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The innovation mindset The Entrepreneur Elon Musk

Discover the extraordinary entrepreneurial mindset of Elon Musk in this captivating video! Learn how Musk revolutionizes industries by shifting economic resources from low productivity to high yield areas. Unlike conventional entrepreneurs, Musk doesn’t always start a new company; he elevates ideas from mediocrity to greatness.

The entrepreneur Elon Musk, who is an entrepreneur, a person who shifts economic resources out of an area of lower productivity and into an area of higher productivity and greater yield. An entrepreneur does not necessarily need to start the company. What does Elon Musk do differently? Elon takes ideas from a lower level of productivity to a higher level of productivity. Let’s use space travel as an example. Elon looked at the rocket and knew it was too expensive to scale them. He used first principle thinking: what are all the key components and what are the cost? The most expensive thing was building a rocket only to throw it away. He devised a way to change the way space travel would happen. From an entrepreneurial standpoint, Elon Musk took a lot of calculated risks in trying to get a contract from NASA. He launched three rockets that failed but he kept pushing until his fourth launch was a success.

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