If you think that being an entrepreneur is a one-step straightforward process then you are definitely wrong! One of the most important qualities of an entrepreneur is perseverance, and this is for good reasons. Real entrepreneurs are not afraid of failure, because they consider every unsuccessful trial as a valuable experience that only brings them closer to their goals.
A very prominent example for a real entrepreneur is the British billionaire Richard Branson. Now the sixth richest man in the United Kingdom, Branson did not have a very streamline childhood as an entrepreneur. In fact, he had dyslexia when he was young and he was a poor performer at school. Still, Branson was continuously looking for opportunities to create new ventures and startups throughout his life since he founded his first magazine named “Student” and until now.
Branson’s parents were always supportive and encouraging of his entrepreneurial behavior. He opened his first record shop in Oxford Street in London in 1971; in 1984 he launched virgin Atlantic airlines. In 1987 he took Virgin records (which have expanded enormously since its foundation) to the United States. He also co-founded BSB (British satellite Broadcasting) which he later sold his shares in1988.
During the 1990s he continued to expand his “Virgin” businesses to include: Virgin books, Virgin Radio, Virgin Vodka and Cola, Virgin Financial services, V2 Music, Virgin Brides, Virgin Trains, virgin Cosmetics and Virgin Mobile. He later founded Virgin Airlines, Virgin Cars, Virgin Health and Virgin Health.
Some of his businesses failed and others succeeded. Maybe he was lucky to have had supportive parents during his early years that helped develop his entrepreneurial abilities and gave him self-confidence; however, many other people (especially professionals) often criticized his ideas and let him down.
Entrepreneurs usually notice opportunities in the market that other people often overlook or do not notice. That is why they can be criticized. The key factor is to believe in yourself and in your abilities and never give up or stop until you reach your goal.
Richard Branson is considered a serial entrepreneur and he will probably continue to amaze us with new business and creative enterprises as long as he is alive! We sure love Richard Branson but we also want other entrepreneurs like you!