Richard Branson Quotes About Survival
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Be creative. Innovate consistently on the little things that the big companies ignore. Little things often make big differences in business.
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Free publicity and word of mouth is probably the best and cheapest form of advertising. Learn to use it to your advantage.
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We've always had a pretty competitive and pretty ferocious battle with British Airways... It's lasted now about 14 years, and we're very pleased to have survived it.
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Be swift to take advantage of business opportunities. Bigger companies are too cumbersome to move quickly; this can be a competitive advantage for you.
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Don't wait till you are big before you begin building your brand. Build a brand from scratch alongside your business.
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Learn to live on the edge.
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Seek out strategic alliances; they are essential to growth and provide resistance to bigger competition.
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Remain focused on fulfilling your business mission. Never allow adversity divert your attention and efforts.
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Focus on your business strengths and keep its weaknesses away from the competition or public.
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And if after all this you eventually fail; don't take it personal. Don't be ashamed to start all over again.
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Avoid litigations. They are expensive and consume loads of time but if you have got a good case and a better chance of winning; then fight it out.
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If you are a new startup company, try not to arouse the interest or suspicion of your competition; especially if they are a bigger company. They can crush you while you are still in your startup phase. Lie low while still strengthening your bottom line.
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Listen to the customer's complaint and act fast.
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Follow your instincts and live with the consequences.
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Government and business must come together on the interlinked issues of conservation, economic development and renewable energy. There are literally thousands of businesses, many in the tourism industry, that depend on an intact marine environment for their long-term survival.
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Learn to use your brain power. Critical thinking is the key to creative problem solving in business.
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Don't hesitate to seek external help or advice where need be. Sometimes, it takes an external, emotionally unattached individual to detect your business flaws and render unbiased advice.
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Learn to raise capital by any means necessary. That's your primary job as an entrepreneur. You must continually raise capital from family and friends, banks, suppliers, customers and investors.
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Build your own business team. Survival in business requires a synergy of skills.
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Meet regularly with your business team and brainstorm. Intricate business problems are mostly resolved at brainstorming sessions.
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Run lean; avoid unnecessary expenses.
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We love Formula One and think Formula One's great. But we think Formula E is different. We would be making a big mistake if we tried to compete with Formula One and be similar to Formula One, we have to be radically different to Formula One to have a chance of survival. I don't mean survival by beating Formula One but co-existing complimentary to Formula One.
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Grow internally first. Strengthen your bottom line first before considering external growth.
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I think a lot of becoming an entrepreneur is something which people have to learn just from getting out there and giving it a go, and having to learn the art of survival.
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Never take your eyes off the cash flow because it's the life blood of business.
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