Elon Musk: How to Start a Business (Elon Musk 2017)

Elon Musk: How to Start a Business (Elon Musk 2017)

[Applause] you have to make it compelling and this is really at the key of Tesla is a car that you will covet that you want to draw it that happens to be very good for on the environment yeah exactly I think this is sort of general you know advice I’d give to people starting companies entrepreneurs in general is really focus on making a product that your customers love and it’s so rare that you can buy a product and you love the product when you bought it this is this is there are very few things that fit into that category and if you can come up with something like that your business will be successful for sure but it is generally true that innovation comes from questioning the way things have been done before and if in the education system you’re taught not to do that that will inhibit entrepreneurship there’s colonies elsewhere in the solar system and ultimately extend beyond the beyond our solar system and and so there’s the defensive reason of protecting the future of humanity and sharing that the line of consciousness is not extinguished should some calamity before the earth that’s the defense of reason but personally I find the more the word what it gets me more excited is is the fact that this would be an incredible adventure maybe like the greatest adventure ever mm-hmm and it would be exciting and inspiring and they need to be things that excite and inspire people yeah after your you know reasons why you get up in the morning it can’t just be solving problems it’s got to be yeah something something great is gonna happen in the future yeah 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 what do we need to do to become more like Elon all right I don’t know if it’s I think it maybe sounds better than it is there’s a friend of mine he’s got a great thing about creating a company created trying to build a company and have it succeed is like eating glass and staring into the abyss so I mean what can happen is it’s sort of quite exciting for the first several months of starting a company and then then reality sets in things that 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 consumers be compounded by a recession and it can be very very painful for several years frankly starting company advising people to have a high pain tolerance do you fear that maybe an in this generation or the younger generation that they don’t have that perseverance Ingrid to take on these really tough challenges I think some people do and I think it is definitely sure that I mean maybe they tional e companies that get created work where there’s not an extended period of extreme pain but but I’m not aware of you know very many sort of such instances so but I do think that the new great entrepreneurs are born of every day and will continue to see amazing companies get built yeah but I would definitely advise people there’s not any company to expect a long period of quite high difficulty but let me song as people stay super focused on creating an absolute best product or service that really delights their end customer if they stay focused on that then it should basically if you get a such that your customers want you to succeed then you probably will all right you have to focus on the customer delivering for them yeah make sure if your customers love you you will your other success or dramatically higher yeah so I noticed I picked up two kind of themes from from what you were discussing one was that somewhat audacious goals and the other was I don’t think I heard used word profit and anything that you spoke of but you seem to be each each thing is pointed that reinvigorating in industry or bringing back space missions how much of your success do you attribute to having really audacious goals or versus just not being focused on the short term you know money coming in or their investors approach one one does have to be focused on the short term and money coming in when creating company because otherwise the company will for die so that the I think that a lot of times people think like creating company is going to be fun I would say it’s not it’s really not that fun when their periods of fun and their periods of where it’s where it’s just awful and particularly if you CEO of the company you actually have a distillation of all the worst problems in a company there’s no point in spending your time on things that are going right so you only spend on things on your time on things that are going wrong and they’re things that are going wrong that other people can’t can’t take care of so you like the worst give a filter for the crappers problems in the company the most pernicious and painful problems so I wouldn’t say it’s I think you have to feel quite compelled to do it and have a fairly high pain threshold and there’s a friend of mine who says like starting companies like staring at the abyss and eating glass there’s some truth to that we’re sharing it’s the best part is that you’re going to be constantly facing the extermination of the company because most most startups fail now it’s like 90 percent ugly 99% of of startzville so I so you that that’sa staring into the abyss plug you can’t constantly saying okay if I don’t get this right the company will die and and then you’re eating glass parties you’ve got you’ve got to do you’ve got to do the problems you’re gonna so you’re gonna work on the problems that the company needs you to work on that problems you want to work on and so that the unit working on problems that that you’d really wish you weren’t working on and so that’s the eating glass part then that goes on for a long time so how do you keep your focus on the big picture when you’re constantly faced with we could be out of business in a month well it’s just a very small percentage of mental energies on the on the big picture like you know you know you know where you generally heading for and the actual path is going to be some sort of zigzagging thing in that direction it try not to deviate too far from the path that you want to be on but you’re going to have to do that some degree but I don’t want to I don’t want to diminish that I mean I think the product the profit motive is a is a good one if the rules of an industry are properly set up so it’s only fundamentally wrong with puppet in fact profit just means that people are paying you more for whatever you’re doing then you’re spending to create it that’s a good thing and if you’re not if that’s not the case then you’ll be out of business and rightfully so you’re not adding enough value now there are cases of course where people will do bad things in order to achieve profit but but that’s actually quite unusual I mean because because usually the rules are set up mostly correctly like not completely with mostly correctly how do you spend your days enough like what what do you allocate most of your time to my time it’s mostly split between SpaceX and Tesla and of course I try to spend it’s a lot of every week at opening I basically half a day at opening I most weeks but other than