Is there anyone that doesn’t like the money? If you are looking forward to gaining some, you should be watching Elon Musk who is amongst the most successful people in the business sphere and follow their advice.
One of the most successful people in the world at the moment and the world’s richest one, Elon Musk honors us by sharing business advice every now and then.
Yet Another Business Tip From Elon Musk
Do it only if the business is right for you – this is one of his most popular ones. It is referring to starting a business. It means you should start something if and only if you feel comfortable working in that field for a long time.
“A friend of mine has a good phrase for doing a startup: It’s like eating glass and staring into the abyss. If you are wired to do it, then only do it, not otherwise. So think of it this way — if you need inspiring words, don’t do it.” – the billionaire says.
Do not focus on money – Money comes and goes. It fluctuates. Breakthrough projects and innovative products stay for a long time. Elon sees this as a very important step to the success top. He says that we should follow his example when starting Tesla. He didn’t do it because of the money, he did it because the world needed it.
As he says – “It’s just that I think this is a very important problem and it’s got to get solved, and if we don’t solve it we’re in trouble.”
Having a vision is very important – The way to success is much easier when you know where you are going. If you just wander about without a concrete goal chances are you are not going anywhere. That’s why you need a clear vision.
“You need to know what you are doing and why are you doing it. Where do you see your business in several years? Where do you see yourself? These are important questions that you need to answer to yourself before starting anything significant.”
Choose a business you believe in and stick to it – This is his last but not least advice that he gave just today.
“Buy stock in several companies that make products & services that *you* believe in. Only sell if you think their products & services are trending worse. Don’t panic when the market does. This will serve you well in the long term.” – the billionaire says.
Elon tweets this as a response to the many questions that he receives especially these days when he makes many ‘big’ decisions involving really ‘big’ money. He bought Twitter, he sold a large Tesla share, and he invested in bitcoin, so he is pretty active.
Does the selling of Tesla shares means that the industry is starting to drop in success? This question bothers everyone. His response is exactly this last tweet and the last quote in this article.
He is a believer in the electric automotive industry. He believes that he can contribute to bettering the world. And he certainly believes in his businesses and ideas.
https://www.youtube.com/watch?v=8TJYBwt4R3o
