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
The idea that business is strictly a numbers affair has always struck me as preposterous. For one thing, I've never been particularly good at numbers, but I think I've done a reasonable job with feelings. And I'm convinced that it is feelings - and feelings alone - that account for the success of the Virgin brand in all of its myriad forms.
Interpretation
Business success is driven by emotions and feelings rather than just numerical data.
In this quote, Richard Branson emphasizes the importance of emotional intelligence in business, arguing that success is not solely based on numerical performance but also on the feelings and connections that drive a brand. He suggests that understanding and valuing emotions can lead to better outcomes, highlighting that the Virgin brand flourished not just through numbers but through the feelings it evoked in people.
In practice
In a business seminar to highlight the importance of emotional connections in branding.
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.
It's a common misconception that money is every entrepreneur's metric for success. It's not, and nor should it be.
Some 80% of your life is spent working. You want to have fun at home; why shouldn't you have fun at work?
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.
Please don’t get hung up on this question of whether you need to have experience in an industry before you launch your startup.
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.
Quit being 'busy' and start actively owning and operating your company, and you'll be able to understand where the money is coming from and how to make more of it.
Know your numbers' is a fundamental precept of business.
The business world worships mediocrity. Officially we revere free enterprise, initiative and individuality. Unofficially we fear it.
If the value of a company doesn't just scream out at you, it's too close.
The greatest change in corporate culture - and the way business is being conducted - may be the accelerated growth of relationships based... on partnership.
I'd rather Apple cannibalize Apple than somebody else cannibalize Apple.
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