that it’s really ideal when you’re a little extra Tesla like what is your time look like there yeah it’s a good question I think a lot of people think I must spend a lot of time with media or on business new things but actually almost all my time 80% of it is spent on engineering design engineering and design so it’s developing the next generation product at that’s 80% of it you probably not remember it’s a very long time ago many many years you took me on a tour of SpaceX and the most impressive thing was that you knew every detail of the rocket and every piece of engineering that went into it I don’t think many people get that about you yeah I think a lot of people think I’m kind of a business person or something it was fine I like Fitness is fine but a guy really you know if I get SpaceX Gwynne Shotwell is chief operating officer she kind of manages legal finance sales and kind of general business activity and then my time is almost entirely with the engineering team working on improving that the Falcon 9 and the Dragon spacecraft and developing the most colonial architecture and that Tesla it’s working on the model 3 and some in the design studio took a half a day a week dealing with aesthetics and and look and feel things and then most of our week is just going through engineering of the car itself as well as engineering of the factory how should someone figure out how they can be most useful whatever the things that you’re trying to create what would what would be the utility Delta compared to the current state-of-the-art times how many people it would affect so that’s why I think having something that has that’s that has a mix makes a big difference but effects a sort of small to moderate number of people is great as is something that makes even a small difference but it affects a vast number of people like the area yeah you know under the clothes yeah exactly the area under the curve is would actually be roughly similar for those two things I mean I think there’s a lot of things I mean I sort of I mean certainly you know listen listen more to critical feedback I mean like a lot of things I learned in college actually are pretty helpful I mean the thankful physics approach to thinking is very good like the first principles approach and you applied that in broadly yeah applying the first principles approach to thinking is I think a good way to figure out the counterintuitive situations and I thought that I thought that I was that was really a helpful thing to learn whereas there’s many things that need fixing in the world and students here probably to think of a long list many of which you could probably imagine solutions to using the physics first principle approach but has there been any framework or idea if you’ve used to filter out what you don’t do what you don’t pursue I mean would if sort of followed or what it initially was you know I won’t go back to like college Santa’s working on energy storage technologies for electric vehicles and that’s what I was going to pursue at Stanford actually with work work on like advanced capacitors and batteries to improve the energy density for electric vehicles and then the internet was kind of happening it was like the internet was happening like back in 94 95 and I wasn’t sure if what I worked on in the PhD would actually be useful so I was like I was really concerned that if I’d line timing or what was intuition meaning I think it could be academically useful but not practically useful like thank you you could result in a PhD and adding some leaf to the tree of knowledge but then then discovering that well it’s not really going to get a matter like that’s is it is it going to be a good enough thing to actually be used in an electric vehicle I wasn’t sure I mean so it was like I was uncertain as to whether success was one of the possible outcomes like I thought maybe it was but I wasn’t sure and and then I thought well if I watch the internet get bill while I’m doing this that that would be really frustrating there’s a sense of that eminent tining like that was the time for the internet and maybe yeah it was tough could wait or be in the back was it always there is like one day I’ll get back to that or was it that’ll probably get back to it and did end up doing that a bit yeah absolutely the internet was happening it like really taking off all the most people weren’t aware a bit in 95 and and so I figured like electric vehicle technology energy storage technology will be some sort of natural progression in that and I could come back to it later but the internet you know it was really that was the moment to really do something although in 95 it wasn’t obvious that you could actually make any money on the internet this was like no nobody until Netscape went public I think at the end of 95 at nobody even thought there was like you could make a valuable company on the Internet melodia says it seems now yes like now it seems really obvious but back then I was not at all and then the Internet is also helpful because it’s anything to do with software is a low capital endeavor so I didn’t have any money I just had a bunch of students dad but but software you can just write like by yourself and you don’t need a lot of atoms like you don’t need a lot of tooling and equipment and such like capital intensive so the ability to start a company if it’s software related and it’s the first company is much much easier and it seems obvious now but of course the easier place to start and maybe a more of a personal reputation and had more personal capital as some Marianne I know SpaceX was ill but was entirely funded by Elon for its first period partially from you know in an era when others probably wouldn’t have funded it right in those arrived two days oh and actually I mean before the precursor to to SpaceX was not the idea wasn’t really to create a company it was it was to try to figure out why we hadn’t gone ten people to Mars going from PayPal so the next thing I was sort of thinking well it is a some way to reignite the dream of Apollo that says you have a useful company so benign in a high-growth scenario you have a lot more inputs for for future outputs so that you have negative cash flow and like a profitability and which we currently have a Tesla but in the long term of course that has to be that that has to be fixed they can’t be negative cashflow and long term and that there needs to be a net positive output which is sort of profits in the long term but in the short term when there’s high growth that that doesn’t it isn’t the most sensible thing when you have this thing that every employee and customer knows is the purpose of the company how do you see that flowing through to benefits for the company I think having a purpose suddenly is going to attract the very best talent in the world because if people can do something it’s intrinsically enjoyable and the branch rewards are good but then also it’s something that’s going to genuinely change the world and that’s I think that’s pretty powerful motivator and but I don’t think you like everything needs to change the world you know you