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Why Richard Branson Is So Successful

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Sir Richard Branson is a businessman investor from the UK. He is the founder of the Virgin Group which is made up of more than four hundred companies.

Branson famously left school at sixteen and began his entrepreneurial journey immediately when he started a magazine and quickly branched out into the record business..

Branson now heads a globally recognised brand, fuels global humanitarian efforts and is famous for his adventurous spirit.

 

The Early Days

richard branson billionaireAfter being challenged for many years by his dyslexia, Richard Branson decided to leave school at sixteen to start a youth culture magazine called Student. The idea was it was to be a magazine run by students for students and Branson sold the first fifty thousand copies for free after covering costs by selling over $8,000 worth of advertising.

At the age of nineteen, Branson was living in a London commune and was in close contact with the music and drug scene. It was whilst in this environment that he had the idea of starting a mail-order record company called Virgin to help fund his magazine. The company did well enough for Branson to expand his business by adding a record shop in the famous Oxford Street, London. After the record company began to do well, the boy who dropped out of school was able to build his first recording studio.

 

Virgin Records

Branson and Virgin Record’s first recording was the smash hit ‘Tubular Bells’ by Mike Oldfield. The song stayed in the UK charts for two hundred and forty seven weeks. Eager to rapidly build on the success, Branson signed other up and coming groups to his label, including the Sex Pistols. Virgin Records then grew to one of the biggest record companies in the world as Branson proceeded to sign Genesis, Culture Club and The Rolling Stones.

 

 “Do not be embarrassed by your failures, learn from them and start again.” – Richard Branson

The Growth of an Empire

richard branson virginBranson continued to increase his entrepreneurial efforts, including the travel company Voyager Group in 1980 and the birth of the airline Virgin Atlantic in 1984, as well as a series of Virgin Megastores. However, his journey was not without some adversity and in 1992 Virgin found itself struggling to function financially and Virgin Records was sold that same year to EMI for $1 Billion. Branson was deeply hurt by having to sell the record business where it all started and he apparently cried when the sale was finalized. He was adamant that he was going to stay in the music business and he founded Virgin Radio in 1993 and started a second record company, V2 in 1996.

Branson’s Virgin Group has grown to hold more than 400 companies across the globe with business activity in the UK, the USA, Australia, Canada, Asia, South Africa and mainland Europe. The Virgin Group and Branson have expanded into trains, mobile phones, TV, drinks, banks and more.

 

 

Richard Branson’s estimated net worth is $4.7 Billion.

 

Virgin Galactic

Richard Branson virgin galactic

Recently, the ambitious and adventurous Richard Branson has dedicated a large portion of his time and energy to his space tourism project. In the autumn of 2000, Branson announced that Virgin Galactic will license the technology behind Spaceship One funded by the co-founder of Microsoft, Paul Allen and designed by the renowned aeronautical engineer from the USA, Burt Rutan.  The vision is to take paying passengers into space at a cost of $200,000. By 2014 over five hundred people had purchased tickets to go on one of Virgin Galactic’s Voyages.

 

 

 

Humanitarian Efforts

richard branson virgin Towards the end of the 1990’s, Branson and musician Peter Gabriel met with Nelson Mandela to discuss their idea of a group of leaders with no personal agenda, working together to tackle global conflicts. In the summer of 2007, Mandela announced the formation of an independently funded group of donors ‘The Elders’ who were to use their skills to find peaceful resolutions to conflicts. They would also create new approaches to global challenges that were causing or may cause human suffering.  In 1999, Branson became the founding sponsor of  the International Centre for Missing & Exploited Children. The organizations goal is to locate missing children and put an end to the exploitation of young people.

 

 

“My philosophy is that if I have any money I invest it in new ventures and not have it sitting around.” – Richard Branson

 

richard branson net worthIn 2008 Branson was the host of a gathering designed to discuss global warming related problems that face the world with the view of it being the first of many meetings. Branson held the meeting on his private island in the British Virgin Islands and British Prime Minister Tony Blair, Wikipedia founder Jimmy Wales and Google’s Larry Page were all present.

