5 useful Skills to learn as an Entrepreneur,by Branson

1) Listening to understand

2) Optimism – w/ work out

3) Delegating – minor tasks

4) Solving Problems

5) Adapting to Situations

British entrepreneur & business magnate

Founder at Virgin Group of companies

Sir Richard Charles Nicholas Branson is a British business magnate and commercial Astronaut. In the 1970s he founded the Virgin Group. (more below) Wikipedia

• Born: July 18, 1950 (age 72), London, England
• Net worth: $5 billion (celebritynetworth.com)
• Children: Holly Branson, Sam Branson, Clare Sarah Branson
• Founded: Virgin Vacations, Virgin Oceanic, Virgin Unite, Virgin Australia Holdings, Liquid Comics, Virgin Money UK, Virgin Cars, Virgin Group, Virgin Cinemas, Front Line, Virgin Rail Group, Virgin Records, V2 Records, Virgin Classics, Branson School of Entrepreneurship, Caroline Records, Virgin Mobile USA, Virgin Megastores, Virgin Money, Virgin Books
• Important works: Jambo Jumbo, Visioneer: The Peter Diamandis Story, Equation of Change, Fuel
• 5 significant Movies or TV Shows

Dear Victoria (who submitted this wonderful question) and all. As a granddad of five, your Question struck a certain chord with me. I was also very inspired to hear about your plans to write a book that encourages kids from all walks of life to become Entrepre-neurs that make the world a better place. The children of our world (and the generations to come) face unprecedented challenges that will take bravery and innovation to over come. If we can help young people adopt a pioneering, purposeful and entrepreneurial mindset, we can give them the best possible chance of tackling these challenges.

Solving Problems

Every business should be launched to solve a problem, and it’s important that all budding entrepreneurs know this. In my experience, the best skills, attitudes and values you could teach a budding entrepreneur would be:

1. Listen deeply and always act with Empathy.

I can’t underestimate the power of listening. I’ve come up with so many different ideas and gained so much wisdom and insight from listening – more than I speak. I jot down notes everywhere I go, and it helps me find so much inspiration for new ideas. Being a good listener and an empathetic person is the only way to put yourself in the shoes of your customers – which is the best way to run a business. You can’t solve a problem unless you really understand it.

2. Embrace Optimism and say ‘Yes’ as much as possible.

Entrepreneurship is often a ‘no risk, no reward’ arena, so you’ve got to take calculated risks and realize – it’s OK if it doesn’t always work out the first time or the first few. I often say that every risk is worth taking – as long as it’s for a good cause and contributes to a good life. I also live by the phrase that ‘the brave may not live forever, but the cautious do not live at all’. Your career and your life will be so much more exciting if you’re taught how to take smart risks, lean into your fears, and see the glass half full in life. This is innately linked to trusting your instinct, which is certainly something that can be learnt and should be regularly exercised!

3. Delegate and Collaborate effectively.

The truth is – that Virgin could never have evolved from a Student Magazine to a Global Brand – if I hadn’t learnt how to trust people, collaborate & delegate. Young people should learn the power of delegating and how to bring out the best in people as early as they can – because everyone brings such different skills to the table, and you really can’t do it alone – without them !!!

4. Solve Problems through Creativity.

You can’t innovate without lateral thinking and using creativity to solve problems. As a dyslexic with a reading & learning disorder, thinking differently is all I’ve ever known, but it’s certainly something you can learn too. Giving people the permission to dream big, bring radical ideas to the table, and draw outside of the lines is so important. It makes life a lot more exciting too !!!

5. Learning & adopting these skills, values & attitudes also feels more important than ever with the rise of AI.

This was the theme of the DyslexAI campaign we created with Made by Dyslexia, which shows how AI can’t replace the soft skills that index high in dyslexics – such as innovating, lateral thinking, complex problem solving, and communicating. These are also vital skills for entrepreneurs, which shows why dyslexics tend to become such GR8 Entrepreneurs.

Comments: do U know any other useful Skills?

fm Startup Nation 6/23 enhanced by Peter, CXO Wiz4.biz

For similar Info, click on Business Skills.