Notes on Richard Branson

• Richard has almost 40 companies under Virgin such as Virgin Cars, Virgin Cosmetics, and Virgin credit card.
• "If you can run one company, you can really run any." - Richard Branson
• There's a very thin line between success and failure.
• he sold his record company at the peak where it had it's greatest value, where Napster and all the other big music companies came into the business world.
• Virgin stands for quality.
• Total revenue: $25 billion.
• Total employees: 55 thousand.
• In the process of building a spaceship. (Virgin Galactic).
• Richard was dyslexic, failed IQ tests, dropout in high school, and a rebel. 
• If he wasn't interested in something, he wouldn't grasp it.
• he didn't understand net and gross income until he was 50 years old.
• Wasn't allowed to go on bike rides and watch television.
• His mother pushes him out of the door at a young age, and tells him to find his way home to his grandma's house.
• Richard has been in prison first before becoming a millionaire.
• If you treat people well, people will come back for more.
• In order to become a successful business person, is to treat people fairly well.
• extreme wealth -> extreme responsibility.
• Richard is 56 years old.
• War Room: solve Africa's social problems.
• live life to it's fullest and make a difference.
• "first to know, first to handle." A great principle in helping with customer service.
• An unhappy customer will tell 10 people about a problem, while a satisfied customer will tell only 4 people about a good experience.

I have learned, from Richard Branson, that success can come from the smallest things. As a person who dropped out of school, had dyslexia, and failed IQ tests, he eventually became one of the most well known millionaires in the world. When Richard said, "there's a very thin line between success and failure" this gives people and entrepreneurs the motivation to take that leap to go for that extra mile and pursue their goals and dreams. Richard seemed to get where he is today by patience, respect, and being open minded. Like Branson said, "in order to become a successful business person, is to treat people fairly well."

24 Rule.

So far in today's ENT 12, we have learned about the 24 rule. The 24 rule gives us the certain amount of time (24 hours) to tell someone we have gotten hurt if we have got into argument with them, if we don't tell that person within 24 hours, we lose the right to be hurt. I have learned this in Accounting 11, and have used it with my family and friends. It has helped me build closer relationships with them and gives us both the chance to confront each other if one of us is hurt.

Second day at Entrepreneurship 12

Today in Entrepreneurship 12, we began to track stocks on finance.yahoo.com. The company I picked was Walt Disney Co.I found out today that the market capital of the Disney is $75.5 billion dollars.