Richard Branson has just published a new book, Business Stripped Bare. Hot off the press, here are a couple of insights from it:
“Inspire people to think like entrepreneurs, and whatever you do, treat them like adults. The hardest taskmaster of all is a person’s own conscience, so the more responsibility you give people, the better they will work for you.”
“One thing is certain in business. You and everyone around you will make mistakes. When you are pushing the boundaries this is inevitable—and it’s important to realize this. Even when things are running well, there is always the prospect of a new reality around the corner. Suddenly, all the good decisions you made last week are doing you untold damage. … Failure usually occurs when leaders avoid the reality of business. You have to trust the people around you to learn from their mistakes. Blame and recriminations are pointless.”
And my favourite / favorite one...
“There are many ways to run a successful company. What works once may never work again. What everyone tells you never to do may just work, once. There are no rules. You don’t learn to walk by following rules. You learn by doing, and by falling over, and it’s because you fall over that you learn to save yourself from falling over. It’s the greatest thrill in the world and it runs away screaming at the first sight of bullet points.”
I've just got the book and will add some more to The Hub Book Club when I've read some more of it.
Hat tip: Michael McKinney's Leading Blog