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A
I began to realize that the only place that sold music was these horrible sort of news agents. He had no idea how to start a record company. I went to seven record companies. They all said no. Sir Richard Branson.
B
Today we get to hear from one of the most iconic leaders of our time, Sir Richard Branson, the founder of Virgin Group, airline cruises, hotels, health, entertainment, space. I can go on. And he does all of this with endless sense of adventure and fun. Fun.
A
If I wasn't dyslexic, I wouldn't have created what I've created.
B
When do you feel you needed to access this reserve tank.
A
After that horrible moment where you really feel bad? I think the important thing to remember in those moments when you're down is that by and large, most things, you know, pale into insignificance when you wake up and see the sun coming up.
B
Today we get to hear from one of the most iconic leaders of our time. He has been a personal role model for me for years. Sir Richard Branson is the founder of Virgin Group airline cruises, hotels, health, entertainment, space. I can go on. His focus on impact is incredibly inspiring, as you're going to hear, and he does all of this with endless sense of adventure and fun. Absolutely no clue how you do this all, Richard, but take us back in time to your school days. What was school like for you, Richard?
A
Well, British kids, quite a few of us, were sent away to school when we were seven and a half. It's sort of a very antiquated British system, I suspect, left over from the colonial days when parents were overseas and they sent their kids to boarding school. I remember the first night throwing up in my bed away from home for the first time and the matron coming in and instead of helping me clean it up, made me redo my bed and clean it all up. And that was the sort of taste of what was to come in an English boarding school in those days, but somehow survived. I was dyslexic, which certainly didn't help. So conventional schooling I was not good at and conventional learning, but I had a massive curiosity for what was going on in the world and for life generally. And in the end, I started a magazine for young people and the headmaster said, you can either run the magazine and leave school or you can not run the magazine and stay at school. And it made it very easy for me. So, age 15, I quit school and went out into the real world.
B
So, Richard, I have to go there. So first of all, as a dyslectic kid, to start a magazine, it almost sounds Impossible. And then what did you parents say? Like, if my kid will leave school right now, she's 15, I would freak out. How would everybody react to this?
A
Dealing with the second part of the question. First I walked my father around the garden three or four times. First time I told him I was leaving school. The second time around the garden, he gave me all the reasons why I shouldn't leave school. Third time around the garden, I argued my case fairly forcibly. And the fourth time around the garden, he said, look, you know what you want to do at 15. I didn't know what I wanted to do at 22. Good on you for giving it a go. And if it doesn't succeed, if the magazine doesn't succeed, then I'll do my best to get you an education again. And I gave him a big hug and a kiss and ran off weeping for joy. I was out of school. How can a dyslexic run a magazine? Now, that is a really good question. I think that being dyslexic, I had to find great people to surround myself with. I had to inspire them on the idea. And the idea of the magazine was to reform a very antiquated education system, but also to campaign against the Vietnamese War and the Biafran War. And kids supported that idea and, you know, were willing to come and work with us for a mission. And we got some wonderful people, Max Handley, Jonathan Holland, Gems. Wonderful people around me. So I could do the interviews. I could go off and interview James Baldwin and Jean Paul Sartre and Vanessa Redgrave and get the interviews done. And they could then turn those interviews into eloquent prose for the magazine. And it somehow worked really well.
B
Incredible. And then you also then start of Virgin Records, which is an industry that usually needs massive connections to get started. It almost like you're not afraid of anything. How did that come about?
