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
When I started Virgin from a basement flat in West London, I did not set _x000D_ out to build a business empire. I set out to create something I enjoyed _x000D_ that would pay the bills.
Interpretation
The quote highlights the importance of passion over profit in entrepreneurial endeavors.
Richard Branson reflects on his journey of starting Virgin in a modest setting, emphasizing that his initial motivation was not to build a vast business empire, but to create something enjoyable that would meet his financial needs. This perspective reveals how starting from passion can lead to unforeseen success.
In practice
This quote could serve as motivation for aspiring entrepreneurs at a business seminar.
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.
All achievements, all earned riches, have their beginning in an idea.
Ex-D-boy, used to park my Beamer _x000D_ _x000D_ Now look at me, I can park in my own arena
Don't start a company unless it's an obsession and something you love. If you have an exit strategy, it's not an obsession.
The critics are always right. The only way you shut them up is by winning.
I found that the men and women who got to the top were those who did the jobs they had in hand, with everything they had of energy and enthusiasm and hard work.
There are two kinds of discontented in this world, the discontented that works and the discontented that wrings its hands. The first gets what it wants and the second loses what it has. There is no cure for the first but success and there is no cure at all for the second. The very worst of my vices and bad habits will abate of themselves if they are brought to an accounting every day.
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