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
Ideally, since 80 percent of your life is spent working, you should start your business around something that is a passion of yours
Interpretation
Align your work with your passions for a fulfilling life.
This quote emphasizes the importance of choosing a career or business that aligns with your passions, as a significant portion of your life is dedicated to work. Richard Branson suggests that by doing what you love, you will not only achieve success but also find greater satisfaction in your daily life.
In practice
In a motivational speech about entrepreneurship, you might quote Branson to inspire budding business owners.
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.
It's a common misconception that money is every entrepreneur's metric for success. It's not, and nor should it be.
Some 80% of your life is spent working. You want to have fun at home; why shouldn't you have fun at work?
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.
Please donβt get hung up on this question of whether you need to have experience in an industry before you launch your startup.
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.
When you're good at something, you'll tell everyone. When you're great at something, they'll tell you.
Luck is earned. Luck is working so hard at your craft, service or enterprise that sooner or later you get a break.
My wife determined that my genius should prevail, and that my final success as an ornithologist should be triumphant.
I hit a home run in my first game, and they told me to go into the stands and pass my cap around. I made six dollars in nickels, dimes, and quarters.
So much easier to aim for the smallest possible audience, not the largest, to build long-term value among a trusted, delighted tribe, to create work that matters and stands the test of time.
It's sort of good to see your vocation as a daily task and have fairly modest expectations for financial or reward in other coin - glory, love, whatever.
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