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Elon Musk | The Role Model In The Field Of Business - Startup Business Bureau
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Elon Musk | The Role Model In The Field Of Business

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Elon Musk the Richest person on the Earth

Elon Musk is the role model for the people in the field of business in 2021. It is just because he has gained such a huge jump that anyone only can wish. Elon Musk proved that fate is with him as in march 2020 when everyone was collapsing due to the coronavirus pandemic the business of Elon started to take flight.

In 2020 Musk was barely in the top fifty richest people because he has a 27$ billion net worth. But with the start of the new year, the net worth crossed 188$bn whereas Jeff Bezos’s net worth is 187$bn. Elon has 1$bn more than Jeff Bezos’s. Elon has taken the spot from Amazon founder Jeff Bezos who was holding it since 2017. All of this is due to the huge rise in tesla’s market share price from March 2020 when it was only 86$ but today it is 880$ worth. Tesla’s share price has increased by over 700% till now.

Who is Elon Musk

Elon Musk the name that left behind all of the wealthy and richest people of the world started his journey of life from Pretoria, South Africa on June 28, 1971. His mother was a Canadian and his father was South African. He was very talented since his childhood at the age of twelve he created a video game that was quite good and sold to a Compaq company.

Elon Musk Career

Elon has a keen interest in the field of computer programming as reflects when he sold a video game to a company when he was just 12 years old. In 1995 the dream of Elon Musk come true when he founded a Zip2 company with the help of his brother Kimbal Musk. It turned to be a welcoming start for his career. Just after four years in 1999, Elon sold Zip2 to a division of Compaq Computer Corporation for $307 million in cash and $34 million in stock option. Musk himself says that Zip2 was the first and most important step toward my success.

Elon Musk Business

Elon Musk founded X.com in the year 1999 which later got the name of Paypal. It is an online payment wallet that allows users to send and receive money. Paypal gained good response from the users and it generates huge revenue.

SpaceX founded in 2002 by Elon Musk for rocket manufacturing and transportation services. It is based in Hawthorne, California. It has roughly 7,000 employees and still remains a private company. In the beginning, most of the money for SpaceX came from Paypal as it is the first business of Elon Musk. So, today the net worth of SpaceX is 64$bn, and the share price is 169$.

Elon Musk is the co-founder who leads Tesla Motors. Tesla’s headquarter is in Palo Alto. Elon

elon musk

Musk’s motto is to revolutionize the motor industry by turning it into an eco-friendly electric vehicle. In 2008 the company achieved its milestone target by launching its first fully electric car Roadster. It can go for 394 km on a single charge. It made tesla an emerging company in the field of modernization.

Elon Musk Secrets

Some of the events which are needed to uncover reveal how Elon Musk able to be the richest person in the world. Elon Musk has to take risks throughout his life. In 2002 he has to put money in SpaceX. Its first three launches had failed. It was the time when Elon had to decide to either put all of his money or let the company die but he never loses heart keeps taking risks. In tesla, he had to pour all the money even had to borrow money from a friend to bear the losses of the company. The clouds of bankruptcy were upon him but he never ran from all of those circumstances.

Elon Musk Success Mantra

Elon Musk is the richest person on the earth Musk has some mantra of success. The slogan which Elon quoted most of the time is “Failure is an option here, If things are not failing, you are not innovating”. He is an optimistic personality and considers his failures as a stair that makes him different from the world.

Elon Musk six secrets of success

The name about which everyone is well aware of “Elon Musk” who conquered the top richest position of the world mush has secret keys to follow for such a huge success. When we tried to unveil the secrets of success we found it in the interviews of Elon given to reporters and tv channels.

1 . Don’t run after money

Elon’s views are very clear he thinks that it is not the best-case scenario having billion dollars in the bank and die rather he preferred to spend the money on making new projects and buildings. He thinks that investment of money on the projects is the best use of the money.

2.Pursing his Passion

Elon is the person who dreams big and put his efforts into making it true. He dreamt of making a Mars Base and almost near to make it true. Elon has the mantra that success is a matter of mind that how passionately you could try to have it.

3.Think big to get big

One of the important secrets of success is Elon doesn’t dare of thinking big and innovative things.

When we see the projects of Elon like revolutionizing the car industry, base on Mars, building super-fast trains in vacuum tunnels, upend the solar power and battery industries and integrate AI into human brains indicates his big thinking.

All the projects carried by Elon could only be imagined in the early 80s.

4. Friendship with Risks

Risk is the first step of the business. Elon knows well and has the guts of taking risks.

In his 30s he sold his company Zip2 and online payment company Paypal to invest in SpaceX.

elon musk paypal

He put half of the money on it. Both SpaceX and Tesla had to face issues in the beginning and came to the verge of collapse.

Musk says he has to face a stark choice. “I could either keep the money, then the companies are going to die, or invest what I have left, and maybe there is a chance.”

 5. Dealing Critics and Haters

One of the best examples we can see through Elon that in what way he deals with his critics. When everyone was talking about the failure and end of Tesla, Elon didn’t pay attention to it.

He ignored what people say about him and his projects which kept him motivated.

Today everyone can see that Elon has proved through his success that life is a game of nerves and patience.

6. Enjoy the Work

Elon reveals his sixth secret of success that he enjoys his work. He doesn’t feel bored rather he does his work 120 hours a week. Attachment with his work helped tesla a lot to keep it on track.

 

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