7 Essential Lessons from the World's Greatest Entrepreneur.

Elon Musk is the world's greatest entrepreneur and is currently worth over $250 billion, making him the wealthiest person on the planet.

Born in South Africa, he moved to the US to study. No other entrepreneur has experienced his level of success across multiple companies and startups.

The good news is that success leaves clues...

He started his first company, Zip2, at age 24 and sold it 4 years later for $305 million.

And with $12 million of the money he made, Musk co-founded X.com , a direct bank.

X.com merged with Confinity in 2000 to form PayPal.

In 2002, eBay acquired PayPal for $1.5 billion, and that same year, with $100 million of the money he made, Musk founded SpaceX, a spaceflight services company.

SpaceX was founded with the goal of reducing space transportation costs and to colonise Mars. Musk certainly 'thinks big!'

Then in 2004, he became an early investor in electric vehicle manufacturer Tesla.

He became its chairman and product architect, assuming the position of CEO in 2008. Musk contributed to the creation of SolarCity in 2006, a solar energy company that Tesla later acquired and renamed Tesla Energy.

In 2013, he proposed a hyperloop, a high-speed vactrain transportation system.

In 2015, he co-founded OpenAI, a nonprofit artificial intelligence research company.

The following year, Musk co-founded Neuralink—a neurotechnology company developing brain–computer interfaces—and the Boring Company, a tunnel construction company.

In 2022, he acquired Twitter for $44 billion. He subsequently merged the company into the newly created X Corp. and rebranded the service as X.

In March 2023, he founded xAI, an artificial intelligence company.

7 Key Lessons for All Ambitious Entrepreneurs

1. Visionary thinking: Musk always has a clear vision for his companies and what he wants to achieve. He knows exactly where he wants to take them and what he wants to accomplish
2. Passion: Musk is passionate about his work and deeply desires to improve the world. He is driven by a sense of purpose and a desire to create something that will positively impact society
3. Innovation: Musk constantly pushes the boundaries of what's possible and is not afraid to take risks. He's always looking for new and innovative ways to solve problems
4. Perseverance: Musk has faced many challenges throughout his career but has never given up. He is known for his resilience and determination, and he never lets setbacks hinder his goals
5. Focus: Musk is incredibly focused on his work and spends most of his time on engineering and design work, where he knows he adds the most value
6. Teamwork: Musk understands the importance of teamwork and collaboration. He surrounds himself with talented people who share his vision and works closely with them to achieve their goals.
7. Customer focus: Musk is always thinking about the needs of his customers and how he can best serve them. He constantly looks for ways to improve his products and services to meet their needs.

"I think it is possible for ordinary people to choose to be extraordinary"

Elon Musk

His biography, written by Walter Isaacson, has just been published and it promises to be a brilliant read.

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