Elon Musk is an engineer, an industrial designer, and a technology entrepreneur who was born in South Africa in 1971. In addition to being a South African citizen, he also has American and Canadian citizenship and has homes in all three countries. Musk has an estimated net worth of $36.5 billion. Due to his phenomenal success, people look up to him and use his words for inspiration and motivation. Here are 20 Elon Musk quotes that apply to business.
20. On Creativity
“The problem is that at a lot of big companies, the process becomes a substitute for thinking. You’re encouraged to behave like a gear in a complex machine. Frankly, it allows you to keep people who aren’t that smart, who aren’t that creative.”
Listed by Brainy Quote, this Elon Musk Quote is about using creativity in your business. Musk describes how stifling creativity and independent thinking is often a problem in many big companies. Creative thinking is often useful as it can make your business stand out from the competition, so it is important that you and your employees have opportunities for creativity.
19. On Preparing to Launch a Business
“If you’re trying to create a company, it’s like baking a cake. You have to have all the ingredients in the right proportion.”
According to this Elon Musk quote, preparation is a vital element of creating a company. You need to take the time to prepare all the different elements of the company properly before you launch to give your launch the best chance of success.
18. On Exploring New Experiences
“I’ve been to Disneyland, like, 10 times. I’m getting really tired of Disneyland.”
When something good happens in your business, it can seem exciting and you may want to do the same thing over and over again. However, this can soon become tiring, and doing the same thing will stop exciting you. Your business can become stagnant and stop moving forward if you do not try new things and aim for different goals.
17. On Facing Your Fears
“I wouldn’t say that I have a lack of fear. In fact, I’d like my fear emotion to be less because it’s very distracting and fries my nervous system.”
It may seem that people who are very successful have no fear, but even Elon Musk has fears that he must face. This is true of most people in business, as they are constantly facing risky situations or situations where the outcome is unknown. To become successful, it is likely that you must also face your fears.
16. On the Importance of the Product
“Great companies are built on great products.”
If your product or service is not good, then it doesn’t matter how determined you are, how many qualifications you have, or what experience you have gained. The main reason a business succeeds is that it offers consumers a great product or service. You should make sure that your product or service is the best that it can possibly be before launching your business.
15. On Listening to Feedback
“I think it’s very important to have a feedback loop, where you’re constantly thinking about what you’ve done and how you could be doing it better.”
Feedback can play an important part in making improvements to your business and the products or services you offer. Positive feedback tells you what you are doing right and should continue doing. On the other hand, negative feedback tells you where you are going wrong and the areas of your business that you need to improve. Often, it is the negative feedback that is the most useful for your business. as it is this that will make you improve.
14. On Having Passion for Your Work
“People should pursue what they are passionate about. That will make them happier than pretty much anything else.”
No matter what you do in life, you should make sure that it is something about which you are passionate. You spend too much time at work to waste your life doing something that makes you miserable. Choosing something that makes you feel passionate means that you will maintain your motivation in the long-term.
13. On Accepting Your Weaknesses
“I take the position that I’m always to some degree wrong, and the aspiration is to be less wrong.”
There is no person in the world that does not have weaknesses, and this means that you will sometimes make mistakes, not know how to do something, or not do something as well as other people. It is essential to recognize your weaknesses so that you know which areas to work on and improve.
12. On Embracing Change
“Some people don’t like change, but you need to embrace change if the alternative is a disaster.”
This Elon Musk quote is listed by Goalcast, and it is all about the importance of embracing change. If things are going well and you are happy with the systems that you have in place, then sometimes change is unnecessary. However, when things are going wrong you need to look at the reasons why. You will then need to make changes as appropriate. Many people find it difficult to make changes, but it is better than letting things go on as they are or seeing your business failing.
11. On Having Patience
“Patience is a virtue, and I’m learning patience. It’s a tough lesson.”
When you are excited about launching a business or getting a project underway, the temptation is to speed ahead in your excitement. This is not always wise, as it is sometimes better to have a little patience and take things at a slower pace. Having patience can mean that things get done properly and mistakes are avoided. People who are enthusiastic may find this particularly hard.
