29 Elon Musk Quotes on Business, Work, and Management

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1. “There’s no reason to compare ourselves to others as it diverts your precious focus to someone else’s life, and the only life you can control is the one you have”

2. “If you go back a few hundred years, what we take for granted today would seem like magic being able to talk to people over long distances, to transmit images, flying, accessing vast amounts of data like an oracle. These things would have been considered magic a few hundred years ago.”

3. “Work like hell. You have to put in 80 to 100 weeks every week. This improves the odds of success. If other people are putting in 40-hour workweeks and you’re putting in 100-hour workweeks, then even if you’re doing the same thing, you know that you will achieve in four months what it takes them a year to achieve.”

4. “If you have a hunch about the potential of an emerging market, be prepared to put your money where your mouth is.”

5. “You won’t always be the only person to have come up with a great idea.”

6. “Sometimes even the sky isn’t the limit.”

7. “Money alone doesn’t buy you credibility. You need to research, plan, and bring in the right level of expertise.”

8. “I think hiring huge numbers of people to get a complicated job done is a mistake. Numbers will never compensate for talent in getting the right answer. (Two people who don’t know something are not better than one). It tends to slow progress and make the task incredibly expensive.”

9. “To make the best products, you must hire the best people in the field.”

10. “A failure is an option here. If things are not failing, you are not innovating enough.”

11. “The best ideas aren’t necessarily new ideas. Be prepared to take existing products or services and rework and improve them for the modern world.”

12. “I think there is a lot of potential if you have a compelling product and people are willing to pay a premium. I think that is what Apple has shown. You can buy a much cheaper cell phone or laptop, but Apple’s product is much better than the alternative, and people are willing to pay that premium.”

13. “When Henry Ford made cheap, reliable cars, people said, ‘Nah, what’s wrong with a horse?’ That was a huge bet he made, and it worked.”

14. “There’s a tremendous bias against taking risks. Everyone is trying to optimize their ass-covering.”

15. “People will always try to rain on your parade. Keep your head down, keep working, and ignore idle gossip.”

16. “Apply your expertise to real-world problems if you want to impact the world in which you live positively.”

17. “If you’re co-founder or CEO, you have to do all kinds of tasks you might not want to do. If you don’t do your chores, the company won’t succeed. No task is too menial.”

18. “The characteristics that make you successful in business are not necessarily characteristics which will serve you well in other aspects of your life.”

19. “I think ordinary people can choose to be extraordinary.”

20. “You should take the approach that you’re wrong. Your goal is to be less wrong.”

21. “When something is important enough, you do it even if the odds are not in your favor.”

22. “If you get up in the morning and think the future will be better, it is a bright day. Otherwise, it’s not.”

23. “Persistence is essential. You should not give up unless you are forced to give up.”

24. “The first step to establishing something is a possibility; then probability will occur.”

25. “People work better when they know the goal and why. People must look forward to coming to work in the morning and enjoy working.”

26. “Constantly think about how you could be doing things better and questioning yourself.”

27. “I think the profit motive is a good one. Profit means that people pay you more for whatever you do than you spend to create it. That’s a good thing. And if that’s not the case, you will be out of business, rightfully so. Because you are not adding enough value.”

28. “A successful company is much more about quickly fixing mistakes. Not, ‘will you make mistakes?'”

29. “A failure is an option also because you can fail as many times as you want. And it’s never game over unless you say so.”

I hope these quotes inspire you in some way. Feel free to share this post with anyone who these inspirational quotes will uplift.

I have taken these quotes from two Books I read about Elon Musk (Success Secrets By George Lilian & An (in) Complete Guide – by Michal Adam Dominiczak). Both are available on Amazon Kindle if you like to read more about Elon Musk. Both books sum up his life pretty well.

Please share your suggestions/feedback on this post. I would love to hear from you.


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