US satellite research firm SpacesX created the satellite 'artificial satellite' Bangabandhu 1 on the 'Falcon-9' rocket. Elon Mask is the founder and chief executive of the company. In 2014, he spoke to young people in the convocation of the University of Southern California. Said the sources of building a successful organization.
Thank you in the beginning. I think five to six minutes of time to talk. I will try to use this time. Let's talk about four things. Some of it may seem like you have heard them before. But these demands again to be re-emphasized. The first thing is: we have to work. But the amount of this work will depend on how well we want it to be. If we want to start an institution, we need to work harder. But what does extra work mean? As I and my brother started our first company, instead of taking an apartment, we only rented a small office. Sleepy cows and baths at the YMCA. Our capital was so low that only one computer had to operate. As a result, the website was operated during the day and at night I used to do coding for that website. This is how I worked seven days a week, day and night. Have to work a lot, especially if you want to start an institution yourself. Explain it with a simple calculation. If the staff of another organization works for fifty hours a week, then they can complete the work, if we can work 100 hours, we can surely finish the work twice. My second talk: join new companies or join a company; In both cases, the most important is to get all the extraordinary people together. To join somewhere I should go to such an exceptional team, who deserve my respect. An organization is a group of people who have been allocated to create a product or service. And the team's success depends on how well they are moving towards the talented and hard working and the right path. So, we have to do everything we need to do to get some great people to build an institution. Three: Give more attention to work rather than raise your voice. Many organizations confuse these two issues. They used to spend money in the fields, which do not really help in improving the quality of their products. Here is the example of our company Tesla. We never spend money on advertising. We use all our capital to research and development, to produce and design, to make our products better. I think that should be done this way. In the case of any organization, the question should be kept in front of all times, if the answer to this question is negative, then all these initiatives have to be closed: 'Is such a venture, so much money expenditure, that is increasing the quality of our products or services?' The last thing is, it is not only going on a traditional way. You might have heard me say that it is better to think in terms of physics. The first condition is that it is better to make a decision than to decide on the basis of comparison with something else. Before going deeper understand the problem. Then decide with the argument. My job is really meaningful or everyone else is doing whatever I am doing, it is a good way to verify. Of course, it is very difficult to think in such a way and it is not possible in all cases. It requires a lot of effort. But if I try to do something new then this will be the best of thoughts. Physicists have invented this framework to get something new out of traditionalism or something new. For example, Quantum Method. This is a very powerful method. Finally, you want to encourage you in a matter of. This is the time to take risk. You do not have any boycott, there is no backlash. But as your age progresses, your duration of responsibility will also increase. When you have a family, you can still start taking risks. Not only for myself, but also for the family. But if you do not work properly in such a situation then you will be in danger. That's why the time to do those tasks now, before the burden of liability is pressed. I will call you to take risks and take any bold steps. Believe me, do not punch. Thank you. I do not know whether the words were useful to you or not.