5 Business Lessons from Elon Musk

Business network

Elon Musk, the master innovator and a personality who have inspired millions by his work in the field of science and technology. For him it’s not only about doing business and making money, it’s way more than that. He is the one who cares for the world and wants to impact the world positively and create a sustainable future for all of us. His recent commitment towards working in the energy sector to meet the growing energy demand and lowering carbon emission at the same time has created hope for the people for a better future. Whether its artificial intelligence, electric cars or space vehicles, he has marked his presence more effectively than any other person in the field. Being, so much successful, he has many lessons to give to all those who want to pursue their dream and follow him. Here are 5 business lessons from Elon Musk.

  1. Ideas are only as good as their execution

It’s not just about having a great idea in business. A well planned execution is equally important. Having an idea, and a proper business model to urn that idea into real business offering financial returns is what makes a person a good leader and innovator. Leaders not only think but execute well too.

  1. World changing innovations can come from anywhere

An innovation has no boundaries when, it strikes someone it can be anywhere and to anyone having the ability to think beyond his ability to do something great. Musk’s hyper loop idea is a very good example in this regard.

  1. Dare to be different

It takes a lot of guts to rise up and walk alone. Being different is often, mocked upon and rarely people withstand that pulling back and give up somewhere in their life. To do something great you have to be different from others in your thinking and in your approach to the way you view things around you. Being different does not always means you will be successful, but yes you have to rise up from the bunch to reach the top, and that is not possible unless you have something unique in you.

  1. Don’t hide from criticism

Everyone in their life face criticism. There is no single person on this earth who is liked by everyone. You cannot grow in life without facing that criticism and overcoming it by taking constructive feedback out of it and neglecting the useless stuff. Critics make you strong and help you to improve upon your weaknesses. Every single innovative idea that has changes the world, was at some point of time criticized by others. But this does not stops them from growing further.

  1. Network and connect

In this era of globalization, networking is a powerful tool that is going to help you grow your business by building strong relations with people in your niche and collaborate with like minded ones. Connect with as many people as possible because you never know from where you can get that innovative idea that can be of use to you and can change your business forever.

Anum

Anum Yoon is the founder and editor of Current on Currency. She loves all things personal finance, which is why you'll find her work all over the PF blogosphere.

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