Famous Entrepreneur Quotes
Richard Branson’s Quotes
“You don’t learn to walk by following rules. You learn by doing, and by falling over.”
“Do not be embarrassed by your failures, learn from them and start again.”
“Business opportunities are like buses, there’s always another one coming.”
Richard Branson’s Top 10 Rules For Entrepreneurship, Business and Success
He’s a businessman, investor, and is involved in over 400 companies. He takes on big companies, breaks the rules, and likes to go after world records. He’s worth an estimated $4.9 billion. He’s Richard Branson and here are his top 10 rules for success.
Rule #1. Keep It Simple
I mean, I am dyslexic and therefore I think I’ve been very good at keeping things simple because, yeah, as a dyslexic I need things to be simple for myself, and therefore Virgin, I think, when we launch a financial service company or a bank we do not use jargon, everything is very clear cut, very simple, and I think people have an affinity to the Virgin brand because we don’t talk above them or talk down to them.
Rule #2. Give It A Try
I mean, I think that lots of people do not have the courage to try to start a business. And all I would say about it, I’ve written the book called Screw It Just Do It, and it basically is trying to say to people, just give it a try. Actually sometimes a very, very small amount of money is all that’s needed to start a company.
My mother found a bracelet on the street and she handed it in to the police station, and after three months the police let her sell it and the couple of hundred dollars was really critical at a critical time in the development of our business. So all I say is just give it a go and good luck with that one.
Rule #3. Be A Leader
That I think the most important thing about running a company is to remember all the time what a company is. A company is simply a group of people, and as a leader of people you have to be a great listener, you have to be a great motivator, you have to be very good at praising and looking for the best in people. People are no different from flowers, if you water flowers they flourish, if you praise people they flourish, and that’s the critical attribute of a leader.
Rule #4. Don’t Give Up
You know, there is a very thin dividing line between success and failure when you start a business from scratch and if you don’t have enough money to pay the bills you go the wrong side of that dividing line, and if you can somehow get enough money to pay the bills you stay the right side of that dividing line.
You know, I’ve always been running, either running faster than perhaps I should, and I have great difficulty saying no to things so I keep on taking on new things, and we’ve just managed to stay the right side of the dividing line over the last 50 years of business, but equally in those early days when you’re starting a business without any financial backing, it’s easy to slip the wrong side, and, in fact, most entrepreneurs do slip the wrong side and the important thing is then just pick yourself up and start again, and if it doesn’t work at that time then keep going until you do succeed, and not to give up.
Rule #5. Delegate
I think the next stage is to be a great delegator and not try and do everything yourself. Try to find people who are better than you, all the time try to find people who are better than you to put you out of business effectively, so whatever you are spending all your day doing, try to find someone who’s better than you to do that, to replace you at it, so that you can go off and think about the next big picture.
You know, an entrepreneur is not a manager. An entrepreneur is somebody who is great at conceiving ideas, starting ideas, building ideas, but then handing over to really good managers to manage the businesses. You know, the moment you’ve got more than one business you can’t be hands on doing everything.
Rule #6. Treat People Well
I don’t actually think that the stereotype of a businessperson treading away with people to get to the top, generally speaking, works. I think if you treat people well people will come back for more. And it’s a very small world. I actually think that the best way of becoming a successful business leader is dealing with people fairly and well, and I’d like to think that’s how we run Virgin.
Rule #7. Shake Things Up
I love learning, I’ve never actually thought I was starting a company as such, I just saw situations as I traveled in life where I felt I could improve on the way things that have been done by other people. So, one of my favorite phrases is screw it let’s do it, and I’ve used that phrase a lot of times. And we just love going in and trying to shake up industries and doing it better than it’s been done before.
Rule #8. People Will Be Skeptical
Yeah, when we launched Virgin Atlantic 30 years ago the New York Times did a review, and they did some market research and they said, first of all, with a name like Virgin it’s not going to go the whole way.
But secondly, they did market research where it said only seven percent of people would fly on a airline called Virgin, and we put our hands up and said, seven percent would be just fine, and so we carried on with it, but there were a lot of skeptics out there and there always will be lots of skeptics when you want to start something new.
Everybody will tell you why it’s a bad idea, why you shouldn’t do it, why you’ll lose everything you’ve got, and in the end you just got to at them and try to prove them wrong, but good luck.
Rule #9. Affect Lives Positively
I think the word business, it becomes a business, but what you’re doing is you’re painting a picture, you’re trying to create something to make a difference in other people’s lives, you have a blank canvas and you’re filling in every little bit of that canvas to get every single little detail right, and if that canvas sings out at you at the end and it’s a beautiful picture, your business is going to be successful.
If bits of the canvas are not quite right, your business may fail. So if you set out to change people’s lives you’ve got to get every single little detail right, you got to make sure that the people that you’re working with 100% believe in what you’re trying to do and you got to make sure that what you’re trying to do is worthwhile spending your time on, and in the end of the day you want to be sure that the people’s lives you’ve affected, you’ve really bettered it, you’ve affected them and benefited them, and if you get all that right hopefully you’ll be able to pay the bills at the end of the year.
Rule #10. Do Things Differently
Man: I would say the overarching and key thing that really binds the group together is the idea of not just playing the game, but changing it for good. I think Richard embodies the principles better than anyone I’ve ever worked with and anybody that I know because he’s very focused on the business, on starting new businesses, on making sure that he’s got the right people in the businesses, but also on doing things differently and really changing the game. I think that it’s the combination of those that sets him apart as the great entrepreneur of his generation.
Thank you guys for watching, I made this video because Arlene D. asked me to, so if there’s a famous entrepreneur that you want me to profile next, leave it in the comments below and I’ll see what I can do. I’d also love to know which of Richard Branson’s top 10 rules you like the most. Leave it in the comments and I’m going to join in the discussion. Thank you so much for watching. Continue to believe. And we’ll see you soon.
Richard Branson’s Rules
- Keep it simple
- Give it a try
- Be a leader
- Don’t give up
- Treat people well
- Shake things up
- People will be skeptical
- Affect lives positively
- Do things differently
I hope you enjoyed this article, make sure to check my Richard Branson video on his Top 10 Rules For Success as well.
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