know honestly like there’s lots of like useful things that people do and I mean I think it really it should be like a usefulness optimization like just say like is what I’m doing as useful as it could be you tamen through the goal of an organization well in general yeah and you know just even if something isn’t changing the world that could make making people’s lives better I think that’s that’s great and you know if even if some things like making own people so it’s only slightly better but it’s a large number of people and kind like the area under the curve is is quite good and that mathematical first principle the point utility in number ugly yeah like I mean it’s sort of like the point it’s like so like it’s like some app really making people’s lives better fit specially but if it’s affecting a lot of people even in a small way then yeah these sort of area is good it’s always really tricky to predict the future alright some of its pretty obvious like computing power is going to be just crazy and really the big change is the cost of computing power hmm not so much the sort of circuit density so the Moore’s Law thing but if you if you look at say what is the actual dollars per instruction and and that that is dry I mean that that that cost is is dropping exponentially anything about it like you making a computer just you’re rearranging silicon and copper you know so one on a little chip and once the capital cost of the development and the the chip plant is paid for the act I mean the module cost of a chip is very very tiny so I think we’ll see massively parallel computers and kind computing power and storage being you know as really as much as you want it is interesting I to start with that like it’s like I don’t know what else to predict but as a foundation we’re sure of this seems like the safest starting you know premise but then what is that ripple through to and feels like genetics in AI which you mentioned autonomous driving space related topics I mean just ubiquitous computing everywhere I like AI is going to be incredibly sophisticated in 20 years hmm the when the first it like it seems to be accelerating and that the tricky thing about predicting things when there’s an exponential is that next potential looks like looks linear closed off and and it’s actually it’s not linear so and a I appears to be accelerating that’s what I can see engine so that you look at autonomous driving and point a is like this theory like functionality as you have guideposts well I had sort of debate about someone like is AI accelerating or not and the key thing like you think well what’s the y-axis you know if you different accelerating your T on the x-axis but what’s what the y-axis as well thought about that I think you can have a recursive y-axis so that if at any point in time your predictions for AI are coming sooner or later that that actually would help to find whether it’s accelerating or not whatever that axis was so you magically get didn’t ever immersive access like so if in any given year if you find your predictions are going further out or coming for the river coming closer ran that that actually you know it was one way to think of acceleration because like because otherwise what’s the what’s the quality verbal quantitative measure of AI and I can certainly see that with with autonomous driving you know three years ago I thought it was ten years away and at two years ago I thought it was five years away now I think it’s three years away or less than three years away Wow so any me say away like like like release the market available for consumer adoption is as opposed to prototyping no I mean like like the technology works there’s a sort of second question as to when regulators would approve a yeah yeah yeah yeah but but like look at that technology works as a general solution so like Tron was driving like crisscross anywhere so it could be sooner for point things like highway only or in hi only we’re already in public beta with this Tesla so we’ll be hopefully in the next several weeks releasing to to all of the cars that happen the autopilot hardware which is all car spoken like roughly the last 12 months and so for sure ubiquitous computing AI that’s beyond anything like the public appreciated today I think will have most of the new vehicles being produced being electric and will be probably have the supermajority of energy being produced being sustainable so I think I think we’re on head of solar primarily in your mom early solar yeah I think that those are sort of some good things like I think will be and hopefully on a good path for sustainable energy sooner is always better but I think by 2035 I think will be substantially like what most of transport most of new energy being produced will be sustainable broadband everywhere broadband everywhere yeah and hopefully hopefully a small base on Mars or some school city on Mars in 20 years years I’m gonna sit here well okay fine town village of you Hamlet I mean that’s exciting I mean that could get people fired up about the teacher yeah I do I agree exactly I mean for sure for sure Mars and sustainable transport like those items I think are really very sustainable energy those are I think really cool things I mean in terms of getting excited about having needs I think we’ll probably start seeing like more like truly sidewalk activity like human brain in like like the look range of your interfaces like there’s a long side the AI is that are purely yeah yeah I think so the only way we can relate I think you know and have a conversation and there are amazing things happen like happening these days like this they’ll be able to figure out how to do it auto fishel hippocampus in rats and monkeys and and now they’re looking at at doing that to solve severe epilepsy about half of severe epilepsy cases originating at so hippocampus by having sort of an artificially augmented hiccup hippocampus they can actually solve the severe epilepsy cases other board members asked and maybe they cheering up kind of method with some quoting Bill Gates or somebody that said you know if you haven’t failed and you’re not learning or so that’s a paraphrase of the clothes and I remember your reply and I have it written as a quote because I want to put it on a placard given the options I prefer to learn from success that me good I can come back and so I guess Alec series in general what do you think of the Silicon Valley mantra fail fast fail often or as Esther Dyson says always make new mistakes as well as if failure is the crucible of learning and experience if you have any further thoughts on that and that may be off-the-cuff comment you made out there I mean there are there are many bits or I mean I think it’s sort of just like some entropic basis but it’s like there are many walk more ways to fail than to succeed so you have to explore I mean take like for a rocket there’s like a thousand ways to think and fail in like one way it can work so you could you could have a lot of rocket fires to explore all the ways in which you could fail if it but I didn’t think that one great thing about looking at is