Elon Musk, through his life, has worked to ensure his dream comes true every way possible. Be it for founding PayPal, Tesla or SpaceX, Musk has always put his heart and soul into every company he started. The twist in the tale here? He has worked with renewable energy in a way that helps not just him, but the rest of the world as well. To inspire yourself on a dull day and learn things from the man behind Tesla, check out these inspiring life lessons!
1. Have a vision
Every great leader always started with a vision in mind. The power of a vision is simple. It lets you create a path you are sure you want to walk. When Elon Musk founded PayPal, he created a revolution in terms of online transfers world over. He had such a great vision, he refused to stop despite people thinking his idea was going to fail. Have a vision so great and extraordinary that you keep moving forward despite every hurdle and roadblock. .
2. Money isn’t everything
None of the people who made it to the top ever did it for the money. Sure, the piles come as an added perk but there is a greater satisfaction. Focus on the difference you will make in the world and on the kind of impact your creation will have on the rest of humanity. Everything Musk has worked on, has had a lasting impression on the rest of the world. Be it PayPal, the Boring Company or SpaceX, Musk hasn’t worked with only earning money on his mind.
3. Learn to take criticism
When you are growing, it is important to take criticism from those around you. Just like exercise, it is tough to get used to it in the beginning but as time goes on, it becomes an addiction of sorts. Staying content isn’t going to get you anywhere but when you take criticism the right way, you can learn and improve what doesn’t work. When Musk had the vision of interplanetary co existence for SpaceX, stopping with minor success stories isn’t enough to grow and become what it is today! Like Musk says, “You should take the approach that you are wrong. You should work toward being less wrong.”
4. Understand the fundamentals and challenge reality
Right from the very beginning, Musk has always challenged the fundamentals of life and broken down things he couldn’t understand to their core. When he first started working with batteries, he would work down to the core of the elements (like cobalt, nickel, aluminum, carbon, polymers, and a steel can) to understand how the battery worked. Only after getting to the very core of the situation, can you understand how things work and create something unique. If you don’t understand something, don’t stick to what you see. Instead, dig deeper and get to the root.
5. Make failure an option
Unfortunately, our society has been conditioned in a way that failure is labelleled to be a bad thing. When you start a company with an extraordinary vision, you have to be prepared to accept failure is part of the course. If you’re too worried about failing, have a list ready for the recovery process. Write down the worst case scenarios on one side and on the other, write down the solutions for these problems. Don’t let the negatives hold you back from what you set your mind on.
Focus on the good things in your life and not the. Accept what you can learn from those around you and do not be afraid of failing. If you think we missed out on any other lessons from Elon Musk, comment and let us know!
Louis Vuitton Unknown Facts
Founded in 1854, the French fashion powerhouse Louis Vuitton rose to become the world’s most valuable luxury brand. Known for never having any of its product on sale, it is one of the most counterfeited brands in the world.
With its CEO Bernard Arnauld being declared world’s second richest man with a net worth of $ 108 billion, let’s look at some unknown facts about Louis Vuitton.
Unknown facts about Louis Vuitton
1) The founder of the luxury brand, Louis Vuitton, was the personal box maker and packer of Napoleon Bonaparte’s wife Empress Eugénie de Montijo.
2) The famous monogram of Louis Vuitton was created to fight counterfeit ones and served as inspiration for surreal artist Salvador Dali’s La Toile Daligram.
3) The most famous creation by the brand, Speedy, was originally launched as a travel case. It got its popularity after American icon Audrey Hepburn requested Vuitton to make a custom mini Speedy for her.
4) Mikhail Gorbachev, the last president of the U.S.S.R., once posed for a Louis Vuitton ad campaign.
5) American rapper Kanye West has mentioned Louis Vuitton more than 19 times in his songs.
6) Known for creating luxury bags and accessories, Louis Vuitton once created a collection of luxury pens. It also sells scrapbooks for people with extravagant taste.
7) The bags and jewellery of Louis Vuitton go through an intense durability test before being released to the public. Louis Vuitton bags are subjected to UV rays in an effort to increase the bags’ resistance to fading.
8) After every season, the unsold Louis Vuitton products are sent back to its factory in France and are shredded or burnt, in order to maintain the item’s value.
Considered one of the top luxury brands in the world, Louis Vuitton currently has a brand value of $ 47.2 billion.
Comment and let us know which of these facts impressed you the most.
