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Richard Branson’s 21 Survival Strategies For Small Business Success

Joel Brown (Founder of Addicted2Success.com)

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We share with you Richard Bransons 21 Small Business Strategies, taken from the Billionaire & UK Entrepreneurs Auto Biography “Losing My Virginity: How I’ve Survived, Had Fun, and Made a Fortune Doing Business My Way“.

Richard Branson has faced an immense amount of challenges along the way and has applied these 21 strategies to carry all of his Successful businesses through thick and thin. Read on to find the Top 21 of Richard Branson’s Small Business Strategies for running a Successful business.

Richard Branson’s 21 Survival Strategies For Small Business Success

1. Remain focused on fulfilling your business mission. Never allow adversity divert your attention and efforts.

2. Don’t wait till you are big before you begin building your brand. Build a brand from scratch alongside your business.

3. Learn to use your brain power. Critical thinking is the key to creative problem solving in business.

4. Build your own business team. Survival in business requires a synergy of skills.

5. Never take your eyes off the cash flow because it’s the life blood of business.

6. If you are a new startup company, try not to arouse the interest or suspicion of your competition; especially if they are a bigger company. They can crush you while you are still in your startup phase. Lie low while still strengthening your bottom line.

7. Grow internally first. Strengthen your bottom line first before considering external growth.

8. Focus on your business strengths and keep its weaknesses away from the competition or public.

9. Be swift to take advantage of business opportunities. Bigger companies are too cumbersome to move quickly; this can be a competitive advantage for you.

10. Learn to live on the edge.

11. Be creative. Innovate consistently on the little things that the big companies ignore. Little things often make big differences in business.

12. Listen to the customer’s complaint and act fast.

13. Meet regularly with your business team and brainstorm. Intricate business problems are mostly resolved at brainstorming sessions.

14. Run lean; avoid unnecessary expenses.

15. Don’t hesitate to seek external help or advice where need be. Sometimes, it takes an external, emotionally unattached individual to detect your business flaws and render unbiased advice.

16. Follow your instincts and live with the consequences.

17. Avoid litigations. They are expensive and consume loads of time but if you have got a good case and a better chance of winning; then fight it out.

18. Free publicity and word of mouth is probably the best and cheapest form of advertising. Learn to use it to your advantage.

19. Learn to raise capital by any means necessary. That’s your primary job as an entrepreneur. You must continually raise capital from family and friends, banks, suppliers, customers and investors.

20. Seek out strategic alliances; they are essential to growth and provide resistance to bigger competition.

21. And if after all this you eventually fail; don’t take it personal. Don’t be ashamed to start all over again.

 

Richard Branson’s Success Quotes To Live By:

We have always had a pretty competitive ferocious battle with British Airways. It lasted about 14 years and we are very pleased to have survived it.” – Richard Branson

Screw it, let’s do it.” – Richard Branson

A business has to be involving, it has to be fun and it has to exercise your creative instincts.” – Richard Branson

Back then we would create a company based on frustration at other people’s service and suddenly realized we had one of the most respected brands in the world.” – Richard Branson

If you are trying to do something for the first time, it’s always an enormous challenge, and there is no guarantee of success. You never know with these things when you’re trying something new what can happen. This is all experimental.” – Richard Branson

Business opportunities are like buses, there’s always another one coming.” – Richard Branson

We look for opportunities where we can offer something better, fresher and more valuable and we seize them. We often move areas where the customer received a poor deal and where the competition is complacent. And with our growing e-commerce activities, we also look to deliver old products in new ways. We are proactive and quick to act, often leaving bigger and more cumbersome organizations in our wake” – Richard Branson

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.” – Richard Branson

In the beginning it was just about the business; now it’s about the brand.” – Richard Branson

Above all, you want to create something you are proud of. That’s always been my philosophy of business. I can honestly say that I have never gone into any business purely to make money. If that is the sole motive, then I believe you are better off doing nothing.” – Richard Branson

“We don’t actually plan to launch new businesses over the next few years, but we are planning to take the ones we have into new territories.” – Richard Branson

 

I am the the Founder of Addicted2Success.com and I am so grateful you're here to be part of this awesome community. I love connecting with people who have a passion for Entrepreneurship, Self Development & Achieving Success. I started this website with the intention of educating and inspiring likeminded people to always strive for success no matter what their circumstances.I'm proud to say through my podcast and through this website we have impacted over 100 million lives in the last 6 and a half years.

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11 Comments

11 Comments

  1. business consultancy Asia Pacific

    Apr 6, 2015 at 8:05 am

    This is the perfect blog for everyone who wants to find out about this
    topic. You understand so much its almost tough to argue
    with you (not that I actually will need to…HaHa).
    You certainly put a band new spin onn a subject that has been written about for many years.
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  2. mlites

    Jul 28, 2014 at 2:11 pm

    As a start up with need for keeping our budget thin while we take on investors, articles like this are like finding extra cash. We appreciate it.

  3. Reemo

    Oct 5, 2013 at 2:38 pm

    Awesome content! every concept is so simple and easy to understand.

  4. Jonathan

    Sep 24, 2013 at 11:15 pm

    Great advice, as usual! Thanks!

  5. ben

    Mar 7, 2013 at 11:09 am

    Thank u sir.you’ve managed to keep me thinking and seeing the possibilities.
    Keep on keeping us thinking and awake.

