The Entrepreneurial Virgin
When the word ‘entrepreneur ‘ is brought up, the first name that comes to my mind is Richard Branson, founder of Virgin Group. I believe that Richard Branson is one of the better representations of an entrepreneur. His accomplishments, skill, and experience are what make him a leading entrepreneurial figure.
Sir Richard Charles Nicholas Branson
Schumpeter placed emphasis on innovation when defining entrepreneurship, focusing on new products, new production methods, new markets, and new forms of organizations. Branson’s venture capital organization, Virgin Group Ltd., encompasses all of these ‘news’. From selling Christmas trees and birds to now owning a Formula One racing team, Branson’s Virgin Group really is everything. Its products include beverages, airlines, cosmetics, houseware, financial services, and obviously, music.
“On the one extreme an entrepreneur is a person of very high aptitude who pioneers change, possessing characteristics found in only a very small fraction of the population.”
I consider people like Richard Branson part of this small fraction. If you look at the Timeline of Richard Branson’s business ventures, you will see the diversity and success in his ventures. Like many other famous entrepreneurs, his adolescence foreshadowed his future career.
One thing that Branson stressed regarding entrepreneurs, is experience. I find it ironic that his brand, labeled Virgin, accumulated so much experience and is so successful.
In business, there is no substitute for experience. So if you’re an entrepreneur, get on with it. If you’ve achieved success in business, think about giving back to the community by mentoring some promising entrepreneurs. Who knows? They just might be the next Musa and Amos
Its ironic that his brand, labeled Virgin, accumulated so much experience and grew to what it is today.
Source:
http://www.entrepreneur.com/article/217567
http://www.quickmba.com/entre/definition/