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Richard Branson

Virgin Group · Diversified · United Kingdom

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Biography

Dropped out of school at 16 to start Student magazine, then a mail-order record business that became Virgin Records. Virgin Group later expanded into airlines, telecoms and more.

Starting point: Launched Student magazine as a teenager, then a mail-order record business.

The lesson

Paraphrased summary

Summary: grow from one small business into the next, using a strong brand and attention-grabbing marketing.

How it helps you

Your first business can fund and teach you for the next. A memorable brand lets you enter new areas with trust.

Practical steps

  1. Pick one clear, memorable business name.
  2. Find one low-cost way to get attention locally.
  3. Master one product before adding another.
  4. Use your customer base to test the next idea.

Sources

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