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10 Entrepreneurial Skills of Elon Musk that Everyone should Learn

Elon Musk is hailed as the most creative entrepreneur after Steve Jobs. The critics belonging to the media and technology argue the point that making this comparison is wrong as their aspirations are completely different and the generation gap separated the two creative minds of our generation. In the review of the Musk’s biography by Ashlee Vance done by New York Times, the words are powerful enough: “Any reader will sense the need to put comparisons to Steve Jobs aside. Give Musk credit. There is no one like him.”

SpaceX, Tesla and PayPal are just some of the few achievements of Elon Musk that made him a renowned entrepreneur worldwide. There are several traits and habits of effective leaders that Elon Musk boosts of. In this article, I will cover 10 entrepreneurial traits that make Elon Musk stand out from the crowd.

  1. Creativity

This skill can be attributed to him but let me explain why. When it comes to starting ambitious projects that revolutionize a particular industry, Elon Musk takes the lead. He started by selling a computer game, he coded himself, to a firm for $ 500 at the age of just 11 years. He made PayPal and stuck to it in the face of severe criticism even when most of his colleagues who backed out.

There are numerous other aspects about which I would need another article to explain the creative skills of Elon Musk and how he incorporated them in all of his projects. He is fast changing our lives and reshaping our future.

  1. Ability to Learn

Elon Musk has an amazing ability to learn new things and apply it to the projects. As a kid, he use to read encyclopaedias and other books just for fun. It turned out a really good habit as he gained interest and then considerable knowledge about programming, physics and rocket-science which helped him setting up the business empire he has today. So the ability to learn quickly is the key for any budding entrepreneur to succeed in today’s dynamic business environment.

  1. Being Ambitious

In some cases, just being creative is not enough until the person is ambitious enough to go about it with full conviction and grit. Elon Musk was always driven by the need to do the right thing not keeping the current trend in mind. Musk has been compared to numerous great entrepreneurs of the last century like Howard Hughes, James Cameron, Sir Richard Branson, etc. So being ambitious is good, especially for young people to make it big in life and Musk has always been ambitious to the core.

  1. Turning Vision into Reality

One common trait among successful entrepreneur is the ability to turn their vision into reality. Like all the top leaders, Musk shares his vision with his team responsible for product or project development and then make people believe his projects are not only revolutionary but viable as well. The concept of Hyper-loop has already been taken up by the countries like UAE and Sweden. And the State of California is already thinking of using the Hyper-loop for the high-speed rail link between Los Angeles to San Francisco which is a real achievement for Elon Musk.

  1. Hard Work

While most of us work really hard to complete the tasks or work assigned to us, Elon Musk takes it to a different level. Musk works for over 100 hours / week, that’s over 14 hours daily including Saturday and Sunday! He has been doing this for many years and cite this for his success in virtually everything he does. He sets the example for the others especially for the workers of his company. This can be termed as the benchmark in the technology industry as he show the way for others to follow.

  1. Innovation

Along with Tesla, SpaceX and PayPal, Hyper loop is fast becoming the next frontier in making distant travelling a thing of the past. With speed of up to 760 miles/hour, it will be a breakthrough like never before. This is called pure innovation; to invent a thing that no one has ever think of or ventured before. The energetic and ambitious personality of Elon Musk is also responsible for his many innovations as he looks to make his own way in creating products/services. His mission is to make this world a better place to live.

  1. Inspire your Target Audience By Creating Brand Awareness

Creating brand awareness among your target audience is critical to success in today’s marketing oriented world. Elon Musk knows that very well. Like his other projects, the brand Tesla has come a long way and now is among the best electric cars in the market. He made sure his brand is everywhere by making charging stations, Supercharger network of stations and destination charging by providing high-powered wall chargers in high-end hotels, up-market restaurants, resorts, shopping malls, etc. has made sure his brand is recognized all around the world.

  1. Serial Entrepreneurship

Elon Musk’s name is synonymous with new projects on a regular basis. Apart from the project he have already completed,, there are many projects in the loop which can be termed as the game changer once they will be completed. Solar City is one project which can become the largest electricity provider for the North American people. This is a humongous task and Musk isn’t afraid to put in all his effort and a hefty sum in making this dream come true. This is one of the reasons for all the success he has till date.

  1. Sacrifice

Elon Musk do not get enough time, like most entrepreneurs, to spend with his family which includes 6 young boys. He has made many other sacrifices too in order to make his projects standout in terms of quality and effectiveness. After the initial success of his projects like PayPal, he invested his own savings in the projects he started. It takes a big heart to invest the money you have earned through hardships in a new project without a guarantee of success. So you must to be ready to sacrifice many things dear to you if you want to become a successful entrepreneur.

  1. Motivate the Workforce

The top management of all the projects run by Elon Musk comprise of experts in the industry. It doesn’t mean that he hired the best people from other countries by offering lucrative packages. The prime example is Gwynne Shot well who is Musk’s right-hand woman and has been working with him for a long time. Musk knows how to motivate and retain the best talent in the industry to remain with him and work with commitment and zeal to make it count.

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5 thoughts on “10 Entrepreneurial Skills of Elon Musk that Everyone should Learn”

  1. Arumugam Rangasamy says:

    Hello.. Your article is so fascinating. I would say this article is important for every entrepreneur. Personally, I gained a knowledge on how to handle businesses and get succeed. Thank you s much for the post.

  2. Gaurav Heera says:

    Hi PRITAM,
    Awesome post……. your article is really informative & helpful for every entrepreneur. Really you have described everything in descriptive, simply yet effective too. You’ve done a great job with this.
    Thanks to share this informative article.

  3. Gaurav Heera says:

    Hello Pritam,
    Awesome post……. your article is really informative and helpful for me and other bloggers too because entrepreneurship is not as a cup of tea. Really you have described everything in descriptive, simply yet effective too. You’ve done a great job with this.
    Thanks to share this article with us.

  4. Arumugam Rangasamy says:

    WOW…… Great Inspiration.
    I enjoyed reading this article.
    Every entrepreneur must read about Elon Musk.
    Thank you for letting us know about him.

  5. Thomas Paul says:

    I agree with you. Without creativity and ability to learn, we will hard to success. Your article is amazing and I learn some good points from it. I will bookmark it and share with my friends. Thanks for sharing.

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