Entrepreneur
Richard Branson regularly shares his business experience and advice with
readers. Ask him a
question and your query might be the inspiration for a future
column.
Q: I
am an architect and a young entrepreneur. It’s fairly obvious that most of the
world’s great entrepreneurs had issues with their early education. Why is this
the case? --
Akosu Paul
This is a very good
question, and one that I am often asked by students around the world as they
weigh continuing their studies against starting up their own ventures and
diving into the world of business. In addition, many also want to know how I
was able to start my own career while I was a young student struggling with my
schoolwork, and how I eventually got people to take me seriously as an
entrepreneur.
Looking back, I believe
that the qualities that make for a great entrepreneur -- such as boundless
energy, a curious nature and, sometimes, an obstinate streak -- are not often
attributes demonstrated by top students in the classroom. So it should not be
very surprising that many of the world’s great entrepreneurs and business leaders had
difficulties with formal education.
Often, their frustration in
the classroom was a result of impatience: The greats were eager to get out and
build their businesses, which pushed them to drop out of high school or forgo
college in order to follow their dreams. For instance, Walt Disney famously
dropped out of school at age 16 to found his animation company, while the great
American tycoons of the late 19th century -- Andrew Carnegie, Cornelius
Vanderbilt and Thomas Edison -- had little or no formal education before they
set out to seek their fortunes. Some entrepreneurs, including Carnegie and
Henry Ford, the 20th century industrialist, came from impoverished backgrounds
and did not have the support at home to start -- let alone complete -- their
formal educations. Rather, they set up businesses to make ends meet and
eventually flourished.
More recently, the retail
entrepreneurs Philip Green and John Caudwell made their fortunes in the U.K.
after leaving high school and building businesses at young ages. And in the
tech industry, Steve Jobs of
Apple, Michael Dell, the founder of Dell Inc., and Oracle’s Larry Ellison all
dropped out of college to create their companies, and they all reaped the
rewards of getting an early start.
One thing that
entrepreneurs have in common is a talent for seeing things differently. This
allows them to identify important gaps in markets or the need for new sectors
to serve specific customer demands. But this ability often leads budding
entrepreneurs to rebel against the conformity that is common in traditional
education.
I was no exception, and I
have written in previous columns that I was not great at school. I constantly
pushed against rules and authority, and I liked to challenge the way that
things were “always” done. My curiosity often got me into trouble with
teachers.
But it was not just my
attitude that was different -- I had dyslexia. When I was a young student, this
learning disability was poorly researched and was often mistaken for laziness
or a poor ability to learn. At school I was thought to be slow, and indeed I
struggled to keep up. I initially channeled my youthful energy into sport, then
after an injury, I got into early business ventures, which failed to take off.
But my learning disability
has never been a setback -- it actually gave me a great advantage in business,
since I have been able to bring a different perspective to problems and
challenges, which often enables me to see solutions more clearly. For example,
I have always hated jargon, and I am confused by long and wordy drafts of
plans. So in Virgin’s early days, I would ask simple questions that others did
not. Over the years, asking the simple questions and striving to answer them
have become some of Virgin’s most important characteristics.
When I was a young student,
my restlessness and curiosity prompted me to set up Student magazine when I was
just 15. Running the magazine actually served as an entrepreneurial education -
I learned to effectively build a team, sell advertising, create content and
market a product. I was my own boss and never needed to ask permission to try
new things, and if I got things wrong, I did not have to fear the wrath of a
superior. After all, a willingness to try new things and fail is important to
becoming an entrepreneur, yet making mistakes flies against the expectations of
traditional schooling.
So in many ways, my
education has been my career. For almost 50 years, Virgin’s varied collection
of businesses and nonprofits means that I have studied and come to understand
many sectors - aviation, banking, media, hospitality and the fitness industry,
to name a few. More recently, my career has also given me interesting new
perspectives on many significant issues such as climate change, conflict
resolution and global health care.
In the end, solutions to
big problems such as these won’t come from doing school reports, but by getting
out there, asking questions, seeing things differently and finding the answers
ourselves.
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