How Elon Musk Is Teaching Me To Learn Anything I Desire
I could either watch it happen or be part of it…
I can’t think of anybody in the world that has more of a passion for building a better future than Elon Musk. Running the likes of SpaceX, Tesla & The Boring Company, he has become one of the most incredible figures within our generation.
But he’s also managed to mould me into somebody that has self-confidence, and the ability to do pretty anything. After endless hours of research on the man, here are the lessons which he taught me that have allowed me to learn almost anything I desire:
Connect The Dots.
Anybody who knew me within high school was well aware that I had problems paying attention to whatever was being said. My brain was constantly in overdrive thinking about my career, my life, my future. And so connecting the dots in order to generate a relationship between two subjects is something that has hugely benefited me.
For example, asking me to remember how an airplane flies is absolutely useless. For reference, its air flow rapidly going over the wings, which throw the air down toward the ground, generating an upward force called lift that overcomes the plane’s weight and holds it in the sky.
I’d forget that in an instant. However, saying that the reason I’m able to travel the world is because airplanes generate lift in a certain way (given above) is something that I’m much more likely to remember.
When Elon Musk discovered that the price of launching a rocket was approximately $65m, he had to rethink the entire process in order to make it more economical. So he broke it down into different parts.
What is a rocket made of? Aerospace-grade aluminum alloys, plus some titanium, copper, and carbon fiber. Then I asked, what is the value of those materials on the commodity market? It turned out that the materials cost of a rocket was around two percent of the typical price.
I have done the exact same method with my business in order to improve the economics of it. After all, reducing the operating cost to create a higher profit margin is something that’s extremely important.
What are my current expenses? What’s the easiest way to go about reducing them?
Once identified how to reduce the expenses, I was able to figure out how to increase my revenue significantly.
I would love for my business to have more revenue. In order to do that, I need to meet people that have money. So who can afford my service that would be interested in it? What’s the best way to get in touch with them?
I mapped it out. I reverse engineered each & every scenario to create a solution that would reduce the cost of my operating expenses, and simultaneously increase the overall profit margin.
If you are hoping to do something similar, identify what you are struggling with. Break it down into core elements so each one can be tackled in a meaningful way that produces results.