Richard Branson on why you don't need to know the basics...

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Жыл бұрын

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@bobgom4915 Жыл бұрын

Suddenly the state of Virgin Trains makes a lot more sense.

@ryanjohnston2968 Жыл бұрын

😂

@Ibsonlovesyou Жыл бұрын

😂

@jroobz Жыл бұрын

🤣

@MattIn3rtia Жыл бұрын

Mate, bring back Virgin Trains I say! Avanti suck!!!

@stephanosuk78 Жыл бұрын

But they made a positive difference to peoples lives...

@PlayrAds 5 ай бұрын

“Richard. You don’t know the difference between paying tax and not paying tax, do you?”

@Karl_with_a_K 4 ай бұрын

Don't be absurd, as a highly successful International Businessman Richard knows quite well that Tax is for the little people and bailouts are for the big people .

@aidanmagill6769 4 ай бұрын

You spelt theft wrong.

@boum62 3 ай бұрын

Lol

@boum62 3 ай бұрын

The main is to be born with wealth eh Richard ?

@davidrutter3192 3 ай бұрын

🤭🤭🤭

@333nickmcd 4 ай бұрын

I think the real lesson is; you don’t need to know everything yourself but you do need to have good people who overall know everything!

@Sheesh-zw9ij 20 күн бұрын

Then you must have the skill to recruit the best people and maintain a culture that enables them. It's still a dangerous principle to run a business on. His success path is not the norm and building life principles around exceptions is dangerous

@AnthroKnowledgey Жыл бұрын

A business man with this much power and influence didn’t know the difference between net and gross at age 50? What?

@ThatOneCEO Жыл бұрын

I used services of his Virgin Media and I believe him 100%..

@Brock_273 Жыл бұрын

This guy is a genius .. .. and humbly honest

@ianyoung7077 Жыл бұрын

@@Brock_273 No, I think you got that wrong. Geniuses are the clever ones: this is just an example of how far a useless, but confident, idiot can go in Western Society.

@stevea.b.9282 Жыл бұрын

That's the point,.he didn't need to know

@sagovana Жыл бұрын

🐂 💩

@adski0125 Жыл бұрын

So the morale of the story is - better to be lucky than smart... gotcha

@dellwright1407 4 ай бұрын

No, the lesson is that you can succeed as an entrepreneur even if dyslexic and not great at maths. You don't get to create and drive a business worth billions by being "lucky". Finding $20 in the parking lot is lucky.

@dellwright1407 4 ай бұрын

@@landrover4483 everyone plays the hand their dealt.

@markcraine4213 5 ай бұрын

Especially when you’re posh and connected

@1chish 3 ай бұрын

Why do you assume he was 'posh and well connected'? because he never was.

@leeparker1053 5 ай бұрын

Been a peasant myself, i enjoy this advice from these humble people.

@sazzlepopz1553 5 ай бұрын

😂😂😂

@jobloggs7400 4 ай бұрын

😂👏

@jorriffhdhtrsegg Жыл бұрын

Proof it is all about getting others to do the hard work for you

@_IHateHandles_ Жыл бұрын

That's basically the backbone of any economy. You pay other people to do the things you are incapable of doing yourself. It's called business. It's not an inherantly evil thing.

@JackieMilburnt Жыл бұрын

The point is, holding people like Branson up as icons of the self made is folly.

@shaun5944 Жыл бұрын

@@JackieMilburnt what are you talking about. The man has worked hard and he's obviously a talented businessman, give credit where it's due. I've read one of his books and he took the risks. We need people like him to create employment. If you want to play it safe stick to the 9 -5. It's called free enterprise 👍🇬🇧👋🙂

@jpa_fasty3997 Жыл бұрын

The hard work like *checks notes* knowing business terminology

@bobholyoake8577 Жыл бұрын

Yes, and they dont teach this at school, because they need sheep

@themagicrat8803 Жыл бұрын

and then he showed me the net being hauled onto a boat that sailed to the Cayman Islands.

@crazyguru9115 2 ай бұрын

😂😂😂

@philipprocter2824 5 ай бұрын

If it doesn't matter that much, why sue the NHS and every British taxpayer?

@1chish 3 ай бұрын

Because maybe he had a strong case against the NHS? You think the NHS is beyond making mistakes? Or maybe its just achieved some saintly status in the minds of Liberal Lefties?