    U are doing awesome job

  6. Become Anybody

    Feb 24, 2013 at 6:12 pm

    Thank you.

    That’s a great selection of tips from Richard Branson, and a useful addition to the knowledge base for any small business owners and would-be entrepreneurs looking to emulate the Branson mindset.

    Anything that can help you think like a billionaire and channel some of Branson’s mercurial brilliance has to be a good thing for your success.

    Shifting into a success minded attitude is not easy but taking on some Branson traits definitely helps.

    Thank you.

  7. Terry

    Apr 23, 2012 at 5:15 pm

    Great Blog, but more importantly great article. We all need to realize it is hard starting and managing a small business. Its hard to believe that someone like Richard Branson went through the same issues or more then we are now. Thanks for the Survival tips! Keep them coming.

  8. katalog stron internetowych

    Feb 6, 2012 at 9:34 pm

    Lucky me and all people who have ever read this blog because it is so noteworthy.

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    Jul 26, 2011 at 3:02 pm

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  10. ties uk

    Jul 26, 2011 at 11:11 am

    Thanks for the share. Love it!

  11. Carroll B. Merriman

    Jul 26, 2011 at 6:51 am

    Love the blog. You’ve got me attached, I always come here!

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30 Inspirational Quotes by Michelle Obama That Will Lift Everyone Up

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Image Credit: Crown Publishing

Michelle Obama, wife of former United States President, Barack Obama, an American lawyer and writer, a former First Lady of the United States of America, a mom, an author and a style icon. In the eight amazing years that she served as the First Lady of the United States of America, she managed to become an inspiration for women all across the globe.

She has always spoken and worked towards equal rights for women, education for girls and healthy living. She is the proper definition of the modern-day revolutionary woman. Over the last couple of years, she has been encouraging people everywhere with her incredible words of wisdom and motivation. Every single person – young or old, is sure to take inspiration and motivation from her words.

Here are 30 quotes spoken by Michelle Obama:

1. “When they go low, we go high.”

2. “Success isn’t about how much money you make. It’s about the difference you make in people’s lives.”

3. “Always stay true to yourself and never let what somebody else says distract you from your goals.”

4. “The only limit to the height of your achievement is the reach of your dreams and your willingness to work hard for them.”

5. “Being a healthy woman isn’t about getting on a scale or measuring your waistline. We need to start focusing on what matters – on how we feel, and how we feel about ourselves.”

6. “As women, we must stand up for ourselves. As women, we must stand up for each other. As women, we must stand up for justice for all.”

7. “No matter who you are, no matter where you come from, you are BEAUTIFUL.”

8. “Always stay true to yourself and never let what somebody says distract you from your goals.”

9. “No country can ever truly flourish if it stifles the potential of its women and deprives itself of the contribution of half of its citizens.”

10. “You don’t have to say anything to the haters. You don’t have to acknowledge them at all. You just wake up every morning and be the best you can be. And that tends to shut them up.”

11. “Instead of letting your hardships and failures discourage or exhaust you, let them inspire you. Let them make you even hungrier to succeed.”

12.Empower yourselves with a good education, then get out there and use that education to build a country worthy of your boundless promise.”

13. “When girls are educated, their countries become stronger and more prosperous.”

14. “Success is only meaningful and enjoyable if it feels like your own.”

15. “Choose people who lift you up.”

16. “The difference between a broken community and a thriving one is the presence of women who are valued.”

17. “Don’t be afraid. Be focused. Be determined. Be hopeful. Be empowered.”

18. “Just do what works for you because there will always be someone who thinks differently.”

19. “Every girl, no matter where she lives, deserves the opportunity to develop the promise inside of her.”

20. “Just try new things. Don’t be afraid. Step out of your comfort zones and soar.”

21. “Do not bring people in your life who weigh you down. Trust your instincts, good relationships feel good, they feel right, they don’t hurt.”

22. “The one way to get me to work my hardest was to doubt me.”

23. “Don’t ever make decisions based on fear. Make decisions based on hope and possibility. Make decisions based on what should happen, not what shouldn’t.”

24. “I have learned that as long as I hold fast to my beliefs and values – and follow my own moral compass – then the only expectations I need to live up to are my own.”

25. “Changing the big picture takes time… and the best thing to do is focus on the things that we can make in our lives. If we’re doing all that – that becomes the collage of real change.”

26. “People who are truly strong lift others up. People who are truly powerful bring others together.”

27. “We need to do a better job of putting ourselves higher on our own ‘to do’ list.”

28. “You can’t make decisions based on fear and the possibility of what might happen.”

29. “I am an example of what is possible when girls from the beginning of their lives are loved and nurtured by people around them. I was surrounded by extraordinary women in my life who taught me about quiet strength and dignity.”

30. “If my future were determined just by my performance on a standardized test, I wouldn’t be here. I guarantee you that.”

What is your favorite quote from Michelle Obama? Comment Below!

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As a motivational speaker, author and politician, Les Brown has risen to international prominence by delivering a high energy message which tells people how to shake off mediocrity and live up to their greatness. (more…)

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Joel Brown (Founder of Addicted2Success.com)

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Here is a nice collection of some of the worlds most powerful quotes by successful women. (more…)

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