Rupert Murdoch Unknown Facts
Rupert Murdoch is an Australian born businessman and the founder of News Corp, who turned media into a lucrative business empire. With holdings in The Wall Street Journal, HarperCollins, Fox News and 20th Century Fox, Murdoch is one of the richest people in the world. Here are some unknown facts about the media mogul who is considered the inventor of the modern tabloid.
Unknown facts about Rupert Murdoch
1. As an ambitious 7 year old, Rupert Murdoch would hunt water rats for their skin and manure, which he would then sell for sixpence in his town. He would use his earnings to gamble in school.
2. Murdoch was an excellent cricket player and led his school’s cricket team to National junior finals.
3. His journalism career began with the Adelaide News, which he took over after the death of his father at the age of 22. Rupert Murdoch transformed the failing business into a successful newspaper.
4. He once counter bid for a New Zealand local newspaper, The Dominion, at the spur of the moment during a vacation and ended up winning the bid.
5. He was once declared dead by his own newspaper, The Sun, after digital vigilante groups Anonymous and LulzSec hacked into the newspaper website and published an article, claiming Murdoch died because of drug overdose.
6. He has appeared in two episodes of the hit series The Simpsons and his entrance line was “I’m Rupert Murdoch, the billionaire tyrant, and this is my skybox.”
7. Murdoch has a bad intuition towards social media, which was proven when Myspace, which Murdoch bought for $ 580 million, had to be sold due to its poor performance. He also passed a chance to buy Twitter and warned investors against investing in it.
8. He was awarded a papal honour award, Knight Commander of the Order of Saint Gregory the Great, by John Paul II in January 1998.
9. He once launched world’s first iPad only daily newspaper app, named The Daily. Murdoch invested $ 30 million in building the app. The app eventually shut down as the company started losing money after the launch.
10. He was inducted into the TV Hall of Fame in 2014 for launching Fox Broadcasting Company and changing the television landscape with shows like The Simpsons and The X-Files.
With a career spanning almost 6 decades, Rupert Murdoch saw many failures and controversies, but overcame them all and is now worth $ 21.9 billion.
Women Scientists Turned Entrepreneurs
There are hundreds of innovations and discoveries born in the field of science and engineering every year in universities around the world. However, only a few of them are able to make it into commercial ventures. Today, we will be looking into women who turned their groundbreaking research into successful businesses.
1) Nina Tandon
Nina Tandon is a biomedical engineer and co founded the company Epibone. The main aim of the Company is to develop technology to develop bone reconstruction solution through stem cells. The Company creates bone tissues from a patient’s stem cells and grows them in vitro for use in bone grafts. Tandon serves as the CEO of Epibone and is also an adjunct professor of electrical engineering at the Cooper Union in New York. Tandon was named a TED Fellow in 2011 and a senior TED Fellow in 2012. In 2013, she received an award at the Marie Claire’s Women on Top Awards.
2) Anuradha Acharya
Anuradha Acharya is the founder and CEO of Mapmygenome, a company which focuses on preventive healthcare options through genome sequencing. She also founded another company called Ocimum Biosolutions, a genomics outsourcing company for discovery, development and diagnostics. In 2015, Mapmygenome made news for raising funds worth $ 1.1 million from a group of investors. Acharya was awarded the Entrepreneur of the Year award by the magazine Biospectrum in 2008. Her name was included in the 2018 W-power trailblazers by Forbes.
3) Sinead O’Sullivan
An aerospace engineer, Sinead O’Sullivan specialises in space technology and is currently the CEO of Avioptix, a company which captures, stores and analyzes real time data from satellites, drones and ground robotics. Her Company created the first ever platform to crowdsource drone data. Avioptix tailors their insights to the needs of their clients, supporting agriculture, oil and gas, insurance and NGOs.
4) Rana el Kaliouby
Rana el Kaliouby is a computer scientist and the co founder and CEO of Affectivia. Affectivia is an emotion measurement technology company which develops software to recognize human emotions based on facial expressions and physiological responses. As a research scientist at MIT, her initial focus was on ways to improve human-computer interaction, but she quickly realised the possibility of using the technology to improve human to human interaction, especially for those affected by autism. She was inducted into the Women in Engineering Hall of Fame and was mentioned in Forbes’ America’s Top 50 Women in Tech 2018.
These women serve as perfect examples and inspiration for women working in the STEM field to grow their research into a business empire. If we missed mentioning any such women scientists who turned into entrepreneurs, comment and let us know.
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