One Business Lesson I Learned From Elon Musk

Dan Lok Show

Dan Lok

Careers, Management, Entrepreneurship, Business

4.8 • 826 Ratings

🗓️ 17 July 2023

⏱️ 3 minutes

🔗️ Recording | iTunes | RSS

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Summary

Aside from being a visionary entrepreneur, what is the one thing Elon Musk has that makes him extremely successful in his business ventures?

In this episode, we will uncover and explore a profound lesson that Dan Lok learned from one of the greatest minds of our time and see how you can apply the same in your entrepreneurship journey.

Transcript

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0:00.0	I believe in personal branding.
0:16.4	The reason is not to resolve in personal brand, no, no, no, because I believe what you do could change.
0:27.5	So let's say you build your social media around your business.
0:31.2	But what if you sell the business?
0:33.5	What if you spend 10 years building that and you sell the business?
0:36.7	The 10 years of social, gone. But versus if you spend 10 years building that and you sell the business? The 10 years of social?
0:38.4	Gone.
0:39.8	But versus if you build that around your personal brand, you sell the business, hey, I'm doing
0:44.7	something else.
0:46.1	Look at Elon.
0:48.0	Pay from PayPal to Space X to Tesla.
0:52.0	And now Twitter.
0:53.8	He's building it on his brand.
0:55.0	Of course, it's got very strong company brand as well.
0:57.0	But Scott Bull.
0:58.0	Which brand's a personal brand?
1:00.0	It's got over, what, 300 companies?
1:03.0	That's the way I see it.
1:04.0	How many of you understand what you do could change?
1:06.0	You may not be in the same business that you're in right now.
1:09.0	Two years, three years, five years from now.
1:10.0	You change industry, you change passion and things like that. That's possible. Yes, right?
	...

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