You may know him as a master innovator, businessman, scientist, and now the richest man on Earth, but at the bottom of it all, Elon Musk was a regular student with an inquisitive mind and big dreams. He saw a lot of failures in life but he persisted through it all, which is one of the best qualities you need to imbibe as students who are looking towards making it big in life! To help you out in your journey, here are a few secrets to success by Elon Musk himself, that can help you reach your highest goals in life!

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So without further ado, let’s jump right into the best advice given by the brains behind PayPal, SpaceX, Tesla, and a bunch of other innovative ventures that have taken the world by a storm!

Take Risks Before Its Too Late in Life

The best time to be an entrepreneur is when you’re young. “As you get older, your obligations increase,” Musk said. “So I would encourage you to take risks now, to do something bold, you won’t regret it.” As you get older, risk-taking also impacts your family and children. Not to mention, you’ll have much less time on your hands. Instead, take risks now when you don’t have these other obligations or time-commitments.

Work Hard To Make Your Vision Come True

Elon Musk is known for his killer work ethic. He often works up to 100 hours a week between his multiple companies. Nobody says you have to do the same but remember Elon next time you feel exhausted. Remember Elon when you feel unmotivated. He’s setting the pace for what it means to push yourself. If you’re not doing the same, you may be sacrificing your potential.

“Work like hell. I mean you just have to put in 80 to 100 hour weeks every week. [This] improves the odds of success. 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… you will achieve in 4 months what it takes them a year to achieve.” ~Elon Musk

Learn To Prioritize

Throughout your college life, and professional life thereafter, you will have many things that attempt to demand your attention and time. In order to make headway, you must develop the ability to prioritize — After all why obsess over getting an A if you don’t really need it? Musk has managed to make this something of an art-form.

Emails, for example, will vary widely in their importance to you personally and professionally. Learn to filter the irrelevant from the relevant. You can use software solutions to help you out, but even so, there will be messages and tasks that can really wait. You can also maximize your time by cutting down on your time on social media or by turning off your phone altogether.

Create a Feedback Loop For Yourself

In order to become a high-achiever like Musk, you will need to learn to question yourself constantly. Could I be wrong? What am I not seeing here? Is there a better way of doing this? What mistakes did I make in the past, and what did I learn? Musk is all about continuous improvement of the self. Study and judge yourself regularly.

Attract Great People

All a company is, is a group of people working together to create a product or service.

In his commencement speech at USC, Elon Musk explained that if you are creating or joining a company the most important thing is to attract great people.

“Join a group that is amazing that you really respect or if you are building a company you’ve got to gather great people.”

Create, Don’t Complain.

Most people complain about traffic. Not Elon Musk. Instead of moaning about the problem, Musk searched for a solution. This resulted in The Boring Company, which seeks to decrease road congestion by creating a tunnel system. Building the future for yourself is the best way to achieve the outcomes you actually want. This was a lesson that helped Mike Kogan of Wolfie in the development of his company. “Complaints are a sign that there is a problem to be solved,” he says. “Paying attention to complaints is a great way to find innovative ideas that people actually need.”

Be Prepared For Failure

No success comes without having to face failure first. Even Musk couldn’t predict how Tesla Motors would turn out. But as he explained: “If something is important enough you should try even if the probable outcome is a failure.” If you care about something, you should put every effort into following your dreams. At the same time, be ready in case it doesn’t work out. It’s easier to recover from a failure if you already have a backup plan.

Don’t Chase Trends

“Don’t just follow the trend,” Musk said. The most successful companies focus on creating new innovations. They don’t try to chase the competition. Jonny Videl, CEO, and founder of Viral Contest Marketing has learned a lot from Musk when it comes to this. “Going viral doesn’t happen by accident,” he says. “Stand out by focusing on what makes you unique instead of chasing others.”

Learn To Prioritize

Throughout your college life, and professional life thereafter, you will have many things that attempt to demand your attention and time. In order to make headway, you must develop the ability to prioritize — After all, why obsess over getting an A if you don’t really need it? Musk has managed to make this something of an art-form.

Emails, for example, will vary widely in their importance to you personally and professionally. Learn to filter the irrelevant from the relevant. You can use software solutions to help you out, but even so, there will be messages and tasks that can really wait. You can also maximize your time by cutting down on your time on social media or by turning off your phone altogether.

Chalk Out A Schedule And Follow It

People like Musk will be the first to tell you to sort out a schedule for yourself ASAP. Your time is your most valuable possession and it must be used as efficiently as possible. Set goals and then break them down into more manageable chunks, if needed. Avoid pointless meetings and conversations, for example.  Also, cull any other activities that consume your time but do not help you make progress towards your goals. Social media or television, for example.

Be Selective When It Comes To Opinions

Opinions. Everybody has them but few are worth their salt. If you dream big you will find many people trying to persuade you by saying how risky it is or how few ventures are successful. Don’t let them discourage you. If you know what you want, go for it. Ignore the naysayers.

“One success tip that many people likely avoid is seeking out criticism. No one likes hearing what they are potentially doing wrong but by seeking out this information from people you trust you gain valuable insight that you may be able to use to make improvements.

I think it’s important for people to pay close attention to negative feedback and rather than ignore negative feedback, you have to listen to it carefully.

Ignore it if the underlying reason for the negative feedback doesn’t make sense but otherwise, people should adjust their behavior.

I’m not perfect at it, for sure, but I do think it’s really important to solicit negative feedback, particularly from people who have your best interest in mind.”

Always Be Ready To Learn Something New

Don’t let what you don’t know to stop you from tackling important endeavors. Elon never owned a car company before, but that didn’t stop him from starting Tesla.

Elon was never a rocket scientist, but that didn’t stop him from starting SpaceX.

There are plenty of books out there and there is more information readily available than ever before so set your sights high because there is plenty of information online about how you can make it happen.

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