Richard Branson might be one of the most eccentric and exuberant entrepreneurs around, but when it comes to knowing how to open a business and make it successful, there are few who do it better than the British mogul. But luckily enough, Branson isn’t the kind of guy to keep all of his tips, tricks, and secrets to himself. Thanks to his monthly columns for the Entrepreneur.com, readers have the opportunity to learn more about how Branson is so successful in every Endeavour.
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Based on those columns, we would like to present you with a countdown of Branson’s top 5 entrepreneur tips. If you’re looking to build yourself a successful business, this is the list for you. Let’s take a look at our countdown.
No. 5: Treat each day as a new opportunity
This particular piece of advice is reiterated constantly, whether through quotes on Facebook, motivational books, or even car bumper stickers. But Branson does a good job of reminding us how each day can really be the perfect opportunity to start fresh and do something amazing. Easier said than done, right? Well, not necessarily. Just keep your energy levels up and your positivity to a maximum and you’ll soon start appreciating each day more.
No. 4: Stay grounded
A successful entrepreneur is not only someone who builds a profitable business, but also someone who can keep a clear mind and remain with their feet on the ground, once things start taking off. Once money starts rolling in, it is easy to lose your head and start making bad decisions that will affect you severely. But keeping your head on your shoulders at all times can certainly ensure your longevity in the business.
No. 3: Don’t regret past decisions
Branson feels that the vast majority of people are stuck in the past, constantly rememorizing ancient failures and dwelling on what when wrong. Instead, follow the advice Branson himself received from his mother growing up: never look back and always move on to the next thing. A setback should never be regarded as some sort of catastrophe, but rather as a life lesson that can better prepare you for your future projects.
No. 2: Determination and self-motivation
Branson believes that, in order to get far as an entrepreneur, you have to be able to motivate yourself. At least in the beginning, when things tend to be more stressful and hard to handle. Fortunately, according to the British mogul, self-motivation and determination are not qualities we are born with, but rather personality traits each and every one of us can cultivate. One of doing this is by organizing your life and setting clear goals.
No. 1: How you deal with failure can make or break you
According to Branson, failure is a key ingredient for anyone striving for success. Why is that? Simple, it is from failed attempts that we get the opportunity to learn what’s right and what will work. In addition, the way you handle failure can show whether you’re resilient or not. Anyone who wished not only to be a successful entrepreneur, but also have a long career in it, should learn how to face adversity and persevere against the obstacles and odds.
