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Showing posts with label Richard Branson. Show all posts
Showing posts with label Richard Branson. Show all posts

Wednesday 28 September 2016

Getting back up after a fall


Don’t keep saying ‘no’ and ‘don’t’ to the kids because all it does is squelch their curiosity, determination and thirst for exploration. The truth is, even when you fall, you can learn from the experience. Growth happens when you step out of your comfort zone.


AS YOU likely would have heard by now, while training in the British Virgin Islands recently, I was bicycling down a hill, hit a bump in the road and was flung off my bike into the air. In the microseconds that I spent anticipating the feeling of concrete against my face, my life actually flashed before my eyes.

I genuinely thought: I’m going to die.

My bike disappeared off the cliff, and I landed hard. I was wearing a helmet, but I suffered a fractured cheek, torn ligaments and a few cuts and bruises.

While the timing couldn’t have been worse, my recovery is going well.

By the time you read this (injuries permitting), I will have been long into my journey on the Virgin Strive Challenge, the most physically demanding test I’ve ever tackled. I’m joining my children, Holly and Sam, and a group of inspiring people on this challenge.

We’re traveling entirely under our own power on a month-long trip through Italy, from the base of the Matterhorn in the Alps to the summit of Sicily’s Mount Etna.

We will be facing all sorts of physical obstacles along the way: a vast landscape across which we will hike and cycle, deep waters that we’ll have to swim across to reach Sicily, an active volcano we’ll run on. It will take great perseverance, solidarity and mental clarity to get through this adventure.

But it’s likely that the toughest obstacles will be those inside our own heads.

In business and in life, most people consider others to be their toughest opponents, whether it’s winning a tennis match or winning more market share. However, the real adversary is actually far closer to home. In my 66 years, I’ve learned that there is no tougher foe than yourself.

Think about it: As an entrepreneur, you’re the one who has to put in the hard yards.

You’re the one who has to deal with all those late nights and early mornings. You’re the one who has to figure out how to push past barriers you didn’t realise existed.

But if you’re determined enough and have the right mindset, you can reach heights you thought were impossible to reach.

That’s what the Virgin Strive Challenge is all about: pushing yourself to do something you didn’t think was possible, and in the process setting a great example for others, particularly young people.

Too often, children are told: “You can’t do this,” or “Don’t even try.” Adults say these things to keep their kids safe, to protect them from the pain of failure.

But in my opinion, this is a big mistake. The more children are told they can’t do something, the more they lose their curiosity, determination and thirst for exploration — qualities that are essential for entrepreneurs.

That’s why Virgin has partnered with Big Change this year, a youth charity in the UK that looks for different ways to encourage young people to thrive and develop a growth mindset.

It is all about believing that you can grow through both failure and success. When you fail, it’s tempting to slip into a negative mindset, to start thinking that you’re hopeless. But that just makes it easier to give up.

If you remain positive about your abilities, chalk up losses as valuable experiences and get back on your feet, it will be easier to forgive yourself and move on.

After all, while you may be your own toughest adversary, you can also be your biggest supporter. It’s important that we all know this, children in particular.

My wife, Joan, and I have always encouraged our children to chase their dreams, push themselves hard and live their lives without regret. I’m so proud of the adults they’ve become and the work they’re doing now through Big Change. It’s an incredible privilege for me to be able to join them in their latest undertaking.

I just hope my body holds up after the accident!Together, we’re going to have the adventure of our lives as we try and raise over £1.5mil to support positive change for young people. It doesn’t get much better than that!

And we hope to send a clear message: Growth happens when you step out of your comfort zone, and the truly extraordinary happens when you do it with the support of others.

Make sure you head over to the Virgin Strive Challenge website, strivechallenge.com, for more information, and check back for updates on our journey. — Distributed by The New York Times Syndicate

By Richard Branson

Questions from readers will be answered in future columns. Please send them to Richard.Branson@nytimes.com. Please include your name, country, email address and the name of the website or publication where you read the column.

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Monday 28 March 2016

Entrepreneurship is not a job but providing a solution

Coming up with a winning idea


Entrepreneurship is not a job. It’s about providing a solution, and pulling people and resources together to make that change. Workable business ideas are all about solving problems.

Q: I’m an engineering student in Portugal, but I feel I really was born to be an entrepreneur. I started creating logos for companies when I was about 15. I’m passionate about entrepreneurship and I’m always trying to think of new ways to start businesses. I want to follow my passion — but it’s tough when you have a great business idea, and no support. How do I find the right path? — João Bandeira, PortugalJoão, it’s always heartening to hear a young would-be entrepreneur talk about passion being a key driver in his life. The most successful entrepreneurs share that indescribable desire to change the world and make a positive difference in people’s lives.

And while it can be a struggle in the early days to find one project to pour all your enthusiasm into, just remember that successful entrepreneurs always manage to come up with an idea that’s right for them, and they make it work.

Your question reminds me of the origins of Ring — a wildly successful business that I have invested in.

For years, founder Jamie Siminoff had attempted to come up with a winning business idea — he even turned his garage in California into a lab for prototypes. As he worked there, though, Jamie was annoyed that he couldn’t hear the front doorbell.

One day he decided to fix this problem — he created a program to link the doorbell to his smartphone so that he could answer the door remotely with a video call. It was a great solution.

Jamie’s wife loved the idea as well: When Jamie was away, she could always see who was at the front door, and she felt safer.

Later, Jamie invited friends around to check out his other inventions, but the only thing anybody cared about was the doorbell!

He soon realised that this was the best business idea he ever had, and Ring was born. Just like that, the hours of searching for a winning idea were over.

