Later he started his own Airways service Virgin Airways. He has confidence in his own work. Related: Branson: Virgin might make an electric car. While he selects a person, he needs to select a perfect one. While hiring, at first he checks the weakness of that person. Few of his renounced projects are Youth culture magazine The Student, Virgin Airways, Virgin Records, and Virgin Radio. This post discusses the leadership skills and qualities of Richard Branson that helped him achieve success. He says, “If you ask any successful business person, they will always say they have had a great mentor at some point of the road”. Sheikh Faizul Haque is an internet entrepreneur and the founder of The Strategy Watch; Graduated from North South University with a double major in Accounting & Finance in Bangladesh. He has introduced more than 400 companies. But opting out of some of these cookies may have an effect on your browsing experience. Be visible, note down what you hear and you’ll be surprised how much you learn,” Richard Branson advised. He prioritizes the personality over the educational background. These cookies do not store any personal information. 2. For example, he recruits an individual person for individual jobs. No matter what, as a leader you need to be very attentive to the words which are being delivered by your followers. he mentioned himself as a collaborative and democratic person. Business. That includes removing the kind of jargon that consumers loath in financial-services companies. He searches for the best person for a specific type of job and recruits him/her. Richard Branson strongly believes in the process of mentorship. He believes, people should be given freedom, and he acts accordingly. Believes in Mentorship: Mentors are the great teachers. One of the most risk taker investors is Richard Branson without any doubt. Richard Branson: Dyslexia got me where I am today by Matt Egan @MattEganCNN May 8, 2015: 6:19 AM ET Before he created a business empire, Richard Branson grappled with dyslexia. Don't need to be a financial genius: Branson said that as recently as 14 years ago he had a tendency to respond to figures presented at meetings with the question: "Is that good news or is that bad news?". Necessary cookies are absolutely essential for the website to function properly. CNN Sans™ & © 2016 Cable News Network. Richard Branson can easily learn about different types of personality and their expertise. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. Richard Branson believes in the delegation. Recently, he has launched his new idea commercial space traveling. And he is very much confident about making this kind of decisions. "We have a test: If Richard can understand it, then anyone can understand it," Branson told the audience of hedge-fund managers. Being the founder of Virgin does not make one the most successful person rather adapt to the current times makes one a successful leader. Disclaimer. This website uses cookies to improve your experience. While talking with Forbes, he claimed that learning and leadership skills go hand in hand. While talking with Forbes, he claimed that learning and leadership skills go hand in hand. Yes, he always says “Yes” to almost everything. Adaptability Skill: As a leader and entrepreneur, Richard Branson has the skill of adapting himself to an unknown environment. And he is very much confident about making this kind of decisions. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. When he select a person for his business, he can do it very easily as he knows about different types of personality. We'll assume you're ok with this, but you can opt-out if you wish. Risk Taking Capability: One of the most risk taker investors is Richard Branson without any doubt. High Confidence Level: He is a highly confident person. He told about his own leadership approach in that interview. Mentors are the great teachers. The Virgin Group is a global, growth investor founded by Richard Branson.