@derp195 Жыл бұрын

When you're as rich and powerful as this guy, you can't help but fall up.

@lemilemi5385 Жыл бұрын

the secret to success is to be born into money

@musicmusicmusic21 Жыл бұрын

Gonna have to call bullsh*t on that..

@bobholyoake8577 Жыл бұрын

Why? Because you cant understand how less clever people are doing better then you who have worked and listen how to be a slave from school system

@dangl650 5 ай бұрын

absolutely

@jonathanhowson6420 5 ай бұрын

He is dyslexic. I can confirm that we struggle with things like that, but are exceptional at other things.

@lewisgreen2957 5 ай бұрын

Nice to meet the new boss of the U.K. NHS..

@chrisbrady6687 5 ай бұрын

@@jonathanhowson6420Love how you just compared yourself to Richard Branson simply because you're dyslexic. 😂

@robertedwards3551 Жыл бұрын

One of the biggest problems in privately owned companies is exactly this issue and not knowing it causes unnecessary financial stress on a company. The owners become in thrall to their accountants who have little idea of how to manage a business because understanding a set of accounts and decision making in business is not the same thing.

@walther007 Жыл бұрын

Even privately held companies will have a board of directors or board of trustees who know what the hell they're doing. If you're talking about a tow truck company...sure, whatever.

@wakeyskate 5 ай бұрын

@@walther007the ones with the e power to sack the CEO! (And agree his bonus..)

@missj.d9187 5 ай бұрын

This man's number one key to success is branding. Nobody in he's time when he first started understood the depth of branding as well has him. He knew he was the brand.

@lavienestpasunlongfleuvetr2559 3 ай бұрын

He's the 'Brandson'.

@nickparton5663 5 ай бұрын

Just remember as a matter of principle to sue public institutions that don't give you contracts.

@1chish 3 ай бұрын

He didn't for the reason you gave but rather he sued public institutions when they breach the rules of the bidding process. As the Department of Transport did over the renewal of the West Coast Main Line contract.

@Laury79 Жыл бұрын

Richard started in the 60s, grew his company in the 70s and 80s. If you are starting and growing a business at any time in the last 15 years and have bluffed your way through despite the fact that you don't know the difference between net and gross, you are out of business before you find out. 2 years maximum with someone else's money. Boomers had it easy.

@Brock_273 5 ай бұрын

What a humble man......he didn't need to disclose this information but he did .....Why? ....to help others. He's a billionaire. Most of the critics writing on here probably struggling to pay their rent / mortgage. This humble man is a genius!!

@BrendanDufftronic 5 ай бұрын

He's not that humble. The twat doesn't pay his taxes.

@leucadendron007 5 ай бұрын

He did it to appear more human, he's that rich he doesn't have to care

@dewiroberts579 5 ай бұрын

Yeah and he doesn’t pay his taxes so F off

@jobloggs7400 4 ай бұрын

Or dumb?

@harrybarker3441 4 ай бұрын

Completely agree, so many embarrassing comments on here

@garico7464 5 ай бұрын

Sued the NHS. You're done mate.

@robertbransby 3 ай бұрын

This 👆

@TKsolotravel 3 ай бұрын

Have to Admire the absolute honesty. 👍 His passion and drive has certainly underpinned his success and I’d be certain no one here criticising him has reached anywhere near the same levels of success.

@Scubadooper 5 ай бұрын

"Make a positive difference to other people's lives" Best business advice ever

@user-uq7zw7pj4s 5 ай бұрын

😂😂😂😂😂😂

@wakeyskate 5 ай бұрын

Well, safe to say he failed with Virgin trains 😂

@Scubadooper 5 ай бұрын

@@wakeyskate still good advice, whether or not he managed to do it with his companies

@jobloggs7400 4 ай бұрын

This from the man that does nothing for the human race and has a private island in the Caribbean. Just like Epstein.

@Cactuspractice12 4 ай бұрын

@@user-uq7zw7pj4s exactly lol. the delusion is breathtaking

@rosemarybishop5776 Жыл бұрын

He knows how to avoid paying his taxes!

@drcl7429 Жыл бұрын

No he clearly doesn't. He knows to pay someone who does.

@tonto8029 Жыл бұрын

@@drcl7429 Perfect reply

@shanginadildo Жыл бұрын

@@drcl7429 so then he knows how to avoid paying taxes...

