different from other car companies that we can presently see in the automotive industry.
Still, his great work and dedication have left his company is the list of non-successful businesses in nearly a century. And believe it or not, he never gave up- quite the opposite, he kept with his aims and dreams.
Elon Musk even faced with doubters on every level, yet he managed to show them that his aims can become reality. And not only that, that his aims and his future, nowadays present Tesla Motors’ business can even change the world and environment in which we are living at.
So, one should never run his life based on the odds.
Go bravely in the direction of your dreams and avoid any types of crises that you might come across with.
4. Embrace Your Worst-Case Scenario
Everyone makes worst-case scenarios. There are no secrets about that. Yet, what one should always ask himself is- what scares you the most about failure?
If you are fearing the most that failures will prevent you from truly succeeding, then you could not be more wrong.
Additionally, you should never look at the new beginning, that is to say, to start a business thinking that it will turn out to be so bad that at the end it will seem to be not even worth taking the risk.
What we can learn from Elon Musk in regards to that is that he sets the real example of embracing his worst-case scenario early on in his entrepreneurial days.
Back then Elon Musk forced himself to even live off of $1 per day. His aim was to have a clear understanding of how it is to live poorly. It was when he saw that he can make it, he knew that he can handle every defeat and failure. As you can see money are not quite issue for people who know what they want to achieve and for the ones who believe in their dreams and aims.
So, we’ve come to the point where I’m going to make you question yourself the following.
Which is your worst-case scenario?
Do you believe that your worst-case scenario can stop you from succeeding?
So, go ahead and give yourself the needed courage to take risks. Accomplishing your goals will come along with it.
5. Don’t Rest on Your Laurels
Once you make an achievement and success do not get lost on resting on your laurels.
Yes, it is quite fine to get to celebrate and to know how to enjoy your success, but you should never exaggerate with it.
Thereupon, what you should constantly do is to think about what you and your business have done- and moreover how you can make it even better. Constantly questioning yourself about how you can make things better is what will definitely bring you even more success.
It was actually Elon Musk who did not let his success linger on for too long. He is constantly on the run on making things better. Moreover, not only better for his businesses, but as well on making things better for all people and the environment.
So, what Elon Musk can let us know is that success and happiness do depend on the types of problems that you are facing with. But nonetheless, it depends more on the way how you are solving those problems and how you are challenging yourself.
Tip: Always look forward to improving yourself and your business.
6. Build solid foundation
Fundamentals are of a great importance for all businesses, especially for the startup ones.
In fact, Elon Musk himself is a big fan of fundamentals. He loves learning the basics as much as possible.
In addition, building a solid foundation can make sure that you can understand the fundamentals of your business.
Thereupon, what one should do is to boil all things down to their fundamental truths.
All in all, building a solid foundation can let you go to the roots and to understand the basics of your business. By that, you can fix any possible problems that you can be faced with.
Keep in mind on focusing on objective data.
7. Focus on impact, not money or probabilities
Focusing on money or probabilities as previously mentioned can bring you a short success. Yet soon after that, you will lose your focus and dedication too.
So, what you can learn from Elon Musk right now is to focus on making an impact. It can bring you the true drive-in making and build a strong business.
For example, you can question yourself which are actually the problems that can affect humanity and the environment? Try to solve some of these problems, so that all people can live a good life.
In addition, you can learn from Elon Musk on helping in the revolution of humans through given projects. Nevertheless, create things and businesses that can actually solve any possible issues, not businesses and things that can only bring money in your pocket.
8. Perseverance keeps you going
Getting up from falling can be really hard. Especially when you are an entrepreneur. It can even be one of the hardest things to face with.
Elon Musk was actually prone to falling down in the past. Yet what he was amazing at was facing these types of hard situations.
Although, he faced with a lot of challenges he managed to raise three companies successfully nowadays.
What we can prove from Elon’s life is that if something is really important to you – then you will give your best to beat every odd.
9. Hire people with talent and good heart
How do you hire people?
How do you select your hires?
Believe it or not, employees can make or break your business. So, be wise and hire people with talent and most importantly people that have a good heart.
In addition, Musk found out that talent cannot beat bad personalities in the working environment.
So go ahead and do not weight too much on someone’s talent and someone’s personality. Simply, find out if your candidate has a good heart. It is how he chose the employees to help him with Tesla Innovation.
10. Nothing Beats Hard Work
A good heart and hard work can definitely bring success to the company.
As we can see Musk is at the same time handling three companies as CEO, which means that he is constantly facing with different types of employees. Yet, he is constantly motivating his employees- which leads them to work hard and to understand the meaning behind Tesla Innovation.
It is only through hard work and dedication that you can achieve success.
11. Do What You Love
Throughout all of our life, we come to the realization that doing what you love is actually what can lead you to success.
Moreover, Tesla innovation is a real proof of it.
In addition, you can look at doing what you love as a cheesy motivation line that can keep you going.
So, how can you find out what you love doing the most?
When you wake up in the morning, you wouldn’t feel forced to work but you would wake up with a sense of satisfaction about what you do in life.
Each one us is passionate about one thing or the other and we owe it to ourselves and our future to at least give it a shot. The beginnings are always the hard part but when you get past that, I think you will be proud of yourself.
Life is too short to get stuck in something that you don’t believe in and keep doing it over and over again just for the sake of having the security of a job. In my own opinion, you should at least try to give your dreams a chance.
12. Constantly Question Yourself
Questioning oneself is something not many of us do. Rarely do we sit and question every single meaningful aspect of our lives and put them under the magnifying glass to be examined.
Doing so is absolutely important, however. It’s an ever-evolving world we live in and the only way we are going to maintain the edge is by constantly evolving ourselves, becoming better versions of our own selves.
Even Elon Musk, who has already achieved so much in his life is not settling and is constantly striving to improve himself. In his own words, “It’s very important to have a feedback loop, where you’re constantly thinking about what you’ve done and how you could be doing it better.”
All in all, Tesla innovation and these lessons that we can learn from Elon Musk’s life are simply innovative and can lead us to a new point of view of life, and of managing our businesses more effectively.
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