Steve Jobs and Elon Musk are probably the greatest entrepreneurs of our time. They have changed the entire world. Most young entrepreneurs consider them as the greatest sources of inspiration. These are the two biggest game-changing business leaders and entrepreneurs in the last 30 years.
Steve Jobs has changed the entire computing and smartphone world. Elon Musk is currently the second richest entrepreneur in the world. He has changed the entire EV cars industry by creating Tesla motors. Elon Musk has also created reusable rockets. It is impossible to list all his achievements in this article.
The journey of Elon Musk and Steve Jobs was not easy. Elon Musk went almost bankrupt during the 2008 Financial Crisis and Steve Jobs was fired from his own company. They both struggled in their professional and personal lives.
There are various lessons that you can learn from their stories. In this article, we are going to share the 7 Success strategies of Elon Musk and Steve Jobs. These strategies will definitely help you in creating powerful shifts in your work perspective and life.
Table of Contents
Success Strategies of Elon Musk and Steve Jobs
Trust in your vision and ideas
Steve Jobs started his career with Mac computers. No one thought that computers are going to be the future of our world. However, Steve Jobs believed in this vision and ideas. He worked hard to create a product that even normal consumers can use. Steve Jobs also decided to design an iPhone. iPhone changed the entire world and now you are probably reading this article on a smartphone.
Elon Musk’s first startup was similar to Yelp. The internet was a new thing in the 2000s. However, Elon Musk believed in his idea and created a shop listing website. He sold this company to Compaq for $407 million. After that, Elon Musk started working on online banking. He created Paypal and sold it to eBay for billions of dollars.
However, Elon was still obsessed with his ideas. He started working on Tesla Motors and SpaceX. The EV vehicles have become the next big thing. SpaceX has also revolutionized the entire space industry.
Elon Musk used to sleep next to the desk during his initial desks. He was working for more than 100 hours per week. If you want to become successful, then you need to first trust in your ideas.
Steve Jobs started to think about computers in the early days of the computer. He worked on creating a computer that normal people can afford.
Elon Musk also started thinking about Internet banking in the early days of the Internet. It was only a concept in the 2000s. However, Elon Musk turned into a reality. He worked with people that had good knowledge of finance. Thus, you should start early and look for new opportunities.
Complete your homework
One common thing between Elon Musk and Steve Jobs is that they always come with complete homework. Steve Jobs entered the computing industry with full preparations. He started Apple with clear targets and goals.
Elon Musk also entered the space industry with Space X. Most industry giants thought that Elon Musk only wants to burn his money. However, Elon Musk was different. He learned everything about the rockets by reading books. Elon Musk already knew his goals and targets. His first goal was to create a reusable rocket to decrease costs. The ultimate goal of Elon Musk is to eventually establish a human society on Mars.
Time won’t be a limiting factor if you are doing the things that you love. Both Jobs and Musk spent most of their time doing something that we will call work. Elon Musk works for more than 100 hours per week. This might sound impossible to us. But, Elon musk’s work actually fulfills him. You should look for things that you love. It is better to spend half of your life doing something you love.
Focus on what matters
Elon Musk has the biggest goal. He wants to save humanity by establishing a human colony on Mars. This might sound crazy to most people. You might think that there is no point in moving to Mars. However, Elon Musk has created a solid reason. He knows what he needs to achieve even if it might sound crazy to normal people.
Apple’s net market was also $523 billion. Steve Jobs could’ve spent his time in some luxury island. However, he always focused his time on improving his products. He changed the entire computing and smartphone industry by focusing on his goals and vision.
Failure is a part of the success
You can’t create great products by just sitting idle. It takes a great deal of dedication. However, you should ensure that you are always falling forward.
Your failures should act as a feedback loop. It will let you know about the things that don’t work. This perspective will help you in embracing your failures. You should know how to learn from your failures and mistake.
This is another trait which both Musk and Jobs share. You can check this video on Youtube which was uploaded on the Space X youtube channel. Elon failed multiple times before he actually created a reusable booster.
It is important to enjoy your life. You are not going to get a second life. Make sure that you are finding time for yourself. Elon Musk spends a lot of time with his family and children. He also bought the McLaren after selling his first startup. It is important to celebrate your success as it will motivate you to do even greater things.
These are the 7 success strategies of Elon Musk and Steve Jobs. It is impossible to describe the commitment of these two great figures. Their achievements and actions speak for themselves. These are some common traits that both Musk and Jobs share. You can follow these success strategies for changing your life. There is no guarantee that you will become the next Elon Musk or Steve Jobs. But, these strategies will surely help you in improving your thought process and life.