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What if Elon Musk Ran Your Business? 4 Lessons From the Real Life Iron Man

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The story of Iron man and Elon Musk starts when Robert Downey Jr. visited SpaceX headquarters miles away from the setting of the first Iron Man movie back in 2007. The actor was inspired to base his character on Elon Musk’s personality. Ashlee Vance writes in Elon’s biographyboth Musk and Stark were the type of men, according to Downey, who ‘had seized an idea to live by and something to dedicate themselves to’ and were not going to waste a moment.”

What blew Robert Downey Jr.’s mind about Elon Musk are the characteristics that make him an extraordinary business man. Follow along if you’re interested to know these characteristics and how they would affect your business.

Here are four things Musk would probably do if he were to run your business:

1. He would be more approachable

No matter how important and larger-than-life he gets, Elon Musk would still be approachable as a friend you’ve known for ages. For one thing, when one of his Twitter followers asked him whether he is bipolar, he responded “yeah” and then explained “Maybe not medically tho”, a level of humbleness you wouldn’t expect from the CEO of two million-dollar companies.  

His openness with the painful reality of his success is also what makes him a regular Joe who is there to “just take the pain” and make sure he really cares about what he’s doing. He is a man of unlimited success who reaches down to elevate his fellow human beings by sharing his uncertainties. You just have the feeling that his success is even accessible to you.

“Failure is an option here. If things are not failing, you are not innovating enough.” – Elon Musk

2. He would be more authentic

Musk’s approachability is more authentic than you might think. Even in his public speeches he rarely gets the know-it-all presumptuous perspective. He gets nervous, makes some awkward moves and jokes, gets lost in details, and frequently interrupts himself, yet as Justin Bario writes for Inc. magazine, these only show his authentic passion about his vision.

“When you truly believe in an idea, and you focus on sharing that passion with others, you tend to forget about the mechanics of speaking and presenting. Instead of focusing on being nervous, you become focused on your belief. This leads you to speak more naturally, and makes it difficult for listeners to turn away.”

Also his authentic visions for social betterment beat the self-serving goals of many other billionaires. Whereas most entrepreneurs tend to see their work as revolutionary and disruptive, Elon actually moves away from such bold claims and replaces them with the question “How can we make things better?”

In an interview with the Telegraph, he explains that “a lot of my motivation comes from me personally looking at things that don’t work well and feeling a bit sad about how it would manifest in the future. And if that would result in an unhappy future, then it makes me unhappy. And so I want to fix it. That really is the motivation for me. I certainly don’t believe in disrupting things for the sake of it.”

3. He would be a tougher business rival

The fact that 8 out of 10 businesses fail might be a good reason to believe that the remaining 2 should really be tough.  Elon’s businesses were never exceptional. Although he had netted $180 million from selling his online payments start up (later PayPal) to Ebay, he invested much of that money in Tesla and SpaceX, and he was constantly faced with financial issues to keep his companies up and running. In one case, when the news leaked that Tesla was left with its last $9 million, Musk promised to personally refund Tesla’s customers if the company couldn’t deliver the promised cars.

Even in SpaceX, things were not in full control. In August 2008, the third launch of SpaceX’s rocket, Falcon 1, failed and along with it three government satellites and the ashes of 208 people it carried were destroyed. This was already super costly for a privately held company.

Yet, such failure could never stop Musk from pursuing his dreams. In an interview with Wired just after the failed launch, Musk declared that he planned to do more launches: “We must get to orbit eventually, and we will. It might take us one, two or three more tries, but we will. We will make it work.”

Nearly a month later, Falcon 1 was successfully launched into space, and on December 23, SpaceX could seal a $1.2 billion contract with NASA to deliver its cargo to the space station in 12 rocket flights.

“Persistence is very important. You should not give up unless you are forced to give up.” – Elon Musk

4. He would spend more on innovation

The $30 billion market cap in 2016 could be the jackpot for many business owners. Although Musk could have enjoyed a bit of risk-free stability, in the same year he made another decision that left the business world in a shock.

