A leader is a person who is given the job of guiding others towards the right path. The term "right path" may differ for different people. Some would say financial freedom is the right path, some would say freedom is the right path, and some would say a great 9-5 is the right path. In short, the word "right path" differs for people with different mindsets. Becoming a leader is not as easy as it feels. This job requires determination, hard work, and survival skills in all kinds of conditions in life. Talking about leaders, we will talk about the great tech leader, Elon Musk.
Elon was completely broke because he invested his money in Tesla and SpaceX, but he had to take a loan from the bank to pay off his house rent.
Elon had sent spaceships to the moon two times and had failed to get them to the planet. If this had happened one more time, there would be no Elon Musk, but at last he was successful and from that moment, he was all over the news and media.
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Who is Elon Musk?
Elon Musk is a South African businessman born in 1971 who is famous for his world-famous brands, which include PayPal, Starlink Communications, Tesla, and last but not least, SpaceX. Elon Musk is a person who keeps on trying new business ideas and making those ideas successful. He still works 120 hours a day. Elon is an example of trying again and learning from his past mistakes. Elon usually has business ideas that are outside the scope of some people. Who would have thought that an electric car would be a dream car for some people?Struggles to Live the Opulent Billionaire Lifestyle
The glam life is a dream for many, but only 1% of them have the guts to keep on going through the struggle. That is the reason for the success ratio of 1:100 successful entrepreneurs. It is said that Elon has been through a lot during the early years of his life.Elon was completely broke because he invested his money in Tesla and SpaceX, but he had to take a loan from the bank to pay off his house rent.
Elon had sent spaceships to the moon two times and had failed to get them to the planet. If this had happened one more time, there would be no Elon Musk, but at last he was successful and from that moment, he was all over the news and media.
Business Ventures of Elon Musk
Now let's have a look at some of Elon's business ventures. Elon Musk has ben experimenting throughout in different fields and industries, here are some of his popular ventures:
Zip2:
The first business venture of Elon Musk was Zip2, which provided online city guide software to newspapers. The venture was started by Elon himself, his brother and a friend. The company took time to get off the ground, and Elon slept on the couch of the startup and used to shower and use the bathroom at the YMCA (charitable organization). Elon Musk’s first-ever entrepreneurial venture was sold for $307 million in 1999, earning him $22 million for his 7% share in the company when he was just 27 years old.X.com:
Following the success of Zip2, Elon started a new financial services company alongside a few other members.X.com was one of the world’s first online banks, which had also merged with a company named Confinity, which was a software company based in Silicon Valley. X.com was named PayPal and was then bought by eBay in 2002 for $1.5 billion.Tesla and SpaceX:
These are two ventures started by Elon Musk with other members. Musk could easily retire with his share of eBay, but he decided to continue his journey and invested all his money into SpaceX and Tesla, and had to borrow money to pay his house rent. SpaceX became the first commercial company to send its spaceship into orbit and return it safely back to the Earth. The Tesla Model 3 became the first electric car to sell 1 million units globally.Some Quotes from Elon Musk:
"Starting a business is not for everyone. Starting a business – I’d say, number one is having a high pain threshold."
"I think it is possible for ordinary people to choose to be extraordinary."