Billionaire Richard Branson’s Tips for Starting Your First Business

Richard-Bransons-tips-for-starting-your-first-business

Richard Branson is a business magnate who founded more than 400 companies, including the Virgin Atlantic airline, Virgin Mobile, Virgin America and Virgin Active, an international health club. He is an innovative and hardworking man who started his first business at the age of 16 and is still going strong with business ventures that keep on surprising, such as space tourism and island renting. He is a prolific author; his first book came out in 1998 and was called Losing My Virginity, his latest, Like a Virgin: Secrets They Won’t Tell You at Business School (2012). If you’re looking for tips about how to start your first business, then this is the man whose advice you want to follow. Let’s take a look at Richard Branson’s tips for starting your first business and earning top dollars without even knowing it.

Richard Branson wants you to have a view of the future

Having an idea for a new venture is right way to start a business, but what they don’t really teach you in college is where to start. Because of this, many persons feel lost and overwhelmed. Richard Branson believes that the first thing you will need to do after coming up with an idea about a business venture is to settle into a relaxing place and think about it in depth. Think about why you want to do it. Do you see yourself doing that for the rest of your life or is it something that you want to do just to get a few bucks together so that you can focus on something else? Envision the company, the people working there, your hours and your input in the company. Take notes and try to be as calm as you can about it, don’t get ahead of yourself. It’s just you in your favorite chair thinking about an idea you came up with – so just relax and let your mind carry the idea further.

Richard Branson says ask mom

Richard Branson is not only one of the most successful business people in the world, but he’s also a funny guy. When asked about what the next step after settling into your idea was, he said: the Mum Test. Now, we can’t really say if he’s pulling our leg, or if he’s genuine about it, but Richard Branson’s tips for starting your first business include asking your mother’s opinion on your idea for a business venture. He says it’s the best thing you can do. Even if your mother doesn’t know how businesses work, she will have your best interest at heart and will not shy away from telling to your face that your idea is horrible. If you see her get as excited as you are about the idea, then you might be on to something. Other persons you could ask for any thoughts are your close friends or brothers and sisters. Ask people who care about you and who aren’t afraid to tell you what they truly think. Those are the people you need in your life and business.

King of Richard Branson’s tips for starting your first business: Embrace failure

The last tip is all about taking risks, not being afraid of failure. You will know when you’ve done enough thinking and when it is time to put your idea in practice. Start small, test the market and embrace failure. Do not be afraid of it; do not let the idea of failure paralyze you, because if you do, you’re sabotaging your own business.

Of course, there is no guarantee that following these tips will get you filthy rich, but you can be sure of one thing: you will be one step closer to getting where you want with your business. What do you think about Richard Branson’s advice? Will it grow your business and help you earn what you deserve? Tell us your thoughts in the comment section below.

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