Learning from exceptional entrepreneurs like Sir Richard Branson and listening to their interviews is an amazing way to see how successful business people think and act.
Michael Noer from Forbes conducted an interview recently, asking Mr. Branson some interesting questions about his entrepreneurial mindset and overall business attitude. Here’s what the Founder of Virgin Group had to say…
Let’s dig deeper into this interview and have a look at the answers Sir Richard Branson gave.
1. What does it take to start a business? What does it take to start so many companies?
“Inquisitiveness…. I love learning.” – Richard Branson
Mr. Branson doesn’t see a business as such, he sees ‘situations’ as he calls them. Hereby he redirects his focus on how he can improve things that are done by other people. His favorite phrase is “screw it, let’s do it!” – a phrase he uses quite often. Essentially, it all comes down to shaking up industries and doing things better than they have been done before.
2. What’s the difference between creating a company from scratch and buying a company to run it better than before?
“99% of everything that Virgin has done, we built from scratch so we haven’t bought many companies”. – Richard Branson
The case of Virgin Money is different, as banks in Britain had problems at that time and expanding the portfolio came natural at that point in time.
Mr. Branson loves to start companies from scratch and literally shake up different sectors.
3. Are Governments in a better position to make a real effective change in the world?
If every business person in the world were to use some of their entrepreneurial skills and solve a major problem in their particular market, industry or niche we could get on top of most of the problems on this planet. The idea is not to replace the governments and the social sector but to work together.
4. What’s one risk that Sir Richard Branson will not take?
“I will take calculated risks.” – Richard Branson
Interesting answer from a successful person who has achieved more things in his life than a dozen of people even dare to dream about.
To sum the whole interview up:
We understand that Mr. Branson is a lifelong learner who takes calculated risks and loves to shake up industries in order to improve things and accomplish better results.
What else does it take to built an empire like the Virgin Group? What was your biggest take away from this interview with Sir Richard Branson?