Learn more about creativity with this collection
The importance of innovation
The power of perseverance
How to think big and take risks
Factor 1: Pace of innovation
Time matters, though it's not necessarily that you need to be able to build something the fastest. But you do need to be able to innovate in a timely manner.
Especially when those looking to innovate are typically those looking to innovate quickly and stay ahead of the competition. In many instances, it can be something of a race, and with immense competition across just about every field, being at the head of the pack can help you be successful.
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1.04K reads
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Factor 2: Access To Resources
With the right pace, you also need access to the right resources. This is because resources indicate your ability to innovate. Without them, an idea is simply just an idea, and pursuing something without the necessary resources will cause you to spend more time pursuing resources...
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845 reads
Factor 3: Raw Materials
You need to have the physical resources, or raw materials, available to be able to innovate. Raw materials are often something that holds startups back in terms of speed.
But trouble sourcing raw materials can also be to the detriment of a startup that depends on them.
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936 reads
Having What It Takes To Turn Ideas Into Reality
According to Musk, "What matters is the pace of innovation, access to resources, and raw materials." So, entrepreneurs can quickly and easily gauge whether they have what it takes to turn their wild idea into reality using this simple equation.
It breaks down into three basic ques...
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1.02K reads
The Innovation Equation
Elon Musk is revered as one of history's greatest innovators. But what makes him so brilliant is that his genius is rooted not in an abstract complexity, but in straightforward simplicity.
He doesn't pursue every idea or innovation that comes to mind. Rather, he fields them using his ...
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Factor 3: Raw Materials
You need to have the physical resources, or raw materials, available to be able to innovate. Raw materials are often something that holds startups back in terms of speed.
But trouble sourcing raw materials can also be to the detriment of a startup that depends on them.
Hunt in packs
Although freelancing is largely a lonely road, the research found that the most successful freelancers (17 of the top 20 earners) are those who take advantage of the strength in numbers.
This may be counterintuitive but going solo doesn’t necessarily mean you need to compe...
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