5 Top Secrets of Elon Musks’ Success
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If you are a fan of technology, entrepreneurship, cars, or even space travel and its news, the name Elon Musk should look familiar. The South African businessman is the founder of Tesla Motors, which aims to popularize electric cars; and SpaceX, which aims to revolutionize aerospace travel. Today, Musk has an estimated fortune of $ 20 billion, which makes him the 53rd richest person in the world, according to Forbes.
But none of this came without a lot of work, dedication, and obstinacy. Musk has already revealed in several interviews the heavy and exhausting routine that he undergoes every day to take care of three companies and still reconcile his professional and personal life. As a result of so much success, the methods that Musk uses to run his business are being thoroughly evaluated by those who want to think like him.
- Organized and Regulated Routine
Like everyone who has already achieved his goals in life, Elon Musk has a regulated routine and does not stop working on any day of the week. The entrepreneur starts working at 7 am and dedicates half an hour a day to answer the emails he received, so as not to harm the chores of the people who need his answers.
Your schedule is extremely organized to optimize your time, easier tasks such as answering emails divide your time with your daily chores such as, for example, taking care of children, or even having lunch. Despite having a stable life and successful companies, Musk was not accommodated and always seeks professional growth, works between 85 and 100 hours a week, alternating days between the companies where he is CEO and other activities, always seeking to organize the routine and maintain all chores in line.
Having to take care of several companies at the same time, it is natural for Musk to schedule his day in a very specific and detailed way so as not to end up getting lost and wasting time. He divides his day into small spaces of 5 minutes, prioritizing engineering, design, and manufacturing: 80% of the time is dedicated to these areas.
With a tight schedule like Elon Musk, staying organized and making the most of your time is essential. That is why the tycoon is always thinking and asking himself how it is possible to do things in the best way to get the most out of it with the least amount of time. A Musk tip for this is to do the tasks in “batches”, that is, unite two or more tasks that can be done together, such as replying to emails while having lunch.
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Surely you must have heard that somewhere. However, Musk not only listened but also put it into practice in a unique way. In an interview, the businessman claimed to have read the entire British Encyclopedia when he was just nine years old. In addition, he also explained that books played a crucial role in his life, to the point of feeling that he was created by them.
As a teenager, Musk even read two books a day, on different topics, including science-fiction, philosophy, religion, and programming. And, it was this thirst for knowledge that allowed him to become exposed to a variety of subjects.
Part of Musk’s success is due to the fact that he was able to acquire knowledge in more than one area and transfer it and apply it to another field of study or work. Bringing together different areas of knowledge in order to develop another field is crucial to making a difference. Musk does it very well, and so can you.
No idea evolves alone. In many cases, even, they depend on the consuming public for this. To create a relationship with him, Musk decided to use Twitter to post messages of thanks. The result: a simple, organic, and effective interaction.
Embrace long-term goals
One of Musk’s most famous features is his tendency to set incredibly ambitious deadlines for his company’s projects. He uses “elongated” goals as a way of changing perception: “The first step is to establish that something is possible, so it probably will be,” he says.
While he is not building rockets and revolutionizing the automotive industry, Musk is sending emails. He is extremely clear, concise, and direct in his emails and always sends messages with updates, forms of communication, vision, and mission of the company, as well as tips on how to be more productive.
Elon Musk is not satisfied with where he is now. His company has achieved enormous achievements, but he knows that there is always room for more growth in any area. According to the executive, there is always a better, faster, or cheaper way of doing things.
Surround yourself with the best
In addition to a bachelor’s degree in economics and physics, Musk has experience in a wide variety of fields. Despite this, he is aware that he does not have all the answers and receives advice from people on a regular basis. Even if he doesn’t agree with the opinion of others, the entrepreneur says that “you should at least want to listen very carefully to what they say”.
Surrounding yourself with the best will help you plan for success and also be ready to fail.
In fact, we don’t always get all our investments right. On the other hand, as Musk himself says, “if something is important enough, you should try it even if it fails.” When we have a plan B, it is much easier to recover from failure.
You find something good in what you do by having the right people on your circle. You don’t have to go around “saving the world”. But, looking for a positive cause in your work will be enough to increase your motivation. “If you do something of high value to people – it could be a game or a slight addition to the photo sharing system – something that benefits a large number of people, it’s already great. Things don’t have to change the world to be good. ”
Develop a Growth setting
In 2004, Musk called a supplier to find out the price of an electromechanical actuator. The vendor asked for $ 120,000. Based on the root cause, Musk figured out what components were needed and asked Steve Davis, who now works at SpaceX as director of advanced design, to make one actuator from scratch for less than $ 5,000.
Davis spent nine months designing and building device, which cost $ 3,900 and flew into space in a Falcon 1 rocket. Musk is never satisfied with the current situation. His companies have achieved great success, but Musk knows that there is no limit to perfection – in all areas. You can always do better, faster or cheaper.
This is called growth, an important skill that sets successful people apart from everyone else. By developing this attitude, you will know that you can learn anything if you put in enough effort. And if you fail, you will approach the problem from the other side until you find a working solution. You will try until you succeed.