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Richard Branson

Richard Branson99 posts

Richard Branson is an English businessman. He founded Virgin Records, which grew into the Virgin Group. He is currently working on Virgin Galactic, a space tourism business.

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17 Nov, 2013

Necker reopens

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richard-branson-necker-reopensGreat-House-MasterBedroomTerrace-78-300x200Branson reopens Necker to the public, at $60,000 a day for a maximum of 30 guests. The Great House is rebuilt with eight double rooms with balconies and a Master suite with three terraces. Bali Hai, Bali Cliff and Bali Beach are located on a promontory away from the main house and share a plunge pool. Bali Lo, Bali Buah, and Bali Kukila, in the middle of the island, have a private pool. In September and October, individual rooms are rented, with a seven-night minimum. Great House double rooms are $27,475, the Bali Houses cost $29,750, and the Master Suite is $45,000. The island features lemurs and tortoises. Rates include boat transfers meals, drinks, tennis and water sports, and a calypso band for an evening.

4 Oct, 2013

Huffington Post interview

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Branson is interviewed for Huffington Post. On who is currently the most important person in philanthropy:

The first person that comes to mind is Jochen Zeitz, the former CEO of Puma, who is the co-founder of The B Team (which, like Carbon War Room, was started with Virgin Unite).

Carbon War Room’s contributions to tech innovation:

Well, for example, we are using tech to help get 20 gigatons of carbon out of the atmosphere to balance the Earth’s books. And tech is always innovating — now, the same guy who designed your iPad is now trying to save a lot of energy in homes, making it more affordable.

30 Sep, 2013

Hiring op-ed

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Branson writes in Entrepreneur that hiring is the most important role for a CEO:

During the job interview, you need to find ways to decide whether a candidate fits with your company culture. One great way to test this may be to ask two or three of the employees who would work with this person to join you at some point in the interview, and to come prepared with a few of their own questions.

A resume doesn’t give a complete picture:

Above all, don’t get hung up on qualifications. A person who has multiple degrees in your field isn’t always better than someone who has broad experience and a great personality.

Hiring managers should take chances:

A maverick who sees opportunities where others see problems can energize your entire group.

Bring in new people when the business is stale:

Two of the Virgin Group’s higher-profile hires were John Borghetti, now the CEO of Virgin Australia, and Craig Kreeger, Virgin Atlantic’s CEO. John had worked at Quantas Airlines and Craig had worked at American Airlines, so they knew our competition well, and were able to give us a fresh take on our business

28 Sep, 2013

New space race

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Branson is interviewed on CNN about private competition in space:

I think it’s the start of a new space race. It’s not been easy. It’s taken us five years more than we thought it would take. But finally they pulled it off.

His children will be on the flight:

People risked a lot to get space off the ground in the first place, but unless you risk something, the world stays still.

The first customers will be the wealthiest 1%:

Initially it’s very much the wealthiest who will use it, but through these wealthy people being willing to be pioneers I think millions of people will one day have the chance to go to space.

7 Aug, 2013

Jetset Magazine interview

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Jetset Magazine publishes an interview with Branson. He discusses treating drugs as a health problem rather than a criminal problem:

I’m part of a global commission on drugs, which is basically 15 ex-presidents and myself who have looked at the war on drugs and seen that it’s been a failure. What we want to see happen is for governments to experiment with different approaches. The current approach has definitely not worked. We don’t want people harmed, we want people helped. We want laws changed.

1 Aug, 2013

‘Workspace’

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richard-branson-workspaceBranson comments on his workspace:

I work surrounded by people.

3 Jun, 2013

London Business School interview

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Branson is interviewed for the London School of Business and Finance by David Blunkett. On the role of universities:

Universities should be encouraging people to run their businesses within the university, where entrepreneurs, teachers and students can share ideas and help each other. We need to encourage entrepreneurs to stay within the confines of universities and get the support they need.

Interaction with education providers:

Through technology, businesses could be tapping into a lot of students in universities worldwide, making the time we spend exchanging values and ideas far more useful. Entrepreneurs have a different way of doing things and they can look into situations, with the benefit of experience, and help governments and social sectors to tackle things in a better way.

His plans to study as a mature student:

When I was 40 I said to my wife ‘I’m taking two years off to go to university’, and she said ‘It’s a midlife crisis – you’re just after those young ladies at the university.

