Elon businesses he created we can see that it’s

Elon Reeve Musk is one of the wealthiest man
on earth in fact he as a net worth of over US $ 19.8 billion the 46 years old
business magnate ranks as the 21st well-heeled man in the US in the 2017 Forbes
400.

 

Elon Musk born June – 28 – 1971 had an eye for
business since his college times when he used to use his dorm as an illegal
nightclub . But in 1995 musk and his brother with the help of a group of angel
investors started his first serious business venture called Zip2 a web software
company. They developed and marketed an Internet guideline for newspapers
industry.

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Based on the researchers and studies made on
Mr. Musk one key point comes out, the wanting to be an innovator, with the
different projects  and businesses he
created we can see that it’s all about innovation delivering something new
never seen; and we can see it clearly with his 3 different companies: SPACEX, Tesla, PayPal.

 

Let me break it down, I’ll explain why to
become one of the most successful entrepreneurs and one of the wealthiest man
on the planet been an innovator that thinks out of the box is crucial.

PayPal for example it’s the outcome of the
union of two companies X.com, a corporation network specialising in financial
aid and payment via email where Musk contributed in establishing an enteprise
labelled Confinity. This Company had a service which transferred money named as
Pay Pal, they then aimed their attention towards the Pay Pal system We
know how big paypal is and this simply proves that  the sense of innovations of musk grant him
the opportunity to be the Ceo of PayPal even for just one year , and he was
also the biggest shareholder.

 

Then we have SpaceX, this project shows simply how Musk
is  ahead of the game and he’s ready to
take risk that normal entrepreneurs wouldn’t take.

 

Musk In 2001 conceptualized “Mars Oasis” one of the
most futuristic ideas and ongoing project 
in this day and age , as the name of the project says it’s a proposal to
land a scaled down experimental arboretum on Mars, containing food crops
growing on Martian regolith.

This project wasn’t easy to start up because Musk had
resource problem from the begging and on how to create rockets with enough
power to launch in to the space;In October 2001, Musk flew to Moscow with Jim
Cantrell “an aerospace supplies fixer”, and Adeo Ressi , to invest in refurbished
Dnepr Intercontinental ballistic missiles  that could send the conceptualize payloads
into space, the group met with companies such as NPO Lavochkin and Kosmotras;
however, according to Cantrell, Russians chief disigners underrated Musk called
him a novice, Mr. Elon was riducolized and not taken serius so the group
returned to the United States empty-handed. In February 2002, the group
returned to Russia to look for three ICBMs, bringing along Mike Griffin.
Griffin had worked for the CIA’s venture capital arm, In-Q-Tel, as well as
NASA’s Jet Propulsion Laboratory, and was just leaving Orbital Sciences, a
maker of satellites and spacecraft. The group met again with Kosmotras, and
were offered one rocket for US$8 million, however, this was seen by Musk as too
expensive; Musk consequently stormed out of the meeting. But all of this didn’t
stop him from achieving his goal, so instead of quitting or paying an enormous
amount of money he chose to start a company that could build the
affordable rockets he needed, and this was a big risk  because for many it my look easier, less
risky and cheaper  to buy a finished
product nevertheless, he
accepted the speculations and uncertainty in building an enterprise that would
construct rockets from raw elements. According to primitive Tesla and Steve
Jurveston Musk a shareholder in SpaceX, reckoning and calculations showed that
natural materials for constructing rockets equated to a minimal 3% of the
market value for rockets during that period.

 

It was verified that
hypothetically, SpaceX would be unable to commence the pricing by a a factor of
10 through implementing vertical interaction and adapting the modular avenue
deriving from software engineering as this would inhibit them to benefit from a
70% gross margin. Eventually, SpaceX was launched by Musk with the
long-standing aim to constitute a “true spacefaring civilization”

 

In 2006, as a result of
Musks perseverance, SpaceX was presented a contract from NASA  to carry
forward the advanment and experimentation of the Dragon spacecraft and SpaceX
Falcon 9 launch vehicle for the sake of transporting goods to the International
Space Station. On the 23rd December 2008, Nasa offered a $1.6Billion contract
for a Commercial Resupply Service Program catering for the Falcon 9 Rocket and
Dragon spacecraft to manage 12 flights to the Space Station, ultimately
displacing the US Space Shuttle in 2011 upon its elimination. 54% of SpaceX
stock merchandise is privately held on trust by Musk which equates to 78% of
voting shares in the business which values at over $21.5 Billion today.

And this is just some of the accomplishment Elon Musk was
able to gain i was able to make more money more innovations with is other
company Tesla that deal with electric cars , this further shows that  Elon Reeve Musk today his
successful because he is an innovator and obviously for he’s great sense of
business.

 

To be a successful Entrepreneur we must be
able to think outside the box and be able to create something and go beyond the
limits we have to accomplish a greater goal. Every single project of Mr. Musk
has affected or will affect humanity and economy greatly from being able to
create with joined effort of other people a platform that enables people to
trade their money in a easier way to futuristic mars colonies and electric
cars.

 

Conclusion:

 

By just giving a glimpse at the
entrepreneurial life of Elon Musk we can understand that any business is going
to have obstacles but the key difference from a successful entrepreneur and and
a self proclaimed entrepreneur is the conviction on wanting to solve the
problem in a sensible way , also we saw that the risk he took in creating the
company that creates rockets wasn’t out of the simple blue there was research
and study on the materials needed that simply means that yes a risk it’s always
a risk but a good entrepreneur will reduce the actual risk by doing and
investing money in productive research to make sure you aren’t simply wasting
your time.

 

And we also see how he overcame his barrie
with the creation of SpaceX not only he proved wrong russian experts that
considered him a rookie but also created such an efficient company that also
NASA wanted to join in with their projects .

 

Elon musk has many other companies like Hyperloop, SolarCity, OpenAI, Neuralink, The Boring Company; all of this companies have one
thing in common the research in trying to enhance the human life or developing
technology for the human gain.

My
personal opinion is that to become a successful entrepreneur is a lot to do
with the character  development obviously
it’s a journey and it’s learning from the mistakes and trials and tribulations
we face but it’s also abandoning the concept of self and not lose our self in
the little accomplishments but alway set ourselves new targets to aim at,
because once we lose that key focus decline is inevitable.

 

 

 

 

 

Sources of information to support me with this assignment

https://resistexperformance.co/2016/07/
 
https://steemit.com/elonmusk/@sundarrajan/how-elon-musk-started
 
http://www.cneat.ru/spacex-en.html

 

Elon Musk


 
https://prezi.com/vjjdi61lwmx5/elon-musk/