Elon Musk Reveals the One Wealth-Building Tip Entrepreneurs Ignore

Juhi Mirza
Elon Musk US Dollar currency USD
Source: elceo.com

Elon Musk, the CEO of Tesla, is once again gaining massive momentum. In one of Musk’s recent podcast sessions with the founder of Zerodha, Nikhil Kamath, Musk can be seen revealing impactful words of wisdom that entrepreneurs can bank on to earn credible revenue. Musk has lately been pushing all his focus on improving Tesla’s, announcing how he has long been experimenting with the AI chip domain.

Also Read: Tesla (TSLA) Slips 10% as Investors Selloff on Musk $1T Pay Plan

Musk’s Revenue Tip for Budding Entrepreneurs

Elon Musk in thoughtful pose with hands clasped at a conference or presentation
Source: Wikimedia Commons

Musk recently did a podcast with Zerodha’s Kamath, talking about multiple avenues, stating how his primary focus has always been towards building things. He later shared how he has immense respect for people who “want to make more than they take.”

“Elon Musk: “Anyone who wants to make more than they take has my respect. Elon is asked for his advice for entrepreneurs, to which he responds, “I’m a big fan of anyone who wants to build. Anyone who wants to make more than they take has my respect. That’s the main thing you should aim for: to make more than you take and be a net contributor to society.”

Musk later shared how the best way to attract revenue organically is to build something valuable. He emphasized the fact that building something that is financially valuable and packaged as a product or a service will help attract money naturally as a by-product of the process.

“If you want to create something valuable financially, you don’t pursue that. It’s best to pursue providing useful products and services. If you do that, money will come as a natural consequence of that rather than pursuing money directly. You can’t pursue happiness directly. You pursue things that lead to happiness—fulfilling work, study, friends, and loved ones.” Musk shared

Focus on Value Creation

Musk continues to emphasize delivering value, adding that value-oriented products may eventually do better than profit-centric products.

“It sounds very obvious, but generally if somebody is trying to make a company work, they should expect to grind super hard and accept that there’s a meaningful chance of failure. Then just focus on having the output be worth more than the input. Are you a value creator? That’s what really matters: making more than you take.”

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