Tips to Budding Entrepreneurs from Richard Branson

Do you want to understand what entrepreneurship is? Well, the simple homework is to study great business figures like Richard Branson, Bill Gates, and so on. As most of the successful business tycoons started working at an early age, this ‘age’ factor always tempted them to make many mistakes and in return they learnt how to correct them.

Becoming a successful entrepreneur is always a tempting proposition. Well, Richard Branson, the founder of Virgin Atlantic, professes that 80 percent of our waking lives is spent at work. Therefore, the question is ‘do we love what we want to do’ or are there some other distractions. According to him, to become an entrepreneur at an early age means withstanding distractions and mood swings. If one fails, everything plummets.

The power to realize whether one is into wrong line or right, is instantly important. What’s so common with young entrepreneurs: they do look at the world with fresh outlook and mix up stubbornness with vivacious determination. Many think, contrary to sports and films, business is not for young people. That’s why they take young businessmen for granted. And those who survive the storm of avocations emerge out as clear winners and play the tune of inspiration for others.

Richard recollects that during his school days he wasn’t interested in Maths and Science; instead his mind would flicker around pop culture, war news and current lifestyles. Moreover, due to dyslexia, he left his school 16, also to start something of his own. When he started a magazine, he fairly played in all roles. But it was short lived, after much struggle he realized that one cannot do many things as one-man to run business smoothly. So, his best advice is to sit down alone and jot down what all things you can do – that you like as well. Doing what you love is rewarding than adding burdens to your shoulders for becoming a successful entrepreneur.

When you do things for which you’re passionate, you stay relaxed during stressful times and the focus on business increases eventually. It is a tested testimony. And those who get easily distracted by seeing ads and meeting people, for them the evergreen advice is to carry a notebook or dairy and keep noting things. Keeping oneself updated is good and leads to productivity and diminishes procrastination.

The golden tip to test your work interest is to note your procrastination swings. If one often gets procrastinations, then there is something wrong with the selection of work – could be possible you are doing things in which you have relatively zero interest. Sometimes, the urge to make quick money also set people on wrong routes, which they repent reaching midway. Coming back from midway is a semi-wise decision, the only glitch is that the time wasted cannot be earned back. Following yourself is the only vital key to advance positively in life, and from other’s stories and achievements we can only seek inspiration, tracing them is a mistake bigger than sins.   

To become an entrepreneur is easy but completing the whole journey and passing that business to next generation is the thing to watch. Remember, success lies in transformation.

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