Late 2013, Branson urged businesses to boycott Uganda because of the bill it had passed against homosexuality. Branson stated that it would be against his conscience to support the country and that governments had to realize that people should be free to love who they want.

 

 

Conclusion

Richard Branson has made himself a billionaire whilst enriching the lives of other through business and humanitarian work. His ability to take things that already exist and do them better is incredible as well his ability to keep creating business ideas whilst not being deterred by ‘failures’.

As people that are looking to be successful in life we can truly learn from Richard Branson’s philosophy of embracing ‘failures’ and learning from them to ultimately achieve great things.

 

Richard Branson Picture Quote

 richard branson net worth

 

 

Jermaine Harris is a Coach, Trader, Author and Speaker. He is passionate about human potential and empowering others to change their lives in the same way he did. Jermaine believes that the opposite of being 'stuck in a rut' is possible and explains how in his book, The Rut Buster. Get to know Jermaine better at: jermaine-harris.com

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9 Comments

9 Comments

  1. Edward Kiduyu

    Jan 6, 2016 at 11:33 pm

    It takes not only personal motivation but also external inspiration to to turn the world around. Thank you Branson.

  2. Dennis Dimsy

    Apr 30, 2015 at 6:40 am

    Good work I think you have changed me…am looking forwad to be multibillionare

  3. prince

    Apr 24, 2015 at 8:34 pm

    Nice you are the best sir Richard, I am following your foot steps and hope to unite Africa.

  4. Angel Flores

    Apr 1, 2015 at 7:07 pm

    Great descriptive article. I remember he tweeted me back once lol. Of all the billionaires he’s the only one that would resemble my future. 🙂

  5. Joseph Dwomoh

    Mar 25, 2015 at 3:17 pm

    I am so much inspired about the life of Richard Branson,his ideals, ideas, philosophy and what he stands for. Keep on affecting the society positively. Thanks

  6. Munjeet Sehra

    Feb 26, 2015 at 9:17 am

    Jermaine, wonderful article 🙂
    Sir Branson is one of my heroes for certain. Read his autobiography when I moved back to the UK, after fleeing a failed marriage in Canada.
    Was obsessed with working for Virgin, and though it never happened, I did get to meet him at Oxfordshire mansion, some years ago. (Was part of catering team for an event there).

    He’s every bit the charm we see everywhere, and always smiling!!

  7. Jermaine Harris

    Feb 24, 2015 at 3:36 pm

    It is indeed an impressive net worth! Maybe one day we’ll all be travelling among the stars Laura :).

    Thanks Laura.

    Jermaine

  8. Art

    Feb 24, 2015 at 1:34 am

    Good work, this is a cool post! I think everybody looks up to this guy 🙂

  9. Laura Arango

    Feb 23, 2015 at 10:50 pm

    $4.7 billion net worth… wow, that is impressive. If I had that type of income I would definitely pay to go on the spaceship one voyage with other millionaires and billionaires.

    Thanks for sharing Jermaine, this is inspirational!

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Entrepreneurs

What if Elon Musk Ran Your Business? 4 Lessons From the Real Life Iron Man

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The story of Iron man and Elon Musk starts when Robert Downey Jr. visited SpaceX headquarters miles away from the setting of the first Iron Man movie back in 2007. The actor was inspired to base his character on Elon Musk’s personality. Ashlee Vance writes in Elon’s biographyboth Musk and Stark were the type of men, according to Downey, who ‘had seized an idea to live by and something to dedicate themselves to’ and were not going to waste a moment.” (more…)

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5 Ways to Prepare for Your Entrepreneurial Journey

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There are many ways to get ready for entrepreneurship regardless of whether you’re ready or not. The migration to the unknown will take you through many places, emotions, and people. Your journey will be both easy and difficult, but hopefully in between, you prepare yourself with an expectation of helping people by solving problems. The quest that you are about to enter will be one to remember if you are willing to adapt quickly and not give up.

