SlideShare una empresa de Scribd logo
1 de 9
“ I never get the accountants in, before I start up a business” ,[object Object],[object Object],[object Object],- Sir Richard Branson
Dare Enough to Pose for This Picture! Having enough “guts” to make controversial decisions
Question: You’ve said you never get the accountants in before you start a business and that “it’s done on gut feeling.” Can you describe that feeling ?   “ My  gut feeling  was if I could create the kind of airline that I’d like to fly on, other people would like to fly on it, too. If I had gotten the  accountants  in, they would have almost definitely told me all the  reasons why it wasn’t going to work . But my gut feeling was that if I could create the best airline in the world, there would be a market for it We’ve set up 300 companies and almost all of them have been based on  personal experience . I’ve been frustrated by the way something has been done by other people and if I can do it better, hopefully the bills will be able to be paid” Interview with Jeff Burger; “Business Jet Traveler”, April/May 2008
Question: Speaking of Google, why is it that Virgin, which seems to get involved in every thing imaginable, has never surfed the start-up internet wave ?   “ I don’t know how to use the internet – it’s not something my generation is too familiar with. And  when I don’t understand an industry, I leave it alone ” Interview with Arnaud Bouillin; “The New York Times”, 2008
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],Create   unexplored market spaces –   The Blue Ocean Strategy   (W. Chan Kim and Renée Mauborgne ) In this strategy, “Blue oceans”  denote all the industries not in existence today The  market space, untainted by competition. In blue oceans, demand is created rather than fought over.  virgin He is looking for the   Virginity   of the market!
[object Object],[object Object],[object Object],[object Object],[object Object],Source: www.wikipedia.org
Thank You! ,[object Object]

Más contenido relacionado

Similar a Why Sir Richard Branson Starts Businesses on Gut Feeling Not Accounting

Recurring income secrets
Recurring income secrets Recurring income secrets
Recurring income secrets AbdullahArif38
 
Recurring income secrets
Recurring income secretsRecurring income secrets
Recurring income secretsbgkkumar
 
Finance for startups
Finance for startupsFinance for startups
Finance for startupsNeil Patel
 
My 10 Tips For Achieving ROI In Social Media
My 10 Tips For Achieving ROI In Social MediaMy 10 Tips For Achieving ROI In Social Media
My 10 Tips For Achieving ROI In Social MediaPWride
 
10 tips for Social Media ROI
10 tips for Social Media ROI10 tips for Social Media ROI
10 tips for Social Media ROIRedd Marketing
 
Recurring Income Secrets.pdf
Recurring Income Secrets.pdfRecurring Income Secrets.pdf
Recurring Income Secrets.pdfYousefYahya6
 
Research Essay Fahrenheit 451
Research Essay Fahrenheit 451Research Essay Fahrenheit 451
Research Essay Fahrenheit 451Lilian Gerlin
 
How Entrepreneur's grew their business with some tips direct from them
How Entrepreneur's grew their business with some tips direct from themHow Entrepreneur's grew their business with some tips direct from them
How Entrepreneur's grew their business with some tips direct from themRoisin King, FCIM, MBA
 
Revolution In Network Marketing
Revolution In Network MarketingRevolution In Network Marketing
Revolution In Network MarketingKevin Arnold
 
A Revolution In Network Marketing
A Revolution In Network MarketingA Revolution In Network Marketing
A Revolution In Network Marketingkrissyjo
 
recurring income secrets
 recurring income secrets  recurring income secrets
recurring income secrets Reevah Smith
 
Start Me Up - 6 Steps to Launching Your Own Startup Company
Start Me Up - 6 Steps to Launching Your Own Startup CompanyStart Me Up - 6 Steps to Launching Your Own Startup Company
Start Me Up - 6 Steps to Launching Your Own Startup CompanyClint Edmonson
 
Hardwork vs luck .pptx
Hardwork vs luck .pptxHardwork vs luck .pptx
Hardwork vs luck .pptxDharamDaxini1
 
Brilliant PR on a Startup Budget
Brilliant PR on a Startup BudgetBrilliant PR on a Startup Budget
Brilliant PR on a Startup BudgetCourtney Myers
 

Similar a Why Sir Richard Branson Starts Businesses on Gut Feeling Not Accounting (17)

