Treat failure as a lesson on how not to approach achieving a goal, and then use that learning to improve your chances of success when you try again. Failure is only the end if you decide to stop.
Richard BransonRead
Don't hesitate to seek external help or advice where need be. Sometimes, it takes an external, emotionally unattached individual to detect your business flaws and render unbiased advice.
Interpretation
What this quote means
Seeking help from others can provide unbiased insights into your business challenges.
This quote emphasizes the importance of seeking external assistance or advice when running a business. Richard Branson highlights that an emotionally unattached perspective can often identify flaws that those deeply involved may overlook, leading to more effective solutions and improvements.
Themes
BusinessAdviceHelpExternalInsightFlaws
In practice
Example use cases
In a business meeting focused on strategic planning, you might quote this to encourage team members to seek external consultants.
More from Richard Branson
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Values cannot be speedily forgotten if it is inconvenient or commercially expedient. Values have to have meaning and longevity; otherwise they are valueless. You cannot embrace innovation up to a point or only sometimes. Branding demands commitment; commitment to continual re-invention; striking cords with people to stir their emotions; and commitment to imagination. It is easy to be cynical about such things, much harder to be successful.
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Please donβt get hung up on this question of whether you need to have experience in an industry before you launch your startup.
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What's the most critical factor in any business decision you'll ever have to make? Basically, it boils down to this question: If this all crashes, will it bring the whole house tumbling down like a pack of cards? One business matra remains embedded in my brain - protect the downside.
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