Richard Brannon Entrepreneur

1570 Words 7 Pages
“The challenge is to follow through on a great idea. I think if you’ve got a great idea, you need to just give it a try, and if you fall flat on your face, pick yourself up and try again. Learn from your mistakes. And, remember, you’ve got to go make a real difference in people’s lives if you’re going to be successful.” This quote by Richard Branson represents his mindset towards his business ventures which have crafted his success as an entrepreneur. Richard Branson is one of the richest and most influential men in the world. Taking the business world by storm through numerous amounts of integration,mergers, and joint ventures. Richard Branson’s business techniques stuck out over his competition for the simple fact that his intentions had been genuine. Richard …show more content…
Branson uses key business skills to attain corporations and lead them to success. “ I immerse myself in getting the business set up and am very involved the first three or four months get good people to run it and give them a stake in the company and a lot of freedom and then set back and move on to the next.” Branson’s method of giving his top management small ownership in his company not only creates limited liability and reduces Branson 's risk, but also gives them a sense of accomplishment. Branson thinks motivating his workers in these type of ways has a positive impact on their performance. Branson describes this in this quote, “if you can motivate your people you can get through bad time and you can enjoy the good times together. If you fail to motivate your people your company is doomed not to perform well.” Richard Branson now has more than 100 Virgin companies worldwide, employing approximately 60,000 people in over 50 countries. Making him have a networth of 5.1 billion. Richard Branson has left his mark on British business, and since the 1980’s, with his spiraling number of mergers and joint ventures, has had a large hand in world economy as

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