Recurring income secrets
Recurring income secretsRecurring income secrets
Recurring income secrets
 
Recurring income secrets
Recurring income secrets Recurring income secrets
Recurring income secrets
 
Recurring income secrets
Recurring income secretsRecurring income secrets
Recurring income secrets
 
Finance for startups
Finance for startupsFinance for startups
Finance for startups
 
My 10 Tips For Achieving ROI In Social Media
My 10 Tips For Achieving ROI In Social MediaMy 10 Tips For Achieving ROI In Social Media
My 10 Tips For Achieving ROI In Social Media
 
10 tips for Social Media ROI
10 tips for Social Media ROI10 tips for Social Media ROI
10 tips for Social Media ROI
 
Kuwait workshop imena group
Kuwait workshop   imena group Kuwait workshop   imena group
Kuwait workshop imena group
 
Recurring Income Secrets.pdf
Recurring Income Secrets.pdfRecurring Income Secrets.pdf
Recurring Income Secrets.pdf
 
Research Essay Fahrenheit 451
Research Essay Fahrenheit 451Research Essay Fahrenheit 451
Research Essay Fahrenheit 451
 
How Entrepreneur's grew their business with some tips direct from them
How Entrepreneur's grew their business with some tips direct from themHow Entrepreneur's grew their business with some tips direct from them
How Entrepreneur's grew their business with some tips direct from them
 
Revolution In Network Marketing
Revolution In Network MarketingRevolution In Network Marketing
Revolution In Network Marketing
 
Good Publishers Will Save Digital Marketing v2019
Good Publishers Will Save Digital Marketing v2019Good Publishers Will Save Digital Marketing v2019
Good Publishers Will Save Digital Marketing v2019
 
A Revolution In Network Marketing
A Revolution In Network MarketingA Revolution In Network Marketing
A Revolution In Network Marketing
 
recurring income secrets
 recurring income secrets  recurring income secrets
recurring income secrets
 
Start Me Up - 6 Steps to Launching Your Own Startup Company
Start Me Up - 6 Steps to Launching Your Own Startup CompanyStart Me Up - 6 Steps to Launching Your Own Startup Company
Start Me Up - 6 Steps to Launching Your Own Startup Company
 
Hardwork vs luck .pptx
Hardwork vs luck .pptxHardwork vs luck .pptx
Hardwork vs luck .pptx
 
Brilliant PR on a Startup Budget
Brilliant PR on a Startup BudgetBrilliant PR on a Startup Budget
Brilliant PR on a Startup Budget
 

Más de Ami Sampath

Glo-Bus Winning Strategy: The tested Strategy to Win Glo-bus
Glo-Bus Winning Strategy: The tested Strategy to Win Glo-busGlo-Bus Winning Strategy: The tested Strategy to Win Glo-bus
Glo-Bus Winning Strategy: The tested Strategy to Win Glo-busAmi Sampath
 
Social Media Marketing
Social Media MarketingSocial Media Marketing
Social Media MarketingAmi Sampath
 
The Ant and the Lion - Rethink About Your Value Chain
The Ant and the Lion - Rethink About Your Value ChainThe Ant and the Lion - Rethink About Your Value Chain
The Ant and the Lion - Rethink About Your Value ChainAmi Sampath
 
The Five Generic Competitive Strategies : Which One to Employ?
The Five Generic Competitive Strategies : Which One to Employ?The Five Generic Competitive Strategies : Which One to Employ?
The Five Generic Competitive Strategies : Which One to Employ?Ami Sampath
 
Think Twice Before Using another Plastic Bag!
Think Twice Before Using another Plastic Bag!Think Twice Before Using another Plastic Bag!
Think Twice Before Using another Plastic Bag!Ami Sampath
 
Private Universities in Sri Lanka
Private Universities in Sri LankaPrivate Universities in Sri Lanka
Private Universities in Sri LankaAmi Sampath
 

Más de Ami Sampath (7)

Glo-Bus Winning Strategy: The tested Strategy to Win Glo-bus
Glo-Bus Winning Strategy: The tested Strategy to Win Glo-busGlo-Bus Winning Strategy: The tested Strategy to Win Glo-bus
Glo-Bus Winning Strategy: The tested Strategy to Win Glo-bus
 
