Elon Musk on Meetings vs effective communication

Elon reportedly send this mail to Tesla employees:

1) Avoid large meetings

Large meetings waste valuable time & energy

- They discourage debate

- People are more guarded than open

- There’s not enough time for everyone to contribute

Don’t schedule large meetings unless you’re certain they provide value to everyone

2) Leave a meeting if you’re not contributing

If a meeting doesn’t require your:

- Input

- Value

- Decisions

Your presence is useless.

It’s not rude to leave a meeting.

But it’s rude to waste people’s time. 

3) Forget the chain of command

Communicate with colleagues directly.

Not through supervisors or managers.

Fast communicators make fast decisions.

Fast decisions = competitive advantage.

4) Be clear, not clever

Avoid nonsense words and technical jargon.

It slows down communication.

Choose words that are:

- Concise

- To the point

- Easy to understand

Don’t sound smart. Be efficient.

5) Ditch frequent meetings

There’s no better way to waste everyone’s time.

Use meetings to:

- Collaborate

- Attack issues head-on

- Solve urgent problems

But once you resolve the issue, frequent meetings are no longer necessary.

You can resolve most issues without a meeting.

Instead of meetings:

- Send a text

- Send an email

- Communicate on a discord or slack channel

Don’t interrupt your team’s workflow if it’s unnecessary.

6) Use common sense

If a company rule doesn’t:

- Make sense

- Contribute to progress

- Apply to your specific situation

Avoid following the rule with your eyes closed.

Don’t follow rules. Follow principles.

Rich or Poor as per Elon Musk

Elon Musk explains why his daughter can’t marry a poor man.

A few years ago there was a conference in the United States on investment and finance. One of the speakers was Elon Musk and during the question and answer session, he was asked a question that had everyone laughing. 

If he, the richest man in the world, could accept that his daughter marry a poor or modest man. 

His answer can change something in everyone.

Elon Musk - First of all, understand that 

Wealth does not mean having a fat bank account. Wealth is primarily the ability to create wealth.

Example: Someone who wins the lottery or gambling. Even if he wins 100 millions is not a rich man: He is a poor man with a lot of money. That's the reason why 90% of the lottery millionaires become poor again after 5 years.

You also have rich people who have no money.

Example: Most entrepreneurs.

THEY are already on the road to wealth even though they have no money, because they are developing their financial intelligence and that is wealth. 

How are the rich and the poor different?

To put it simply: The rich may die to become rich, while the poor may kill to become rich.

If you see a young person who decides to train, to learn new things, who tries to improve himself constantly, know that he is a rich man.

If you see a young person who thinks that the problem is the state, and who thinks that the rich are all thieves and who criticizes constantly, know that he is a poor man.

The rich are convinced that they just need information and training to take off, the poor think that others must give them money to take off.

In conclusion, when I say that my daughter will not marry a poor man, I am not talking about money. I'm talking about the ability to create wealth in that man.

Excuse me for saying this, but most criminals are poor people. When they are in front of money, they lose their mind, that's why they rob, steal etc... For them it is a grace because they don't know how they could earn money by themselves.

One day, the guard of a bank found a bag full of money, he took the bag and went to give it to the bank manager.

People called this man an idiot, but in reality this man was just a rich man who had no money.

One year later, the bank offered him a job as a receptionist, 3 years later he was a customer manager and 10 years later he manages the regional management of this bank, he manages hundreds of employees and his annual bonus exceeds the amount he could have stolen.

Wealth is first of all a state of mind.

So … are u rich or poor?

✔️