It creates companies that play a mighty role in their field, such as
PayPal
Cars Tesla,
And SpaceX
Is the earliest living example of Iron Man (character in a film)
He is Elon, and this is the Ten Commandment of Success
For more translated motivational videos, follow us on the channel (Rafaa Tai)
Announcer: Third consecutive failure
Did you think you should stop?
Elon: Never.
Announcer: Why not?
Elon: I do not give up at all, I have to be dead, or in a hopeless situation completely.
Really liking what you do – what – whatever area you get in …
Mother …
Given so – even if you beat better for the best there is always a chance to fail.
So I think it’s important to love everything you do.
Uh, if you do not want it … life is too short.
If you like what you’re doing, you’re thinking about it even when you’re not working.
I mean it’s-it’s-it’s-something and directs your mind to.
Um, and … If you do not like it, you can really really can not make it work, I think.
A lot of people are trying to talk to me from starting our own company and was crazy.
One dear friend,
Collect a whole series of videos from the rocket-detonation
He made me watch those.
He just does not want me to lose all my money.
We do these things, uh, it seems unlikely to succeed.
We were lucky, and,
At least until now, they have succeeded.
Now is the time to take risks, do not have kids–
As your commitments grow, increase.
So– You– Those were–
And once you have a family start to take risks not only,
For yourself, but for your family something is fine: it will be much more difficult to
Do things that may not succeed in his quest.
Ohm,
So now is the time to do so.
Uh,
Before you before you have those obligations.
So I would encourage you to take a risk now, nothing bold!
Ohm,
You will not regret it.
Reporter: How do you know if you will start a car company and be successful at it.
Well, I did not really think
That Tesla be successful, we thought we were likely to fail.
But I think, uh, we at least can
Address the misconceptions that people have,
That electric car was bound to be ugly
Slow and boring, like golf shopping cart.
Reporter: But you say you did not expect the company to be successful?
Then why try?
Elon: If something is important enough, you should try even if …
… The potential outcome is failure.
We focus on signal on noise.
Mother,
A lot of companies get confused, they spend money on things they do not
In fact make the product better.
For example, in Tesla,
I have never spent any money on publicity.
Um, we, we’ve–
Putting all the money into R & D, manufacturing and design,
Try to make the car as good as possible.
Mother,
And, uh …
I think this …
This is the way to go.
For any company just …
Keep thinking about “all these efforts that people spend,
Are they resulting in a better product or service?
If not, and stop those efforts.
When you interview someone,
To work in companies, ask them to tell me about the problems they have worked on
And how to solve them,
If someone is really the person who solved them,
They will be able to answer multiple levels,
And they will be able to get down to brass nails and if they will not
They will stumble,
And then you can say “Oh, this person was not really the person who solved it”
Because anyone who is struggling hard with a problem never forgets it.
If you are creating a company _ or if you are joining a company–
Uh,
The most important thing is that,
Uh,
Is attracting great people.
So either join the group that is amazing, and that you really respect, or
If you build a company– you gotta have a great people.
I mean every company is, is a group of people
Collected together to create a product or service.
Depending on …
How talented and hardworking that group,
The degree to which we focus,
Uh,
Coherent in a good direction,
Which will determine the success of the company.
And therefore,
Do all it can to gather great people,
Ah, if you are creating a company.
You must be sure that
All you do is great product or service,
It must be really great.
I go back to what I was saying earlier, where,
Ohm,
If you are a new company … I mean unless you like some new industries or
Or a new market so – hits if it is untapped market,
Then,
Then,
Uh,
you have…
More ability to – you this– this–
The standard is less to
For your product or service. But if you enter anything where those for
But if you are entering anything where there is none
Current market
Against large, well-established, competitors
Then,
Your product or service needs to be much better than them.
Could not have been a little better
Because theen you put yourself in the shoes of the consumer,
They say, “Why buy it?” (As a consumer).
You always gonna buy a reliable brand,
If there is not much difference.
And therefore,
Too often, uh, you know, the entrepreneur will
Come up with something which is just a little better,
And its– it’s not – it just can not be a little better, it has to be much better.
Depending on how much you want to do, especially if you are starting a company,
You need to work super hard.
So, what does “super hard” mean?
Um, well,
When my brother and I had started our first company,
Instead of getting an apartment we just rented a small office,
We slept on the couch.
Uh,
We are raining at YMCA.
We were so hard we had
One computer, therefore,
-and- ,-, and
Had a website during the day,
I was coding at night,
Seven days a week,
All time.
,,,,,,,
… was a kind of brief girlfirend in that period, and for
Be with me, she had to sleep in the office,
And therefore–
I-
We caught like–
I mean, every hour waking up, that – that’s the– thing I’d say.
Especially if you are starting a company.
Mother,
I mean, if you do simple math,
Say like, if someone else works 50 hours, you’re working 100 …
You will get twice as much to do within a year
As the other company.
(Playing music)
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Elon Musk is organized in the comments below.
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Believe.
Thank you guys a lot of watching
I will see you soon.
Translation (Rafaa Tai)
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