LSBF Great Minds Series: Richard Branson on Education & Entrepreneurship

13 May, 2013

In drag on Air Asia flight

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Branson shaves his legs and wears red lipstick, eyeliner, false eyelashes and a pigtail along with his high heels, stockings, and red Air Asia stewardess uniform after losing a bet with Tony Fernandes. He performs a safety demonstration on an Air Asia flight from Perth to Kuala Lumpur, pours drinks, serves meals, and makes inflight announcements. Tickets for the flight are $400 with $100 going to the Starlight Children’s Foundation in Australia. Charity bidders raise another $200,000 for the foundation in return for the chance to shave Branson’s legs before the flight.

This has been a real first for me but I have enjoyed the experience and I have nothing but respect for what our fabulous flight attendants do every day to keep us safe.

Richard Branson's Safety Demon onboard AirAsia X Flight PER-KUL 12 May

9 May, 2013

The European Magazine interview

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Branson tells The European Magazine that entrepreneurship is a crisis fix:

With staggering youth unemployment figures today I believe we need to encourage the use of terms like innovation and innovative as entrepreneurship offers some hope and an alternative to the traditional career path.

Fear of disruption holds ideas back:

Most people are too anxious to destroy. The iPod effectively destroyed the selling of records. To the detriment of the music industry but for the benefit of the public.

The new innovation with the best potential:

There’s a wonderful new company in New Zealand called Lanzatech that has invented a way of turning the waste products that go up the chimneys of steel and aluminium plants into aviation fuel. Recycling at its best. Once day all planes could operate on this fuel.

19 Apr, 2013

Sir Richard’s Guide To Getting Lucky

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Branson releases Sir Richard’s Guide To Getting Lucky:

As founder of Virgin, I’ve been in my share of compromising positions, but I’ve usually gotten out of them, with a little luck. People ask me, Your Excellency, how do you always end up on top? And the answer is, I don’t. Sometimes, I end up in the mouth of a whale shark. But enough about me, here’s my guide to getting lucky at 35,000 feet.

The guide suggests one possible use for Virgin America’s new system that allows customers to make purchases for people in other seats and send private messages over the inflight entertainment system:

Step 1. Pinpoint the object of your affection. Once the seatbelt sign is off, approach her with a cheque for her favourite charity, carried in the mouth of a puppy that you’ve given a pile of sweets to. Direct her attention to the window, where she’ll see your suborbital space ship composing a haiku in skywriting. Drive to your launchpad, polevault her into the basket of your hot air balloon, and take flight to your private island.

The system is designed for family members who are seated apart.

https://www.youtube.com/watch?feature=player_detailpage&v=M_Bes6P2isY

Jan 2013

Origin Magazine interview

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Branson tells Origin magazine that the same advices applies for men and women in business:

By just getting out there and doing it, you’re going to learn all the pitfalls. It may succeed, it may not succeed, but unless you actually try it, it’s definitely not going to succeed. I think the slogan “Screw it, just do it”–I think the same applies to women and men. Get on and give it a go. Learn from it if it doesn’t work out. Pick yourself up and try again.

Entrepreneurs should lead from the front:

Leading by fear is a lot of companies’ approach, and a horrible way for people to exist in their lives, when most of your life is spent at work. I’m sure you get the best out of people if you look for the best in them.

11 Jan, 2013

BBC Radio 6 interview

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Branson tells Stuart Maconie on BBC Radio 6 Music that his Virgin stores were the first time music lovers could go to a proper store. An ad for the store:

There are no dopes at Virgin Records, that’s because all our customers are cool. They know a swell joint when they see one.

Branson:

The alternative was to go to a very staid Woolworths or Menzies to buy your music, it was incredibly dull,  and this was the first time that people could come into a record shop and it would have pillows on the floor, there were bootlegs on the wall. There were people that actually knew about music, who went there to talk about music, and if you did smoke a joint sitting on the pillows you weren’t going to be told to leave the store. It was a proper music shop.

That attracted a crowd:

There was a shop in Liverpool which we opened… and the first week the takings were £20,000 and the next week it was £19k, next week £18k and it got down to about £500 and I decided I’d better go up to Liverpool to find out what was happening, and it had become a club. There was no way anybody could get to the till to buy any music. It was just a place that every single person in Liverpool went to hang out, and it was a free club of course. So that went a little bit too far

7 Jan, 2013

LinkedIn interview

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Branson is interviewed for LinkedIn. On women in leadership:

In the end, it’s down to individuals. I would encourage companies to work really hard towards getting a 50/50 split of women on their board — even to the extent of encouraging politicians to actually change laws to force a situation to where there’s 50% women on boards. Because in countries where they’ve done it — like Norway and Sweden — the companies seem to have benefited from it. But in the meantime, all of us who own companies must try to increase the size of our boards to make sure we get more women on the boards.

