How to create a Company – Elon Musk

How to create a Company – Elon Musk

Elon Musk shared how his life took a Turn after a significant event despite Earning a few degrees musk doesn't Attribute the success of his companies To college education in fact he believes The opposite musk understood one truth About making companies successful and as He reveals by adopting these techniques Anyone can make a failed company Successful anywhere how did Elon Musk Turn a failed car company into the World's most valued one how did musk Create the greatest space company when He didn't know anything about Rockets Well as musk revealed he realized one Very important Truth at the beginning of His career that changed everything for Him this is a very informative story so Let's start from the beginning so Elon Musk has a different view on education Compared to the usual way people go About it when he was young he was always Very critical of the education system he Thinks it doesn't help with fast and Deep learning or focus enough on Critical thinking and solving problems Musk chose to learn on his own using Textbooks and talking to experts in Different areas he moved to the University of Pennsylvania in the United States but didn't stay there for long Musk didn't like how education was Mostly about memorizing facts and lacked Innovation and creativity he thinks

Learning should be more about solving Real problems and gaining practical Skills because of his frustration with The regular education system musk Dropped out of University after just 2 Days after leaving University Elon Musk Started doing business stuff he founded Zip 2 a software that guides people in Cities especially for newspapers this Was the start of musk's Journey in Business showing that he likes dealing With real world problems more than Formal education and it was then when Musk decided to change a space industry Forever Elon Musk started his space Exploration journey by going to Russia In the early 2000 at first he planned to Buy Rockets from Russia for a mission to Mars because he thought the existing Options were too expensive and not very Good but when he tried to make a deal in Russia it didn't work out and musk faced Difficulties this made him determined to Find a a different way instead of Relying on established space agencies or Buying Rockets from other countries he Had a new idea he decided to create his Own space company that would change the Space industry but when Elon Musk Started SpaceX in 2002 people were Laughing at him no one in the world Including maybe Elon Musk himself Believed this could work but how Elon Musk turned this startup into the

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Greatest space company in the world well Elon musk's approach to problem solving Known as first principles thinking is is One answer to this question musk loves Breaking down complex issues into their Fundamental components and Building Solutions from the groundup Elon musk's Application of first principles thinking Has been a pivotal factor in his success As an entrepreneur and innovator for Instance when faced with the Astronomical costs of space exploration Musk did not accept the prevailing Assumptions about rocket manufacturing Costs instead he deconstructed the Elements involved in building a rocket Identifying the key materials and Processes this method led to the Development of spacex's Falcon 9 a Partially reusable rocket that Drastically reduced launch costs Moreover musk's advocacy for first Principles thinking is not confined to The technical aspects of his Ventures it Permeates his managerial philosophy in Organizational strategy and Decision-making he encourages his teams To dissect problems down to their core Principles fostering a culture of Innovation and problem solving this Approach characterized by a Relentless Pursuit of fundamental truths has become A Hallmark of musk's leadership style And a driving force behind the

Transformative impact of his companies On various Industries one more method That musk also loves to use is going in Deep learning process of something that He chooses and this is something that Distinguishes Musk from anyone his Unorthodox reading habits have been Characterized by an intense and Unconventional approach in the pursuit Of knowledge and a deeper understanding Of complex subjects musk has been known To engage in Marathon reading sessions Rather than following traditional Reading patterns he adopts a skimming And memorization technique absorbing Vast amounts of information in a short Period for example when he started a Rocket company and didn't know anything About Rockets but to solve this issue Here's what he did musk went into a Crash course he created for himself with Limited resources and an intense desire To understand the intricacies of Rocket Technology musk began borrowing books on The subject musk's Relentless pursuit of Knowledge led him to devour literature On rocketry propulsion systems and Spacecraft design he immersed himself in An extensive reading regimen spending Long hours absorbing the information he Needed when musk wants to learn Something new he spends time figuring Out the most basic parts of that topic For instance when he wanted to learn

About rocket science for Space X he Began with the basic physics of how Things move how objects orbit in space And the science of materials instead of Jumping straight into the complex Details of Rocket design or how to fly Them musk read books like rocket Propulsion elements fundamentals of Astrodynamics and the international Reference guide to space launch systems Just to name a few this intense study Helped musk learn enough to have Detailed talks about rocket science and Related topics after this self-taught Phase musk planned the rocket that SpaceX would later use musk's punon for Reading coupled with his ability to Distill essential insights rapidly Allows him to cover an extensive range Of topics efficiently this Non-traditional approach aligns with his Broader philosophy of first principles Thinking as musk seeks to understand the Foundational truths of various fields And disciplines his unique reading Procedures reflect a Relentless Commitment to acquiring knowledge and Staying well informed a trait that Undoubtedly contributes to his Visionary Leadership and Innovative problem Solving across his diverse range of Ventures also people often say that if You try to learn too many things you Won't become an expert in any of them

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However Elon Musk proves this idea wrong He learns a lot about different topics And is very successful other smart People in history like Leonardo da Vinci And Galileo were good at many things too This is not just because they were Naturally talented but also because they Applied what they learned in one area to Help them in others mixing knowledge in This way can change how you think and Lead to new ideas for example someone Who knows both physics and biology will See things differently and come up with UniQue Ideas Elon Musk studied both Economics and physics which are very Different subjects however knowing both Of them helps him think of new business Ideas his brother Kimble musk mentions That Elon used to read two books a day Which is a lot he didn't focus on just One topic he read about many different Things this helped him learn how to use What he knows in one area to benefit him In another that's why he could combine His basic knowledge of artificial Intelligence and Engineering to create Tesla technology and that's it for today Subscribe to our Channel and hit the Notification Bell

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