What separates the successful entrepreneurs from the non-successful ones is pure perseverance
I'm convinced that about half of what separates the successful entrepreneurs from the non-successful ones is pure perseverance. It is so hard. You put so much of your life into this thing. There are such rough moments in time that I think most people give up. I don't blame them. Its really tough and it consumes your life. If you've got a family and you're in the early days of a company, I can't imagine how one could do it. I'm sure its been done but its rough. Its pretty much an eighteen hour day job, seven days a week for awhile. Unless you have a lot of passion about this, you're not going to survive. You're going to give it up. So you've got to have an idea, or a problem or a wrong that you want to right that you're passionate about otherwise you're not going to have the perseverance to stick it through. I think that's half the battle right there.
As Elon Musk just sold Paypal for $180M in 2002, he soon after founded one of the most unthinkable companies ever thought of: SpaceX. The objective was to revolutionize the cost of space travel with reusable launchers, capable of greatly reducing the cost of putting into orbit and thus allow the development of civil space; but whose ultimate grand design was to transform Man into a multi planetary species, by colonizing Mars.
No one believed him at the time. The first three launches in 2006, 2007 and 2008 ended in failures: an explosion due to a fuel leak, an engine shutdown and a collision between the first and second stages on separation. None of the three rockets had even managed to reach Earth's orbit. Elon Musk needed external investment to continue. He said he had funds left over for one more launch.
Musk himself admitted, "If that fourth launch hadn't been successful, we would have closed up shop. But fate smiled upon us that day. »
The launcher's fourth flight on September 28, 2008 was a success, and for the first time in history, six years after the creation of SpaceX a private rocket launched a satellite.
Focus is saying no to 1,000 good ideas.
It's through curiosity and looking at opportunities in new ways that we've always mapped our path at Dell. There's always an opportunity to make a difference.
Every time I read a management or self-help book, I find myself saying, “That’s fine, but that wasn’t really the hard thing about the situation.” The hard thing isn’t setting a big, hairy, audacious goal. The hard thing is laying people off when you miss the big goal. The hard thing isn’t hiring great people. The hard thing is when those “great people” develop a sense of entitlement and start demanding unreasonable things. The hard thing isn’t setting up an organizational chart. The hard thing is getting people to communicate within the organization that you just designed. The hard thing isn’t dreaming big. The hard thing is waking up in the middle of the night in a cold sweat when the dream turns into a nightmare.