Business Advice from Sir Richard Branson

Let's kick this off with one of my biggest heroes in the world of business, Sir Richard Branson.

Sir Richard Branson, one of the world’s most recognizable billionaires, and the founder of Virgin Group, has built an empire comprised of more than 400 companies including airlines, record stores, publishing organizations and he's even tackling commercial space travel. 

During his interview on '30 Days of Genius' with Creative Live, I got to hear his best business advice for aspiring entrepreneurs who want to start a business of their own, first-hand:

“The best businesses come from people’s bad personal experiences. If you just keep your eyes open, you’re going to find something that frustrates you, and then you think, ‘well I could maybe do it better than it’s being done,’ and there you have a business.”

If you can improve people’s lives, you have a business.

People think, ‘well everything’s been thought of'.

But actually, all of the time, there are gaps in the market here and gaps in the market there.

Identifying those gaps and creating a profitable opportunity within it, is the foundation to a successful business

Richard Branson's net worth as I write this mail is $5 billion.

Key Takeaway

If you just keep your eyes open, you’re going to find something that frustrates you, and then you think, ‘well I could maybe do it better than it’s being done,’ and there you have a business.”

He owes his fortune to a conglomerate of businesses bearing the "Virgin" brand name, including Virgin Galactic and Virgin Atlantic.

The son of a barrister and flight attendant, Branson got his start with a mail-order record business almost 50 years ago.

Today he's going into space commercially.

Begin the journey with the very next move you make this morning.

Make the call

Take that trip

Write that email

Just start, no matter how imperfect it might seem

Did this blog post resonate with you?

Leave a comment below and let me know.

Tomorrow, we take business advice from Arianna Huffington.

See you tomorrow!

'Mobolanle


"You don't learn to walk by following rules. You learn by doing, and by falling over."

 Richard Branson

 Virgin Group

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Reference:

2018, May 20. Richard Branson. Retrieved from http://www.forbes.com

By | 2018-07-11T16:43:04+01:00 July 10th, 2018|Blog, Business tips, Grow your business, marketing, Start your business, startup, Uncategorized|Comments Off on Business Advice from Sir Richard Branson