The first rule of being an entrepreneur is…

Written by Richard Branson

As part of our Global Entrepreneurship Week series, Virgin’s entrepreneur bloggers have come together to hand out some golden rules…

“If something can’t be explained on the back of an envelope, it’s rubbish.”
Richard Branson

“Surround yourself with quality people that you can learn from, find a mentor that can help guide you along the way and don’t give up!”
Adam Toren

“Don’t be scared to fail. Within failure there is always a lesson. Look forward to failing as it shows that you are actually trying and you are learning through that process.”
Jamie Dunn

“Be ambitious, get organized and be prepared to persevere.”
Andy Boyd

“Becoming an entrepreneur is a process – realize that you will have great days and frustrating days so remember to tap into your passion as the internal fuel to drive you forward and keep believing in yourself.”
Alissa Finerman

“Start now! “Procrastination is the thief of fortune!” Come up with a plan to stay organized and focused and keep your overheads LOW. Don’t try and micro-manage your business as you grow.”
Matthew Toren

“Research your competitors – and better them.”
Sarah Denning

“Stay true to your vision and have courage in your own convictions, you truly can achieve anything you put your mind to.”
Becca Lutwyche

“Failure and challenges are inevitable but through it all, your ability to maintain a high degree of personal integrity is the ultimate enabler for your future business success.”
Jennifer Warawa


About Richard Branson

Sir Richard Charles Nicholas Branson (born 18 July 1950) is an English business magnate, best known as the founder and chairman of Virgin Group of more than 400 companies. His first business venture was a magazine called Student at the age of 16. In 1970, he set up an audio-record mail-order business. In 1972, he opened a chain of record stores, Virgin Records, later known as Virgin Megastores. Branson’s Virgin brand grew rapidly during the 1980s, as he set up Virgin Atlantic Airways and expanded the Virgin Records music label. Branson is the 4th richest citizen of the United Kingdom, according to the Forbes 2011 list of billionaires, with an estimated net worth of US$4.2 billion.

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The first rule of being an entrepreneur is…

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