failure is not a not a big stigma so it’s like if you if you try hard and it doesn’t work out that’s okay like you can learn from that and you know do another company and it’s not a big deal and that’s really one of the great things about talk about it interesting do you also I’m curious if either on the well it seems to me that on the system design side you can accommodate a likely failure of sub components and so much of the elegance of what they have Falcon nine or a fucking nine heavy at an ultimate incarnation of this vision of how the rocket should be built to say hey parts will fail thing but here’s other system can succeed and I’m curious if there’s any other thoughts along that how to how to accommodate anticipated failure and then also maybe inner like in managerial II is there ways that you motivate the team either in advance of failure to coach them on it this is going to happen or in the aftermath of failure to get them fired up to solve it and move forward when it might be dark times and like for example you emotions like failure to launch you know exploding on the paddy know there’s all these it’s a very visual it’s public spectacle when you have a setback in the rocket industry you can curious how you manage around failure I mean it’s I think it’s it’s like quite quite painful and difficult honestly and it feels terrible that the company is sort of looking to you know me to you know rally them and I do but honestly feel super bad like a punch in the gut yeah yeah remembers almost like a tight like the stages of grief I remember yeah I mean it’s just I mean it’s particularly with Rockets it’s just a really quite space is hard and rockets tend to fail unfortunately and even when you’ve got a lot of really smart people working super hard to minimize the probability of failure it’s still still there and it’s and it’s no it’s quite significant every lovasco nyquil wire wire rockets are especially hard and you’re part of it is like everything has to work the first time like there’s there’s no you can’t do a recall you can’t patch it it’s like nine minutes to orbit or it’s over and and then the that you know what you can’t you can never test the rocket completely in the environment that it’s actually going to experience you can’t fully recreate something that’s moving super fast in a vacuum on surface of a like you can only really record recreate that on in space so they limited the simulation tools all right is that a limit of the simulation tools today or that yeah absolutely other if there’s any error between the simulation and reality and there’s always so amount of error then then that that can result in failure it’s a really really tricky one it’s like in a software analogy it would be like if you had to write a whole bunch of software modules and you can never run them together and you can run them on the target computer look like when you’re testing them you’d have to test them individually and not in the actual computer that they’re going to run on gotcha then you put them put all the modules together run it for the first time in a completely different very different computer and it has to run with no bugs that is difficult the software analogies to rocket design are deep modular reuse I mean many of these like those who are in earth it’s not like this is an aerospace engineer by traditional training coming but but is in fact radically changing industry I think applying ACS perspective to industry after industry I’m like how would how would you know computer scientist or a physicist approach the problem which oftentimes the solution very unlike the industry incumbents there’s there’s a certain elegance to it at least from the outside what do you look for in design and related if you’d like what do you look for in art design might be more immediately there lord I mean you you want to make something beautiful you want to trigger whatever whatever fundamental aesthetic algorithms are like it in your brain you have I think some intrinsic elements that represent theory and and let that trigger the emotion of appreciation of beauty in your your mind and I think that these are these are actually relatively consistent among people I mean not completely so if you like not everyone likes the same thing but there are there’s a lot of commonality and and there yeah and they’re worth it but but I think it is important to combine aesthetic design with functionality like if you say like what was really hard about the Model S or the Model X was to combine aesthetics and utility so to balance the two you can make a car look very good by giving it sort of certain proportions I keep making it sort of low and slim and if you if you do that the utility is significantly affected and so the big challenge with the set of Model S was trying to figure out how do we get five adults plus two kids because I wanna have from 17 a big challenge with the like with with es was having a car that had a high utility and look good and the same with the X so like it’s like with the tomato sports car look good is relatively easy but to make a sedan look good or an SUV look good it’s because quite difficult and I think another principle is you want to have it feel bigger on the inside then it looks on the outside and that that’s also really hard thing to do and then you really pay attention to the little details the the nuances of design and shape and form function and the way it looks in different lights and when something’s off the little thing how do you experience that there drives me bananas yeah I mean it the problem is like if you you can train yourself to to pay attention to the tiny details I think almost anyone can although it this is a very much double edged sword because then you see although we’ll be fit and then little things driving crazy so but like most people don’t they don’t see they don’t consciously see the small details but they they do subconsciously see them like you sort of your mind takes in a result of the overall you know the overall impression and and you know if something is appealing or not even though you may not be able to point out exactly why and it’s it’s a summation of these many small details so most of us experience it as a way that’s ugly or I think that’s beautiful or like wow that’s elegant but ya can’t break it down you mentioned something in passing like you can train yourself in this though yeah you can train yourself I think you can make yourself pay attention to why you essentially bring the subconscious awareness into conscious awareness I wish I could do that how do you do that just Paik really close attention almost like a meditation on the object trying to find the details like why do I not like this is that what yeah look look closely and carefully mm-hmm and if for any given object its that it’s geometry there’s always something wrong somewhere all the time and so as long as people say super focused on creating an absolute best product or service that really delights their end customer if they stay focused on that then if your customers love you you will you’re a success or a dramatically higher