Social Media Marketing
Social Media MarketingSocial Media Marketing
Social Media Marketing
 
The Ant and the Lion - Rethink About Your Value Chain
The Ant and the Lion - Rethink About Your Value ChainThe Ant and the Lion - Rethink About Your Value Chain
The Ant and the Lion - Rethink About Your Value Chain
 
The Five Generic Competitive Strategies : Which One to Employ?
The Five Generic Competitive Strategies : Which One to Employ?The Five Generic Competitive Strategies : Which One to Employ?
The Five Generic Competitive Strategies : Which One to Employ?
 
Think Twice Before Using another Plastic Bag!
Think Twice Before Using another Plastic Bag!Think Twice Before Using another Plastic Bag!
Think Twice Before Using another Plastic Bag!
 
Madrid Holidays
Madrid HolidaysMadrid Holidays
Madrid Holidays
 
Private Universities in Sri Lanka
Private Universities in Sri LankaPrivate Universities in Sri Lanka
Private Universities in Sri Lanka
 

Último

Case study on tata clothing brand zudio in detail
Case study on tata clothing brand zudio in detailCase study on tata clothing brand zudio in detail
Case study on tata clothing brand zudio in detailAriel592675
 
BEST Call Girls In Greater Noida ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Greater Noida ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,BEST Call Girls In Greater Noida ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Greater Noida ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,noida100girls
 
Call Girls In Radisson Blu Hotel New Delhi Paschim Vihar ❤️8860477959 Escorts...
Call Girls In Radisson Blu Hotel New Delhi Paschim Vihar ❤️8860477959 Escorts...Call Girls In Radisson Blu Hotel New Delhi Paschim Vihar ❤️8860477959 Escorts...
Call Girls In Radisson Blu Hotel New Delhi Paschim Vihar ❤️8860477959 Escorts...lizamodels9
 
8447779800, Low rate Call girls in Tughlakabad Delhi NCR
8447779800, Low rate Call girls in Tughlakabad Delhi NCR8447779800, Low rate Call girls in Tughlakabad Delhi NCR
8447779800, Low rate Call girls in Tughlakabad Delhi NCRashishs7044
 
Intro to BCG's Carbon Emissions Benchmark_vF.pdf
Intro to BCG's Carbon Emissions Benchmark_vF.pdfIntro to BCG's Carbon Emissions Benchmark_vF.pdf
Intro to BCG's Carbon Emissions Benchmark_vF.pdfpollardmorgan
 
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCRashishs7044
 
Call US-88OO1O2216 Call Girls In Mahipalpur Female Escort Service
Call US-88OO1O2216 Call Girls In Mahipalpur Female Escort ServiceCall US-88OO1O2216 Call Girls In Mahipalpur Female Escort Service
Call US-88OO1O2216 Call Girls In Mahipalpur Female Escort Servicecallgirls2057
 
Islamabad Escorts | Call 03070433345 | Escort Service in Islamabad
Islamabad Escorts | Call 03070433345 | Escort Service in IslamabadIslamabad Escorts | Call 03070433345 | Escort Service in Islamabad
Islamabad Escorts | Call 03070433345 | Escort Service in IslamabadAyesha Khan
 
FULL ENJOY Call girls in Paharganj Delhi | 8377087607
FULL ENJOY Call girls in Paharganj Delhi | 8377087607FULL ENJOY Call girls in Paharganj Delhi | 8377087607
FULL ENJOY Call girls in Paharganj Delhi | 8377087607dollysharma2066
 
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deck
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deckPitch Deck Teardown: Geodesic.Life's $500k Pre-seed deck
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deckHajeJanKamps
 
Innovation Conference 5th March 2024.pdf
Innovation Conference 5th March 2024.pdfInnovation Conference 5th March 2024.pdf
Innovation Conference 5th March 2024.pdfrichard876048
 
Contemporary Economic Issues Facing the Filipino Entrepreneur (1).pptx
Contemporary Economic Issues Facing the Filipino Entrepreneur (1).pptxContemporary Economic Issues Facing the Filipino Entrepreneur (1).pptx
Contemporary Economic Issues Facing the Filipino Entrepreneur (1).pptxMarkAnthonyAurellano
 
