No CEO worth their onions can claim ignorance of “Elon Musk”. And that is a testament to Mr. Elon’s level of success.

Beyond being the wealthiest man on the planet, Elon’s ‘Space X Mars Program’ reveals his futuristic and forward-thinking prowess. But those are just 2 out of 274.9 billion reasons why you should listen when Elon talks about success.

We have stalked the SpaceX owner and researched Elon’s work methods. Now we present ‘Elon’s formula for success’.

We got every one of Elon’s quotes from other sources.

As a CEO, you will get excellent results if you practice these 5 tips. 

Shall we begin?

1. Start your day with top-priority work 

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“Focus on signal over noise. Don’t waste time on stuff that doesn’t make things better,”  Elon Musk says

Elon is the CEO of SpaceX, Tesla, Neuralink, The Boring Company, and others. Can you imagine how Elon manages it all?

Simple. The Tesla CEO starts his day by attending to the most critical work. That involves replying to high-priority emails so others can proceed with their tasks. When Elon wakes up at 7, Elon spends about 30 minutes reviewing his emails. 

What can we learn from this?

List your tasks in order of priority and execute them accordingly. That way, you set the tone for the day, and your team can work more effectively.

2. Read to lead 

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“You don’t know what you don’t know. You realise there are all these things out there.” – Elon Musk.

Elon is the actual definition of “leaders are readers”. The billionaire read the Encyclopedia Britannica when he was 9. As Elon Musk grew older, he read for 10 hours daily. 

Can you beat that? 

The exciting thing is that Elon didn’t just read books about science. According to Elon’s brother Kimbal Musk, Elon reads two books daily on diverse fields. 

No wonder Elon can successfully lead companies in different industries.

Now, what can we learn from this habit?

You don’t have to read for 10 hours as Elon did, but you must have the same hunger to learn. And that hunger will drive you to read as much as you can. 

You could listen to audiobooks or skim through books. Just make sure you are learning something new daily. You never know when it will come in handy.

3. Create instead of complaint 

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 “I don’t create companies for the sake of creating companies, but to get things done.” – Elon Musk.

Elon felt the physical banking system was too old, so Elon started an online bank, X.com. 

When Elon was tired of expensive rocket launchers, what did Elon do? Elon started SpaceX. 

Soon Elon got worried about congested roads, and guess what? Elon created the Boring Company. 

Do you see the pattern?

Instead of moaning and complaining, Elon creates solutions. Elon is quick on his feet and sees the answer to any problem thrown his way. 

It doesn’t matter what industry you are in. If you focus on creating solutions, you will succeed. Dwelling on a problem and hoping it will fix itself never works. 

So be proactive. Create the future you desire by building solutions.

4. Plan for success but prepare for failure 

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 “If something is important enough, you should try it even if the probable outcome is a failure.” – Elon Musk.

There is no exact science to success, and Elon understands this too well. According to him, “Failure is an option here. If things are not failing, you are not innovating.” 

So having a backup plan in place makes the impact of the failure easier to bear.

Elon couldn’t have predicted the massive success of Tesla Motors. But he took it on anyway. Now, look at where Tesla is today.

Simply put, Dreams don’t work unless you do. Put conscious effort into your dreams. But always have a foolproof backup plan in place.

5. Become a master at communication 

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“People work better when they know the goal and why. People must look forward to coming to work in the morning and enjoy working.” – Elon Musk.

Elon often communicates with his employees via email. Elon sets the goals and timelines and communicates his expectations. That way, everyone knows what to work towards. 

Also, when you listen to Elon, you’ll notice that he speaks about his dreams in the present tense. That way, you’d get sucked into Elon’s visions as if they were happening. 

And Elon’s ability to simplify complex concepts is pure genius. That’s why Elon keeps getting investors, even with all the social media backlash. This is because people won’t invest in what they don’t understand.

So, communicate clearly with your employees and investors. Speak in a way that resonates with them.

Next step to becoming like Elon Musk

It’s easy for you to learn excellent communication skills. But to achieve true business success, you must encourage excellent team communication. The easiest way to accomplish that is with videoconferencing.

You can check out the 5 top video conferencing apps. Or you can signup for the absolute best, TelebuJoin.

TelebuJoin is a simple, reliable video conferencing platform that doesn’t require downloads. You can quickly contact the team to request a demo or make inquiries.