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If you're lucky enough to have a few hundred thousand dollars in the bank account, that should be sufficient for your own personal needs, and anything more than that you've got to put to good use.
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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More quotes by Richard Branson
Seek out strategic alliances they are essential to growth and provide resistance to bigger competition.
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The idea that business is strictly a numbers affair has always struck me as preposterous. For one thing, I've never been particularly good at numbers, but I think I've done a reasonable job with feelings. And I'm convinced that it is feelings - and feelings alone - that account for the success of the Virgin brand in all of its myriad forms.
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In the beginning it was just about the business - now it's about the brand.
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I set up this magazine called Student when I was 16, and I didn't do it to make money - I did it because I wanted to edit a magazine. There wasn't a national magazine run by students, for students. I didn't like the way I was being taught at school. I didn't like what was going on in the world, and I wanted to put it right.
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Entrepreneurial business favours the open mind. It favours people whose optimism drives them to prepare for many possible futures, pretty much purely for the joy of doing so.
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I have had fun running all of the Virgin businesses, so I never see a setback as a bad experience it is just a learning curve.
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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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Happiness is the secret ingredient for successful businesses. If you have a happy company it will be invincible.
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I learnt from an early age this need to delegate responsibility out to other team members as there is just too much for one person to do themselves. What is the point of hiring talented team members if you don't give them the freedom to make the most of the chance you have given them?
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Have faith in yourself. Think yes not no. Live life to the full. Never give up.
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If you have an idea that's going to make a big difference to people's lives, and other people are not doing it, you know, just say screw it, do it and get on with it, and give it a go.
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What can you do to make a difference? And why should you do it? (...) the scale of one's social investments doesn't matter. What matters is that you operate as a force for good at every scale available to you.
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I make up my mind about whether I can trust someone within 60 seconds of meeting them
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And obviously, from our own personal point of view, the principal challenge is a personal challenge.
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If you run your business fairly if you treat people well if you try to move your business into areas that are making a real positive difference to other peoples lives I think you'll A. have much pleasant life, but B. I think you'll have a much more successful business.
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Business is what concerns us. If you care about something enough to do something about it, you're in business
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Throughout my business life I have always tried to keep on top of costs and protect the downside risk as much possible. The Virgin Group has survived only because we have always kept tight control of our cash. But, likewise, I also know that sometimes it is essential to break these rules and spend lavishly.
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I'm a lad of the '60s. I started a magazine to try and end the Vietnam war, but it was a number of years before I had the profile, the financial resources and the time to do more.
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If somebody offers you an amazing opportunity but you are not sure you can do it, say yes-then learn how to do it later!
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If you spot an opportunity and are really excited by it, throw yourself into it with everything you've got.
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