10. On Self Improvement
“I think that’s the single best piece of advice: constantly think about how you could do things better and questioning yourself.”
The first place to look if you need to make improvements in your business is yourself. Rather than looking for other people to blame for anything that has gone wrong, look at the things that you could have done better first. Always question what you have done and then consider whether the results are positive or negative. Questioning yourself in this way will help you to improve both personally and professionally.
9. On Taking Risks
“When Henry Ford made cheap, reliable cars, people said, ‘Nah, what’s wrong with a horse?’ That was a huge bet he made and it worked.”
When starting out in business, whether you will fail or become a success is an unknown. This means that you are taking a risk. Those who are unwilling to take that risk will never find out if their ideas would have worked, and they are unlikely to become successful. It is only the people who are willing to put themselves out there and take a risk on the unknown who will become successful.
8. On Having Drive
“Starting and growing a business is as much about the innovation, drive, and determination of the people who do it as it is about the product they sell.”
If you do not have any drive, then the best you can hope for is a mediocre level of success. To become personally and professionally successful takes a desire and a drive to succeed. This involves believing in what you do, having passion, and maintaining your motivation.
7. On Motivating a Team
“People work better when they know what the goal is and why. It is important that people look forward to coming to work in the morning and enjoy working.”
This Elon Musk quote is listed by Tools Hero. It about how important it is to motivate your team and to make sure they enjoy their work. According to Musk, the first step in getting people to work well is to make sure they have clear goals and that they understand what their role is in achieving these goals. To keep people motivated, it is also important that they are enjoying their work. One way to ensure that this happens is to make them feel appreciated for the things they do.
6. On Determination
“We’re going to make it happen. As God is my… witness, I’m hell-bent on making it work.”
A range of personality traits are needed to become successful, and one of these is determination. It is a determination that will motivate you to launch a business, and it will carry you through the tough times. It is a determination that will stop you from giving up when you face challenges.
5. On Being a Participant of Life
“I could either watch it happen or be a part of it.”
Not putting your ideas into action means that you become a spectator of life, and you may even watch someone else doing the things that you dreamed of achieving. If you want to have a successful and enjoyable life, then you need to become a full participant. Put your ideas into action and do whatever it takes to make your dreams a reality.
4. On Choosing Your Own Destiny
“I think it is possible for ordinary people to choose to be extraordinary.”
You are only ordinary if you choose to be ordinary and continue to do ordinary things. If you want to become extraordinary, then it is down to you to do things that are extraordinary. This will set you apart from the average person. You need to take action to get yourself out of a rut and do something memorable that will change your life.
3. On Having Control
“It’s OK to have all your eggs in one basket as long as you control what happens to that basket.”
Some people believe in the saying that you shouldn’t put all your eggs in one basket. However, Elon Musk disagrees with this and thinks it is fine to have all your eggs in one basket as long as you are taking control of what happens to the basket. In business, you can focus all your attention on one business, but you need to have full control of what happens in that business. This involves knowing about every aspect of the business and being the one to make all the decisions.
2. On the Importance of Persistence
“Persistence is very important. You should not give up unless you are forced to give up.”
When things get hard, it may seem too difficult to overcome the obstacles and achieve your goals. At these times, persistence is needed to get you through the tough times and out on the other side. If you do not have persistence, you may give up too easily. It is possible that you could have succeeded, but that you didn’t give it your whole. Many people who go on to become successful have hit obstacles along the way, and it is their persistence that has got them past that stage.
1. On Doing Something That is Important to You
“When something is important enough, you do it even if the odds are not in your favor.”
According to Inc.com, this is one of the best Elon Musk quotes that apply to business. This quote applies particularly well to launching your own business. It is likely that you will only attempt to launch a business if you are passionate about a product or service. If it means something to you, then you are more likely to put your ideas into action. You will have an enthusiasm to get things off the ground and to share your ideas with other people. If you do not have this passion and enthusiasm, then it is probably not something that is worth doing.