Richard Branson is a successful entrepreneur who founded the Virgin Group. He dropped out of school at a young age due to dyslexia but went on to build 8 billion dollar companies in 8 different sectors. Some of the key lessons from Branson include challenging the status quo by changing norms in industries like air travel, believing passionately in your product or service as the customer would, creating businesses that add value to people's lives and supporting causes through philanthropic efforts, prioritizing employee happiness to drive customer satisfaction, and maintaining a sense of humor in business.

1. Source: trak.in
6 Things Every
Entrepreneur Can Learn
from Sir Richard Branson

2. Founder of the Virgin Group. Born
to working class parents. Has
dyslexia and dropped out of
school at age 15 due to poor
academics.
Only businessman to build 8
billion dollar companies in 8
different sectors
Sir Richard
Branson

3. Richard Branson changed the first
class system. He introduced
Premium Economy and Upper
Class that provides first-class
service at Business Class prices.
In Virgin Bank, the branches look
like living rooms with no queues
or teller windows and the
customer is instantly put at ease.
He says, behind every business,
there has to be the frustration of
the status quo!
Challenge the
Status Quo

4. Feel passionately about your product
before you launch it. Put yourself in
the shoes of your customer and ask
if you will be thrilled with the
product? If the answer is “Yes”, then
go with it!
He believes focus groups/surveys will
help you only so much, but what you
deeply and truly believe in will,
ultimately work
I Am the Market

5. He believes in creating
businesses that will add value to
the lives of people. He uses his
name and brand to fund
entrepreneurial programs
through Branson Centre for
Entrepreneurship, and support a
number of environmental causes
through Virgin Unite.
Create Value
and Give Back

6. His best advice comes from Sir
Freddie Laker: “Make sure you
appear on the front pages and not
the back pages. Get out there and
sell yourself. Make a fool of yourself,
whatever it takes. Otherwise you
won’t survive.”
He spends a quarter of his time
working on the marketing and
publicity stunts.
Sir Richard’s PR stunts have earned
him the nickname: ‘The King of PR
Stunts’!
Stand Out and Be
Counted

7. He believes happy customer can
come only from happy employees.
Virgin airlines employees learn
intricacies of body language and
hone their salsa skills, learn to
change tires in a race car pit, and
prepare their own lunches in a
refreshing team building exercise.
He believes in hiring the best people
to do the job so that
the company runs smoothly even in
his absence.
Employee First,
Customer Second,
Shareholder Third

8. Humour, according to Branson, is a
huge part of building a business.
Making a joke of yourself now and
then can keep you grounded and
makes it easy for you to face and
digest failures.
Branson also says that fun is an
underrated ingredient and that if you
are not having fun doing it, stop and
do something else. Why do it if you
don’t enjoy it?
Don’t Take Yourself
Seriously. Have
Fun!