Life Lessons We Can Learn from Richard Branson!

What are the life lessons that we can learn from Richard Branson? Not only was his first business an overnight success, it was also more fun then work for him! Find out all about the things we can learn from the life of Richard Branson! Subscribe to Pablito’s Way! http://www.youtube.com/channel/UCk2zuJeRutyMZSdoh0sltLA?sub_confirmation=1 New videos Monday through Friday! Follow me on Instagram here: https://instagram.com/_pablitos_way/ New to Pablito's Way? Start here! https://www.youtube.com/playlist?list=PLC9umoxByMRJQoW_PzGK-n84iLQgbQyN2 Watch some of my favorite vids below….. Most Insane Mayweather Moments! https://youtu.be/bLko6Lcjib4 WEIRDEST Things Ever Found in Animals! https://youtu.be/2TH1Xbt8l-c 9 of the WORST diseases EVER! https://youtu.be/01M-uJccOBs The Hottest Female Athletes! https://youtu.be/S4p1_MQrKK4 11 Most Ridiculous Purchases by Floyd "Money" Mayweather! https://youtu.be/gjskIvCrG2Y Here are 7 things we can all learn from Richard Branson! 7 – Minimize your weakness Born in 1950, Branson enjoyed a happy childhood, with parents who considered their children equals and who often set challenges to make them self-reliant. Branson's parents were supportive of his endeavors from an early age. Branson's mother was an entrepreneur herself, and one of her most successful ventures was building and selling wooden tissue boxes and wastepaper bins. However, as unbelievable as it may sound, but is the case with plenty of self-made entrepreneurs, Branson had poor academic performance. He attended Stowe School, an independent school in Buckinghamshire until the age of sixteen. While attending school, many of Branson’s teachers considered him to be a bit slow and lazy. He was, in fact, dyslexic and admits that by age 8 he still couldn’t read and was hopeless in math and sciences. As British schools worship the sportsman, Branson realized that he needed to channel his energy into doing well on the field. Before Branson left school, headmaster Robert Drayson said to him, ‘You’ll either go to prison or become a millionaire’. You know what? That headmaster was onto something. Instead of feeling sorry for himself and seeing himself like one big failure, Branson recognized his weaknesses but also recognized his strengths – his ability to make things happen. 6 – Always be bold Branson expressed his desire to become an entrepreneur at a young age. At the age of sixteen, his first business venture was a magazine called Student. Later on, Branson started his record business from an old manor where he ran the magazine. Whenever Branson saw a need for something in the market, he asked, why shouldn’t he do it? Branson advertised popular records in his magazine, and the new business was an overnight success. Trading under the name "Virgin", Branson sold records for considerably less than the traditional record stores. Branson once said, "There is no point in starting your own business unless you do it out of a sense of frustration." The name "Virgin" was suggested by one of Branson's early employees because they were all new at business. Another example of his boldness is how he entered the airline industry. Branson's first successful entry into the airline industry was during a trip to Puerto Rico. He formed Virgin Atlantic Airways in 1984, after his flight was cancelled. He decided to charter his own plane the rest of the way and offer a ride to the rest of the stranded passengers for a fee of $39 in order to cover the cost. After that, he received a proposal to establish a transatlantic service to compete with British Airways and he couldn’t resist the opportunity. Against the better judgment of his advisers, he called Boeing in Seattle and negotiated to lease a 747 for a year, ‘just to see’ if the whole idea would work. Virgin Atlantic was soon a reality, although it almost never got off the ground. On the inaugural flight, a flock of birds flew into one of the uninsured engines, ruining it at a cost of 600,000 pounds! This brought the company over its credit line, and it came close to being bankrupt. Only an emergency recall of cash from Virgin’s overseas operations got everything through. 5 – Do the opposite Earning enough money from his record store, Branson launched the record label Virgin Records with Nik Powell and bought a country estate north of Oxford, where he decided to install a residential recording studio, The Manor Studio.