Kenya Coconut Production Presentation by Dr. Lalith Perera
Kenya Coconut Production Presentation by Dr. Lalith PereraKenya Coconut Production Presentation by Dr. Lalith Perera
Kenya Coconut Production Presentation by Dr. Lalith Pereraictsugar
 
8447779800, Low rate Call girls in Uttam Nagar Delhi NCR
8447779800, Low rate Call girls in Uttam Nagar Delhi NCR8447779800, Low rate Call girls in Uttam Nagar Delhi NCR
8447779800, Low rate Call girls in Uttam Nagar Delhi NCRashishs7044
 
The CMO Survey - Highlights and Insights Report - Spring 2024
The CMO Survey - Highlights and Insights Report - Spring 2024The CMO Survey - Highlights and Insights Report - Spring 2024
The CMO Survey - Highlights and Insights Report - Spring 2024christinemoorman
 
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCRashishs7044
 
Youth Involvement in an Innovative Coconut Value Chain by Mwalimu Menza
Youth Involvement in an Innovative Coconut Value Chain by Mwalimu MenzaYouth Involvement in an Innovative Coconut Value Chain by Mwalimu Menza
Youth Involvement in an Innovative Coconut Value Chain by Mwalimu Menzaictsugar
 
Annual General Meeting Presentation Slides
Annual General Meeting Presentation SlidesAnnual General Meeting Presentation Slides
Annual General Meeting Presentation SlidesKeppelCorporation
 
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...lizamodels9
 

Último (20)

Case study on tata clothing brand zudio in detail
Case study on tata clothing brand zudio in detailCase study on tata clothing brand zudio in detail
Case study on tata clothing brand zudio in detail
 
BEST Call Girls In Greater Noida ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Greater Noida ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,BEST Call Girls In Greater Noida ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Greater Noida ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
 
Call Girls In Radisson Blu Hotel New Delhi Paschim Vihar ❤️8860477959 Escorts...
Call Girls In Radisson Blu Hotel New Delhi Paschim Vihar ❤️8860477959 Escorts...Call Girls In Radisson Blu Hotel New Delhi Paschim Vihar ❤️8860477959 Escorts...
Call Girls In Radisson Blu Hotel New Delhi Paschim Vihar ❤️8860477959 Escorts...
 
8447779800, Low rate Call girls in Tughlakabad Delhi NCR
8447779800, Low rate Call girls in Tughlakabad Delhi NCR8447779800, Low rate Call girls in Tughlakabad Delhi NCR
8447779800, Low rate Call girls in Tughlakabad Delhi NCR
 
Intro to BCG's Carbon Emissions Benchmark_vF.pdf
Intro to BCG's Carbon Emissions Benchmark_vF.pdfIntro to BCG's Carbon Emissions Benchmark_vF.pdf
Intro to BCG's Carbon Emissions Benchmark_vF.pdf
 
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
 
Call US-88OO1O2216 Call Girls In Mahipalpur Female Escort Service
Call US-88OO1O2216 Call Girls In Mahipalpur Female Escort ServiceCall US-88OO1O2216 Call Girls In Mahipalpur Female Escort Service
Call US-88OO1O2216 Call Girls In Mahipalpur Female Escort Service
 
Islamabad Escorts | Call 03070433345 | Escort Service in Islamabad
Islamabad Escorts | Call 03070433345 | Escort Service in IslamabadIslamabad Escorts | Call 03070433345 | Escort Service in Islamabad
Islamabad Escorts | Call 03070433345 | Escort Service in Islamabad
 
FULL ENJOY Call girls in Paharganj Delhi | 8377087607
FULL ENJOY Call girls in Paharganj Delhi | 8377087607FULL ENJOY Call girls in Paharganj Delhi | 8377087607
FULL ENJOY Call girls in Paharganj Delhi | 8377087607
 
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deck
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deckPitch Deck Teardown: Geodesic.Life's $500k Pre-seed deck
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deck
 
Innovation Conference 5th March 2024.pdf
Innovation Conference 5th March 2024.pdfInnovation Conference 5th March 2024.pdf
Innovation Conference 5th March 2024.pdf
 
