Friday, October 19, 2012

Richard Branson on Entrepreneurship

#1 Lesson
  • Key is how good you are with people
  • Genuinely care
  • Surround yourself with ppl excited about what you're doing
  • Draw out the best in people
  • Lavish praise
  • Inspire
  • Never use the "I" word - you're a team: "we're doing this"
  • Never centre on yourself
  • Be a great leader from day 1 even if only 1 or 2 people
  • there will be bad times - people will work day and night to keep whatever you're creating alive

Next stage in bulding businesses
  • Be a great delegator
  • Find someone who is better than you - to replace you so you can move onto the next thing
  • Entrepreneur is not a manger - a starter of ideas who hands over
  • Manager on the other hand - immerse yourself in the busines and don't worry about moving on
  • Steve Jobs more a manager than a entrepreneur

Get to know people in fun situations = learn a lot more than in meetings.
Meetings, meetings, meetings = burnt out