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Virgin Boss, Richard Branson Reveals 15 Secrets to Success.
ACCORDING to information scooped from an online magazine – FORTUNE, Richard Branson is one of the most recognizable and accomplished entrepreneurs in the world. The Virgin Group founder has managed multiple companies and built a fortune of $5 billion, according to Forbes. What’s even more remarkable is that the 66-year-old magnate was a high school dropout.
Although there is no one secret to business success, following the strategies of the world’s most successful people can help you get ahead. Here are 15 of the best Richard Branson tips to build a great business and life.
1. Dare to be brave
In his book, “Like a Virgin: Secrets They Won’t Teach You at Business School,” Richard Branson wrote, “The brave may not live forever — But the cautious do not live at all.”
It takes bravery to reach for your dreams, as doing so involves a certain degree of risk. However, Branson reminds entrepreneurs that a bumpy journey is worthwhile if you’re headed to a desirable destination. He suggests that aspiring business professionals demonstrate courage in pursuit of their goals.
2. Be an individual
The Virgin Group founder wrote on his blog, “No two successful entrepreneurs are the same. In fact, it’s their individuality and different ways of thinking that make them successful.”
Study the habits of billionaires like Branson, and you’ll quickly see that these successful people approach business and problem solving in numerous ways — never afraid to go against the grain. Still, you can learn from the traits of those who came before.
Branson says that successful entrepreneurs take deliberate risks, learn from their missteps, see the big picture, know when to delegate and communicate well with those around them.
3. Be punctual
If you’ve seen the occasional photo of Branson jumping out of a car or running to get to his next appointment, it’s probably because the billionaire hates being late. He think it’s rude and disrespectful, no matter your station in life.
As Branson wrote on his blog, “Whether it is a meeting, a flight, an appointment or a date, it’s important to ensure you are there when you say you will be there. This may feel like an old-fashioned tip to give, but it has served me well for five decades in business. All you have in business is your reputation — so it’s very important that you keep your word.”
Show up to meetings on time and show your co-workers and clients they can trust you with matters both small and large.
4. Be a hustler
Top business leaders know that few things in life come free. Whether you want to start your own company or take your business to the next level, it’s important not to rely on handouts. Instead of sitting idly by waiting for their big breaks, savvy entrepreneurs are proactive and seize opportunities.
In his book “Losing My Virginity: How I’ve Survived, Had Fun and Made a Fortune Doing Business My Way,” Branson said, “To be successful, you have to be out there, you have to hit the ground running.”
5. Don’t try to be something you’re not
You shouldn’t have to sacrifice your beliefs and lose who you are to achieve success in life.
Said Branson, “To me, business isn’t about wearing suits or pleasing stockholders. It’s about being true to yourself, your ideas and focusing on the essentials.”
After all, it doesn’t matter how successful you are in business if you don’t have the life that you want. By focusing on your goals and staying true to your core beliefs, you can accomplish what you desire without losing yourself along the way.
6. Don’t fall victim to “necessary evils”
As an aspiring entrepreneur, you might assume that succeeding in business means doing things you’re not proud of on occasion. However, Branson doesn’t believe in necessary evils.
“Most ‘necessary evils’ are far more evil than necessary,” said Branson in his book, “Losing My Virginity.”
While an action might seem to benefit your business in the short term, in the long run it could affect your company’s reputation and your relationships with peers and customers. For best results, think long term and avoid doing something today that you’ll be ashamed of tomorrow.
7. Dream big
Achieving greatness means focusing on change and innovation. To that end, Branson encourages entrepreneurs to follow their dreams, no matter how crazy they might seem to others.
Branson wrote in his blog, “Don’t be self-conscious about dreaming, or about people thinking you’re too idealistic and not serious enough. Don’t allow your self talk to be judgmental. Look at the world with wide-eyed enthusiasm, believe you are more powerful than the problems that confront you and dream big.”
Naysayers might criticize you for dreaming large, but you’ll be the one laughing when your dreams become realities.
8. Give back
It can be difficult to sustain success if your sole concern is cash.
Said Branson in a Virgin.com article, “The brands that will thrive in the coming years are the ones that have a purpose beyond profit.”
Think about how you and your company can make a difference in the lives of customers and co-workers. You don’t have to be worth billions to give back, either. A simple act of kindness can boost your reputation while bringing rewards beyond the financial.
9. Be a good listener
You can’t be a good problem solver without being a good listener.
