Elon Musk - Be Less Wrong

Leaders of construction companies will likely never be at the same level of cutting-edge development as Elon Musk is between Space-X and Tesla.

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Except; of course for the first contractor on Mars!  

Quote: You should take the approach that you're wrong. Your goal is to be less wrong. Elon Musk.

Remember that Elon Musk came from a technical background where he was use to creating the future - things that did not exist yet.  His first couple companies were all software with light requirements on capital, relatively small workforce, a single engineering discipline, little government regulation and fewer stakeholders.  

As he is building Space-X and Tesla the complexity has been increased exponentially and he is having to learn to lead through that complexity.  He has had to get use to that constant feeling of uncertainty and refine his skills leading a team even in the face of opposition, failures and many unknowns. 

What construction leaders have in common with Elon Musk is that relative to the last few decades the industry is demanding changes at an exponential rate between technology, project delivery methods, talent shortages and industry consolidation.  

It’s worth learning how Elon Musk views the world and creates a vision for the future; especially how he deals with failure from an analysis and adjustment perspective.   

Elon Musk Biography

Continuous Improvement

Fail 9 Times to Succeed




What Do You Really Need to Be Effective?
Better tools and feedback systems will NEVER create value without the investment in training people and continuous hard work.
Cash Flow and the 5Cs of Credit - Capacity
The 3rd of the 5Cs of Credit is how much capacity your business has to profitably build the projects, ensuring payback of the loan or minimal risk in the case of insurance or bonding.
Leadership Team Communication
Open and frequent communication does not automatically build great projects or construction companies.