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What makes Elon Musk a successful entrepreneur?

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What makes Elon Musk a successful entrepreneur?

Influential and charismatic people have a big impact on the masses basically due to their phenomenal success, mind-blowing innovation, extraordinary skills, power, and the huge income they earn and enjoy. They are the fortunate few who are looked up to by the millions of success aspirants worldwide for inspiration.

The most influential businessmen of today who create news through their comments, actions, and decisions; include Elon Musk, Warren Buffet, Jeff Bezos, Bill Gates, Larry Page, Steve Jobs, Travis Kalanik, and many more.

Talking about the modern day influential entrepreneur whose tweet can create a whirlpool in the markets across the nation, Elon Reeve Musk is the world-renowned American business tycoon and investor having numerous businesses in various modern sectors. He is one of the most successful and powerful influencing business leaders who has created numerous benchmarks through his innovative business strategies.

As we ponder on Elon Musk’s success journey and his successful traits, it is revealed that he has been very differently accurate in his business decisions. Let’s identify some of the interesting aspects that had been the distinct factors in his success as an entrepreneur and light on Elon Musk Leadership style.

Big Thinking of Elon Musk

The open mindset of big thinking is one of the prime factors of his success. Elon Musk always had big plans and big dreams. He believes in the fact that big dreams prepare us for a higher level and demand higher work output with different thinking. Big thinkers think from a vast and macroscopic perspective which elevates the entire process from thoughts, plans, working, actions, implementation, and results.

In 2016 Elon Musk founded The Boring Company in Los Angeles. The company is an infrastructure and tunnel construction services company having numerous ongoing and proposed projects exclusively designed for intra-city transit systems. It has completed two tunnels in Las Vegas for loop travel.

Elon Musk is currently the angel investor, CEO, and principal architect of Tesla Inc. In 2004, he was an early investor in electric vehicle manufacturer Tesla Motors, Inc. (now Tesla, Inc.). He became its chairman and product architect, eventually assuming the position of CEO in 2008. In 2006, he helped create SolarCity, a solar energy company that was later acquired by Tesla and became Tesla Energy. He planned for one of the most advanced, highly efficient, and luxurious electric vehicles that would revolutionize the electric vehicle industry and change the perspective of the people looking at electric vehicles as an efficient and reliable source of clean energy.

In 2015, Elon Musk co-founded OpenAI, a non-profit research company promoting friendly Artificial Intelligence (AI). The company is into AI research and deployment on a mission to ensure artificial intelligence benefits all humanity.

Extremely Decisive

Elon Musk is a quick thinker and fast implementor. He is very action-oriented and likes to act as quickly as possible on the plans. He is a multi-tasking person who sets many actions as he expects things to happen that can be done. Elon Musk believes that a lot of information can be processed simultaneously through fast work. Except for a few cases, this quality increases his decisiveness giving him a competitive advantage.

Elon Musk is an efficient person who applies rational thinking, physics, and science in deriving quick solutions without allowing ego, favouritism, and politics in the purely professional business ecosystem. Elon believes that action leads to clarity, and inaction creates doubts. He was impressed by one quote, “Make a decision and then make it right.”

The recent news about the Elon Musk Twitter acquisition made waves across the news verticals. Earlier, he planned the acquisition of the world’s most popular social media platform, which he cancelled, citing certain feasibility issues. The Twitter management had sued him for backing out of the deal. However, he has refuted all the allegations.

Strong Work Ethic -Futuristic Goals

Most people want to be successful, and they easily say it too. But there is a handful few who are desperate to become successful and are ready to do everything that it takes. Referring to a proverb, “If you kind of wants something, then you’ll kinda get it.” No matter how much one wants something, if the work ethic doesn’t match the goal, they cannot achieve it. Simple. He has a reputation for outworking the work as he has worked 16-hour days for years; it becomes feasible if it is done with a ‘matter-of-fact’ attitude.

Elon Musk believes in working to justify the business goals. Does the work ethic match the goals should be the question? Investors believed in his aggressive work ethic and his attitude toward getting things done.

Knowing Mission Clearly

Elon believes that there is a shortage of passionate people with excitement and inner fire to do something important to them. He took up a different mission of giving humans the plan B of living on Mars. For some, it sounded crazy, but it didn’t matter to him as it was an important mission. Most tasks seem crazy until someone does them and shows the way.

In 2002, Musk founded SpaceX, an aerospace manufacturer, and space transport services company, of which he serves as CEO and Chief Engineer. Visualizing the mission to be fulfilling as a reality, Musk is committed to the mission and has invested his funds, building a team in his company SpaceX and collaborating with numerous astrophysicists in moving forward.

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