Richard Branson- The Businessman with a Difference

Richard Branson- The Businessman with a Difference

Richard Branson was born on 18 July 1950, in Surrey (England). He was a struggler in school and finally dropped-out at age 16. It was this decision that would eventually result in the creation of his brain-child, Virgin Records.

 

His entrepreneurial ventures began in the music industry & steadily expanded into a number of other sectors and turned Branson into a billionaire. The Virgin Group of companies holds in excess of 200 companies, including space-tourism company- Virgin Galactic. Richard Branson is also well-known for his sporting achievements and adventurous spirit including crossing the seas in a hot-air balloon.

 

The Early Years

 

Richard Charles Nicholas Branson’s father- Edward James Branson was a barrister and Eve Branson, his mother was a flight attendant. Richard struggled with dyslexia and had difficulty with academics. He was a failure at school and he attended Scaitcliffe School, only till the age of 13. From there, he transferred to Stowe School, which was a boarding school located in Stowe, Buckinghamshire, England.

 

He didn’t fare any better here and eventually at the age of 16, he dropped out of that school as well. Soon after, he started Student, a youth culture magazine. Launched in 1966, this publication was run by students, for the students- In its very 1st edition, it sold advertising worth $8,000. The first-run of 50,000 copies was then distributed at no cost as Branson had covered all the costs via advertising alone.

 

Making Money with Music

 

By 1969, Richard started residing in a commune in London and was surrounded by the British drug & music scene. It was at this point of time that the germ of an idea of starting a main-order record company took birth. This company which he named Virgin has started to fund his existing magazine efforts. Though the company’s performance was modest, the profits were more than enough for him to spread his wings and very soon, he added a record store in Oxford Street in London. This venture was a success and in 1972, the high school drop-out built a recording studio in Oxfordshire in England.

 

Virgin Records

 

In 1973, with help from Branson’s team, Mike Oldfield recorded "Tubular Bells" on the Virgin Records label. This song became an instant hit and continued to top the UK-charts for 247 weeks. Riding on the success of this launch, Branson went on to signing Sex Pistols, Culture Club, Rolling Stones & Genesis; very soon, Virgin Music became one of the world’s top 6 record companies.

 

In Expansion Mode

 

But Branson was unstoppable. He stepped a rung higher on the entrepreneurial ladder and in 1980 included Voyager Group the travel company and Virgin Atlantic, the airline in 1984. In its wake were launched an impressive series of megastores. But somewhere along the way, his fortunes started flailing and in 1992, Branson sold Virgin for an amount of $1B, to THORN EMI.

 

The Survivor-The Fighter-The Winner

 

Richard was devastated by the loss but was a survivor at heart. He forged ahead, rose through the ashes and founded Virgin Radio in 1993. In 1993 he started V2, another record company. Today, Branson’s business includes a luxury game preserve, a game company, the Virgin Galactic (the space-tourism company) & a mobile phone company. Currently, Virgin Galactic is developing a sub-orbital spaceplane and they test launched SpaceShipTwo in April 2013.

 

In 1999, Branson was knighted for his contribution to entrepreneurship, and he also held No 261 position Forbes'- "World Billionaires". At that point of time he had a personal worth of $2.5B, which included 2 private islands. Richard Branson is a living example of how a person who is unconventionally “smart”, determined and self-driven can reach the pinnacle of success.

   

About the Author

 

Ben Fewtrell is a sought-after Business Coach, Keynote Speaker and trainer who has featured in Virgin’s Inflight Magazine and Entertainment Portal, SKY Business and “Secrets of Top Business Builders Exposed”. He is also the host of the popular Business Brain Food Podcast where he interviews leading experts on anything and everything business.

1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

Leave a Reply

Your email address will not be published. Required fields are marked *

Top Rated Articles

How your company can adapt to the Digital Revolution

Over the last couple of years, technological innovation has brought about a rapid change in the customer service landsca

LEARN MORE

Will Marketing Automation Help Your Business Grow?

