Elon Musk’s Inspiring Life Journey

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With SpaceX & Hyperloop Elon Musk created a lot of buzz within - but not only - the startup community. Here's what we can learn from this entrepreneur to bring our own businesses forward:

Thinking about starting your own business, but don’t know which step to take first? Here is the golden piece of advice every inexperienced entrepreneur needs to know: being aware of the fact that failure is inevitable, the ability to live with it and finding motivation to get back up is the key to success. At least, this what all successful entrepreneurs can agree with.

Take Elon Musk’s example! Born in June, 1971 with an overwhelming life journey on both personal and professional aspects, he is now working on sending people all the way to Mars!

With a difficult childhood caused by his parents’ divorce, Elon found a shelter in his books and shows remarkable intelligence as a child, which culminates with an existential crisis at 14, when he decides to find a way to save humanity. He then moves to Canada and at age 18 starts college in Ontario, follows several jobs and internships, until he decides to start a business of his own.

As you can imagine, a series of ups and downs is about to impact his life, but as you will notice, somehow, the most powerful hits he gets are to be counterbalanced by some of the happiest circumstances.

Elon Musk’s Most Intriguing Pieces Of Advice

#1 Failure

So, what can Elon Musk teach you about failure? What is his perspective on not succeeding in doing a certain task?

Failure is an option here. If things are not failing, you are not innovating enough.

#2 Motivation

Wondering how he manages to find the motivation he needs to keep the wheels of his business turning?

People work better when they know what the goal is and why. It is important that people look forward to coming to work in the morning and enjoy working.

#3 Entrepreneurship

What does entrepreneurship mean to Elon Musk?

If you’re co-founder or CEO, you have to do all kinds of tasks you might not want to do… If you don’t do your chores, the company won’t succeed… No task is too menial.

#4 Inventment

Some thoughts on investment from the man who invested in a series of worldwide known companies:

I always invest my own money in the companies that I create. I don’t believe in the whole thing of just using other people’s money. I don’t think that’s right. I’m not going to ask other people to invest in something if I’m not prepared to do so myself.

#5 Creativity

What is his perspective on creativity? Here’s his pure raw opinion:

I don’t believe in process. In fact, when I interview a potential employee and he or she says that ‘it’s all about the process,’ I see that as a bad sign. The problem is that at a lot of big companies, process becomes a substitute for thinking. You’re encouraged to behave like a little gear in a complex machine. Frankly, it allows you to keep people who aren’t that smart, who aren’t that creative.

It makes you think, doesn’t it? How do you find this perspective on things? Is it inspiring enough to make you start your own business and apply these principles?

 Funders & Founders on Elon’s start

elon musk


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Photo credit: Heisenberg Media via Visualhunt / CC BY