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
If you are seizing on a new business opportunity, deliberately move your customers' expectations up a few notches and consistently over-deliver on your promises - you will leave your competitors struggling to catch up.
Interpretation
Focus on exceeding customer expectations to outpace your competitors.
Richard Branson emphasizes the importance of raising customer expectations when pursuing new business opportunities. By consistently over-delivering on promises, a business can gain a competitive advantage, leaving rivals unable to keep up with your level of service and quality.
In practice
This quote could be used in a business presentation when discussing customer service strategies.
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.
Sometimes I worry about being a success in a mediocre world.
Winning is not about how many medals you get-it's about accomplishing goals and just being the best you can be!
A big market is something that doesn't really concern me too much. It's cool to think about, it's good for off-the-court deals. But I'm more of a basketball player. That's what I want to be known as. And this is the best place for me to play basketball. I'm glad I'm here.
The main purpose of production is to manufacture items of good quality for daily use in abundant supply, thereby enhancing and improving the life for everyone and it is this goal that I am dedicated.
There isn't a woman player in the world I can't give knights-odds to and still beat.
I discovered a long time ago that if I focus on doing the right thing for the long term to improve the lives of consumers and customers all over the world, the business results will come.
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