6 success habits of Elon musk you can apply today in your business
Elon Musk is the CEO and founder of X.com which later became known as Paypal, SpaceX, Tesla, and co-founder of Neuralink and most recently, the owner and CEO of Twitter. He was announced as the world’s richest man in 2021. His achievement became visible in just one year but that was the efforts of his previous years that compounded into great achievement. Musk has so many habits that helped him become who he is today and that is what this article is about.
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Listen to Six Success Habit Of Elon Musk You Can Learn From To Achieve Your Goals.
You need to develop your daily reading habit as an entrepreneur
Musk was said to have developed a reading habit when he was 9 years old. He could read for approximately 10 hours a day, and with this, he was able to read the entire encyclopedia Britannica that would take someone months to finish in just a few days.
It was through the reading culture that he became grounded in physics, math, and some other sciences. Even as the manager of some very large firms, his reading habits have not declined.
Reading is the most basic way you can expand your knowledge base as an entrepreneur or as an employee. Musk said, “he read books and talk with people because that’s how one learns anything. There are a lot of great books out there and there are a lot of smart people”.
Read and converse with people in such a way that you pay detailed attention to their opinions just so you can expand on the knowledge you already have. Don’t just read books that are only limited to your field but also read books from other disciplines, because as they say, no “knowledge is a waste”.
Grabbing extensive information as an entrepreneur enables you to become versatile and stay updated on the newest trends in the business environment.
You must not read up to 10 hours like Musk but you can choose to read per hour each day. This will strengthen and enhance your brain’s functionality towards being innovative.
Develop the success habit of working hard on what you do
Musks truly believe in hard work without relenting. He said: “work like hell. I mean you have to put in 80-100 hours every week”. This improves the odds of success.
If others are putting in 40 hours every week and you are putting in 100 hours, then even if you are doing the same thing, you will achieve in four months what will take them a year to achieve.
However, you mustn’t commit to 100 working hours but let his words serve as your motivation towards hard work, especially when you feel less motivated. Learn to sacrifice most of your social life for your work because that is the way you can establish your biggest dreams.
If it took Musk his time, sacrifice, and hard work to establish his first company “Zip2” then you can also put in your efforts to achieve your goal as an entrepreneur.
Take risks if you want to succeed in your business
Taking a risk, to Musk is a way to remove fear from one’s life. He believes in taking risks at a younger age because that is when people generally have better opportunities and great responsibilities.
When you learn to take risks, it will help you to develop and you wouldn’t regret it. He said, “Take risks now and do something bold. You won’t regret it”. Taking risks will help you as an entrepreneur to avoid mistakes that will tarnish your business potential.
Ask for feedback from your customers
Musk believes in asking for feedback, especially negative feedback. He is used to telling his employees to request negative feedback from people because it’s a sure way to re-adjust and fix the wrong things in a product.
Although getting negative feedback can sometimes be hurtful, it helps you to know where you need to make some re-adjustments.
Musk said, “you want to be extra rigorous about making the best possible things you can. Find everything that’s wrong with it and fix it.”
Getting negative feedback helps you discover people’s complaints about your products so that you can fix the problems. With this, your perfection in that product starts to manifest. Musk believes in perfection and for you to find a feat in perfection you need to fix the wrong in what you do.
Practice mindful multitasking in your business
Research proves that multitasking reduces the workability of entrepreneurs or employees. It depletes employees’ productivity but simple tasking helps to improve one’s productivity. Musk believes in multitasking, but it’s how you control it that truly matters.
That’s why task batching is very essential. Put together similar tasks and work on them at the same time.
Musk runs big successful companies and yet manages his home, he once said that he replies to emails even when he’s with his kids.
With that being said, he tactically replies to emails when he’s with his kids because he knows staying with kids doesn’t require much mental effort which is why he can reply to emails at the same time.
Learn to compile works that require less of your mental effort and work on them together just so you can be productive.
Have a growth mindset
This is another of Musk’s success habits. Though his companies have made profound achievements so far, he seems to aim for even better achievements in the future. He said, “I think it is possible for ordinary people to choose to be extraordinary”.
These extraordinary achievements can be attained through having a growth mindset. Want to learn more about mindset? Check out our article on the topic: Understanding Business Mindset: How To Succeed In Your Entrepreneurial Journey
Having this growth business mindset will help you as an entrepreneur to keep aiming for higher goals and keep working to become more successful in what you are doing.
A growth mindset will help you to improve your present status as an entrepreneur because improvement is the biggest room in the world. But having a fixed mindset tends to limit the possibility of attaining the extraordinary in one’s business or life.
Your key takeaways the 6 success habits of Elon musk you can apply in your business today
The success habits of Elon Musk are what you as an entrepreneur should imbibe for the success of your own business and the improvement of your efforts. Learn to inculcate these habits we shared today and project your business for more success.
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