5 Key Rules for Making Company by Elon Musk

If the real-life iron man(Tony Stark) you can find is Elon Musk. He made a lot of companies and sell lots of companies and make money. Now we have better know him for the Tesla, Neuralink, SpaceX. But he made more company than these. So he made 5 Key Rules of making a Company.

1.Work Super Hard

The First Rule of making company among the 5 Key Rule of Making Company is to work super hard. so what does he mean by working super hard is, when he started his first company with his brother, instead of getting an apartment they rent a small room and slept in a couch. they had only one computer so they coding their website at night and up during the day. 7 days a week all the time they worked. work hard at every waking hour for starting a company. so if somebody is working 50 hours and you’re working for 100 hour.So you’ve the double the time than other company

2.The right product

So whatever you do that product or service should be great. for a new company unless you enter into a untapped market your product has to be great and way better than your peer company, not slightly better way better. so if you want some one to buy your product instead of the reputed company or a branded company, your product or service should be the best or way better than your peers.

3.Hire great people

Same thought every successful man share that a great company can’t be made without great people. so always look for the great talented people and work together with a same passion and same vision makes a great company. As  Robert Kiyosaki said hire people smarter than you in Rich Dad Poor Dad book.

4. Signal Over Noise

He said stay focus Signal over Noise. a lots of company get confuse they spend money which does not make their product better. For example in tesla he doesn’t spend money on advertisement, what ever money he have at his disposal he spend all of them in the R&D only to make the car as good as possible. so if you making an effort to make for the company and that doesnot make the product or the service better stop those effort.

5.Take Risk Now

Elon Musk one of the great advice for the young people that take the risk now, as you grow older your obligation increases. Now the all of your risk is your but when you get older risk you take is not yours only that is the risk of your family too. So start as early as possible otherwise that obligation increase as you grow older.

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