Arranging for this huge change in your life should be one of the most memorable expeditions that you will ever experience. Looking into the future and being able to lay out a road map for your entrepreneurial journey will definitely be beneficial. Though there will be challenges every step of the way, being prepared will help you achieve your goals more efficiently.

To help you get started, here are 5 ways to plan an entrepreneurial expedition:

1. Form Ideas By Visualizing And Writing Them Down

Before beginning your entrepreneurial quest, brainstorm to come up with many amazing ideas even if you never act upon each of them. It’s always a good thing to write them down on paper, computer or via a mobile device app such as Google Docs. An abundance of suggestions about your processes is better than none or even a few objectives that can possibly help in some way.

The key is to breakdown those ideas to come up with better solutions to move forward in your voyage. See what’s more in line with your mission and values to be effective for your core audience, products or services that you may want to create. Whether you categorize those ideas or check them off one by one, coming up with different concepts will be a great start to your journey.

“Creativity is contagious – pass it on.” – Albert Einstein

2. Begin A Pattern Of Consistency By Quitting Bad Habits

Repetitive actions can present their challenges but if there’s a way to make progress and eliminate bad habits that aren’t hindering your itinerary then keep doing them. Have you ever noticed that negative thoughts, lack of confidence, and no exercise regimen could negate persistence of not only your entrepreneurial journey but other goals as well?

Get your mojo or swagger back by committing to a life of constant and everlasting consistency by stopping eating bad foods, wasting your time with hours of playing video games, watching television and other things that will stall your progress. When you get rid of actions that are slowing down aspects of your life, you’ll begin to pursuing things to help you lay the groundwork for success.

3. Be Disciplined While Listening More

Another way to prepare for your entrepreneurial journey is by being in control of yourself while paying more attention to everything else. It’s quite common to focus on things outside of your realm and instantly become something other than what you see fit. Difficulties can arise if your focal point isn’t there and somehow an opportunity pass right by you.

Mentorship even from a distance from someone that you don’t know can be a key element as you learn the importance of your mission. Listening to podcasts and watching YouTube videos of someone that has validated your idea is a great starting point as well. Mimicking them on some level can help you understand different phases that are ahead and how to deal with them.

“Anyone who stops learning is old, whether at twenty or eighty. Anyone who keeps learning stays young.” – Henry Ford

4. Work Effortlessly And Prioritize Your Time

You will have to work extremely hard with an emphasis on actual time value before pursuing your pilgrimage. We often hear about the results of hard work and it sounds cliche but when many other things are happening outside of your control, finding a way to manage your time can become difficult.

Most people will start off alone with zero help in terms of having a partner and putting in 100% effort. You will likely wear multiple hats as the visionary, programmer, marketer, content creator and so on. You may have to function with only 3 or 4 hours of sleep or even none at times while being respectful and cognitive of the time of others as well.

5. Persist Like There’s No Tomorrow While Planning For The Future

What’s in you? Nobody knows the answer to that question but you and the determination for reaching your destination as an entrepreneur. Whatever the answer is, you should be driven with an undaunted passion to pursue your expedition. Go after your dreams with a tenacity that you didn’t know was within your soul and keep pushing no matter what.

Be mindful that your strong pursuit can be done all while determining the proper destination of where you want to eventually end up. Never lose your focus admist numerous distractions that will happen. The emphasis comes from experience along with talking to other entrepreneurs who had similar occurrences at multiple stages of the process.

Put in the work early with the mindset of expecting obstacles and pushing forward pass them.  It will be tedious and preparing for a grind will make your entrepreneurial journey more understandable through tough times. You will be a lot wiser and better after all of the hard work whether it’s considered a failure or success.

Which one of the above 5 ways to prepare for your entrepreneurial journey resonated most with you and why? Share your thoughts below!

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7 Things You Need to Do to Grow as an Entrepreneur

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Startups are on the rise and youngsters are keen to launch their own business instead of a nine-to-five job. As simple as it sounds, opening a business needs patience and the right planning. Moreover, the profits gained can help you meet your financial obligations and realize other dreams.

