Elon Musk’s 5 Secrets of Success.Elon Musk grew up in South Africa, went to college at the Wharton School of Business and then moved to California and started a company, sold it for a couple million, then founded Paypal which he later sold to Ebay for $1.5 billion dollars.
Musk then went on to become the CEO of Tesla Motors and Space X, where he’s currently pushing the boundaries of human travel and space exploration. It’s quite clear that Elon Musk knows what it takes to become successful, and in his commencement speech at USC in 2014 he highlighted five points that he feels contribute to success.
Here are 5 Secrets of Success from Elon Musk’s 2014 USC Commencement Speech.
Tip #1: Work Super Hard.
“I think the first is you need to work, depending upon how well you want to do and particularly if you’re starting a company, you need to work super hard. So what does super hard mean? Well when my brother and I were starting our first company instead of getting an apartment we just rented a small office and we slept on the couch. We showered at the YMCA, and we were so hard up we had just one computer so the website was up during the day and I was coding at night; Seven days a week, all the time.
I so briefly had a girlfriend during that period and in order to be with me she had to sleep in the office, so work hard, like, every waking hour. That’s the thing I would say, particularly if you’re starting a company. And if you do the simple math, say that someone else is working 50 hours and you’re working 100, you’ll get twice as much done in the course of a year as the other company.” – Elon Musk
Tip #2: Attract Great People.
“The other thing I’d say is that if you’re creating a company or if you’re joining a company, the most important thing is to attract great people. Either join a group that’s amazing that you really respect, or if you’re building a company you’ve gotta gather great people.
All a company is, is a group of people that are gathered together to create a product or service. So depending upon how talented and hardworking that group is, and the degree to which they’re focused cohesively in a good direction, that will determine the success of the company. So do everything you can to gather great people if you’re creating a company.” – Elon Musk
Tip #3: Focus Solely on the Product or Service.
“Then i’d say focus on signal over noise. A lot of companies get confused, they spend money on things that don’t actually make the product better.
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