Eduo
Log in Sign up
The Richest Person on Earth Breaks Every Rule, And You Should Too

The Richest Person on Earth Breaks Every Rule, And You Should Too

Curated from: www.entrepreneur.com

Ideas, facts & insights covering these topics:

7 ideas  ·  1.7K reads

Strategy 1: Pour Gasoline on The Fire

In the heat of the dot-com boom, Musk invited the cameras to get a first-hand look at his success.

Although it was difficult for the public to understand the inner workings of Silicon Valley and VC money, Musk created an instantly recognizable icon in his sports car.

290 reads

Strategy 2: Make Your Business Personal

  • In his early ventures, Musk lost control of his own companies
  • With Zip2, his investors appointed a more experienced leader, Richard Sorkin, to position the company for an acquisition
  • After his second company, X.com, became PayPal, he was again fired from his role as CEO while he was away from the office
276 reads

Strategy 3: Set Unrealistic Goals

Rather than focusing on a clear path to profitability, Musk declares impossible feats to the world, such as getting humanity to Mars before he dies. People love rooting for success against all odds. As one of the richest and most powerful people in the world, Musk positions his companies as "Davids" by creating seemingly unbeatable "Goliaths."

As an entrepreneur, your goals are more than financial and operational. Set goals with the power to motivate your workforce, attract an investor or engage your customers.

216 reads

Strategy 4: Ignore Your Lane

Entrepreneurs know that the key to success is to stay laser-focused on their goals and objectives. Yet while Musk is so busy that he sleeps on an uncomfortable couch at the office, he always has time for the spotlight.

With the exception of Bill Nye, most scientists aren't drawn to the big screen. Except Musk, who can be spotted in Iron Man 2 rubbing shoulders with Tony Stark, on South Park and The Simpsons, and hanging out with Howard on The Big Bang Theory. For someone focused on advancing mankind, Musk spends a calculated amount of time crafting his image.

208 reads

Strategy 5: Say What's on Your Mind

As an entrepreneur, remember that everything you post is a reflection of you and your business.

When Musk posts nerdy memes, he's affirming that he's a part of a subculture that many of his customers associate with.

When he offers emergency assistance to Ukraine, he's demonstrating the viability of his business goals.

When he posts updates about his business, he's signalling to the world and his employees that he's in charge.

What appears random is all a part of the bigger media strategy. Think about the image and signals you want to convey, and engage accordingly.

213 reads

Break The Rules

You are where you are because you challenged a convention, did something in an unexpected way or created something new. Know your end goal, and craft your image around it. From there, you can determine which rules were made to be broken, and how you will bend them in your favour.

204 reads

Are you sure?