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Do not be embarrassed by your failures, learn from them and start again.
Richard Branson
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Richard Branson
Age: 74
Born: 1950
Born: July 18
Aircraft Pilot
Autobiographer
Balloonist
Business Magnate
Businessperson
Entrepreneur
Film Producer
High School Teacher
Investor
Sir Richard Branson
Richard Charles Nicholas Branson
Sir Richard Charles Nicholas Branson
Design
Entrepreneurial
Start
Shocking
Success
Failures
Learn
Embarrassed
Business
Helpful
Inspirational
Marketing
Succeed
Failure
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Our model is to develop each business separately with its own shareholder and management - this way we can concentrate on the job in hand, rather than be part of some enormous and faceless conglomerate.
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Please don’t get hung up on this question of whether you need to have experience in an industry before you launch your startup.
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What's the most critical factor in any business decision you'll ever have to make? Basically, it boils down to this question: If this all crashes, will it bring the whole house tumbling down like a pack of cards? One business matra remains embedded in my brain - protect the downside.
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It's obviously incredibly important to keep the body fit in order to keep the mind fit, and be able to find time for friends.
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The quality of business communications has become poorer in recent years as people avoid phone calls and face-to-face meetings, I can only assume, in some misguided quest for efficiency.
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It took me years to work out the difference between net and gross. In meetings I just used to say, 'Tell me if it's good or bad news.
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A generation ago, the image was that you had to trample everyone else down to succeed but I don't believe that makes good business sense.
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As people's access to the internet grows we're seeing the sharing economy boom - I think our obsession with ownership is at a tipping point and the sharing economy is part of the antidote for that.
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Just start. You will learn so many lessons just by doing.
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Be the best at what you do
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As an entrepreneur, you've got to protect against the company going bust. And as an adventurer, you've got to protect against losing your life. It's even more important as an adventurer to get it right.
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Records are made to be broken. It is in man's nature to continue to strive to do just that.
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The balloons only have one life and the only way of finding out whether they work is to attempt to fly around the world.
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Every single astronaut who has come back from space comes back determined to do more to protect it.
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