Starting his first business at the age of 16, Sir Richard Branson has been an inspiration for millions across the globe. Even with failures, he has stood with his head held high and moved on to create one of the largest empires in the world. Here’s a quick look at some of the lessons that budding entrepreneurs can learn from Sir Richard Branson:Start right now!
Richard Branson started his first business venture – Student, a magazine at the age of 16. He didn’t wait till he finished his education to work on an idea that he believed in.
Education is not a benchmark to startup
Don’t worry about your qualification or experience. Branson almost dropped out of college and is known for not having a great educational record and is also dyslexic. And look at what he has built
Start small but dream big
Branson started a record shop in Oxford Street in London and with the profits from this business he went on to start the world renowned record label – Virgin Records in 1972
Failure is the stepping stone to success
It definitely was one for Branson. Though he sold Virgin Label in 1992, he went on to later start the V2 records to re-enter the music business. Now, he is actually thinking of buying back the original Virgin record.
Create a brand that is here to stay
Virgin was a suggestion from friends for the new record store started by Richard Branson because the entire team was new to the business of record sales. And this brand has lasted through decades and the world knows it as one of the biggest brands in the world today.
Passion and love for what you do really counts
Branson is a clear example of this thought. His love for music pushed him to re-enter the music record business even after a failure. Staying passionate and loving what you do, counts in the end.So if you have a great idea then get started right away, you never know, you might be the one to create the next big empire that the world is waiting for!
Take a look at his autobiography, Losing My Virginity, to learn more from his experiences.