Said Branson, “To launch a business means successfully solving problems. Solving problems means listening.”
A recent Harvard Business Review study confirms that listening well means being active in the conversation. In fact, the best listeners are those who ask follow-up questions that offer insight or promote discovery. Be curious and open-minded, and you might just find your next adventure.
10. Be willing to fall
Learn from your failures, and you’ll gain the aptitude to succeed.
As Branson wrote in his book, “Business Stripped Bare: Adventures of a Global Entrepreneur,” “You learn by doing and by falling over, and it’s because you fall over that you learn to save yourself from falling over.” Branson and his colleagues were newcomers to the business world when they created Virgin — hence the name. They did things their way rather than following a rulebook. And like any new business, there were a few stumbles along the way. According to Branson, those mistakes helped the company grow into what it is today.
11. Share the spotlight
In the business world, achieving success often means finding individuals who are just as passionate as you about achieving your goals.
“I’ve never been the best person at doing every job,” Branson said in a blog post. “Finding the spotlight isn’t about standing in it. There’s so much to be gained from working with people who support each other to achieve great things.”
Don’t be afraid to share your vision with others or ask for help when you need it. The right people can help you achieve more than you would have alone.
12. Learn to say yes
Branson’s staff gave him the nickname “Dr. Yes” for his openness to new ideas.
In his book, “Screw It, Let’s Do It,” he wrote, “If something is a good idea, my way is to say ‘Yes, I’ll consider it’ — and then to work out how to make it happen. Of course, I don’t say yes to everything. But what is worse: making the occasional mistake or having a closed mind and missing opportunities?”
Be an opportunist rather than a naysayer and boost your odds of bringing great ideas to fruition.
13. Be happy
Success means different things to different people. While some entrepreneurs focus only on building their fortunes, Branson recommends focusing on happiness as well.
“It’s a common misconception that money is every entrepreneur’s metric for success,” he wrote on his LinkedIn blog. “It’s not, and nor should it be.”
The real key to success is happiness. Rather than his monetary success bringing him happiness in life, Branson says that his happiness has enabled him to achieve great success and wealth.
Stop and ask yourself if you’re happy. If not, find that happiness.
14. Take care of yourself
Taking care of yourself could save you from career burnout, says Branson.
The Virgin Group entrepreneur wrote on his LinkedIn blog, “When I’m asked: ‘What’s the key to success in business?’ my answer can differ depending on the subject at hand — delegation, people, learning from failure, etc. — but when it comes down to it, the key is you. The simple fact is, if you don’t take care of yourself, you won’t be able to take care of business.”
Branson exercises every day, no matter where he is or what he’s doing.
“A healthy body equals a healthy mind, and a healthy mind takes care of business,” he said.
15. Find what excites you
Business leaders often stress the need to achieve a positive work-life balance. However, for Branson, work and play don’t have to be at odds with each other.
He wrote on his LinkedIn blog, “If a new business opportunity or project doesn’t excite me, and if it’s not something with which I can have a lot of seriously creative fun, then I’d rather pass on it and move right along. Life’s too short to waste your time doing things that don’t light your fire.”
If you don’t have passion for what you’re doing, consider directing your attention and energy elsewhere.
This article originally appeared on GoBankingRates.com
News
Two-Thirds of Nigerians Can’t Afford Healthy Meals — NBS
A recent survey by the National Bureau of Statistics (NBS) has highlighted the severe economic challenges faced by Nigerian households, revealing that two-thirds of the population struggle to afford healthy and nutritious meals. The survey, titled Nigeria General Household Survey – Panel (GHS-Panel) Wave 5 (2023/2024), underscores the worsening multidimensional poverty and the erosion of purchasing power due to the persistent rise in the cost of goods and services.
The report shows that approximately 63.8% of households have been forced to eat only a few kinds of food due to financial constraints. About 62.4% of respondents admitted worrying about food insufficiency, while 60.5% ate less than they thought they should. The situation has deteriorated significantly since the last survey, as the proportion of households expressing food insecurity concerns rose from 36.9% in the previous wave to 62.4% in the current one.
Power Outages and Access to Energy
The survey also sheds light on the nation’s energy crisis, revealing that Nigerian households experience an average of 6.7 power blackouts per week. While 82.2% of urban households have access to electricity, the figure drops to 40.4% in rural areas.
