Elon Musk's 5 Rules to build a company:
1. Work Hard: Put in extensive hours to outpace competitors and increase productivity.
2. Sell a Great Product: Ensure your product or service is exceptional, especially in competitive markets, to succeed.
3. Hire Great People: Surround yourself with talented individuals who can push the company forward.
4. Focus on Value: Invest in improving your product’s value rather than spending on unnecessary aspects, including advertising.
5. Take Risks Early: Make bold decisions and take risks while you have fewer obligations, as delaying risks can hinder success.
Vocabulary:
• Untapped (past participle): Unexplored, untouched.
• Couch (noun): A piece of furniture for seating multiple people.
• YMCA (noun): Young Men's Christian Association, known for providing gym facilities and showers.
• Waking hour (noun): The time during which someone is awake.
• Course (of time) (noun): A period during which something happens.
• Entrenched (past participle): Established and difficult to challenge.
• Trusted (adjective): well-regarded.
• Slightly (adverb): A little bit; not very much.
• Gather (verb): To bring together.
• Cohesively (adverb): In a unified and consistent way.
• Manufacturing (verb): The process of making products, especially with machines.
• Bold (adjective): Showing a willingness to take risks; confident and courageous.
Source: Vocal source media