@drcl7429 Жыл бұрын

@@shanginadildo Well... I suppose I know how to lots of things then.

@thesaint8400 Жыл бұрын

@@drcl7429 You know he was successfully prosecuted for import tax evasion?

@maxone007 4 ай бұрын

As a business owner I can say, there is a difference in numbers between gross and net, but not for the business itself. If you focus on your business, numbers don’t matter. If you focus on the numbers, business won’t matter.

@davep8221 Жыл бұрын

But more important is that he helped Mike Oldfield make Tubular Bells.

@mr.orange8211 Жыл бұрын

He is owes his entire career to Mike

@rogerstarkey5390 Жыл бұрын

@@mr.orange8211 vis versa

@timmayers4965 4 ай бұрын

That was because dire straits pulled out of his deal because they couldn’t stand him so he turned to Mike. It was Mike’s genius that launched the record label. Branson is a terrible human being

@vicariousjohnson9823 Жыл бұрын

He seems to epitomize the saying "even a blind squirrel can find a nut once in a while."

@Olyfrun 4 ай бұрын

Credit where it's due, Boris the Boglodyte has had several successes with Virgin.

@PaulJacobs1970 3 ай бұрын

Not really cos Branson didn’t rely on luck at all. Read his book Losing My Virginity. Awesome read

@MrChrisHobday 3 ай бұрын

You are truly inspiring & for me for years as you helped a friend with cancer at a young age. I’ve been heavy dyslexic with a thousand thoughts a second& now.I can control those thoughts so I can hear & act on them. Life then chucked me a curve ball with CRPS in my right leg all the way from knee to toes but life keeps going & so do I. I’m doing up a sailboat & going to sail south UK to start.

@jfrazz9729 Жыл бұрын

I’m always forgetting the net/gross relationship. So this helped! Little fishies in the net are the important number of what I’ve caught

@navalrajnikanth3214 4 ай бұрын

Man is a professional yapper. Made alot of money with it.

@OghamTheBold 4 ай бұрын

Usurer - made a lot of FR€€ MONEY from unearned interest from 5O,OOO more in graveyards 2022

@stitcha123 6 ай бұрын

Well I got one definitely believed this 100% occurred. Especially the coloured pencils bit.

@harryagrotis326 4 ай бұрын

A positive difference in people's lives !!!!! What an amazing concept 😮

@29dj17 Жыл бұрын

This man has always been the simplest business man.

@Goodgollybenholly 5 ай бұрын

He knows how to avoid tax like the back of his hand though

@1chish 3 ай бұрын

You do have proof of this?

@Goodgollybenholly 3 ай бұрын

yeah, he got caught @@1chish

@Goodgollybenholly 3 ай бұрын

@@1chish yes

@1chish 3 ай бұрын

@@Goodgollybenholly So you don't and are just doubling down on your Slanderous allegation.

@Goodgollybenholly 3 ай бұрын

@@1chish he literally had a criminal conviction for it.

@wtfMYRONL 8 ай бұрын

He dropped out of high school. He has ideas and gets others who are better to do it. Steve Jobs didn't make a damn thing, he told others what he wanted when they said they can't do it, he said why not get it done and they did. But he is the genius and who people remember

@thadapsta 5 ай бұрын

Kudos to that Director.

@semolinasemolina8327 Жыл бұрын

Can you create the company that's going to make a positive difference to people's lives? I love Richard Branson ♥️ he is England 🇬🇧

@nvw2978 4 ай бұрын

Who sues the NHS and ultimately the tax payer, goes to Epstein Island multiple times. He is not England at all….unless that’s the sort of man you look up too. The rest of us who can think for ourselves, don’t.

@stuartmulloy7915 Жыл бұрын

"You dont have to captain the ship you build !! " You can have that Sir

@nigelroddy9125 2 ай бұрын

never let the truth get in the way of a good story...

@joeferreira657 3 ай бұрын

Humble story that anyone can understand. Branson is always ready teach, which you well. 😊

@lewisgreen2957 5 ай бұрын

Nice to see the future owner of the UK NHS looking so well..

@thebenevolentsun6575 5 ай бұрын

I'm more surprised by the fact that the board member thought an analogy was needed to explain a concept as simple as net and gross profit.