A
So the magazine was the powerhouse. We started selling nearly 100,000 copies an issue of the magazine. Young people all over the country, I mean, university students, even more than school students, were buying it. And we arranged massive demonstrations against the Vietnamese War. That was one war that Britain wasn't involved in. It was meant primarily America and Australia to an extent. So big marches on the American Embassy. I hate to say it, because we felt it was a really, really unjust war. Most wars are, but that war was palpably unjust. And I began to realize that the only place that sold music was these horrible sort of news agents. Horrible from a music point of view. W.H. smiths and Menge and so we thought, let's create a hip way where people can buy their music and let's sell it cheaper than these stores are selling it at. And so we started, first of all, a little mail order company from the magazine. And we would sell Frank Zapper and Captain Beefheart and not Andy Williams. You know, we put our taste in music into the adverts, and young people flocked and bought their music by post from us. And we would stand outside concert halls handing out leaflets. And a young man came along with a tape and said, richard, he was only 15 himself. Would you consider putting this out? And I said, well, we don't have a record company. So I went to seven record companies and tried to get them to put his music out. They all said no. So I thought, screw it, let's do it. We'll start a record company. I had no idea how to start a record company, but I borrowed a recording contract from a friend called Sandy Denny, who had a recording career with Island Records. We typed up her recording contract, we crossed out her name, we put Mike Oldfield's name instead. And Mike Oldfield had his first contract and we had our first artist. Then we set about working out how to distribute the records. And John Peale, who was the most influential disc jockey in England from Radio 1, I invited him over to my houseboat and I played him Mike Oldfield's Tubular Bells. And he sat there entranced for 45 minutes, and it was just deathly hush when the album finished. And he said, richard, I've never done this before, but I'm going to play the whole album on my show tonight. And he played the whole album and Tubular Bells went to number one and it became the biggest selling album. Knocked Dark side of the Moon from Pink Floyd into number two place, and Virgin Records was born and Mike Oldfield became a sensational hit artist. Some people, you know, sadly, in some ways, the Exorcist picked up on bits of its music. And so a lot of people associate it with the film the Exorcist, but people should just listen to this beautiful, haunting music. And then his third album, Omidawn, is gorgeous as well. But anyway, that was the start of our record company. And we went on, you know, I think, because we were willing to take risks. We signed the Sex Pistols, Boy George, Culture Club, Human League, xcc, a lot of very credible bands, Peter Gabriel, Genesis. Then we attracted the Janet Jacksons and the Rolling Stones and David Bowie and a lot of formidable artists who then came and signed with us as well and became the Biggest independent record label in the world and Lenny Kravitz in America and so on. So it was a very exciting time.
B
It sounds incredible, but the screw it, let's do it theme has continued also to airlines, right? And you just one day decide to start an airline, which is really crazy. Richard, can you share that for a second?
A
Literally, I was in Puerto Rico sitting on an American Airlines plane trying to get to the Virgin Islands, and the pilot came on the speaker and said, very sorry, the pilots that be have said there are not enough passengers on board. Can you all come back at 7:00 in the morning? Now, I had a gorgeous girl who I just met called Joan waiting in the British Virgin Islands, and I'd been away for three weeks and I was determined to see her that night. So I went to the back of the airport and I hoped my credit card wouldn't bounce. I was only 28 years old. I gave them the credit card, hired a plane, borrowed a blackboard, and as a joke, I wrote Virgin airlines one way, $39 to the BVI and went out to all the people who got bumped. And I sold out my first plane. So then the next day, having got to the BVI that night, I won't go into the details about that night. Next day I rang Boeing and said, my name is Richard Branson. Do you have any secondhand 747s for sale? And the head salesman for Boeing said, what did you call the airline? And I said, virgin Airlines. He said, well, look, as long as you don't call it Virgin, if you're going to get to take a plane office, I'll come and see you. Because if you call it Virgin, nobody would ever book an airline called Virgin because they would assume that you wouldn't go the whole way. So he came by, we got our first 747. That was 40 years ago this year. And Virgin Atlantic was born and has been through lots of turbulence, but unbelievably is still alive and going strong despite 911 and the 2007, 2008 crash and the COVID And it's had everything thrown at it, but we've got the most wonderful team of people who work for it and people seem to love to fly it and it's been a big success story.
B
I know, and I can probably talk to you for hours about it, but I want to talk impact for a second because this is such a crazy story. When I visited Necker, which is your private island in Ulusaba, your magical place in South Africa, you mentioned a type of impact I never thought or never heard of. And basically your impact is that you are able to call almost anyone in the world or anyone in the world. And one of the crazy stories that you told is reaching out to Saddam Hussein, which you also share in your audiobook. Can you share that story? It's a crazy story.