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About the Author: Oren Garnes


  1. How do you start and operate a successful and momentous business when you're only able to save $10,000 after years of efforts? When you have to go all in or lose everything. It's tough for a lot of people who struggle with <$40,000 household income

  2. Awesome guy!!! I love that he is honest about his success. People only see the billions of dollars – not the sweat and pain he spent and will spend.

  3. Hey random person scrolling
    throught the comments. I just want to say have a great day or night.

    Remember your loved and you have a purpose in this world. Always stay positive and never give up in life and on your goals

  4. But, what if you are a musician/composer like me and there are sooo many others in the industry that may not be necesarily better but they are more high up contracted by the majors and such? Then making new, fresh and technically good stuff doesn't bring you always further . . .
    Now, I do realise that I can keep myself alive with my work, which is special in itself, but my music is not reall a thing that people seems to "need", "want" or are eager to buy tickets for.

    In my opinion that is due to the lack of marketing budget, a good agent/impressariate. But of course the bottom line may be my attitude as well, not seeing the blind spots. I want to see them to improve the interest of others to get to know my music and my abilities to creat it in such a fashion that it really stands out. But maybe I am too eager to see it..? Who knows?

    My goal is to write more music for feature films and play a little more live concerts in reasonable theaters. Just to be able to show a different and hopefully an inspiring world where one could see their very own creative capabilities.

  5. Did you know it’s not true that tesla spends nothing on marketing. When Elon launches a new vehicle he markets it otherwise how would people know. You think when he introduces a car it that he doesn’t spend money then you are out of touch with reality.

