Tag Archives: Entrepreneur

Advice for Entrepreneurs from Richard Branson

16 Jan

Since Branson founded Virgin in 1970, the company has grown from a small record outlet to a global powerhouse. Can the brand continue its success without him?

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Have An ‘Unemotional Relationship With Failure’ And You’ll Succeed

18 Aug

Today’s advice comes from James Marshall Reilly’s article at Entrepreneur:

“Successful people will tell you they have failed. That, in fact, they have failed many times. The difference, I noticed, between these high achievers and the rest of us is that even though we all may reflexively regurgitate the same cliches about failing and the values of lessons learned, successful people actually believe in them in a substantially deeper manner.”

Reilly is the author of Shake the World: It’s Not About Finding a Job, It’s About Creating a Life, a book on how to break the corporate mold utilizing advice from the biggest business and nonprofit leaders.

Just as past victories don’t ensure future success, past failures also don’t ensure future downfalls. It is crucial for those who fail to maximize those shortcomings into lessons that can benefit your company further down the line. Each mistake you make increases the chances of making the right decision the next time around.

“An unemotional relationship with failure is a contributing factor to why some people succeed.”

Sell out, without selling out!

11 Aug

Today’s advice comes from skateboarder Tony Hawk in his interview with Entrepreneur.com:

“People don’t call you a sellout until your stuff finally sells.”

When Hawk, a professional skateboarder, gained attention for his video game, others in his industry began to suspect that he had become a “sellout.”

He says that, instantly, there was a backlash and it was because he was gaining too much popularity and getting successful for someone who’s just “a skateboarder.”

But Hawk says you can’t worry about things like that. You have to do what you believe in, and if people think you’ve become a sellout, it’s because you’re now someone they’ve heard of.

“Skaters are very finicky about anything where skating is maybe taken outside of the core industry and taken elsewhere. I feel good about how I represent skating and I just keep going.”

The Difference Between An Idea And An Opportunity

12 Jul

Today’s advice comes from Tim Westergren, founder of Pandora, via Fast Company:

“The difference between an idea and an opportunity is what really defines entrepreneurship. I think entrepreneurs are people who are gamed to jump in and see if there’s a connection, if an idea is indeed an opportunity.”

According to Westergren, an opportunity is the result of a good idea and entrepreneurs that go after ideas they strongly believe in are likely to create their own opportunities.

The difference between opportunity and an idea is execution and action; you merely think of ideas, but you take opportunities. Understanding the difference is vital for success, in business and in life.

“It’s also true that some of the greatest opportunities were ideas that at the time didn’t really seem like good ideas. And I think entrepreneurs are the folks who are willing to take a chance and find out.”

Entrepreneur? Get Sales experience.

10 Apr

It doesn’t matter what industry you’re in. This is the one thing all successful people know how to do well.


“If you think of “selling” as explaining the logic and benefits of a decision, then everyone—business owner or not—needs sales skills: To convince others an idea makes sense, to show bosses or investors how a project or business will generate a return, to help employees understand the benefits of a new process, etc.”

In reality, being an entrepreneur is like being a full-time salesperson. But instead of simply selling a product or idea you’re selling your business as a whole.

That’s why Haden says that more than 20 business owners and CEOs told him that sales skills are one of the most invaluable skills you can gain if you want to succeed in the business world.

  • You’ll learn to negotiate.

  • You’ll learn to close.

  • You’ll learn persistence.

  • You’ll learn self-discipline.

  • You’ll gain self-confidence.

“So if you’re a would-be entrepreneur, set aside your business plan and work in sales for a year or two,” he said. “If you’re a struggling entrepreneur, take a part-time sales job. Part of the reason you’re struggling is likely due to poor sales skills.”

Today’s advice comes from Jeff Haden’s column at Inc.

Sir Richard Branson’s 10 life lessons

1 Dec

Sir Richard Branson is a British Industrialist, best known for founding Virgin group, which now spans over 400 companies. He is considered to be the 212th richest person on earth with a net worth of approximately $4 Billion U.S. As well as immense business success, Branson has personally broken a number of world records for high-speed boat and balloon journeys. Branson was knighted in 1999 for “services to entrepreneurship” and presented as a millennium icon.  A few of his newest ventures include Virgin Galactic, Virgin Luxury Hotels, and the first ever subsciption based iPad magazine, Project. Below is a short list of ten life lessons by this iconic entrepreneur.

1. “Ridiculous yachts and private planes and big limousines won’t make people enjoy life more.”

2. “I enjoy every single minute of my life.”

3. “But the majority of things that one could get stressed about, they’re not worth getting stressed about.”

4. “You can’t be a good leader unless you generally like people. That is how you bring out the best in them.”

5. “There is no one to follow, there is nothing to copy.”

6. “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.”

7. “I never had any intention of being an entrepreneur.”

8. “I made and learned from lots of mistakes.”

9. “If you can indulge in your passion, life will be far more interesting than if you’re just working.”

10. “Right now I’m just delighted to be alive and to have had a nice long bath.

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Is education the key to success?

7 Sep

Sir Richard Branson answers questions by Felipe Herriges of  Brazil….

“A diploma can be very useful, since it shows that you have gained the skills and other building blocks required to start your career. But obtaining a diploma is only a first step, and in no way guarantees success. You’ll need a great work ethic and determination to make it—both in business and life. You also need your fair share of good luck. I would advise tackling your studies with a positive attitude—try to enjoy your time at university. Try a few new things while you are there, and maybe even start a business, if this is where your interests lie.”

http://www.livemint.com/2010/08/30222555/Is-education-the-key-to-succes.html

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