A
I think that entrepreneurs, if you're an entrepreneur creating businesses, you can be an entrepreneur trying to solve some of the problems of the world. And I suspect most of us should be, especially as we get to a stage in our lives where we've got global reach. And so on this occasion, we saw Saddam Hussein had taken some hostages as a bargaining chip. And there were kids there and there were elderly and some hostages that were very ill. And I knew the King of Jordan. I went to see him in Jordan, and he wrote a letter to Saddam that I drafted, and he translated it. And basically it said we'd be willing to fly in with one of our 747s full of medical supplies for his country if we could fly out with the hostages. And he agreed. And three days later, we flew into this very dark airport of Baghdad. We were the first plane to land there in three years. The last plane was a British Airways plane that was blown up at the end of the Runway. So it was a dark and interesting night. And we met Saddam at the airport, and we swapped hostages for medical supplies. And then fast forward to the second Gulf War, just as it was coming close to happening. I was against the second Gulf War. I think George Bush Senior was absolutely right in not going into Baghdad. And there was no good excuse for the second Gulf War. There was no reason for it. And it was nothing to do with 9, 11. That was Saudis, not Iraqis. And so I thought maybe we could try to persuade Saddam Hussein to step down from Iraq, which would take the excuse of the war away from the allied forces. So I went and saw the King of Jordan again, and he again contacted Saddam Hussein. And we got word back that he would be willing to leave and go and live in Libya for the rest of his life with his family if we could find an elder or two to fly out with him of the stature of somebody like Nelson Mandela, so he could fly out with his head held high. And so I then contacted Mandela. I didn't know very well, but he agreed to go. But he also wanted Kofi Annan, who was Secretary General of the United nations, to come with him. Contacted Kofi Annan again. I didn't know him at that time, but after about a few days, managed to talk to him directly and he agreed to go with Mandela. And we got a plane to South Africa. The flight was about to take place, and very sadly, the bombing started and it never happened. But what it did teach us was if an elder or two could stop a war, then maybe we should form a group of elders to try to stop future conflicts. And so Mandela agreed to be the founding elder of the elders. Ko Phi Annan agreed to join. Archbishop Tutu joined. Mary Robinson. Ban Ki Moon subsequently joined. And anyway, wonderful group of 12 men and women, and they've done wonderful work since forming and have stopped some conflicts and are still working very, very hard, obviously, on things like Israel, Palestine and other conflicts that are going on around the world, like the Congo. So it was an interesting time.
B
And for everybody listening, you listening to me now, pause for a second and download this Audible audiobook, losing and Finding My Virginity. I promise it will give you a different perspective to business, to life, to. It's incredible. And, Richard, in your brilliant audiobook, you have an amazing quote that actually I use it a lot, and it basically says something like, in the dark moments, we all need to pick ourselves up and keep going. Developing mental toughness isn't just about being resilient. It's about accessing your reserve tanks when you just can't go any further, which is so inspiring and true for me. When do you feel you needed to access this reserve tank?
A
We have this bike ride on the island next to us on Necker. It's actually steeper than a Tour de France ride.
B
So it's a nightmare. It's a nightmare. It's insane, Richard. It's insane. Absolutely not allowed. Yes.
A
And people get into hysterics just like that. Well, what I tell people just before they go is your brain will tell you as you're halfway up the hill, enough. Absolutely enough. I'm not going to go any further. At the same time that your body is definitely capable of going further. So don't listen to the brain. Look at the floor 10ft ahead. Don't look up, because if you look up, you're going to see this steep hill ahead of you. It'll look pretty flat if you look just 10ft ahead and keep plowing on. And I think that's a pretty good metaphor for life as well. We're all going to have moments where we're down. I think the important thing to remember on those moments when you're down is that two or three days after that horrible moment where you really feel bad that you'll wonder why you were having a sleepless night three or four nights earlier. Was it really worth a sleepless night over? And by and large, most things pale into insignificance when you wake up and see the sun coming up and what a beautiful world we live in. And so I think we've all got to be as positive as possible. I think I'm at an age where being fit is really important, and I enjoy getting fit. I mean, I love playing tennis early in the mornings and I love playing tennis in the evenings. I love going kiting, I love riding bikes. If I go to the gym, I'll go with somebody who's fun and will crack dirty jokes for half an hour. And it's certainly worthwhile trying to keep oneself in shape, if one can. Life's the fun for it.
