Success Tips from Sir Richard Branson

Last week I was fortunate to spend some time with mega-successful entrepreneur Sir Richard Branson and 100 other top entrepreneurs.

Pamela Yellen & Sir Richard Branson
Pamela Yellen & Sir Richard Branson

Branson conceived the Virgin Group in 1970 and it has gone on to grow very successful businesses (Virgin Mobile & Virgin Airlines to name a few) in numerous sectors.1

We had a chance to ask Sir Richard questions and here are five Success Tips he shared:

Success Tip #1…

Your business life starts at home – pick a good partner and respect them for who they are.

Success Tip #2…

The biggest challenge business owners run up against is being risk averse.  At some point, you have to just say, “Screw it, let’s do it!”

Success Tip #3…

It’s important to keep fit – you’ve only got one body.  Try to find fun ways to do it.

Success Tip #4…

Praise your team/employees – never criticize them.  Treat them right and they’ll do anything for you.

Success Tip #5…

Don’t take yourself too seriously!

I found it fascinating that when one of us asked a question of Sir Richard, he would often respond by asking a question back; he seemed genuinely interested in us as individuals and it tied right into Success Tip #4.  Sir Richard simply makes you feel that you matter.  And he always looks for the best in people.

Sounds like a blueprint for a life well-lived!

Food for thought…

Number of times the DOW has crossed 11,000 – up or down – since first breaking it on May 3, 1999: 65!2  For the record, Bank On Yourself plans have NEVER gone backwards – they only have one direction: UP!
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1. http://www.virgin.com/about-us/
2. “How to Play a Market Rally”, The Wall Street Journal, November 15, 2010 (The DOW has since crossed 11,000 at least two more times)