Marketing automation software can benefit your business in a number of ways. It is a great way to increase traffic, enco

LEARN MORE

How CRM Can Maximize Customer Lifetime Value (CLV)

"Keep your customers always on the frontline," this is a key philosophy to running a successful business. Customers are

LEARN MORE

Recently Viewed

Why Creating a Roadmap is Crucial to Business Success

When starting up your own business, one of the best pieces of advice I can give you is to create a business plan. Most b

LEARN MORE

Why It's Important To Focus On The Financial Aspect of Your Business

It's not uncommon to hear people say - "I'm not really good with money". If you have been that person and used this expr

LEARN MORE

How I changed my Facebook Business Page Name

I started a Facebook page for my business many years ago. I had spent thousands of dollars running ad campaigns and gain

LEARN MORE
  • Over the past 6 months the incredible team at MMP have supported us to shift our attitude towards our business & month on month our revenue is increasing to the point we will be able to employ additional staff to support our business goals long into the future. Do not regret our decision one single bit!

    • Emma Reece

  • Working with my coach has enabled me to see the areas where my business is failing. This was pretty confronting to me to be honest. MMP has the tools to improve these areas and the guidance on how to implement them.

    • Sharon Robinson

  • I have been working with Max My Profit for approx 3 years now, and over that time I have learnt a lot of things about not only what it takes to run a business, but I have also learnt things about myself. I don't believe i'd be the person or have the business I have today if it wasn't for Max My Profit and our Business Excelerator. Great team to work with if you want to take your business serious!

    • Ben Choy

  • As a new client for Max My Profit (MMP) it has taken no time at all to realise the benefits of business coaching. Despite many years of senior management experience starting a new business requires best practice systems and processes built on a solid platform of detailed planning. I look forward to the benefits of adopting the formula being shared by MMP.

    • Campbell MacLeod

  • Max My Profit Are truly awesome at what they do. They have helped me over the past 12 months to get off the tools in my business and start working on my business. I am looking forward to 2019 with enthusiasm not concern. Thanks so much.

    • Aaron Kemp

  • If you are committed to Growth the Max My Profit Team has the tools and expertise to excelerate all areas of your life. They Care, They Listen, They Understand You as an Individual first then they focus on Your business. Thank you Max My Profit my rating is a 6/5 - Kindest Regards The Mr Handyfix Team

    • Catherine Kavadas

  • The team at Max My Profit are an absolute pleasure to deal with. I love working with a team who is on top of what they are doing and have a clear view of what they are working on with you and helping ensure you get to the end goal.

    • Lauren Watts

  • I have been working with MaxMyProfit over the years and what they do for SME's in growing their business is fantastic. Also due to there knowledge and their supporting material for companies across the 5 lifestyle stages and assisting them through this process day in day out is extremely comforting as a small business owner and have referred them many businesses over the years.

    • Steve Laingy

  • Working with a business coach from MaxMyProfit has been one of the best things I have done for my business. I had several other coaches before MaxMyProfit but these guys are a step above the others. I have seen a significant increase in sales, now have a business that can run itself and the coaching program has paid for itself many times over.

    • Matthew Kitchin

  • Much more than just business coaches. There is an absolute treasure chest of business knowledge in their members site.

    • Iain Campbell

  • Max My Profit are unique as they really partner with you to develop and implement a plan that will drive success for the business. I was hesitant to proceed as previous business coaches tell you what to do and rely on you to implement.

    • Michael de Haan

  • I attended one of Max My Profits introductory events in Melbourne. Having been an accountant for almost 30 years, I was somewhat sceptical. Boy was I wrong. I not only enjoyed the presentation, but I gleaned so much from just that session.

    • Daniel Odd

  • These guys are an absolute wealth of knowledge for Small Business. The programme and support networks they have set up ensure learn more every day and can take your business from good to great. Thanks so much.

    • John Butler