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I always tell other people to protect against the downside, and not risk roughing on new ventures, but I never stuck to that rule myself.
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
People
Venture
Stuck
Rule
Protect
Risk
Tell
Always
Ventures
Never
Downside
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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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When you are making a decision about how best to serve your customers, your own experience is often a better guide than a more sophisticated analysis of the market.
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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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If you follow your dreams and spend your life doing what brings you joy, you are more likely to find success
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However small a company, its founders should try to expand people's opportunities and choices.
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Clearly in the eyes of the consumer the brand has not been diluted, but we must guard against that happening at all costs.
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I am passionate about many things but conserving our planet and its species is a high priority of mine.
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I'd like to see the government back a programme of research into the medical properties of cannabis and I do not object to its responsible use as a recreational relaxant.
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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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Entrepreneurship is about turning what excites you in life into capital, so that you can do more of it and move forward with it.
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When I started Virgin from a basement in west London, there was no great plan or strategy. I didn't set out to build a business empire ... For me, building a business is all about doing something to be proud of, bringing talented people together and creating something that's going to make a real difference to other people's lives.
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I like to take chances on people, and whenever possible, promote from within - it sends a great message to everyone in the company when someone demonstrates a passion for the job and leadership skills at every step along the way and is rewarded with a leadership role.
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My philosophy in life is that you only live once. Live life to its fullest.
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Red tape will often get in your way. It's one of the reasons I often carry scissors!
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I personally don't believe anything is impossible. With enough determination and effort, almost everything is possible.
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If we can just get young people to do the same as their fathers did, that is, wear condoms
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One key to entrepreneurial success is to get a great group of people around you who believe in your idea.
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There are millions of people out there who would love to become astronauts, who'd love to go to space - they'd love to look back at this wonderful world from space. That will be the engine that will enable us then to develop spaceships to transport people around the world at tremendous speeds in an environmentally friendly way.
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Fun is one of the most important - and underrated - ingredients in any successful venture. If you're not having fun, then it's probably time to call it quits and try something else.
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To be successful, you have to be out there, you have to hit the ground running, and if you have a good team around you and more than a fair share of luck, you might make something happen. But you certainly can't guarantee it just by following someone else's formula.
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