Entrepreneurial Tips from Great Businessman Richard Branson

Do you really want to understand what entrepreneurship is? Then you must study the business profiles of great entrepreneur Richard Branson, the founder of Virgin Group. Branson started working at a very early age. He started business at the age of 16 with a magazine named Student. He went on to setup Virgin Records, Virgin Atlantic, and several other brands. In his forty years of entrepreneurship, Branson has developed more than 100 brands and his group has more than 400 companies. These figures are more than sufficient to give you a huge boost to your entrepreneurial dream. Becoming a successful entrepreneur requires passion and an endless patience. And, as Branson says, “You spend your 80% of your life at work place. Make sure you love what you do or else, don’t do it.”

If you really wish to dream of becoming a successful entrepreneur, here are some wonderful entrepreneurial tips from the one and only Richard Branson:

Motive is Important

When you start something new, make sure it has got a motive…certainly a positive one. Richard Branson wasn’t happy with the customer service of British Airways. So, he started new airline company named Virgin Atlantic keeping customer centric policies in mind. His sole motive was to create an airline who provides the best customer service. If you’re planning to start a business and you think that it’s going to serve people honestly, you’re good to go.

Keeping it Simple is a Good Idea

Branson says that whenever you start a new business or plans to introduce a new strategy, product or service, make sure you keep it simple. More you make it complex, more it gets difficult. Be confident about whatever you’re pitching. Investors like a concrete, clear and result-oriented idea.

Do Not Hurry

Starting a business demands a clear vision and patience. You just cannot be in a hurry to make it big. Branson suggests that the very first year of business is all about surviving. Do not keep bigger goals in the first year of business. Surviving should be your only goal. And as the time passes, you’ll learn how to move ahead.

Dealing with Investors

Branson says that his forty-year long career as an entrepreneur tells him that investors bring much more to your business than just money. When you’re sitting with investors, make sure that investors have a vision to create a great business. Ask yourself if you’re going to get enough time and space for the idea you’re sharing with your investors. They shouldn’t question your planning and decisions. Remember, investors aren’t just not for finance.

Richard Branson also gives some success tips if you’re desperate to become an entrepreneur just like him. Here they are:

1. Motivate yourself all the time. There won’t be anyone else to motivate you on the path of entrepreneurship.
2. Always dream big. You cannot think of being a great entrepreneur if your thinking is narrow or you do not dare to dream big.
3. And, be proud of whatever you do. Enjoy your work to the fullest and success will be bound to follow you.