What do you know about Richard Branson?

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.

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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.benson

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!

 

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It is probably unrealistic to assume that there could be something as an “Ideal entrepreneur“. Whenever we think of a perfect entrepreneur we tend to associate them with certain personality traits and qualifications. Most of these traits are actually inborn and rather hard to adopt. For example, an ideal entrepreneur should be an outgoing person who knows how to deal well with people, convince others of his/her ideas and knows how to build valuable networks. However, this couldn’t be any further from the truth!

Mark Zuckerburg, the founder of Facebook, could in fact be the best example to defy the assumption of entrepreneurs being outgoing, outspoken and social persons. Zuckerburg was an introvert who could not form any social relationships with his colleagues at Harvard University where he was studying. He created Facebook (Which is the largest SOCIAL network on the planet right now) to compensate for his inability to communicate directly with people. It was as simple as this: He found a PROBLEM (which was personal) and wanted to solve it through an INNOVATIVE IDEA.

When we tend to define an absolute “image” of how an entrepreneur should be, we could be doing more harm than good. This can be demotivating to many potential entrepreneurs who would think they are “incomplete” if they lack one or more of the so-called qualities of a perfect entrepreneur.

The thing is that the entrepreneur does not

It is probably unrealistic to assume that there could be something as an “Ideal entrepreneur“. Whenever we think of a perfect entrepreneur we tend to associate them with certain personality traits and qualifications. Most of these traits are actually inborn and rather hard to adopt. For example, an ideal entrepreneur should be an outgoing person who knows how to deal well with people, convince others of his/her ideas and knows how to build valuable networks. However, this couldn’t be any further from the truth!

Mark Zuckerburg, the founder of Facebook, could in fact be the best example to defy the assumption of entrepreneurs being outgoing, outspoken and social persons. Zuckerburg was an introvert who could not form any social relationships with his colleagues at Harvard University where he was studying. He created Facebook (Which is the largest SOCIAL network on the planet right now) to compensate for his inability to communicate directly with people. It was as simple as this: He found a PROBLEM (which was personal) and wanted to solve it through an INNOVATIVE IDEA.

When we tend to define an absolute “image” of how an entrepreneur should be, we could be doing more harm than good. This can be demotivating to many potential entrepreneurs who would think they are “incomplete” if they lack one or more of the so-called qualities of a perfect entrepreneur.

The thing is that the entrepreneur does not work alone. Actually, forming an “entrepreneurial team” could arguably be the best approach to successful business start-up. The idea of a team is to combine diverse resources that are all crucial to the success of the business such that the output product is greater than the mere sum of the parts combined.

Mark Zuckerburg knew what he had: a brilliant idea and the technical ability, and he also recognized that he lacked several other skills. That is why he decided to collaborate with his colleagues, namely Eduardo Saverin, Andrew McCollum, Dustin Moskovitz and Chris Hughes to form a well-integrated and resourceful team that could make his idea come true.

It started as a platform for Harvard students to communicate with one another, later expanded to include the Boston area and it is now spread all over the world with more than 1 billion users and total revenue of

work alone. Actually, forming an “entrepreneurial team” could arguably be the best approach to successful business start-up. The idea of a team is to combine diverse resources that are all crucial to the success of the business such that the output product is greater than the mere sum of the parts combined.

Mark Zuckerburg knew what he had: a brilliant idea and the technical ability, and he also recognized that he lacked several other skills. That is why he decided to collaborate with his colleagues, namely Eduardo Saverin, Andrew McCollum, Dustin Moskovitz and Chris Hughes to form a well-integrated and resourceful team that could make his idea come true.

It started as a platform for Harvard students to communicate with one another, later expanded to include the Boston area and it is now spread all over the world with more than 1 billion users and total revenue of US$7.87 billion in 2014.

Facebook Team