TIP214: Billionaire Richard Branson Lessons (Business Podcast)
The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network
Stig Brodersen
4.6 • 3.6K Ratings
🗓️ 28 October 2018
⏱️ 37 minutes
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| 0:00.0 | You're listening to TIP. |
| 0:02.5 | On today's show, we're going to be talking about one of the most famous billionaires on the planet, Mr. Richard Branson. |
| 0:08.1 | Richard is the founder of the Virgin Group and his holding company has more than 400 companies worldwide. |
| 0:14.1 | Branson got his start as an entrepreneur at the age of 16 when he started his own magazine and he self-built his $5 billion empire from there. |
| 0:23.0 | On today's show, we're going to cover some of Branson's interesting exchanges that define his personality that made him the business mogul he is today. |
| 0:30.7 | So without further delay, here's our show covering billionaire Richard Branson. |
| 0:38.1 | You are listening to THE Investors Podcast where we study the financial markets and read the books that influence self-made billionaires the most. |
| 0:46.4 | We keep you informed and prepared for the unexpected. |
| 0:52.9 | All right, welcome to THE Investors Podcast. I'm your host, Preston Pishin. As always, I'm accompanied by my co-host, Stig Broderson. |
| 1:04.9 | Like we said in the introduction, we're super excited to be talking about Richard Branson today. |
| 1:10.2 | The first question that we're going to be talking about, you started off an airline company with one aircraft you purchased a 747 and then you grew it from there into Virgin Airlines. |
| 1:21.6 | The question was, how do you start out? How do you go from zero to one? |
| 1:27.0 | Because so many people are paralyzed with that very first step. This is Richard's response to that question. |
| 1:33.6 | First of all, I was sure that the airline business sank and the quality was ghastly and it wasn't fun. |
| 1:40.2 | Yeah, pretty miserable experience to travel from A to B on British Airways or any of the other airlines. |
| 1:45.6 | So I thought if we could throw into the mix a plane that was great fun, which was beautifully designed, |
| 1:52.9 | that had the staff that really loved what they were doing, where the food was great, the seating was nice, where there was stand-up bars, |
| 1:59.5 | you know, the entertainment was great. That we'd have a chance. We couldn't be sure. |
| 2:03.7 | First of all, I did a deal with Boeing so I could hand the plane back to Boeing at the end of the 12 months if I was wrong about this. |
| 2:10.5 | That was protecting the downside. So at least I knew the worst that could happen was about 50% of the profits of Virgin Records for the year, |
| 2:18.4 | but if it all went wrong. |
| 2:19.8 | Then we threw this one plane in against Pan Am with 300 planes, TWA with 300 planes, British Airways with 300 planes, |
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