Elon Musk is currently the richest man in the world and one of the most successful entrepreneurs ever to live. Over his career, Musk has shared many gems in interviews that have been distilled into 15 key tips that will help aspiring entrepreneurs hone their personal attributes, start-up mindset, hiring mentality, and people management skills in order to achieve success.
1. Request feedback
2. Accept constructive criticism
3. Get your hands dirty
4. Talk through differences
5. Hire for cultural fit
6. Ask meaty interview questions
7. Don’t let naysayers get you down
8. Have a vision
9. Get rid of process
10. Don’t focus on money
11. Be passionate about what you do
12. Get started while you’re young
13. Only do it if it’s right for you
14. Be realistic
15. Distinguish your brand
According to Musk, the key to success is remembering that no job is too menial for a CEO, deep questions weed out poor job candidates, enforcing business process leads to keeping employees that aren’t intelligent enough, and chasing passion rather than money is essential. Musk is also a big advocate of sticking to your vision, requesting feedback, and not being afraid of criticism when you get it. Rather than letting it get you down, you must act to fix your flaws.
Musk’s current net worth from his multiple ventures (including SpaceX and Tesla) is currently $238.6 Billion.