1. You must feel compelled to do it - If you need inspiring words, don’t do it

• What Elon is trying to say, is that we should be already motivated by the tasks we are going to do - In this case starting and managing a company.

In other words find things that inspire, or make them inspiring.

2. Focus on improving product/service rather than spending time on BA/Finances

• If a company spends more time on improving its products and/or services, its finances and business administration will easily come together.

3. Work as hard as possible

• The reasoning is simple math, the more you put in, the more you get out. For example:

• • The more you put in the gym the more shredded you’ll get.

• • The more you put in studying car mechanics, the more car repairs you’ll be able to do.

If you follow tip #1 this one should come down easily.

4. Surround yourself with persons that support/compliment you

It’s important to have an environment that boosts your way towards acomplishing your goal.

• The people you suround yourself with is the most important aspect, since they are able to shift your mentality towards negativity and mediocrity or positivity and success.

5. Give liberty to your people and to yourself

• Allow mistakes to happen and let people become leaders

Honorable mention - Provide the knowledge necessary for someone to do your given task at a desired level

When leading others, you need to make sure they have the context to do their tasks efficiently.