Young entrepreneurs must learn the skills of investing money within the right channels as most startups fail because of a shortage of funds. Every entrepreneur has a chance to innovate, create new jobs and have an influence on society. It’s our responsibility to continually grow and push forward, usually beyond our comfort zones.

Here are the seven must-learn tips to grow as an entrepreneur:

1. Read Books and Articles

For many new entrepreneurs, your first mentors are usually found in the pages of books and blogs. Much often learned from the writings of others, and fortunately these days, people are sharing their experiences. A survey found that 88% of the world’s wealthiest people read for a minimum of 30 minutes daily. By comparison, only 2% of the overall population reads this much daily.

Read chapters in books, and articles to get new ideas and skills. Some ideas might not be directly relevant to what you’re doing these days however, it could come helpful a year or so down the road.

My advice is to search out those leaders and writers who resonate with you. You’ll understand when you’ve hit on something when you find yourself returning to a book for answers and inspiration time and time again.

“Books give a soul to the universe, wings to the mind, flight to the imagination, and life to everything.” – Plato

2. Perform SWOT Analysis

Business students and old-school marketers should be very aware of mapping out SWOT Analysis charts (Strengths, Weaknesses, Opportunities, Threats). If you’ve never made a SWOT chart, write out the strengths, weaknesses, opportunities, and threats in four quadrants on a piece of paper.

In reality, you’ll jot down a couple of notes on the back of a cocktail napkin, however despite the simplicity, if done right, a SWOT will shed light on crucial areas that require improvement. Most significantly, don’t shy away from the truth. Dissecting your weaknesses isn’t fun however, no good comes from avoiding the fact.

3. Be Willing to Take Risks

It’s impossible to become an entrepreneur if you don’t take risks. Doesn’t matter how many times you’ve fallen. See how many times you stand-up. Being an Entrepreneur isn’t that easy; it’s an up-and-down game like a business. Be willing to come up with new plans even when old strategies are working. It’s through such risks that your business will grow. You’ll learn and meet new partners or investors. Even so, the risks must be calculated. Doing the analysis and making consultations is vital in this case.

4. Open Your Eyes Wide

Many opportunities are arising in the business world every day. For instance, many companies are willing to come up with a mobile solution for a startup without charging immoderate prices. This info can only be discovered if you’re keen.

Before dismissing adverts from websites and mainstream media, conclude if they’re relevant to your business. Also, follow the events happening in the stock market and international business summits. You’ll find the opportunities which will take your business to a new level.

Becoming successful as an entrepreneur is possible if you learn, take risks, evolve, innovate, and stay motivated. You must be realistic regarding your abilities and watch the events that unfold in your world.

5. Lead the Way for Your Team

Young entrepreneurs need to encourage employees and provide help at every juncture. For any young entrepreneur who aspires to be a leader it’s necessary to be:

  • Honest
  • Ambitious
  • Courage and Risk Taking
  • Dedicated
  • A Team-player
  • An effective listener
  • An effective communicator
  • Able to inspire confidence
  • Positive

An entrepreneur who has all the attributes of a leader leads the employees to productivity. It’s essential that the team respects a leader. The hunger and aspirations of the leader to strive for success inspire the employees to put in that extra effort to be successful.

“A leader is one who knows the way, goes the way, and shows the way.” – John C. Maxwell

6. Learn How to Keep Initial Success at Bay

Do not enjoy the shrubs of initial success for too long. Return to the drawing board and draw the future course of action. To move on to the next phase:

  • Utilize local and online channels to make hype for the services
  • Start expanding by hiring employees to enhance productivity
  • Cater to a good segment of the audience by providing various services
  • Re-invest the profitable revenue into new business efforts

Never let the initial success get to your head. The online platform is an ever-changing arena. Analyze what’s working and what new tactics can be utilized to strengthen the market base.