12 Dec, 2012

A day in the life video

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A camera follows Branson around London for the day. What he’s trying to achieve at Virgin:

…make a positive difference in our business projects, and make a positive difference in our social projects

10 Dec, 2012

Tells Gentlemans Journal details of early career

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Branson is interviewed for Gentlemans Journal. He gives previously unknown details on the original funding for Student magazine and Virgin Records:

I started Student with £100 that my mother gave us after she found a necklace on the road near Shamley Green. After three months of no one claiming it from the police station they told her she could have it. She knew we had no money so came up to London, sold it for £100 and gave it to us. A few years later when we decided to open a recording studio I financed it with a bank note which was a gift from my parents and a loan from Auntie Clare.

On whether he stepped over others to succeed in business:

When I was young, every time I criticized someone, my mother would stand me in front of the mirror and say: ‘The flaws you see in others are actually a reflection of yourself.’ That taught me to pay close attention when I looked at others.

How he became interested in sustainability:

It started with a phone-call from Al Gore while I was in the bath; He wanted to show me An Inconvenient Truth and his poignant and elegant reduction of these issues really struck a chord with myself as an interested non-expert. Tim Flannery’s book, The Weather Makers, also had a pronounced effect on me.

Oct 2012

Inc. interview

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Branson tells Leigh Buchanan and Andrew McLean for Inc. that it’s possible to succeed in a first venture:

Everyone who creates something is doing something audacious because the most difficult time is when you’re starting from scratch with no financial backing, just an idea, and you’re trying to get your very first venture off the ground … true audaciousness comes from those people who just have the pluck and the courage to say screw it, let’s do it, I see a gap in the market, I may fall flat on my face and it may cost me everything

30 Oct, 2012

Forbes interview

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Branson tells Forbes that many presentations are ineffective:

Too many people are hiding in dark rooms flipping through too many words on big screens. There’s a reason why I avoid boardrooms. I’d rather spend time with people ‘in the field,’ where eye contact, genuine conviction and trustworthiness are in full evidence.

Ideas should be concise:

From the beginning, Virgin used clear, ordinary language.  If I could quickly understand a campaign concept, it was good to go. If something can’t be explained off the back of an envelope, it’s rubbish.

10 Oct, 2012

NPR interview

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Branson is interviewed for NPR. Virgin doesn’t normally do M&A:

Having said that, it would be quite fun to do something with American Airlines. And so, yeah, if anybody from American Airlines is listening, we’d be happy to get your call.

American should raise quality in areas like cabin furnishings and hostess uniforms:

I mean, when we started 30 years ago with one plane flying out of England, there were 15 American carriers that we were competing with: Pan Am, TWA, Eastern, People Express, etc., etc. Every single one of them … disappeared. And they disappeared because, although we were much smaller than them, their quality was awful.

Sustainable fuels can work in the airline industry:

When we did the first test flight on coconut oil, using coconuts and a mixture, you know, there [were] a lot of jokes made. The chairman of British Airways said it was all pie in the sky, etc., etc. But the most important thing in life is just to try these things, and we tried it.

20 Aug, 2012

Discusses dyslexia

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Branson discusses how dyslexia affected his education and career with Entrepreneur:

I left school when I was 16 years old partly because of my dyslexia. I couldn’t always follow what was going on, so I didn’t find the lessons interesting and became distracted. My teachers thought I was just lazy because back then; people didn’t understand as much about dyslexia as they do today.

Virgin’s simple ad campaigns started due to the condition:

I still check our ad campaigns today, so we have continued to use ordinary language instead of industry jargon. Our bank, Virgin Money, doesn’t talk about ‘financial services’ or ‘leading industry intelligence;’ rather, we talk about building a better bank for everyone

It taught him delegation:

I had learned the art of delegation by my teens. This isn’t a skill that comes easily to some, but when you’re dyslexic, you have to trust others to do tasks on your behalf. In some cases that can involve reading and writing, and so you learn to let go. As an entrepreneur, I learned that surrounding myself with people who were better than me at specific tasks put me at an advantage because I was free to focus on the things I was good at.