Key Learning Points From ELON MUSK
Anand Prajapati
Consultant at Wipro | Digital Transformation | Product Management | Project Management | Strategy & Consulting | Technology Consulting
It has been a long time, I'm following Elon musk when IRON-MAN movie released in 2008 by MARVEL comic superstar Robert Downey jr with an intense name ' Tony stark". It is a really good movie to watch understand the nano Tech, AI, IoT, ML, and other skills. I was wondering if this character is real on this earth to protect every dam's problems and high-level Innovation. This is how I got to know about Elon musk, by inspired by this person, the movie was ! Strengite passion for innovation right ? yes, Amazing.
Many of you think how he becomes continuously more wealthy with his founded companies right ? I've to say, He has a strong background from his grandfather ( Africa). He moved from Africa to Canada ( The reason was, Malaria was contiguous in Africa) with money to start higher education in electrical engineering. From his family, they mentioned, Elon is a voracious reader. He used to be an introvert and read books in a week since childhood.
During his childhood, He faced dyslexia disease for problematic reading & writing skills. However, He used to read books at a terrace when other kids were busy playing games & football.
First learning from here is, Today's reader is tomorrow's leader
Elon Initially intended to pursue a doctorate in material science and physics at Stanford and Dropped out of Stanford after two days then moved to Silicon Valley. he has a computer science background where he liked to be coding and did what exactly we know " ZIP2". The online payment systems, today known as the PAYPAL ! It wasn't easy for him where he worked more than 80 hours a week with his brother in 1995.
Work like hell, if you work for 40 hours for your goals, try to 80,and reduce time to reach your goals.
In 2002, Elon & his team went to Russia with an Attitude of buying a rocket for traveling to the moon. He came back with egoist motive to " I think we can build this rocket ourselves" He was fired and laid off his start-up PayPal when he was enjoying a party, Now. he was focus to build space machines and rockets but Russia did not make him happy. Later on, He read books about space shuttles and gained knowledge to make rockets with investment in his 2nd company name " SPACEX".
With a vision of electric market revolutions, He also founded " TESLA" the electric car company in 2003. He also mentioned one line during his interview '' I had money from PayPal where I invested half of to spaceX and others to Tesla, left nothing and lived in rent house"
''It is better to take risk than not doing anything, At Least you get an experience to become more mature in life''
He took three attempts for the successful launch of the missile but did not succeed and ran out of money. He was skeptical about his 4th launch with more hard-work but in a dilemma to save his other company TESLA. He decided to take a risk and asked for a loan for again 4th attempt to launch. In the end, They found tears in eyes with successful landing and investors invest in TESLA.
A Failure is an option here. if things are not failing, You are not innovating.
When something is important enough, you do it even if the odds are not in your favor.
Here the list of his other companies:
- Solar city : Musk provided the initial concept and financial capital for Solarcity. which was then co-founded in 2006 by his cousins. By 2013, SolarCity was the second largest provider of solar power systems in the United States.
- Hyperloop: On August 12, 2013, Musk unveiled a concept for a high-speed transportation system incorporating reduced-pressure tubes in which pressurized capsules ride on an Air cushion driven by a linear induction motor and Air compressors.
- OpenAI: In December 2015, Musk announced the creation of OpenAI, a not-for-profit artificial intelligence (AI) research company. OpenAI aims to develop artificial general intelligence in a way that is safe and beneficial to humanity.
- Neuralink : In 2016, Musk co-founded Neuralink, a neurotechnology startup company to integrate the human brain with artificial intelligence. The company is centered on creating devices that can be implanted in the human brain, with the eventual purpose of helping human beings merge with software and keep pace with advancements in artificial intelligence.
- The Boring Company: On December 17, 2016, while stuck in traffic, Musk tweeted "I am going to build a tunnel boring machine and just start digging ..." The company was named 'The Boring Company' (TBC). On January 21, 2017, Musk tweeted "Exciting progress on the tunnel front"
The conclusion of learnings are:
- You need to become visionary in your goals
- If you have any idea for a startup, You must execute your ideas well
- Always dream big, think big and work hard for your goals
- Do practice in your work ethics
- Do not focus on critics
- Understand the basics and then apply it in your ideas
- Do not afraid of failure
- Never give up on your dreams
" I would like to die thinking that humanity has a bright future''
He said, " If there was a way that I could not eat, so i could work more, I would not eat. I wish there was a way to get nutrients without sitting down for a meal"
His work ethic has a lot to change his life with his relationships. He managed to marry his loved one girl and also divorce many times.
Elon is the man behind Paypal, Tesla Motors, SpaceX, and Solarcity, each of which has sent shock waves throughout business and industry. In this lively, investigative account, veteran technology journalist Ashlee Vance offers an unprecedented look into the remarkable life and times of silicon valley's most audacious businessman.
"The first step is to establish that something is possible; then probability will occur"- Elon musk
Manufacturing Engineer/ Production team lead
4 年Wow, it's like a short movie of Elon Musk: The man with a great vision! and how nicely written this article by Anand Prajapati who has the same thinking as Elon Musk! Keep inspiring us by your article and I would like to encourage everyone to follow his articles because I know everyone loves to get motivated!
Sales Executive at Bajaj Finserv
4 年Great work brother Put your knowledge nd vision through make case studies of men like Elon Musk