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Sean Allen Fenn
@seanallenfenn
Risky? Not Really. Methods of Prosperity newsletter no. 52. Sir Richard Branson. TL;DR Sam Walton avoided flaunting his wealth. This is in sharp contrast with the flamboyant Sir Richard Branson, founder of Virgin. Branson's thrill-seeking persona is one thing. He’s less of a risk-taker than Walton in many respects. Branson, who struggled with dyslexia and math, found success by applying practical strategies. In the 1960s, he launched Student magazine. By 1970, he pivoted to Virgin Mail Order Records. Student magazine wasn’t profitable, but the mail-order business was. Branson focused on Virgin Mail Order as it flourished in 1970. By 1971 their mail-order business was almost ruined. Key Lessons: • Bad students can be great entrepreneurs. • Create something you’re proud of. • You don’t always need investors. • Get paid in advance. • Be resourceful.
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