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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.

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
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As an adventurer...I try to protect against the downside. I make sure I have covered as many eventualities as I can. In the end, you have to take calculated risks otherwise you're going to sit in mothballs all day and do nothing.
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Capitalism has never stood back and examined itself properly. I think everybody knows that capitalism is the only thing that works, but is the current form of capitalism the best way of it working?
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My biggest motivation? Just to keep challenging myself. I see life almost like one long University education that I never had - everyday I'm learning something new.
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I have had a lot of fun pushing the boundaries on my balloon and kitesurf adventures, breaking some world records in the process, and I think this attitude of having fun whilst working hard is one that lends itself very well to successful entrepreneurship.
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About 40 percent of my time is spent on social issues and building new organizations, more for the benefit of the climate or health issues.
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I definitely go on gut instinct but it has always had the back up of research and information.
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Over the years I have found one of my best strengths is my ability to recognise talent and trust them.
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I have enjoyed life a lot more by saying yes than by sayings no.
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The quickest way to become a millionaire in the airline business is to start out as a billionaire.
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Have fun, work hard and money will come. Don't waste time - grab your chances. Have a positive outlook on life. When it's not fun, move on.
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Realize that the people who are working with you, this is their life. You know, 80% of their time is spent at work. Make sure that they're proud of what they're doing, that they're enjoying what they're doing.
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Every business will face tough times.
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I am a great believer that you need passion and energy to create a truly successful business. Remember many new businesses do not make it and running a business will be a tough experience, involving long hours and many hard decisions - it helps to have that passion to keep you going.
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I rely far more on gut instinct than researching huge amounts of statistics.
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When people warn me against doing something once my mind is made up, I grow increasingly determined to try it.
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It isn't effective or productive to force your employees to do anything. Choice empowers people and makes for a more content workforce.
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I have no secret. There are no rules to follow in business. I just work hard and, as I always have done, believe I can do it. Most of all, though, I try to have fun.
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If you run a business, put on top your employees, then your consumers, and then your shareholders.
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