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Richard Branson, Founder, Virgin
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The
problem with describing sir Richard Branson is that there are so
many adjectives that you wouldn't know where to begin. 'Flamboyant',
'extravagant', 'eccentric', 'daredevil' are just a few that have
been used to describe him; and so have 'stark-raving mad' and 'lunatic'.
He is a bit of all of these, and though there are far more successful
entrepreneurs out there, no can doubt the fact that Branson, at
the age of 54, is the one that has had the most fun.
At 17, while studying at the exclusive English
public school at Stowe, Branson started his first business-a student
advisory service. By 22, he was well on his way to making his millions
via Virgin Records. By the early 1980's, Virgin had artists like
the Rolling Stones on their books and was one of the world's largest
music labels.
But the business that was going to pitch Branson
into the deep end and the spotlight, was Virgin Atlantic Airways.
With a solo Boeing 747, Branson was to begin a new era of airline
service. From in-flight massages to motorcycle limousines, Virgin
Atlantic wanted to change the rules of air travel.
There were others, though, who had tried and
failed at the same game, notably, Sir Freddie Laker who was browbeaten
by the major network carriers. In the 20 years since it started,
Virgin Atlantic has survived hostile attacks from British Airways-read
Dirty Tricks for more on that-to become the UK's second largest
scheduled carrier with a network spanning the globe, and a major
in its own right.
Virgin Records was sold to EMI in the early
90s and the money ploughed back into the airline, but Branson still
maintains a considerable presence in the entertainment world. There
are Virgin mega-stores and a new record label V2 as well as book
publishing ventures and interests in some nightclubs. In 1999, in
an attempt to make Virgin a truly global player in the aviation
market, he sold 49 per cent stake in the airline to Singapore Airlines.
In the same year, he became Sir Richard Branson when the Queen knighted
him.
Of course, Branson has had his fair share of
things going wrong. And we do not just mean the innumerable amount
of times he has tried to go around the world in a balloon only to
land in the ocean. He tried and failed to break the cola duopoly
with Virgin Cola, but that said, Branson has enjoyed an amazing
strike rate.
One can't, of course, argue with success-specially
if it involves a Caribbean island.
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