Famous Entrepreneurs

Elon Musk Quotes on Creating an Empire

Written by SPI Group

When it comes to people in Technology transforming business we cannot forget about Elon Musk. Elon Musk is one person who can be said to have revolutionised many things in business with his ideas. If you are still wondering who is Elon Musk, well here is a little information about him.

Elon Musk is the CEO of Tesla. He is famously known as the serial entrepreneur and who keeps on winning on everything that he lays his focus on. He is one the most forward thinking entrepreneur of the recent times. He started off with establishing X.com which later moved on with Confinity to become Paypal. However he is well known as the co-founder of the electric automaker Tesla. He has also been involved in launching SpaceX which is a rocket company that will allow people to live on other planets. Now this is what ambition should look like.

Elon Musk is also the Chairman of a solar panel design company namely the SolarCity and is a co-founder of the non-profit research company named OpenAI.

Elon Musk’s net worth stands at $18.9 billion dollars. Here is a look at some inspiration from this technology entrepreneur to give you the much needed encouragement to pursue your business dreams in an ever changing technological world.

1. Distinguish Your Brand from the others who are Pursuing a Similar Dream:

The business world is full of entrepreneurs who are brimming with ideas to share and work on. It is natural that what you dream of might be something that another person does too. How do you stand out in the midst of this competition? Well, by telling your story in a different way than the others. Elon Musk says:

“If you’re entering anything where there’s an existing marketplace, against large, entrenched competitors, then your product or service needs to be much better than theirs. It can’t be a little bit better, because then you put yourself in the shoes of the consumer… you’re always going to buy the trusted brand unless there’s a big difference.”

2. Be Realistic:

Entrepreneurship is something that one cannot be unrealistic about. Yes, the fact that you are your own boss and have a lot of dreams might tempt you to aim for where it is not possible to reach. Following this Elon Musk says that one should be realistic about their dreams.

“Firstly, being an entrepreneur has been overly glorified in movies and TV shows, but for the most part, running a company is difficult. Most of us are not ready for it or are more interested in the idea of being an entrepreneur rather than actually be willing to put in the work to become one.”

3. Follow Your Dreams Only if it Feels Right:

It is easy to dream but not easy to actually work on some dreams. Before you start your journey it is important that you ask yourself if you have it in you to do it. Sometimes, you have a dream but you also need to have the passion that will fuel your dreams in hard times. Do you have it in you?

Elon Musk says, “I think it’s very difficult to start companies, it’s quite painful,” A friend of mine has a good phrase for doing a startup: It’s like eating glass and staring into the abyss. If you are wired to do it, then only do it, not otherwise. So think of it this way — if you need inspiring words, don’t do it.”

4. Be Passionate when it comes to your Business:

To be successful one needs to be passionate about his/her work. Success do not come to those who work half-heartedly. Following this Elon Musk says that “If I got a bunch of money tomorrow, it wouldn’t change my life. There’s nothing — I’ve bought everything I want.”

5. Get Involved:

When people look at an entrepreneur all they see is the success. The car, the fat bank account and the name. But what they miss out is their hard work. Being an entrepreneur looks good but one needs to understand that it takes a lot of hard work to be a successful entrepreneur. Some people who aspire to be entrepreneurs also forget about this fact and get into business thinking there are others to do assist him/ her in creating the dream. But to be successful an entrepreneur needs to get involved.

Elon Musk says, “You’ve got to do all sorts of jobs and tasks that you might not wish to do, that are not intrinsically interesting to you. You’ve got to be prepared to do whatever it takes, work whatever hours. No task is too menial. I think that’s the right attitude for the CEO of a startup.”

6. Handle Differences:

Being an entrepreneur is not easy and there are people in a team who might not even want to share the same vision with you. It is important to take in what people might have to say but at the same time it is important that the people in a team share the same company vision.

Differences that arise according to Musk must be talked about directly and both the parties need to come to a conclusion that suits the company.  He says that an entrepreneur must not hesitate to ask a person to go if his/her opinion affects the company.

Many entrepreneurs look up to Elon Musk as that entrepreneur who has evolved the technology scene in the business world. The struggles of every entrepreneur however remains the same. The start might be different but the journey involves the same things. He is an inspiration especially to those tech entrepreneurs who wants to make it big, who wants to follow success the way Elon Musk has. He is a great inspiration to look out for. His messages has a lot to help those aspiring tech entrepreneurs the needed inspiration to believe in their dreams and go ahead. Empower your thoughts with his example and make success your partner.

 

About the author

SPI Group

An integrated platform created to serve entrepreneurs and service providers. SPI engages with over 100,000 Entrepreneurs & Senior decision makers through a unique combination of cutting edge business magazines, high profile B2B summits and conferences, strategic alliances with Govt, business associations and government bodies. SPI also leverages the power of digital marketing and social media.

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