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Elon Musk on Start-Ups and Entrepreneurial Duties Essay


Elon Musk’s speech revolves around work ethics, principles, attitude to duties, and other important factors needed to run a new business venture. The speaker is a famous business magnate and engineer who managed to achieve success and now shares his experience with the audience. The first thing he outlines is commitment. This element is crucial for any project as it creates the basis for further development. Recalling his own experience, Musk states that he had to work in horrible conditions in some tiny room. However, he did not give up and managed to attain success.

Moreover, Musk also emphasizes that a business person should be ready to work harder than others to become successful. Therefore, it is essential to attract great people who will be able to share ideas and promote a company’s further development as they will become this company’s main elements. During his speech, Musk also states that it is better to focus on manufacturing and quality than on advertising. In other words, money should be spent only on things that make products better. Just under these conditions, people will be interested in goods or services, and a project will become successful.

Finally, Musk warns people that starting a company means facing numerous problems and challenges. At first, a person is full of optimism and is sure that everything will be fine. However, he/she could fail several times. Still, it is part of the process, and a business person should not give up as it is the only way to build an efficient and profitable company that will become a leader in a particular sphere.

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IvyPanda. (2021, January 10). Elon Musk on Start-Ups and Entrepreneurial Duties. Retrieved from https://ivypanda.com/essays/elon-musk-on-start-ups-and-entrepreneurial-duties/

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"Elon Musk on Start-Ups and Entrepreneurial Duties." IvyPanda, 10 Jan. 2021, ivypanda.com/essays/elon-musk-on-start-ups-and-entrepreneurial-duties/.

1. IvyPanda. "Elon Musk on Start-Ups and Entrepreneurial Duties." January 10, 2021. https://ivypanda.com/essays/elon-musk-on-start-ups-and-entrepreneurial-duties/.


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IvyPanda. "Elon Musk on Start-Ups and Entrepreneurial Duties." January 10, 2021. https://ivypanda.com/essays/elon-musk-on-start-ups-and-entrepreneurial-duties/.

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IvyPanda. 2021. "Elon Musk on Start-Ups and Entrepreneurial Duties." January 10, 2021. https://ivypanda.com/essays/elon-musk-on-start-ups-and-entrepreneurial-duties/.

References

IvyPanda. (2021) 'Elon Musk on Start-Ups and Entrepreneurial Duties'. 10 January.

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