- Elon Musk said starting a business and having it succeed was “very, very hard.”
- A company’s prospects come down to how useful its products and services are, he said.
- Ensuring the value of the output exceeds the cost of the input is “shockingly hard,” Musk added.
Elon Musk said it’s “very, very hard to start a business and have it “succeed” in response to a question at a town hall in Wisconsin on Sunday.
“It is true that most businesses that start do not succeed,” he told an 18-year-old voter asking for his advice to young entrepreneurs.
He said a company’s success, “whether it’s a great restaurant or store or a technology company or whatever the case may be,” came down to how useful consumers find its products or services.
“I have a lot of admiration for anyone who just does an honest day’s …