There’s only so much you can accomplish in a day, right? But then, how is it that some people manage to be so productive when others struggle to get a single thing done on time? How do some people become billionaires at a young age while others fail to get their careers kick-started? How did Elon Musk become such a successful CEO in such a short time?
A lot of people look up to Elon Musk. And why not? He’s well-liked and respected. He has managed to make a name for himself in his chosen field. It doesn’t look like he will lose his zeal anytime soon. He has launched many new ventures and with every new endeavor, he has expanded his empire significantly.
The question is, how does he manage it all? Naturally, when you are handling such a vast empire, you need to possess impeccable leadership skills. But is that all which makes him such an excellent CEO? Or there’s more to it?
The Secret Behind the Success of Elon Musk as CEO
Ever since he was a child, Elon Musk has shown signs of immense determination and grit. For instance, he decided to come to the U.S. after reading about it in the comic books. And once he made up his mind, no one could stop him.
He realized that the future of the world could benefit greatly from three areas, the internet, sustainable energy, and outer space in college. And despite many years passing by, he has remained committed to pursuing these areas. But how does that make him a great CEO? And what can other CEOs learn from him? Let’s find out.
1. Persistence is mandatory.
When you are handling a large organization, there are bound to be setbacks.
Every new infrastructure takes time to build. You take one step forward only to stumble back a step in the next instance. But as a CEO, you can never accept defeat.
After all, how will your company flourish if its leader loses his will to fight after a setback? Elon Musk, as a CEO, has shown immense persistence in every aspect, even matters others would consider mundane. Do you know it’s after more than a decade that he finally got the Tesla.com domain?
Although this doesn’t seem like that big a deal, it sheds light on his relentless pursuit of what he wants. And that makes him the perfect CEO. He has proven that no matter how tough things get, he won’t lose focus. Hence, his organization always has a clear direction to move towards. This promotes positive work culture.
2. Opt for disrupting systems.
Elon Musk wasn’t always an elite CEO. In fact, when he first started his business, he was no different than others. His initial attempts had nothing new to offer and included a computer game, a nightclub, and an online tourism guide.
It was the sale of Zip2 which gave him his first major breakthrough. And he immediately used the capital to form a company, PayPal.
What does that have to do with his capability as a CEO? He grabbed an opportunity at the right time! He bided his time until he had the means to disrupt the system and start something new. A smart CEO is someone who strikes when the iron is hot.
Of course, you have to take unimaginable risks when you are an entrepreneur. But as a CEO, you have to think about the consequences too. Musk proved that he did not want to spend his time doing what everyone else indulged in. Instead, he would prefer innovative ideas that break the current systems and replace the ongoing trends.
3. Commitment is replaceable.
A CEO has to remain committed to his organization at all times.
After all, there’s an entire team banking on the CEO to lead the way. And Musk has given evidence of his commitment time and again. His policies in his organization are innovative and designed, keeping the welfare and benefit of the entire team in mind.
There’s no chance that the CEO of such a large organization wouldn’t be at the receiving end of a backlash. But Musk has handled it all with immense grace and courage. If you remember, not too long ago, there was immense criticism over Tesla fires.
Musk handled it all in his stride. He spoke of Tesla’s safety and took required measures right away. This ensured that the company’s image did not suffer due to the accidents.
4. Learn to not take “No” for an answer.
Elon Musk has always been a perfectionist.
In fact, as per an anecdote shared by his ex-wife, Musk once received 98% on his test. He went to the professor and convinced him to change it to 100%. What does that tell you?
For one thing, Musk is a perfectionist who always strives for excellence. But it also tells you that he has the ability to get what he wants. He can convince others to give the response he is looking for.
The Example of Elon Musk: More Than Just Another CEO
Being a CEO is just one of the many roles Elon Musk handles.
But he has proven time and again that he has the ability to remain focused despite all odds. This not only makes him an excellent leader but also a perfect innovator.
CEOs worldwide can learn from him and his passionate work ethic that drives him to deliver success. His ability to take charge and lead the way can be a lesson for everyone.