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
There is no point in starting your own business unless you do it out of a sense of frustration.
Interpretation
What this quote means
Starting a business requires a deep motivation often driven by frustration.
Richard Branson emphasizes that the impetus for starting a business should stem from a genuine sense of frustration rather than mere ambition or the desire for wealth. This frustration can fuel passion and drive, helping entrepreneurs to address unmet needs or improve existing solutions, leading to a meaningful and impactful business venture.
Themes
BusinessFrustrationEntrepreneurshipMotivationSuccess
In practice
Example use cases
In an entrepreneurial workshop, to inspire attendees to embrace challenges.
More from Richard Branson
All quotes βIt's a common misconception that money is every entrepreneur's metric for success. It's not, and nor should it be.
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Some 80% of your life is spent working. You want to have fun at home; why shouldn't you have fun at work?
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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.
Richard BransonRead
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