Factor 3: Raw Materials - Deepstash
Inside The Mind of Elon Musk

Learn more about creativity with this collection

The importance of innovation

The power of perseverance

How to think big and take risks

Inside The Mind of Elon Musk

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Factor 3: Raw Materials

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.

124

922 reads

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Factor 2: Access To Resources

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...

129

832 reads

Factor 1: Pace of innovation

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...

130

1.02K reads

Having What It Takes To Turn Ideas Into Reality

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...

131

1.01K reads

The Innovation Equation

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 ...

142

1.27K reads

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Factor 2: Access To Resources

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...

Factor 1: Pace of innovation

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...

Block flow-killing distractions

Block flow-killing distractions

Flow depends on being able to do focused work for long periods of time without interruption. You need to be able to exercise control over your focus and attention, rather than let them be passively determined by external forces.

To do that you need to train your focus. Be a...

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