Elon Musk: If you want to succeed, you have to work hard

43 year old Elon Musk, known as the founder of PayPal, Tesla Motors and SpaceX, as well as majority stockholder of SolarCity, likes to give advice to younger people and he is well aware of hard beginnings. Read, what he says.

elon musk how to succeed success tesla spacex paypal solarcity everydaytalks.com

Elon Musk

In the interview for Business News Daily has an exceptional innovator and top class businessman, prepared four tips for young entrepreneurs:

1. Be prepare to work really hard

If you have decided to start a company, you should be fully prepared to work hard. Running business os not easy. There is a lot of work waiting for you, especially at the very beginning. Many obstacles can even more complicate your work, like economic crisis. Are you ready for this?

2. Constantly learn and get new skills

When Musk founded SpaceX, he realised that he had a lot to learn, despite the fact that he already had an exceptional knowledge in the field of physics.

First, he wanted to hire professional who would lead the field of development of space rockets, but the situation made him do it himself. As he admitted, the company progressed slower because of his inexperience, but because of his willingness to acquire new knowledge, everything eventually work out as he planed.

elon musk how to succeed success tesla spacex paypal solarcity everydaytalks.com

Elon Musk is the founder of PayPal, Tesla Motors and SpaceX.

3. Learn to find the right moment to expand business

The company SpaceX was founded in 2002 and had only about 120 employees. More than five years later, in 2007, there has been a large expansion of the company.

But Musk points out, that the growth did not happen over night, but is was well considered move, supported by a number market and other analyses. You have to choose the moment clever, when you want to expand your business. And when you accept this decision, there is no way back. The process has to be made very quickly, otherwise it will be too many unforeseen costs that can lead into irreparable damage.

4. You have to choose the right team

Musk believes that choosing the right employees is a key component in building successful business. He gives very much emphasis to find a good team.

He believes that right team can make miracles. He also believes that good corporate team is as important as foe example, a good football team or basketball team or any other team in sports, where quality of a single player can greatly contribute to the success of the team, but its real value is displayed only when he is able to work with other players and go with them through good and bad.The ability of team work is the one very important thing, you have to look for with your new potential employees.

Also, you should not forget to the aspect of professionalism: the company must attracts professionals who will know how to get things done. And how you recognise that individual? See in the video:

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