Top tips of Sir Richard Branson for Business

Richard Branson is a famous Business man in the world Richard Branson founded Virgin in 1970 at the age of 20 and he has not looked back.

Choose a unique name:

The unique name and brand is one of things that have made the company a success. A good and unique name is most important for successful business. The name of business is representing to your business and bran quality.

First impression is everything:

Richard Branson says the first impression you make on customers will probably be when you acquire them. The first impression is most important, Branson says, but the second is equally as important. The second time a customer usually contacts a company it’s because he or she is having problems with the products or service.

Taking a Business Risk:

Sir Richard Branson thinks of one of his favorite sayings when advising about taking business risks: “The brave may not live forever….. But the cautious do not live at all” He says every business involves risks.

Customer is always right, most of time:

Richard Branson says the customer is always right unless they are wrong. After all they are only human too. Your customers opinions are important but you should not build your customer service system on the premise that your organization will never question the whims of your clients.

If you enjoy it then you should do it:

Richard says running a business takes a lot of blood, sweet, and tears but at the end of the day, you should be building something you will be proud of.

Branson says that. When I started Virgin from a basement in the west London there was no great plan or strategy. I did not set out to build a business empire……………. For me building a business is all about doing something to be proud if bring talented people together and creating something that’s people lives.

Define your brands:

When it comes to defining your brand Branson advises entrepreneurs to do the opposite of what he did with Virgin, which is spreading out all over the place. And while it’s true that Virgin branches into many different industries, Richard say the company is actually quite focused on thing: finding new ways to help people have a good time.”

Don’t fall down:

Richard says your decisions will not always be the best decision. In the world everyone makes mistakes….But the best thing you can do it the face of a mistake is own up to it.

Branson says”, honesty is not just the best policy; it’s the only policy when a mistakes is made. Don’t let it consume you. Uncover the problem and get to a work fixing it.

Everyone is not suited to be CEO:

Richard says everyone is not suited for CEO post. A manager needs to be someone who “brings out the best in people someone who communicates well with others and helps an employee learn from a mistake instead of criticizing them for it.