@TheInfamousButt 4 ай бұрын

Simple. Love it

@DenkyManner 5 ай бұрын

I'm imagining the guy who took him outside as Eric Morecambe trying to stifle his exasperation

@marksproston9622 4 ай бұрын

What a great man to admit, he didn’t know at all. Remarkable person

@carlosbent5046 Жыл бұрын

Trillionaire attitude 😎✌️

@clemalford9768 3 ай бұрын

Yes and a big profit for you!!!😮

@barbarajackson-shennan8028 5 ай бұрын

Blimey! Staying power is my thing. Steadfast. I've never been a fan of his airline, record store, phone company or any of his endeavours. "To each his own". Choice is a wonderful privilege.

@bekind2047 4 ай бұрын

I think he is perfectly right. And his record shows.

@thomasneumaier4907 5 ай бұрын

Being a leader doesn’t mean being the best at any individual speciality, it’s about managing experts and making decisions based on the information they provide!

@chelseafan4eva 5 ай бұрын

But you at least gotta know the difference between net and gross

@khidaral-mukhtaar7327 4 ай бұрын

“Oh… by the way… you’re fired! … for disrespect!”✅

@shaun5944 Жыл бұрын

I like RB. He makes money and has fun 😊👍🇬🇧🙂

@Fran-or3lt 5 ай бұрын

Man was flying a god damn balloon round the world, and he still uses crayons.

@Ibsonlovesyou 4 ай бұрын

Good to see I got some hope at 34

@bandicoot5412 5 ай бұрын

When your there your there

@cheydinal5401 Жыл бұрын

He isn't saying you don't need to know the basics, he is saying you *very much* need to know the basics and advanced stuff of what your company is actually doing. I.e. if you're selling books, you gotta know how to sell books, if you're doing pharmacy stuff, you gotta know how to do pharmacy stuff. Or if you don't, you need somebody who does know that, and who you can trust, and who can tell you what differenr investments would do with your profits

@ANGELOFDARKification Жыл бұрын

They grill everyone on The Apprentice for not knowing this difference

@hecticfreeze Жыл бұрын

Or maybe this just shows that often those at the top don't really add value to a company and its the workers who really determine whether a company succeeds

@kevanwillis4571 Жыл бұрын

The secret of success is surrounding yourself with people who know what they are doing.

@AdrianMunch 3 ай бұрын

Percentages is all a wealthy person concerns themselves with, After a certain amount of wealth your focus switches from the actual numbers to the percentages of your financial position.

@elliotcollie1797 5 ай бұрын

Fun fact my uncle worked for virgin airlines, one time they all went to a really nice restaurant and Richard Branson was ordering all the most expensive steaks and wine, and then at the end of the meal stood up and said “thank you all for the meal” leaving the staff which consisted of mostly cabin crew to pay the bill, he was a multimillionaire by this point, apparently he did the same thing every staff night never once paid for anything

@davidfortune6739 5 ай бұрын

Always making positive influences on other people's lives

@caio5987 Жыл бұрын

I very much doubt him on this though If he said he was 20 when that happened then sure but 50?

@Targetdummy2013 Жыл бұрын

Love this

@blatitude Жыл бұрын

Why?

@alexforrest4551 5 ай бұрын

He shud have got the national lottery then we wud ave seen more winner . Bless you Richard ❤

@merlinmillion 4 ай бұрын

The best bit is the point they took him outside and did a bloody drawing for him because he didn't understand 😂😂

@mikesimmons2212 Жыл бұрын

Well said richard

@danh5637 5 ай бұрын

The benefits of being an heir never having to learn the fundamentals of business.

@lightningrt434 Жыл бұрын

He must have been involved in the current choice of apprentices in the latest Apprentice Alan Sugar series!

@lesleewatson4266 Жыл бұрын

His management team must love working for this level of creativity. Creativity alone doesn’t create success. His team does. Wowzers, what a cool guy.

@EmperorMingg 5 ай бұрын

It’s also a great idea if you’re a small business, if you pay chartered accountants then you don’t need to know

@mathewhylands2095 4 ай бұрын

For a guy who has slight learning difficulties, money talk!

@MrFermanaghman 2 ай бұрын

Yea… I worked for a man who thought he was the best thing since sliced bread when it came to business, never provided support just used everything to beat you with. Toxic isn’t even close to what he was. Needless to say the business went bust! Unfortunately we all lost our jobs before Christmas.

