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How I Built This with Guy Raz

Virgin: Richard Branson

How I Built This with Guy Raz

Guy Raz | Wondery

Business

4.831.1K Ratings

🗓️ 30 January 2017

⏱️ 35 minutes

🧾️ Download transcript

Summary

Richard Branson took a record shop and built it into a label, a bank, an airline, space tourism, and 200 other businesses — all under the name Virgin. But the serial entrepreneur has also had his share of failures. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0

Hey, Prime Members, you can listen to how I built this early and ad-free on Amazon Music.

0:07.0

Download the app today.

0:09.0

New Year's is here, and with it brings the possibility of change.

0:13.0

As one behavioral scientist put it, first starts are really powerful.

0:17.0

So as you head into 2023, LifeKit is a great resource to help you plan your life and tackle changes, both big and small.

0:24.0

Listen to the LifeKit podcast from NPR.

0:31.0

You know, I find the bank manager sitting on my doorstep, and stupidly I invited him into the house, and he tells me that he's going to close the whole version group down on the Monday.

0:42.0

And I don't normally get angry, but I just literally stood up and pushed him out of my house and told me he wasn't ever welcome there again.

0:51.0

Which is not the best thing to do to your bank manager.

1:02.0

Brahman PR, it's how I built this, a show about innovators, entrepreneurs, idealists, and the stories behind the movements they built.

1:11.0

I'm Guy Razz, and on today's show, the story of how Richard Branson took a record shop and built it into an airline, a bank, space tourism, a cola, and more than 200 other businesses, all under the name Virgin.

1:29.0

When a lot of people think of the word mogul, I suspect many of them would put Richard Branson at or near the top of that list.

1:37.0

His company Virgin is practically everywhere, banks, phones, cruises, trains, planes, spaceships.

1:44.0

But the thing about Richard Branson is that he's also failed, and failed pretty badly at a lot of the businesses he started.

1:52.0

And today on the show, we're going to talk a lot about those failures.

1:56.0

But let's start with Richard Branson as a teenager, a high school dropout who decided to start a magazine.

2:03.0

Well, I started when I was 15, and that was 50 years ago, and in those days the word entrepreneur didn't exist.

2:10.0

And I don't think I would have been that interested in being an entrepreneur.

2:13.0

What I wanted to do was start a magazine to campaign against the Vietnamese War and have a voice for young people.

2:21.0

So I left school to run the magazine.

2:25.0

You launched this magazine, it's called Student Magazine, right?

2:28.0

Yeah. And how did you even know how to typeset the magazine and publish it, and how did you even know how to do that?

...

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