10 RULES TO SUCCESS Get the Motivation And Do Something

 

 

 

think I need to pack this in why not
I don't ever give up I mean I'd have to
be dead or four they have fascinated he
has been referred to as the real-life
Iron Man he is a co-founder and CEO of
Tesla CEO a SpaceX founder of the boring company co-founder of neuro-link founder of PayPal and co-founder of open AI according to forbes he's the 20th richest person in the world with a net
worth of about thirty one point eight
billion dollars his Elon Musk and here
are his ten rules for success and then
just work like hell I mean you just have
to put it in you know 80-hour and you
don't hundred hour weeks every week and then matter like that but all those
things improve the odds of success okay
I mean if other people are putting in 40
hour work weeks and you're putting in
100 hour work weeks then even if you're
doing the same thing you know that in
one year you will achieve what that you
you you will achieve in four months what
it takes them a year to achieve I like your work ethic you need to work if anyone helped well you want to do in particularly for starting a company you need to work super hard so what is super hard mean well when my brother and I were starting our first company instead of getting an apartment we just rented us a small office and we slept on the couch and we showered at the YMCA and we're so hot up we had just one computer so the the website was up during the day and I was coding at night seven days a week all the time and I I sort of briefly had a girlfriend in that period and in order to deal with me she had to sleep in the office so I work hard like it you mean every waking hour that's that's the the thing I would I would say if your particular if you're starting a
company and I mean if you do simple math to say like okay if somebody else is working 50 hours when you're working 100 you'll get twice as done as much done in the course of a year as the other company have a high pain threshold but that's it there's a friend of mine who's got a good saying which is that Sonia company is like eating glass is staring into the abyss okay that's that's generally what happens because when you first start a company there's lots of optimism and things those things are great and then so happiness at first is high then you
encounter all sorts of issues and
Happiness will steadily decline and then
you'll go through a whole world of hurt
pets and then eventually you'll if you
succeed and in most cases you will not
succeed and Tesla almost didn't succeed
came very close to failure then if you
succeed then after a long time you were
finally get back to happiness people
want to be more like you so and
therefore the fate of humankind I think
it would be great to have more Elon
Musk's so what do we need to do to
become more like Elon alright I don't
know if that's I think it maybe sounds
better than it is [Applause].
yeah I you know yeah I mean honestly
like like there's a friend of mine he's
got a great saying about creating a
company which is creating trying to
build a company and have it succeed is
like eating glass and staring into the
abyss so I mean what tends happen is
it's sort of quite exciting for the
first several months of starting a
company and then then reality sets in
things don't go as well as planned
customers aren't signing up the
technology or the product isn't working
as well as you thought and and then can
that can sometimes be compounded by a
recession and it can be very very
painful for several years so I think
frankly starting a company you advise
people to have a high pain tolerance
people do not do not think critically
enough I mean this critical thinking is
a skill in short supply where people you
people take too many things as they
assume too many things to be true
without a sufficient basis in and in
that belief so it's very important that
people closely analyze what what is
supposed to be true and and and try to
build up try to say it lists lists
analyze things from first principles not
by not not not by analogy or not by
convention if you if you assume things
are true by convention which is actually
what most people do then it's difficult
to gain insight into what could how
things can be bettered so you know in
any argument or any sort of train of
thinking you want to make sure that
you're the underlying premises are valid
and applicable and and you know and and then in reaching a conclusion that the
conclusion reaching is necessarily
driven by the underlying premises and
the interconnection between  those premises that may seem like a really simple thing to say but most people

of rational thought if somebody is doing
something that is useful to the rest of
society I think that's a good thing like
it doesn't have to change the world like
you know if you make something that has
high value to people and frankly even if
it's something if it's like just a little game or you know the system improvement in photo-sharing or something if it does it how does a small amount of good for a large number of people that's I mean I think that's that's fine like stuff doesn't need to be change the world just to be good people tend to overweight risk on a
personal level it's one thing if you've
got you know a mortgage to pay and give
support and that if you were to deviate
from your job that well how you're gonna
feed your family and pay the rent and
okay that's understandable but let's say
you're young and you're just coming out
of college or coming out of high school
or whatever the what are you what are
you risk you know you're not gonna stop
I mean - it's really certainly not in
any kind of modern economy it's so easy
to earn enough money just to live
somewhere and eat food you could you
know that's that's that's any I mean
very easy to do so I don't know what are
they feeling afraid of they're it was
mostly afraid of failure I think or
immune but people should be less
risk-averse when there's not much at
risk you got to make sure that that you
that whatever you're doing is a great
product or service it has to be really
great and I go back to what I was saying
earlier where if you're a new company I
mean unless it's like some new industry
or new market that if it's an untapped
market or then then you have more
ability to your business the standard is
lower for your product or service but if
you're entering anything where there's
an existing market place against lodge
and trenched competitors then your
product or service needs to be much
better than theirs it can't be a little
bit better because then you put yourself
in the choose of the consumer and they say why would you buy it as a consumer you're always gonna bribe the trusted brand unless there's a big difference so a lot of times you know entrepreneur will come up with something which is only slightly better and it's it's not you can't just
be slightly better it's got to be a lot
better if you're creating company or if
you're joining a company the most
important thing is to is to attract
great people so either be would join a
group that's amazing that you've really
respect or if you've building a company
you've got to gather great people I mean
all the company is is a group of people
that have gathered together to create a
product or service and so depending upon how talented and hardworking that group is and the greeter which they are
focused cohesively in a good direction
that will determine the success of the
company so do everything you can to to gather great people if you're creating a
company constantly seek criticism a a
wealth a well-thought-out critique of
whatever you're doing is as valuable as
gold and you should seek that from
everyone you can but particularly your
friends usually your friends know what's
wrong but they don't want to tell you
because they don't want to hurt you so
yeah so they're you know there's I would
encourage my friends so and I'm not
gonna tell him what I think is wrong
with this product yeah it doesn't mean your friends are right but very often they are right and you at least want to listen very carefully to what they say and to
everyone you're looking for basically
you should take the approach that that
you're wrong you know that that that
knew the entrepreneur are wrong your
goal is to be less wrong don't just
follow the trend so you may have heard
me said that it's good to think in terms
of the physics approach for first principles which is and rather than reasoning by analogy you boil things down to the most fundamental truths you can imagine and you reason up from there and this is a good way to figure out if if something really makes sense or if it's just what everybody else is doing it's hard to think that way you can't think think that way about everything takes a lot of effort but if
you're trying to do something new it's
the best way to think and that framework
was developed but by physicists to
figure out counterintuitive things like
points of mechanics so it's really a
powerful powerful method people who've
been in the rocketry business for
decades yeah who say about you that 
don't know what you don't know well I
suppose that's true of anyone how can
anyone know what they don't know critics
say you can't do this your answer to
them is we've done it you know there are
American heroes who don't like this idea
the alarm strong genecernan have both
testified against commercial spaceflight
in the way that you're developing it and
I wonder what you think of that I was
very sad to see that because those guys
are yeah you know those guys are heroes
of mine so it's really tough you know I
wish they would come and visit and and
see the hardware that we're doing camp
and I think that would change them like
they inspired you to do this didn't they
yes and to see them casting stones in your direction it's difficult did you expect them to cheer you on so they hoping they would what are you trying to prove to them what I'm trying to do is to make a significant difference in in space flight and and and help make space flight accessible to to almost anyone and I would hope for as much support in that direction as we a  we converse it so those were anonymous10 rules for success coming below which one is your favorite and don't forget to comment.