Billionaire Elon Musk’s Advice to Entrepreneurs

Billionaire Elon Musk, the real life Iron Man, says his advice to entrepreneurs is to work twice as hard as others. Musk says be focused on something you’re confident will have a high value to someone else; and be rigorous in making that assessment. He says people have natural tendencies of wishful thinking.

According to Musk, the challenge for entrepreneurs is to say ‘what’s the difference between really believing new ideas and sticking to them, versus pursuing some unrealistic dream which doesn’t actually have merit’?

That, Musk says, is a really difficult thing, telling the difference between those two thing. You need to be rigorous in your self-analysis. Once figured out, he says, just work like hell. Put in the 80 to 100 hour weeks. Every week. This will improve your odds of success.

He says if other people are putting in a 40 hour week, and you’re putting in a 100, even if your both doing the same thing you know you will achieve more in four months than what it takes them a year to achieve. You can view his full comments here.

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