  6. Listening. Our schools though have real challenges teaching entrpreneurialism. This requirement is often self-taught through advanced leadership, innovation, insight, research, tenacity, and desire to improve upon the world. It is true, if clients/customers/employees believe in their greater leadership, that leadership must inspire more often than not.

  7. Starting a business for younger generations is infinitely more difficult than how it was for baby boomers. The amount of competition and other tactics, even with women coming into the workforce now it has doubled the amount of people doing the same thing (not that it's bad women working it's just vastly different to before).

    One thing I've learned from seeing people run businesses who are close to me, is that a large degree is luck, but the more important degree is constantly perservering even when it looks hopeless. I know a guy who survived two recessions and it looked like the business would shut down – he borrowed 50k off his father and other people, at the risk of losing it all and being 50k in debt.

    But because of that, it saved his business through the recession (employees were getting paid from his pocket not from income of business).

    It takes a certain degree of insanity to be successful.

  8. I love listening to him, him and MIchael Makabi are always so refreshing and inspiring. It's sad to see people make negative remarks on his speaking. I don't talk like this constantly but my mind runs so much faster than my mouth and I often have trouble getting out everything on my mind, but I do get my pint across.

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  10. Focus on the product that your customers love — a fantastic piece of advice, if every entrepreneur can focus on the products that customers love we would never have businesses closing down after an initial excitement.

  11. I don't understand anything about this discussion. what's that? looks likes someone to play a role for tempting people, ?! this is the American heroooooo

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  13. Lutherangrants/com saved me from bankruptcy .They got me a grant of $42,000 yesterday .I am so grateful to them .

  14. The person who is more educated is quit simply the person who has lived a whole lot of life and learns from it, not the person who has a degree

  15. It seems like the woman interviewing is more interested in speaking than listening, watch this and then watch it again.. she completely disregards what he is saying, " yeah" Yeah" yeah" she isnt really listening to him.

  16. Lost me at solar system, it doesnt exist u know this most of all Elon, remember your "it looks so fake its real"

  17. "Everything around you is made by poeple no smarter then you, dont wait for change, be the change"

    -bill gates

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  19. "make a product that you will love" damn humanity has really stemmed far from logic and common sense. I blame china

  20. I have been successful my whole, now I’m in that part of life where I feel the lowest the saddest, two babies and a lot of house work rarely I go out, the devils of depression and anxiety are haunting me, I started to do jewelry work with gemstones and 18k gold every piece is unique and made in very long process in my days, I’m not hoping for money as I’m hoping to make people happy and get friends.

  21. Without doubt, many people want to be rich. So, the question of how to get rich is a pretty common one. Many people think the answer to the question is to become an entrepreneur and start a business. However, there are many other ways to get rich, although, it definitely depends on your idea of being rich. Some people believe that to be rich, you must have power and influence, some believe being rich means you have impacted society in a way people can never forget and some believe that being rich is being a billionaire/millionaire.

    Anyways, read the below. This might help.



    Sourav Basak

    Namaste UI

  22. It sounds like Elon is trying to tell everyone, that we will improve in nearly everything by working together or at least thinking of how whatever you are creating or offering will affect the other workers or clients and wanting it to be the best it can be.

  23. this nut job captivates so many fools, he's freeking subsidize by the U.S government he ain't that smart. Don't drink the cool-aid.

  24. I'm not trying to be an asshole and I respect Elon for what he's done but starting a business is the riskiest shit. What if it fails? What, am I supposed to take another couple thousand dollars from the bank and start all over and be in more debt? That's my biggest concern

  25. A normal conversation

  26. During the interview her pussy was dripping you can see it while she is agreeing at what elon is saying! ?

  27. Hey,

    Great Video.

    What other hints have you got?

    Right now i'm looking at other good tip videos

    Look forward to your reply


  28. If you guys need a push , i work in Lending and i fund companies all the time, cannabis, start-ups, everything

  29. we can make amazing meme of this girl shaking her head for a long time

    yeah…..yeah yeah…yeah……..yeah yeah yeah …….