@JezzBowden Жыл бұрын

He’s correct in that the most important thing is just the desire to create the best company in your sector, however, it’s still shocking that he didn’t know the difference between gross and net!! Any one who has a salary understands this difference! How did he start all those businesses as a kid without ever knowing the difference!!??

@bobgoldman4404 3 ай бұрын

How is that Virgin hyperloop thing going btw ?

@jbug884 2 ай бұрын

Wow, for someone with ADHD like myself, that’s a brilliant way to remember net and gross. I can’t remember words, but never forget images!

@projectdalekmark Жыл бұрын

Net is after overheads such as wages and bills have been paid. Gross is hhe overall money you made. Is this correct? Does net profit also include taxation?

@andrewjones9991 Жыл бұрын

So the real lesson here is outside of being born into wealth, as long as you can show up and be a base level functioning human being, the rest is luck.

@boardmandave 4 ай бұрын

It's kind of important to know how much profit you're making though as a small business owner surely

@steveherridge8965 4 ай бұрын

Positive change to peoples lives...like tons more coke in the market.

@georgeparkin4420 5 ай бұрын

Ive got 3 business ideas that I know have legs. I was about to launch when covid hit. I just want to get them going do I can sell out and raise a large family, off grid

@devilfacedjedi Жыл бұрын

Just goes to show you don’t need to know business to have a business.

@peterfalk7084 3 ай бұрын

Im still trying to understand the different types of net!

@harveylinney 3 ай бұрын

I still don’t know what it means. Fish in a net yeah, but what’s the ocean part? Was there fish in the ocean he drew too? Or was it empty?

@calc2323 4 ай бұрын

Rich people are not better than us. They have no idea what it's like for normal people.

@christianmulingbayan7222 9 ай бұрын

Where is the full interview?

@DanielMLaw Жыл бұрын

No way did he not know the difference between net and gross at age 50. He’s a brilliant innovator and entrepreneur and that’s basic information. But it’s a good story anyway.

@ianbaxter2667 4 ай бұрын

💥P💥E💥A💥D💥O💥A💥L💥E💥R💥T💥

@Bigballs72 3 ай бұрын

I tried to run my business like that just doing a good job for a fair price. The problem is you can’t compete with business doing a crap job for a low price…

@Moshie71 4 ай бұрын

I thought he said “I was in a board meeting when I was 15 yrs old..” then I realised he said 50 yrs old …

@rorymcgrinder477 4 ай бұрын

Paeodo island?

@peternault7040 4 ай бұрын

A friends dad told me they call it the gross because it's gross seeing how much they take away in taxes.

@robertsmelt6638 3 ай бұрын

I've never been impressed with him but to be fair, I've met a few people who worked for him and they all said he's a really nice guy. Clearly not smart in every respect but he admits it.

@kmotch 5 ай бұрын

Nett profit doesn’t matter… I’ll have to share that with my board members so what they think. 😅

@Millennial1993 4 ай бұрын

Profits get taxed growth allows you to borrow more so you don't get taxed

@leewiltshire111 Жыл бұрын

He's dyslexic like myself...!!

@barirwin8559 5 ай бұрын

I was in a leopard skin g-string at EP's place when the call came in

@TheIllynow Жыл бұрын

That's all very well if you have 'staff'

@chriswinter8511 Жыл бұрын

You don't need to know everything to own a good buisness you just need to hire people who do know to lead the different sectors of it.

@JB-qf5ep Жыл бұрын

How do you get the money to be able to hire other people who can make up for your inadequacies? Banks won't give you a loan unless you have a solid business plan, which would naturally have to include the concepts of gross and net. So is the answer 'be rich already'?

@MickyPeers Жыл бұрын

Very brave of him to admit his shortcomings.

@TubaTones Жыл бұрын

And then immediately saying that it doesn’t matter, just be pretentious.

@peterb9407 Жыл бұрын

@@TubaTones did you watch the full interview? It was a pretty humble interview, nothing pretentious about it. He has learning difficulties and outsources the issues he can’t do, to people who can, nothing to do with him being pretentious 😂

@stevencord292 Жыл бұрын

They only preemptively admit to something to cover for something worse

@markashdown1314 Жыл бұрын

He’s a fraud, always has been.

@mikemccaine4229 Жыл бұрын

its bullshit