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European Salon de News, Discussion et Klatsch - 22 November | 92 comments (92 topical, editorial, 0 hidden)
Re: Economy and Finance (none / 1)
Think and Grow Rich works for the already rich. they have ready access to cheap finance, good contacts and have a sense of entitlement that makes them pschologically equipped to deal with issues that would cause others problems.

A good example is Richard Branson. Everybody assumes he started off with nothing, forgetting that he came from the upper middle class with access to considerable resources at low cost (eg the Manor House recording studio for given to him by his aunt).

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Sun Nov 22nd, 2009 at 05:48:22 AM EST
[ Parent ]
Branson's pickle (none / 0)
His father being a high court judge was more important than the money. Richard took quite a few people to court in the early days of Virgin in Portobello Road. BTW The Manor was his property, but he only had a small share of the company that built, ran and owned the studio.

His basic MO until he sold the record division was to fund start-ups according to an agreed business plan that paid him max 12% ROI. (i.e. a very good return), all other profits went to the highly motivated owner/workers. However he was brutal if things didn't go according to plan. But to me this was a very smart plan.

But for all the smart business, Virgin would have disappeared without Tubular Bells.

You can't be me, I'm taken

by Sven Triloqvist on Sun Nov 22nd, 2009 at 07:24:11 AM EST
[ Parent ]

European Salon de News, Discussion et Klatsch - 22 November | 92 comments (92 topical, 0 editorial, 0 hidden)
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