Make a large circle for the body and stomach of the Elephant and a leaf like small circle for the face.
Now create an outline for the trunk of the Elephant and make those large ears.
Make it all better by drawing some extra strokes across the body.
Now make stone like drawings for the feet.
Now join the the upper two stone like figures to the lower to and make the legs.
Now make stone like figures for other two feet.
Join them and make the legs.
Detail the drawing with better strokes of eyes, ears and the tail.
Finish the Elephant by drawing all the required details.
How to Draw an Elephant with Color Pencils [Time Lapse]