What does pulling an attempt to hot air balloon around the world, mobile phones, recording some of the most famous bands of all time and airlines have in common to each other? The answer is not much, unless your name is Richard Branson.
One of the most unique and unmistakably successful entrepreneurs of all time, Richard Branson first started in a basement running a highschool lifestyle magazine with a bunch of his friends. He has since built one of the most diverse business empires in history–Virgin. From the record business, mobile phones, airlines, vodka, boating, trains and soda to a new plan which commercially flies passengers to space. Virgin has truly diversified and Richard Branson is the one that’s leading it all.
How can you too start a business empire, and become the 212th richest man on earth? “You must formulate an innovative business plan, find funding, hire the right people to carry out the plan,” Richard Bronson explained in an interview,“and then step back from your role in the business at exactly the right moment.” The last is probably most surprising, and in my opinion often overlooked. Don’t forget to step away when you’re on top!