Below are success tips from Richard Branson, considered to be one of the most remarkable, most visible and fun loving entrepreneurs of our times. These success tips are worth their value in gold, considering that Sir Richard Branson has used these ideas to build to build 8 billion dollar businesses, in different fields.
1. Start with a Bigger Objective
Starting a business just to make money is not going to get you to a lasting success. Huge success stories have been written by those who started with the objective of solving problems, those trying to make a difference in the life of people.
They never chased success and money; these benefits just followed them as they continued to focus on their larger objectives.
2. Believe in Your Idea
As rightly quoted by Branson, you can never succeed if you do not believe in yourself and your ideas. There is no way that you that would be able to sell your idea to anyone, in case you lacked 100% conviction in yourself and your ideas.
3. Take calculated Risks
Everyone who has succeeded in life has taken big risks. Branson advice entrepreneurs to take calculated risks and be totally aware of the consequences and how to mitigate them, in case things do not turn out as expected.
On the subject of risk taking, Branson quotes his favorite saying ‘The brave may not live forever—but the cautious do not live at all!”. He also adds that there is no such thing as a total failure, because you always learn from failure and get better.
4. Enjoy your Work
When you enjoy what you are doing it never really seems like work. Those who are successful often talk about how their work is pleasure to them and how they could keep working, even if they were not paid to do their work.
When work becomes a hobby, you will be able to work harder, smarter and improve your chances of being successful and rewarded for your excellent services.
5. Never Lose Focus on your goals
When you start succeeding there will always be people who may criticize you and try to create doubts in your mind. You must always remember that people are entitled to their opinions; your job is to keep doing what you believe in, and ultimately prove them wrong.
6. Never give up
It is really easy to give up, this typically happens when things start getting difficult and you begin to see both imaginary and real obstacles in your path. You begin to start doubting yourself, exactly at that point you will be tempted to give up, accept defeat and go back to the comfort of your ordinary existence.
There are countless stories of people who gave, right when they were just beginning to head in the right direction. They could have enjoyed success and rewards for their work with a little more effort.
Richard Branson is advising aspiring entrepreneurs to hang on, reminding that success and luck only comes to those who keep pushing, regardless of the difficulties and never ever give up their dreams.
7. There is always Room for Improvement
Those who create lasting success are never content with their creation and never sit on their laurels doing nothing. They always try to improve, refine their creations and make them better than ever before.
Richard Branson believes that no matter how brilliantly conceived something is, there is always room for improvement. He is also pointing to the dangers of believing that you have created something perfect and everlasting.
8. Under Promise and Over Deliver
This approach to business creates a lasting impact on customers who are surprised with what they are getting and will be dying to recommend their friends and relatives to your business.
9. Be a Leader Not a Boss.
The idea of being a leader rather than a Boss is big on Richard Branson’s list. He believes that by being a boss you is in-fact cutting down the flow of information from people who may have better ideas and opinions on how things can be done.
One of the key quality of a leader as per Branson is the ability to listen, and do so with an open mind. Another quality that a leader needs to have is the ability to praise people for good work and take care of how you react when you see someone making a mistake. Never critise openly and never lose your temper.
10. Look out for New Ideas
This is what keeps companies like Google growing. They are always on the lookout for new ideas, new ways of making a difference in people’s life.
The only thing which is constant in this universe is ‘change’, which means, what is working for you so well today may not do so in future. There is always a danger of being left out and becoming obsolete if you are not looking out for new ideas, improvisations and new ways of solving problems.
Richard Branson advice entrepreneurs to always keep an idea book by their side and keep jotting down ideas as they occur, spontaneously.
There are times when our brain goes into a creative mode and we come across brilliant ideas. You need to immediately write down these ideas or else 99% of the time these ideas get lost and never come back to you. Even if they did, you will never get the same clarity as it originally did.
Almost everyone can recall a dream, a fleeting thought that crossed our mind and we never really did anything about it, only to see the same idea getting big and being used by someone else. This will never happen if you cultivate the habit of keeping an idea book by your side.