Cooking remains predominantly dependent on traditional methods, with 65% of households using three-stone stoves and 70.2% relying on firewood. However, the use of liquefied petroleum gas (LPG) is reportedly increasing.
Sanitation and Asset Ownership
In terms of sanitation, the report highlights that many households still lack basic toilet facilities, relying on bushes or streets for waste disposal. Access to clean drinking water is often through tube wells or boreholes, reflecting a lack of formal infrastructure in many areas.
On asset ownership, the survey indicates a decline since 2018/19. While two-thirds of households own mobile phones, only 21.3% have internet access. Housing ownership remains significant, with 70.4% of households owning their homes—80.1% in rural areas compared to 49.1% in urban centers.
The NBS report provides a stark reminder of the challenges many Nigerians face daily, from food insecurity and power outages to inadequate sanitation and declining asset ownership. It calls for urgent policy interventions to address these critical issues and improve the living standards of the population.
News
Ford Trims Workforce: 4,000 Jobs to Go in Europe
US car giant Ford on Wednesday announced 4,000 more job cuts in Europe, mostly in Germany and Britain, in the latest blow to the continent’s beleaguered car industry.
“The company has incurred significant losses in recent years,” Ford said in a statement, blaming “the industry shift to electrified vehicles and new competition”.
The move will affect 2,900 jobs in Germany, 800 in the UK and 300 in western Europe by the end of 2027, a Ford spokesman told AFP.
“It is critical to take difficult but decisive action to ensure Ford’s future competitiveness in Europe,” said Dave Johnston, Ford’s European vice-president in the statement.
The company also said it was adjusting the production of its Explorer and Capri models, resulting in reduced hours at its Cologne plant in the first quarter of 2025.
Europe’s car industry has been plunged into crisis by high manufacturing costs, a stuttering switch to electric vehicles and increased competition in key market China.
Germany’s Volkswagen has been among those hardest hit, announcing in September that it was considering the unprecedented move of closing some factories in Germany.
“The European automotive industry is in a very demanding and serious situation,” Volkswagen CEO Oliver Blume said at the time.
Ford had already announced in February 2023 that it was planning to cut 3,800 jobs in Europe, including 2,300 in Germany and 1,300 in Britain.
The company said then it was planning to reduce the number of models developed for Europe, concentrate on the profitable van segment and speed up the transition to electric vehicles.
Ford currently has around 28,000 employees in Europe with 15,000 in Germany, according to the company’s works council.
News
Tinubu Dissolves UNIZIK Council, Sacks VC, Registrar, Otukpo Pro-Chancellor
President Bola Tinubu has approved the dissolution of the Governing Council of Nnamdi Azikiwe University (UNIZIK), Awka, Anambra State, and the removal of the institution’s Vice-Chancellor, Prof. Bernard Ifeanyi Odoh, and Registrar, Mrs. Rosemary Ifoema Nwokike.
The council, chaired by Ambassador Greg Ozumba Mbadiwe, comprised five other members: Hafiz Oladejo, Augustine Onyedebelu, Engr. Amioleran Osahon, and Rtd. Gen. Funsho Oyeneyin.
A statement released on Wednesday by presidential spokesperson, Bayo Onanuga, revealed that the council was dissolved following reports of procedural violations in appointing the vice-chancellor.
According to the statement, the council had allegedly appointed an unqualified candidate, disregarding due process, which triggered tensions between the university’s Senate and the council.
The Federal Government expressed dismay over the council’s actions, emphasizing the need for adherence to the university’s governing laws in decision-making.
“The council’s disregard for established rules necessitated the government’s intervention to restore order to the 33-year-old institution,” the statement noted.
In a related development, President Tinubu also approved the dismissal of Engr. Ohieku Muhammed Salami, the Pro-Chancellor and Chairman of the Governing Council of the Federal University of Health Sciences, Otukpo, Benue State.
Salami was accused of suspending the university’s Vice-Chancellor without following the prescribed procedures, a move the Federal Ministry of Education had previously directed him to reverse.
Despite the Ministry’s directives, Salami reportedly refused to comply and resorted to issuing threats and abusive remarks towards the Ministry’s officials, including the Permanent Secretary.
The Federal Government reiterated that the primary role of university councils is to ensure the smooth operation of academic activities, strictly adhering to the laws establishing each institution.
Tinubu warned university councils against engaging in actions that could destabilize their institutions, as his administration remains committed to enhancing the nation’s education system.
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