Trending after the purchase of renowned social media platform – Twitter, Elon musk is off the charts with his exceptional entrepreneurial skills. So what do you think he gets courage from? Will it help aspiring Entrepreneurs?
Talking about his personality, he is coined as a visionary, innovative and futuristic entrepreneur with a tenacious single-minded vision and charismatic personality. Over the last 5 decades, Musk is making strides to cater all possible fields of interest to get an edge over different aspects. Some of his recent ventures are PayPal (PYPL) and Tesla (TESLA) as a co-founder; SpaceX, Neuralink, and The Boring Company as a founder. He brilliantly poured his influence on our nascent minds through his firm determination and dedication. The most iconic personality keeps influencing the youth by posting regularly, and here are some tips for aspiring entrepreneurs to go unrestrained.
Is it really a step worth taking?
Elon Musk is known for his gregarious, rational, and judicial attitude and fast-paced, critical and flawless approach. People deemed Elon Musk’s act too bold to buy Twitter, but while looking at the charts, you will see how it is targeted to improve the growth of the rest of his verticals.
“Your will is the most accurate way to predict your future” – Elon Musk
Analyze Situations Thoroughly
Negative or Positive, an entrepreneur should look at every aspect of the deal. Don’t forget, Twitter’s 2021 annual revenue stands at just over $5 billion. Musk considered free speech “the bedrock of a functioning democracy” and Twitter as the “digital town square where matters vital to the future of humanity are debated.” He enacted as a professional who wants to mend up for what he considers unfair. For instance: reinstating the account of former president Donald Trump. Besides, Twitter has aimed to target over 329 million reach in 2022.
A Big-Wig Future Visionary
Tesla is a small car company with a strong stock –market value is one of the bedrock that makes him the richest person in the world. As a dominant market player, Tesla is not just like an ordinary startup, but a cohesion of individual shareholders who are extremely optimistic about Tesla’s future success and have trust in his vision for the future and not in his companies. Initially, Tesla needed a lot of money to set up factories, incorporate equipment and futuristic technologies and sold millions of dollars of stock to new shareholders to get funded.
Accept Constructive Criticism
This charismatic founder often turns noisy online and cracks puns that are vetted by the lawyers. Writing bland things is often full of criticism for mogul personalities. Vicious critiques are too hard to tolerate, while constructive criticism acts as a booster for many. Seek critical feedback and learn not to take feedback personally to not get discouraged ever. But don’t let naysayer descend your efforts. Remember that you are in the trial and error stage and ready to learn from your gaffe. When you are deeply involved in something, spotting slip-up turns tricky, but it can be done by others effortlessly. Since he associates himself with a science-fiction character, people love his sarcastic jokes that heighten the work spirit.
Employees Hold the Rest
From culture to energy, the team working in an aligned ecosystem is necessary to make things get off the grounds. Set up your company culture in an inclusive and accepting way to be prepared for what it takes to be a boss. In a team, everyone should understand the mission, goals, and the reason behind their joining the company. If the goal is defined and understood by them, let them be a part of your goal. Treat them as a family so that they treat your brand as their own for sure growth.
Invest in Multiple Revenue Streams
Whether it’s money that motivates him or something else of great value, we have seen Elon Musk’s journey of investment and startups. Nothing can stop him, even if he has multiple things going on in his mind. Get as many dreams as you want to encourage diversity in your approaches and learn diversely. Having vision keeps you up and going. For many entrepreneurs, success is not making a business go successful, but inspiring others with a clear vision and approach. Keep your vision open for vibrant and innovative options and try to see many things at once.
It’s no secret that startups are painful. Your ideas may take you to new heights or may dump you down on the grounds. Whether a management student or an IT student, you have an abundance of opportunities waiting for you. But exceptional courage is the necessity to make the idea gain ground. Also, we have just given you a glimpse of how others work, but we still believe that every individual is endowed with his own talent. Find your inspiration and stay successful.
At IPEM, we train our students to focus and garner entrepreneurial skills to come up with worthy ideas and perform exceptionally to gain an edge over others. Students having an MBA degree program in hand are more likely to get hands-on skills to learn. We have a placement cell to outdo with possible placement opportunities and grow rapidly. With a trained faculty from different walks of life, we encourage students to think out of the box and nurture.
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