Learn to use your brain power. Critical thinking is the key to creative problem solving in business.
Richard BransonYou don't have to be one of the Elders. You don't have to be well known. You just have to be determined to care about people. That's all it takes.
Richard BransonWhen you are making a decision about how best to serve your customers, your own experience is often a better guide than a more sophisticated analysis of the market.
Richard BransonI was the kind of entrepreneur that never really felt I made it. When Mike Olefield's "Tubular Bells" [Virgin Records' first release] sold 8 or 10 million copies, I suppose, at age 19, I could've possibly retired on the money. Instead, I immediately pushed the boat and took that risk again.
Richard BransonIf 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.
Richard BransonBeing an entrepreneur simply means being someone who wants to make a difference to other people's lives.
Richard BransonCompanies need to have a lot more flexibility with their people... . If somebody wants to golf around the world for two months, okay, well, maybe on an unpaid basis, let them do it. That sort of flexibility I think is incredibly important because most of our time, we spend at work.
Richard BransonPeople do not mind people who try things and fail. If you're a good entrepreneur, you're not going to succeed in every single thing you try. You've got to try to succeed at more things than fail.
Richard BransonIf I'm setting up a new business I'll spend three or four months learning everything there is about that business, everything there is about that subject and then I will find good people to run it on a day-to-day basis, but whilst they're running it at least I know what they're talking about when they come back to me.
Richard BransonThe balloons only have one life and the only way of finding out whether they work is to attempt to fly around the world.
Richard BransonMeet regularly with your business team and brainstorm. Intricate business problems are mostly resolved at brainstorming sessions.
Richard BransonFrom the first days of my career as an entrepreneur, I have always used my own and my team's lack of experience to our advantage. In fact, at our first venture, Student magazine, we used our newcomer status to secure great interviews and generate publicity - people were excited about our new project and wanted to get involved. Our inexperience fed our restless enthusiasm for trying new things, which became part of our core mission.
Richard BransonMy philosophy is that if I have any money I invest it in new ventures and not have it sitting around.
Richard BransonIn the same way that I tend to make up my mind about people within thirty seconds of meeting them, I also make up my mind about whether a business proposal excites me within about thirty seconds of looking at it. I rely far more on gut instinct than researching huge amounts of statistics.
Richard BransonEverybody has a camera on their phone these days, everybody wants a selfie or a picture, and the moment one person starts taking a picture everybody congregates around so I've become quite a fast walker. I don't like saying, "No," to people but by walking fast one might be able to avoid the first photo.
Richard BransonI would not be able to change a sparking plug and I would not be able to fly a spaceship or build a rocket or whatever. But what I am good at doing is finding brilliant people and surrounding myself with brilliant people.
Richard BransonHappiness is the secret ingredient for successful businesses. If you have a happy company it will be invincible.
Richard BransonThe war on drugs has gone on for about forty-five, fifty years - and it's been a complete failure. If you had a business that was failing so badly, you would change course. And it's just incredible that governments continue along the same course.
Richard BransonThere are no quick wins in business - it takes years to become an overnight success.
Richard BransonAs a leader of people, you have to be a great listener, a great motivator, be very good at praising and bringing out the best in people.
Richard BransonIn the '80's my gut feeling was that airlines were crap. I hated spending time on planes. I thought we could create the kind of airline I'd like. So we got a secondhand 747 and gave it a go.
Richard BransonSurprisingly, a large number of people who fell out with their partners contacted us, saying that they would love to fly on a Virgle spaceship. But out of April Fools' jokes come real things, and I wouldn't be surprised, within the next 50 years, [if] there are one-way trips heading out into space with people on it. It would be very exciting.
Richard BransonThere are millions of people out there who would love to become astronauts, who'd love to go to space - they'd love to look back at this wonderful world from space. That will be the engine that will enable us then to develop spaceships to transport people around the world at tremendous speeds in an environmentally friendly way.
Richard BransonInnovation happens when people are given the freedom to ask questions and the resources and power to find the answers.
Richard BransonWhat matters is working with a few close friends, people you respect, knowing that if times did turn bad these people would hold together.
Richard BransonWe have the enormous opportunity in our hands to make a positive difference for business, people, and the planet.
Richard BransonI'm sure if Brawn GP keep plying me with champagne and putting gorgeous Virgin girls either side of me, you never know!
Richard BransonWhen people warn me against doing something once my mind is made up, I grow increasingly determined to try it.
Richard BransonWhen you are starting a business or going down any challenging endeavor, you are bound to encounter challenges. You are going to hit many roadblocks and obstacles. These are obstacles that would make any sane person want to throw in the towel and quit. If you want your business to succeed, you canโt do that (duh).
Richard BransonYou know I think if the people who work for a business are proud of the business they work for, they'll work that much harder, and therefore, I think turning your business into a real force for good is good business sense as well.
Richard BransonWhen we start a new venture, we base it on hard research and analysis. Typically, we review the industry and put ourselves in our customer's shoes to see what we could do better.
Richard BransonAnd obviously, from our own personal point of view, the principal challenge is a personal challenge.
Richard BransonMost of our businesses do succeed, but if something completely fails, then as long as we bow out gracefully and pay off all our debts, and nobody gets hurt, then I don't think people disrespect Virgin for trying. The public appreciates someone having a go; it appreciates the attempt. Who's been a success in life who hasn't failed?
Richard BransonI was dyslexic, I had no understanding of schoolwork whatsoever. I certainly would have failed IQ tests. And it was one of the reasons I left school when I was 15 years old. And if I - if I'm not interested in something, I don't grasp it.
Richard BransonBy working hard, by making the right moves, you can create your own luck, I think. But certainly luck plays a part.
Richard Branson