In late 2016 he acquired SolarCity for $2.6 billion. This of course puts Musk in a better position to implement his master plan to “move from a mine-and-burn hydrocarbon economy towards a solar electric economy”, as he had declared in 2006.  But just when Tesla was beginning to gain some serious traction among people and when many CEOs would have decided to focus on their current products, Elon Musk decided to move forward and offer a big upgrade to his products.

The merger of the two companies is “logical” and “quite obvious” from Musk’s point of view. Tesla should be able to offer an autonomous sustainable-energy solution: electric cars, solar roofs that produce electric energy, and Powerwalls that store the electric energy produced in the day to be used at nights. It seems that for Musk, the need for more innovation is on the forefront of his business goals.

There is never a better way to learn effective leadership than by looking at the successful examples. Elon Musk is such an example. His approachability, authenticity, toughness and geekiness make him an iconic figure in the business world.

What do you think of Elon Musk? Comment below!

Mostafa Dastras has written for some important companies such as HubSpot, WordStream, SmartInsights, and MarketingProfs. What keeps him up at night is how he can help his clients such as Consulting.com, increase sales with no BS content marketing. Visit his blog, LiveaBusinessLife, or connect with him on LinkedIn to get him to write for you.

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Entrepreneurs

The Silent Killer of Entrepreneurial Dreams (And How to Make Sure It Never Takes Yours Down)

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Image Credit: Joel Brown - Addicted2success

You started with fire in your belly. The vision was crystal clear. But somewhere along the way the doubts crept in. The “what if I’m wrong” thoughts. The comparison to everyone else’s highlight reel. The quiet voice that says maybe you should just play it safe and get a real job.

That voice is the silent killer. Not cash flow problems. Not bad hires. Not even market shifts. It’s self-doubt that quietly talks most entrepreneurs out of their biggest breakthroughs.

I’ve been in rooms with founders who’ve raised millions and still battle it daily. The difference between those who push through and those who fold isn’t talent or luck. It’s how they handle the internal noise.

The game-changer is learning to treat doubt as a signal, not a stop sign.

Every time that voice gets loud, it usually means you’re on the edge of something important. Growth lives right outside your comfort zone. The entrepreneurs who scale don’t silence the doubt—they thank it for showing up and then take the next step anyway.

Here’s how to make that practical.

Keep a “proof file.”

Every win, every positive customer note, every metric that moved in the right direction. When doubt hits, open it. Evidence beats emotion every single time. Most founders are terrible at remembering their own wins. They move the goalpost so fast that yesterday’s victory feels ordinary by today. A simple document or folder where you collect proof changes the internal conversation. It becomes harder to believe the doubt when you have a running list of times you were wrong about your own limits.

Surround yourself with people who are playing a bigger game.

Isolation breeds doubt. A strong peer group normalizes the struggle and reminds you you’re not crazy. The entrepreneurial path is full of invisible landmines. Having people who’ve stepped on a few of them—and lived to tell the tale… makes the journey feel less lonely and more possible. Find masterminds, find mentors, find founders a few steps ahead of you who are willing to be honest about the hard parts.

Reframe failure as data.

Every setback is just information about what to do differently next time. The fastest learners treat mistakes like tuition, not tragedy. This doesn’t mean you celebrate failure or become reckless. It means you extract the lesson quickly and move forward without carrying the emotional weight longer than necessary. The founders who win long-term are the ones who fail fast, learn faster, and keep their identity separate from any single outcome.

Get brutally clear on your “why.”

Not the surface-level money or freedom story. The deep one that still lights you up even when the work sucks. Reconnect with it daily. When doubt shows up, it’s often because you’ve lost sight of the deeper reason you started. Spend time with that reason. Write it down. Say it out loud. Let it remind you that the discomfort is temporary and the mission is bigger than the fear.

And finally, give yourself permission to be in process.

Most entrepreneurs compare their chapter one to someone else’s chapter ten. They see the polished results and forget the messy middle that every successful founder had to walk through. Your story isn’t over. It’s not even close. The doubt you feel today might be the exact thing that forces you to get clearer, stronger, and more intentional than you’ve ever been.