B
I know. And I would crack some jokes about you making me swim for four and a half kilometers. But how has dyslexia created the person that you are today? And what do you want others to know about through dyslexic you that you just launched, like, what do you want people to know?
A
I'm a dyslexic thinker and I'm proud of being dyslexic. And I think that dyslexic kids, parents out there who've got dyslexic kids, should not fret and worry about it, because I think being dyslexic, we think differently to an extent than some other people. I think dyslexic people are often more imaginative. And what you need to do is let dyslexic kids flourish at the things they're good at, the other things they'll catch up on. And with AI, you could argue they don't even need to catch up on some of these things. They can just tap onto AI later on in life to find the things that they've missed out on. I think if I wasn't dyslexic, I wouldn't be sitting here today and I wouldn't have created what I've created. So I'm very thankful for it and for all those who are not dyslexic, we'll find a good psychiatrist to send you to compensate for the fact that you're not dyslexic.
B
For sure. And for all of you not dyslexic, you still have hope, that's what you're saying.
A
We'll help you. We'll sort you out.
B
Don't worry. Richard, seriously, being around somebody like you that inspires so much good in the world but also inspires everybody to think bigger and higher and aim for bigger things in life has been incredible. So all I would say is thank you for everything that you're doing and for sharing it with people like me and all my listeners and I'll just say to everybody else, seriously, pause for a second, download the audiobook because it will change your perspective. Richard, anything less that you want to share with us?
A
I just want to say that I've been had the privilege of getting to know Ilana because she's come to NECA on a few occasions. Her smile is infectious and she's just a delight to be around and her podcasts are great and looking forward to your next one anyway and look forward to seeing you again soon and you're also very adventurous. I hear you just signed up to the next Drive challenge so that's pretty full on.
B
Thank you for everything.
A
Lovely to talk to you. Cheers.
Leap Academy Podcast with Ilana Golan Episode: Richard Branson: The Journey to a Multi-Billion Dollar Empire Release Date: November 12, 2024
The latest episode of Leap Academy with Ilana Golan features an in-depth conversation with Sir Richard Branson, the legendary founder of the Virgin Group. Known for his adventurous spirit and entrepreneurial prowess, Branson shares his remarkable journey—from his challenging school days to building a global empire encompassing music, airlines, and beyond. This detailed summary captures the essence of their dialogue, highlighting key topics, insightful discussions, and inspiring conclusions.
Sir Richard Branson opens up about his formative years, providing a candid look into his struggles and early signs of his entrepreneurial drive.
Challenges of Boarding School
Branson recounts his experiences with the British boarding school system, highlighting the rigid and often punitive environment.
"I remember the first night throwing up in my bed away from home for the first time and the matron coming in and instead of helping me clean it up, made me redo my bed and clean it all up."
[01:43]
Dyslexia and Alternative Learning
Diagnosed with dyslexia, Branson explains how traditional education methods stifled his creativity but also sparked his determination to forge his own path.
"If I wasn't dyslexic, I wouldn't have created what I've created."
[00:32]
Quitting School at 15
At age 15, Branson made the pivotal decision to leave school and enter the real world, driven by his passion for creating a magazine for young people.
"Age 15, I quit school and went out into the real world."
[01:11]
Branson delves into the origins of Virgin Records, illustrating his fearless approach to entrepreneurship.
Starting with a Magazine
Leveraging the success of his magazine, which sold nearly 100,000 copies per issue, Branson identified a gap in the music retail market dominated by traditional newsagents.
"We thought, let's create a hip way where people can buy their music and let's sell it cheaper than these stores are selling it at."
[05:05]
The “Screw It, Let's Do It” Mentality
Faced with refusal from seven record companies to sign a young artist, Mike Oldfield, Branson took matters into his own hands.
"I went to seven record companies and tried to get them to put his music out. They all said no. So I thought, screw it, let's do it."
[05:05]
Breakthrough with Tubular Bells
Branson recounts the breakthrough moment when Mike Oldfield’s Tubular Bells captivated a key DJ, leading to its massive success and establishing Virgin Records as a formidable independent label.
