Elon Musk is the kind of entrepreneur that people flock to work for. Making significant strides in everything from advanced automotive engineering to space travel. Just last week, the billionaire inventor unveiled his concept for the Loop, a personalized mass transit system that would carry 16 people per pod and travel at 150 miles per hour, starting in Los Angeles. 

His abundance of self-confidence and demand for accountability (especially of himself) makes him a leader worth following. 

While he does stress that he'd rather have his employees be more fearful of not speaking up around him rather than worry about looking foolish, Musk hasn't always been the perfect example of the most successful inventor and leader.

Musk has suffered through his own litany of epic failures including being fired as the CEO from own company Zip2, as well as being ousted from PayPal while on his honeymoon. Then there's all the failed SpaceX rocket launches -- there were a lot. 

Many entrepreneurs would have thrown in the towel when their own companies fired them, or when they constantly faced the prospect of bankruptcy or even if their beloved inventions exploded over and over and over. 

The biggest lesson you can learn from Musk is to never, ever give up on our goals. Life has a pesky way of placing big obstacles in your path -- whether it be unmotivated employees, health emergencies, failed experiments, impostor syndrome and so many more unexpected roadblocks. 

Surrendering to failure is never the answer. If Musk can recover from numerous failed businesses and space rocket explosions, you can pick yourself up from your latest botched invention and make it better. 

Learning from your mistakes is the best gift you can give yourself to improve not only whatever new invention, business venture or dream you undertake, but to evolve as leaders and dreamers. 

Musk has also learned from his own mistakes, saying something so profound that it ended up in a list of Richard Branson's favorite inspirational quotes

"Constantly think about how you could be doing things better and questioning yourself."

The minute you think you have all the answers, you've failed. That's why challenging yourself to be better and always being open to learn more is key to success as an inventor, entrepreneur and leader.

Published on: May 21, 2018
The opinions expressed here by Inc.com columnists are their own, not those of Inc.com.