Treat failure as a lesson on how not to approach achieving a goal, and then use that learning to improve your chances of success when you try again. Failure is only the end if you decide to stop.
Richard BransonRead
A good idea for a new business tends not to occur in isolation, and often the window of opportunity is very small. So speed is of the essence.
Interpretation
What this quote means
Opportunities for new business ideas are fleeting, so it's crucial to act quickly.
Richard Branson emphasizes that innovative business ideas typically arise in contexts of collaboration and inspiration rather than in solitude. Given that opportunities can vanish quickly, he stresses the importance of prompt action to capitalize on these fleeting chances.
Themes
BusinessOpportunitySpeedActionInnovation
In practice
Example use cases
In a business seminar discussing startups, this quote could inspire entrepreneurs to take swift action.
More from Richard Branson
All quotes βIt's a common misconception that money is every entrepreneur's metric for success. It's not, and nor should it be.
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Some 80% of your life is spent working. You want to have fun at home; why shouldn't you have fun at work?
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Values cannot be speedily forgotten if it is inconvenient or commercially expedient. Values have to have meaning and longevity; otherwise they are valueless. You cannot embrace innovation up to a point or only sometimes. Branding demands commitment; commitment to continual re-invention; striking cords with people to stir their emotions; and commitment to imagination. It is easy to be cynical about such things, much harder to be successful.
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Please donβt get hung up on this question of whether you need to have experience in an industry before you launch your startup.
Richard BransonRead
What's the most critical factor in any business decision you'll ever have to make? Basically, it boils down to this question: If this all crashes, will it bring the whole house tumbling down like a pack of cards? One business matra remains embedded in my brain - protect the downside.
Richard BransonRead
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