Elon Musk, SpaceX’s Founder and PayPal, Tesla Motors. And Zip2’s Co-Founder shared his tips on dealing with competitors and winning the market. As he described in the video below, the very basic requirement of being an entrepreneur is to be able to bear all the pain!
Second, don’t be afraid to engage ourselves in less popular sector. In case we insist on entering popular businesses, make sure that we do it right, differentiate our products with the ones available at the market. Musk claimed that it would be extremely hard to win the market if our products are only slightly better or even on the same quality as others. Once our business is on, the next step is to be addicted to criticisms!