  30. Executives : What kind of interviewer should we get for Elon Mu-

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  32. The best way to get started is to avail a program/training from mentors/experts who have done 7, 8, or even 9 figures in social media marketing: tailopez.com/A3081943

  33. His advise was mute. Nothing impactful or original.
    And WHAT TF WAS SHE DOING asking him "EVERYONE WANTS TO BE ELON, HOW DO WE BECOME ELON?"… what in the minion mind kinda question is that??? I was waiting for this fool tonsummon to her knees and suck his dick….speak for yourself woman, everyone DOES NOT want to be Elon, manybwant what Elon HAS. Get that shit right. I cantvstomacj when minion type personalities interview people because it's these minions that over inflate these people's minds into thinking the world wants to be THEM. Why tf do you think Kanyes mindless head got to the super exorbitant size it's become??? Become of surrounding himself with too many MINIONS via interviewers and thirsty desperate yes men. It's dangerous to exalt a mere human. Exalt God. The universe, the Galaxy, not some bumble brain human who's only in control of a fraction of his own brain. Just saying

  34. If you're considering starting a business, have started a business already, or are running one during the first 5 or 7 years of its existence, this post will be useful to you.

    I'll explain step by step the entire process in 10 crucial steps.

    The important thing is to complete EACH step completely before moving on to the next step.

    Your chances of success will truly be maximized if you complete each step successfully.

    On the other hand, missing one step will SIGNIFICANTLY increase your chances of FAILING.

    Interestingly, each step completed puts you in a DIFFERENT universe, one where your odds of success is significantly higher.

    For example, having a business plan (no matter how imperfect) will tend to increase by 10 or 20 percent your odds of success.

    So here are the steps:

    1. Do market research to figure out an unmet NEED. (No, don't try to CREATE a need. It's a common mistake to try to get people to need what you offer.)

    2. Clearly identify and define the TARGET MARKET.

    3. Create a product that fulfills that NEED for that TARGET MARKET. At this point, it's probably still a prototype so you want to put it in the hands of beta users and get detailed feedback on how to improve it.

    4. Develop the product until you have a functional product that you can charge money for. Doesn't really matter how little you charge.

    5. Recruit a team to help you to build the company. Offer equity or profit-sharing to team members.

    6. Write a business plan.

    7. Present the business plan to investors. Get feedback and/or investments.

    8. Create an actionable marketing/sales plan, including digital marketing.

    9. Recruit a digital marketing team and, if possible, pay for performance. That is, pay them commissions only, but be generous.

    10. Create a system (I'll provide one through ABI, my Artificial Business Intelligence) that helps you to collect information and data in real-time to properly manage your business.

    So friends, there you have it: the 10 super-strategic steps to build a business from scratch.

    These are the steps that, as a business consultant, I help entrepreneurs and startups go through.

    Anyone can do all these steps, but most people conveniently ignore them or deceive themselves by thinking, "Oh, I learn through action, I just want to try it out and see."

    No. You will fail.

    That's because business is a very TECHNICAL discipline, like engineering or dentistry.

    You must know what you're doing.

    Business is not a "social" activity where you network, chat with prospects, and hope to build a solid, positive-cashflow business.

    It's not even about digital marketing although it can amplify your business results IF you've got these ten steps in place.

    I hear of people who have lost $200,000 in business, or who wasted $20,000 hiring a publishing company to write their book — which, after I read it in a few minutes, seems NOT to fulfill any need for any particular market.

    It was just vanity publishing.

    Yes, it's good to learn from trial and error, but losing so much money BECAUSE one did not diligently go through the 10 steps above, seems pretty stupid.

    So we must be hard on ourselves and summon the courage to do the right things, one step at a time.

    Join Entrepreneur Academy for more guidance and resources: www.tinyurl.com/entrepreneuracademygroup

  35. Elon Musk sounds like he's holding back on more than what he's disclosing. He's reluctant and careful with the words he's using…

  36. I run a business, it involves creating business plans for people to include market research and financial forecasting. If anyone needs one done Id be happy to help.

  37. Become apart of one of the fastest growing industries today. No money to start. https://myctfo.me/maneselluseye7/opportunity/

  38. Great video! The Promo team recently wrote a blog about evaluating business ideas that could be helpful to people looking for another resource related to this topic.
    Check it out here: http://visit.promo/EvaluateBusinessYT
    Hope it helps and happy reading!

  39. Hey you! Yea yea, you, nehind that screem, scrolling down hoping to find god knows what..

    Let me tell you something about Elon Musk.

    He stutters.

  40. Anyone reading this you are loved by someone so stay positive we all have a purpose in this world and if you think no one loves you I love you and most of all god loves you

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