7. Find and Keep Business Partners

You will always go far if you have people to carry your hand during hardship in business. They’ll share ideas that have made them successful and provides you funds whenever necessary. Demonstrating that you are organized, capable, and serious is vital when nurturing such relationships. Keeping records, creating financial contributions to society, and attending forums are some of the choices worth trying.

Being an entrepreneur isn’t as easy as it looks. You’ll face many up-and-downs, risks, financial crisis, and many more. Be ready to face these problems if you want to be an entrepreneur. Entrepreneurship isn’t about making money, it’s about innovating new things and represent new concepts and ideas to the world.

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Transitioning From Employee to Entrepreneur? Try Intrapreneurship First

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Studies show that 15 million Americans are self-employed full-time and that an estimated 27 million Americans will transition from the traditional workforce to full-time entrepreneurship by 2020. Additionally, it is asserted that entrepreneurs are 125% more successful if they have previously been employed in the industry in which they presently do business. This is all great news on many levels.

Chances are, if you are reading this article, you are considering transitioning from employee to entrepreneur, or perhaps you have already made the shift. I get it. I am one of the millions who has made the switch – trading stability and comfort for passion and freedom. However, if you are a potential full-time entrepreneur, there are many things to consider before making the leap.

How will I support myself and my family in the initial stages of development? What do I do if I fail? How do I maintain the drive needed to make a business successful? How will my business harness the creativity and innovation required to thrive in the marketplace? These are all valid questions and should be considered deeply.

If only there were a training ground to test your management capabilities, gain knowledge, think innovatively and be solution-focused. But, wait, there is. Your current employment can offer these opportunities and more – through intrapreneurship.

By definition, an intrapreneur is an employee of a company who has adopted an entrepreneurial mindset. Intrapreneurs are highly motivated self-starters and innovative, solution-driven thought leaders, who work within an organization. Because of this definition, acting in an intrapreneurial capacity in your current place of employment makes a great deal of sense when considering the move to self-employment. You can use your current employment status as a testing ground for where you want to be.

Here are four reasons why intrapreneurship can work for you:

1. See a problem. Solve a problem

All businesses should be designed to fulfill a need. Just as your own business should be able to justify its existence in the marketplace, initiatives within an organization should do the same. Closely examine processes and products in your place of employment. Determine what could be executed more productively. Alternatively, design a new initiative to creatively meet and exceed customer expectations. Acting in this manner will prepare you for building the structure and mission of your own business.

2. Creatively capitalize on skills and talents gained outside your employer

In many instances, we separate business from personal, and there are many good reasons for this approach. However, there are notable skills and talents used in your personal life that are transferable to the workplace. For example, if you engage in team sports, use your team building skills and charisma to involve your colleagues in projects.

If you love to read fiction books, integrate the creativity of the stories to bend the thinking of traditional methods of operation. The possibilities are many. Business owners rely on all life experiences, directly or tangentially related, for the benefit of their enterprises.

3. Intrapreneurship is for all employment levels

If you think intrapreneurship is only for c-suite executives, think again. Intrapreneurship is for the mailroom to the boardroom. As noted in the definition, intrapreneurship is about being a self-starter. You do not need permission from anyone to be highly motivated. Just as all parts of our bodies have a function, so do all positions in an organization. Even if you feel your position has no purpose in your organization, make one. We all have to start somewhere in our entrepreneurial journeys, so start right now, where you are.

4. Experiencing failure is inevitable. Move forward anyway.

All of us will experience failure at some point and multiple times as well. Failure will happen regardless if you remain employed or set out on our own. Be bold enough to move forward with establishing your voice and your place anyway. Business and life are about forward movement. Decide now what next step you will take if you fail. There is always a path forward. Get used to the possibility of your ideas being rejected and your designs being flawed now, so when you are a full-time entrepreneur, you will know how to advance.

Whether you are at the infancy stages of developing your own business, currently self-employed or even wish to remain an employee, establishing yourself as an initiator and innovator can reap many benefits for you and your company. That is the beauty of it.

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