João, the fact that you are constantly thinking of new businesses to start is a hugely valuable asset. Being proactive is a good thing, but I would strike a note of caution about the idea search.

I recently joined a host of fellow entrepreneurs in Los Angeles for Virgin Atlantic’s inaugural “Business Is an Adventure” event, and the topic of generating business ideas came up in a panel. Sean Rad, the CEO and founder of the dating app Tinder, made a great point.

“Entrepreneurship is not a job — it is a reaction to you wanting to solve a problem,” he said. “You have to wake up and say: ‘I am passionate about making a change, and I am passionate about pulling together people and resources... Not wake up and say: ‘I want to be an entrepreneur’ because I think you’ll kind of be lost... you’ll be looking for a problem instead of finding a problem looking for a solution.”

It’s a shrewd observation, and one that underlies the success of many companies, including Tinder.

In our daily lives, we all come across problems, annoyances or frustrations that we would love to see solved. Luckily, entrepreneurs are perfectly placed to solve those problems.

Interestingly enough, that’s how Virgin Atlantic began. After one particularly terrible experience as a passenger with an unscrupulous airline, I decided there must be a better way to fly. The next day, our team was on the phone with Boeing asking if they had any second-hand 747s that they were willing to sell.

Thankfully, they didn’t laugh and hang up — and the first Virgin airline was born.

So keep in mind that generating ideas is a great strength, but make sure that you’re spending your time and energy searching for solutions, not problems. That’s the best way to approach workable business ideas. Become a passionate problem-solver, and you’re half-way to being a successful entrepreneur.

Also keep in mind that once a great idea has been sparked, getting it off the ground can feel like a daunting task for anyone — especially if you have nobody there to support you, as you point out. I would advise you to take advantage of the connectivity offered by the Internet. Plenty of resources, networks and fellow entrepreneurs are just a click away.

Additionally, getting a mentor who can point you in the right direction and share his experiences is one of the best things you could ever do. You’d be surprised how many people are willing to help if you just ask. — Distributed by The New York Times Syndicate

By Richard Branson

Questions from readers will be answered in future columns. Please send them to Richard.Branson@nytimes.com. Please include your name, country, email address and the name of the website or publication where you read the column.

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Saturday 1 November 2014

Terrible week for US Spaceflights: NASA rocket explodes, Virgin spaceship crashes

Wreckage from Virgin Galactic's SpaceShipTwo spacecraft is seen after the vehicle crashed on Oct. 31, 2014 during a test flight out of the Mojave Air and Space Port in California.

The burgeoning field of spaceflight suffered two serious blows this week.





The bad news began on Tuesday (Oct. 28), when Orbital Sciences Corp.'s Antares rocket exploded just seconds after blasting off on an unmanned cargo mission to the International Space Station for NASA. Then, on Friday (Oct. 31), SpaceShipTwo crashed during a test flight; one of the two pilots aboard was killed and the other injured, apparently seriously.

The causes of the two accidents are unclear at the moment, and so are the consequences. But the fallout could be huge for Orbital Sciences, Virgin Galactic and the entire private spaceflight industry, which has been building up some serious momentum over the past several years.Photos: SpaceShipTwo's Test Flights



Virginia-based Orbital Sciences holds a $1.9 billion contract with NASA to make eight robotic cargo runs to the space station using Antares and the company's Cygnus spacecraft. Orbital had completed two such missions without incident before Tuesday's rocket explosion.

Another company, California-based SpaceX, also signed a deal to ferry cargo to the space station for NASA. The agency is paying SpaceX $1.6 billion to fly 12 unmanned supply missions to the orbiting lab using the firm's Dragon capsule and Falcon 9 rocket. So far, SpaceX has flown four of these missions, and all have been successful.

NASA is also looking to the private sector to take astronauts to and from low-Earth orbit. Last month, the agency awarded SpaceX and Boeing multibillion-dollar contracts to continue developing their crewed vehicles — a manned version of Dragon in SpaceX's case and a capsule called the CST-100 for Boeing.

NASA officials hope at least one of these spaceships is up and running by 2017. The agency has been dependent on Russian Soyuz spacecraft to ferry American astronauts to and from the space station since 2011, when NASA's space shuttle fleet retired.

NASA officials expressed confidence in Orbital Sciences after Tuesday's launch mishap, citing the company's two successful supply missions to the space station. The agency also seemed to affirm its commitment to private cargo delivery.

"Launching rockets is an incredibly difficult undertaking, and we learn from each success and each setback," Bill Gerstenmaier, head of NASA's Human Exploration and Operations Directorate, said in a statement Tuesday. "Today's launch attempt will not deter us from our work to expand our already successful capability to launch cargo from American shores to the International Space Station."

Meanwhile, Virgin Galactic and Scaled Composites — the company that built the six-passenger, two-pilot SpaceShipTwo — are dealing with a tragedy that claimed a life.

Virgin Galactic founder Sir Richard Branson has previously expressed hope that commercial operations of SpaceShipTwo will begin sometime in 2015. Friday's crash, which occurred during the suborbital space plane's fourth rocket-powered flight and 55th overall test flight, will almost certainly push that timeline back.

But Virgin Galactic representatives vowed that they will continue their work to get SpaceShipTwo up and running. And the entire industry will bounce back as well, said Stuart Witt, CEO of Mojave Air and Space Port in California, which hosts SpaceShipTwo's test flights.

"It hasn't been an easy week. It's certainly been a challenge," Witt said during a post-crash news conference Friday. "But where I'm from, this is where you find out your true character."

By Mike Wall @Spacedotcom

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