"He played the whole album and Tubular Bells went to number one and it became the biggest selling album."
[05:43]
Transitioning from music, Branson shares the story behind Virgin Atlantic, demonstrating his relentless pursuit of new ventures.
The Birth of Virgin Atlantic
A personal anecdote about being bumped from an American Airlines flight inspired Branson to create his own airline, emphasizing his spontaneous and opportunistic business style.
"I wrote Virgin airlines one way, $39 to the BVI and went out to all the people who got bumped. And I sold out my first plane."
[09:01]
Overcoming Challenges
Despite numerous challenges, including geopolitical events and economic downturns, Virgin Atlantic has thrived under Branson’s leadership.
"Virgin Atlantic was born and has been through lots of turbulence, but unbelievably is still alive and going strong..."
[09:01]
Branson discusses his efforts to leverage his entrepreneurial success for humanitarian purposes, showcasing his commitment to global impact.
Negotiating with Saddam Hussein
In an extraordinary venture, Branson narrates his role in negotiating with Saddam Hussein to secure the release of hostages in exchange for medical supplies.
"We flew into this very dark airport of Baghdad... and we met Saddam at the airport, and we swapped hostages for medical supplies."
[11:38]
Formation of The Elders
Inspired by his peace efforts, Branson describes the creation of The Elders—a group of global leaders dedicated to preventing conflicts.
"Mandela agreed to be the founding elder of the elders... they've done wonderful work since forming and have stopped some conflicts."
[15:08]
The conversation shifts to personal resilience, with Branson sharing strategies to navigate difficult times.
Accessing the Reserve Tank
Branson uses the metaphor of a strenuous bike ride to illustrate mental toughness, emphasizing the importance of pushing beyond perceived limits.
"Your brain will tell you as you're halfway up the hill, enough. Absolutely enough. I'm not going to go any further... Keep plowing on."
[16:12]
Perspective on Adversity
He highlights the transient nature of challenges, advising listeners to maintain a positive outlook and recognizing that most problems lose their significance over time.
"Most things, you know, pale into insignificance when you wake up and see the sun coming up."
[16:12]
Branson reflects on how his dyslexia has been a cornerstone of his innovative thinking and success.
Proud to Be Dyslexic
Emphasizing the unique strengths that come with dyslexia, Branson encourages others to embrace their differences and leverage their unique perspectives.
"I'm a dyslexic thinker and I'm proud of being dyslexic."
[17:59]
Advice for Dyslexic Individuals
He advises dyslexic individuals and their parents to focus on nurturing their strengths while using tools like AI to overcome challenges in areas that are less intuitive.
"Let dyslexic kids flourish at the things they're good at... With AI, you could argue they don't even need to catch up on some of these things."
[17:59]
As the podcast concludes, both Branson and Golan share heartfelt reflections and mutual respect.
Encouragement to Listen
Branson endorses the importance of continuous learning and self-improvement, subtly promoting his audiobook as a resource for listeners.
"Pause for a second and download this Audible audiobook, Losing and Finding My Virginity. I promise it will give you a different perspective to business, to life."
[15:08]
Final Words
Branson extends personal compliments to Ilana Golan, highlighting his appreciation for her infectious positivity and adventurous spirit.
"I've been had the privilege of getting to know Ilana because she's come to NECA on a few occasions... you're also very adventurous."
[19:40]
"If I wasn't dyslexic, I wouldn't have created what I've created."
[00:32]
"Age 15, I quit school and went out into the real world."
[01:11]
"I went to seven record companies and tried to get them to put his music out. They all said no. So I thought, screw it, let's do it."
[05:05]
"Your brain will tell you as you're halfway up the hill, enough... Keep plowing on."
[16:12]
"I'm a dyslexic thinker and I'm proud of being dyslexic."
[17:59]
This episode of Leap Academy not only chronicles Richard Branson’s extraordinary achievements but also serves as an inspiring blueprint for aspiring entrepreneurs and leaders. His candid reflections on personal struggles, coupled with his relentless drive to make a global impact, offer invaluable lessons on building a life of purpose and adventure.