When you talk about great entrepreneur stories, Richard Branson is always a fun story to include. Aside from being the successful CEO of Virgin Records, Branson is also famed for his wild and fun adventures. He craves for adventures as much as he craves for a new business. Unlike other serious businessmen, Branson is a free spirited individual and is able to effortlessly manage work and fun.
Richard Branson was born and raised in Surrey, England. He was the eldest among four siblings and was raised in a very traditional family. Unlike other entrepreneurs who excelled in school as a child, Branson was different. He struggled with his studies which was a result of his then undiagnosed dyslexia. To compensate for his trouble with his academics, Branson excelled in different kinds of sports. As a matter of fact, he was captain of his school’s cricket and soccer teams. Sports wasn’t his only interest, even at an early age he was already interested in all sorts of business. He already started little ventures such as growing Christmas trees and selling Australian parrots. Though both of these small ventures eventually failed, he knew in his heart that his calling was to become a great businessman someday.Because of his continuous struggle with academics, Branson dropped out of school at the age of 16. After he dropped out he went on to set up his very own magazine named Student. Student magazine was a national magazine that was made specifically to answer student’s needs; it was also run by students. The Student magazine was Branson’s first successful venture; he earned about $8,000 on the first edition alone. From then on, he knew that there was nowhere to go but up for him.After the success of Student magazine, Branson went on to discover the recording business.
He started a discount mail order record company that later went on to became one of the most successful record companies of all time, Virgin Records. After successfully selling mail order records, he opened his very own record shop down on Oxford street, London. As Virgin records continued to sell a lot of records, Branson built his own recording studio catering mostly for struggling artists he believed in. The very first successful release of Virgin Records was Mike Oldfield’s Tubular Bells which instantly became a hit all throughout England.
As he continued to succeed in business, Branson went on to try other ventures like books, software publishing, hotels, cinemas, travel, film, internet, video editing facilities, music retailing, and many more; founding about 100 companies in 23 different countries. Branson wasn’t always successful. In fact he was also known for making quite a few controversial decisions such as purchasing a gay nightclub and taking over a struggling airline company.
Richard Branson’s story is definitely unlike other entrepreneur stories. His story is full of ups and downs but what is admirable about him is the fact that he doesn’t allow his failures to define his life. Even after a couple of failures his drive to try something new is still as strong as ever.