The path of entrepreneurship was never meant to feel safe. That’s the whole point. It forces you to become the kind of person who can handle bigger problems and bigger wins. Doubt will show up. It always does. But it doesn’t get to drive.

You do.

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Entrepreneurs

The One Brutal Mistake That Keeps Most Entrepreneurs Stuck at Six Figures (And the Fix That Unlocks Seven)

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Image Credit: Joel Brown - Addicted2success

You built something real. Customers are coming in. Revenue is growing. But no matter how hard you grind, it feels like you’re hitting an invisible ceiling. The business owns you more than you own it, and scaling feels like a distant dream instead of the next logical step.

I’ve seen it destroy too many sharp founders. They’re doing everything “right”—working longer hours, chasing every opportunity, saying yes to every client. And yet the growth stalls while their stress skyrockets.

The mistake isn’t effort. It’s identity.

Most entrepreneurs still see themselves as the indispensable hero who has to touch every single part of the business. They built it with their own hands, so they believe only they can run it at the highest level. That belief is exactly what caps them at six figures.

The shift that changes everything is deciding you are now the leader of a system, not the worker inside it.

You stop being the best operator and start becoming the best owner. That means ruthlessly auditing where your time is spent and handing off everything that doesn’t move the needle on growth. Yes, it feels scary. Yes, it feels like you’re losing control. But the entrepreneurs who break through are the ones who trust the process more than their ego.

Here’s what that actually looks like in practice.

First, identify your $10,000-an-hour activities

The ones only you can do that truly grow the company. Everything else gets documented, delegated, or deleted. Most founders I know are shocked when they finally track their time for two weeks straight. They discover they’re spending 60-70% of their week on things that could be handled by someone else at a fraction of the cost. The ego loves to whisper that “no one can do it as well as me.” That voice is expensive. It costs you leverage, it costs you time with your family, and it costs you the mental bandwidth to actually think strategically about the future of the business.

Second, build repeatable systems for the rest.

Not fancy software. Simple checklists, processes, and people who own outcomes. Your team stops waiting for your approval on every little thing. This is where most entrepreneurs get stuck—they hire help but never actually transfer ownership. They create bottlenecks because every decision still funnels back to them. The fix is to document the process once, train someone thoroughly, then step back and let them own it. Yes, there will be mistakes in the beginning. That’s the cost of building something that can eventually run without you. Every mistake becomes a better system.

Third, measure what matters.

Revenue per employee. Customer acquisition cost. Lifetime value. Stop celebrating busywork and start obsessing over leverage. I’ve watched founders go from celebrating “we’re so busy” to celebrating “we added three new team members and revenue per person went up 40%.” That’s the shift. When you start measuring the right things, your decisions change. You stop hiring to offload tasks and start hiring to multiply output.

The hard truth is that most entrepreneurs never make this transition.

They stay the bottleneck in their own business. They become the ceiling. And the business grows to the exact size that one person can manage with heroic effort… then it plateaus. The ones who break through are willing to feel uncomfortable for a season so they can build something that actually scales.

You didn’t start this journey to trade one boss for another… especially when that boss is you. Let go of the need to be the smartest person in every room. Your job now is to build something bigger than yourself. The ceiling isn’t real. It’s just the point where your old identity stops serving you. The question is whether you’re willing to let that old version of you die so a new one can lead.

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Business

Scaling a Business? Here’s What Usually Goes Wrong

Before you hire, expand, or chase bigger revenue, here’s what every founder needs to fix to scale without losing control, culture, or quality.

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how to scale a business successfully

Growing a business is the dream. But scaling one? Honestly, that is a completely different reality. (more…)

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Business

Why Most Financial Plans Fall Apart (And How to Fix It)

Most financial plans fail due to poor risk management, lack of strategy, and emotional decisions – here’s how structured advisory keeps you on track.

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Why Most Financial Plans Fall Apart (And How to Fix It)

Advisory services are redefined into a mandate for individuals and corporates seeking enhanced financial planning capabilities. (more…)

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