Work like hell – Working is one of the most important drivers for success. By working far longer than others, one can outrun their competitors because they are making more progress. For example, someone working 100 hours a week would finish twice the amount of a person working 50 hours a week. I think that this tip is obviously important because working is the literal cause of success.
Have a high pain threshold – This means to not be vulnerable to pain. Pain in this scenario is not physical pain but mental pain. One of Elon Musk’s friends said starting a company is like eating glass and staring into the abyss. His saying basically means starting a company will be extremely challenging and devastating. Having a high pain threshold helps one persevere through tough times and help their company succeed. When I have big test in school, a high pain threshold helps me persevere.
Critical thinking – Critical thinking is to make logical thoughts based on evidence. Last week, I thought Father’s Day was on June 5, I am small brain, and my little sister insisted that it was on June 7, when its actually on June 21. Out family just went with the flow and listened to her, and in return, we celebrated Father’s day on the wrong day. This is just one of the many consequences which branch off from not critically thinking.
Add value to society – One’s company will only succeed if it changes society. The change does not have to be life-changing end of the world news. The change/benefit should be big enough to help people live better lives. If the company has little to no impact on the world, no one will want to but their products. All of the products that I want have their own special features.
Take risks – Taking risks is very important in becoming successful, but many people fear making this decision. This is mainly because taking risks induces a probability of failure, and nobody wants failure. When someone just graduated from high school, taking risks is not a problem, because Elon Musk says how earning enough money to have a home is not much of a grueling task. Taking risks can lead to failure, but it can also lead one down a path to success.
Have a great product/service – In order for people to buy a company’s products, they have to be convinced that it is the best. For this to occur, the product has to be both unique and significantly better. If the product is barely better, people will still continue to buy the other products. For example, Tesla cars run on electricity, which is way better than cars which run on gasoline because gasoline worsens global warming. I see advertisements for purple mattresses scattered all throughout the internet, and their new design makes it unique.
Attract great people – A company is formed by a group of people who share the same talents and beliefs. Together, they work together to bring the company forward. By attracting great people into one’s company, they will succeed more because greater people can provide better ideas and contributions.
Constantly seek criticism – Seeking criticism helps the company fix many flaws. Different people will have different perspectives on the company. Therefore, they will also have different criticism. Constantly seeking criticism from different people can help improve one’s company from all points of view.
Don’t follow the trend – Following the trend can lead one down a terrible path of failure. At first, seeing a separate company having astronomical progress can be attracting, but they might fail later on. *Cough* almost every video game *cough*. Also, following the trend will make the company less unique. If a company is not unique from the others, people will not care which company to go to, as they will all provide the same products.
Overcome critics – Criticism is very important in order to have a successful company, as previously stated, but some people never provide helpful criticism. There will always be a few people who just hate the company, and say that it’s terrible and how it will never succeed. If one takes this information seriously, it can cause serious emotional harm, which will obviously lower success. Overcoming insults can help one become invulnerable to bad critics.