Contemporary Economic Issues Facing the Filipino Entrepreneur (1).pptx
Contemporary Economic Issues Facing the Filipino Entrepreneur (1).pptxContemporary Economic Issues Facing the Filipino Entrepreneur (1).pptx
Contemporary Economic Issues Facing the Filipino Entrepreneur (1).pptx
 
Kenya Coconut Production Presentation by Dr. Lalith Perera
Kenya Coconut Production Presentation by Dr. Lalith PereraKenya Coconut Production Presentation by Dr. Lalith Perera
Kenya Coconut Production Presentation by Dr. Lalith Perera
 
8447779800, Low rate Call girls in Uttam Nagar Delhi NCR
8447779800, Low rate Call girls in Uttam Nagar Delhi NCR8447779800, Low rate Call girls in Uttam Nagar Delhi NCR
8447779800, Low rate Call girls in Uttam Nagar Delhi NCR
 
The CMO Survey - Highlights and Insights Report - Spring 2024
The CMO Survey - Highlights and Insights Report - Spring 2024The CMO Survey - Highlights and Insights Report - Spring 2024
The CMO Survey - Highlights and Insights Report - Spring 2024
 
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
 
Corporate Profile 47Billion Information Technology
Corporate Profile 47Billion Information TechnologyCorporate Profile 47Billion Information Technology
Corporate Profile 47Billion Information Technology
 
Youth Involvement in an Innovative Coconut Value Chain by Mwalimu Menza
Youth Involvement in an Innovative Coconut Value Chain by Mwalimu MenzaYouth Involvement in an Innovative Coconut Value Chain by Mwalimu Menza
Youth Involvement in an Innovative Coconut Value Chain by Mwalimu Menza
 
Annual General Meeting Presentation Slides
Annual General Meeting Presentation SlidesAnnual General Meeting Presentation Slides
Annual General Meeting Presentation Slides
 
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
 

Why Sir Richard Branson Starts Businesses on Gut Feeling Not Accounting

  • 1.
  • 2. Dare Enough to Pose for This Picture! Having enough “guts” to make controversial decisions
  • 3. Question: You’ve said you never get the accountants in before you start a business and that “it’s done on gut feeling.” Can you describe that feeling ? “ My gut feeling was if I could create the kind of airline that I’d like to fly on, other people would like to fly on it, too. If I had gotten the accountants in, they would have almost definitely told me all the reasons why it wasn’t going to work . But my gut feeling was that if I could create the best airline in the world, there would be a market for it We’ve set up 300 companies and almost all of them have been based on personal experience . I’ve been frustrated by the way something has been done by other people and if I can do it better, hopefully the bills will be able to be paid” Interview with Jeff Burger; “Business Jet Traveler”, April/May 2008
  • 4. Question: Speaking of Google, why is it that Virgin, which seems to get involved in every thing imaginable, has never surfed the start-up internet wave ? “ I don’t know how to use the internet – it’s not something my generation is too familiar with. And when I don’t understand an industry, I leave it alone ” Interview with Arnaud Bouillin; “The New York Times”, 2008
  • 5.
  • 6.
  • 7.
  • 8.
  • 9.

Notas del editor

  1. First, the question will be divided into 3 sub questions, to make easier to present our points
  2. The attention grabber of the presentation. Start by making a controversial statement that “This is the reason why Richard Branson don’t want any accountants involved in start up businesses”. Then, taking his decision to pose for this picture as an example, we will highlight the fact that Richard Branson is a “risk taker” in his character, and willing to do un-conventional things.
  3. This slide will make the background for the answer, as supporting facts from Sir Richard Branson’s own words
  4. This slide will make the background for the answer, as supporting facts from Sir Richard Branson’s own words
  5. Answer to the first sub question. Mainly summarized points above 2 slides of SRB’s interviews
  6. Answer to the second sub question. What is he looking for?
  7. Elaborating the answer to the second sub question. Talks about how relevant the “Virgin” brand, to his approach of investment appraisals.
  8. Answer to the 3 rd sub question. Since our subject is Financial Management, the success is measured in money terms. Highlight the fact that, even though SRB doesn’t take financial management techniques to investment decisions; most of his decisions were proven right by financial figures as outcomes.