Entrepreneurs everywhere look up to Richard Branson.
I mean, the guy is worth over $5 billion.
Well, back in 2015, he turned 65. To celebrate, he created the #ChallengeRichard campaign.
This consisted of 65 challenges to be completed through that year.
Four of those challenges involved writing a letter to different ages of his younger self.
One for his 10-year-old self, one for his 25-year-old self, one for his 50-year-old self, and one for his current (then 65 year old) self.
So what kind of advice would he give himself?
Forbes published excerpts of all four of his letters. Here are some of the highlights that Entrepreneurs everywhere should learn from:
In My Letter To 25 Year-Old Me, Branson encouraged his younger self to stick with his new company, Virgin.
He warned himself about the bumps ahead, but to focus on his goals – even in the face of adversity.
Branson also wrote about the importance of learning from mistakes, and transforming challenges into opportunities.
Here is some of his best advice:
1. “The road ahead is pock-marked with many bumps, chasms and forks. There will be times where you want to give up and throw everything in. Don’t. By turning challenges into opportunities, you will find success you never realised you were capable of achieving.”
2. “But you won’t always succeed. In fact, you will fail time and time again. That’s ok though, because failure is an inevitable part of every personal and entrepreneurial journey.”
3. “It’s important to pick yourself up, retrace your steps, look at what went wrong, and learn from your mistakes.“
4. “Continue to take chances. In the future how ‘lucky’ you are in business will be determined by how willing you are to take calculated risks.”
5. “Don’t let the naysayers deter you.“
6. “Don’t be afraid to delegate responsibility.“
7. “Your ability to take calculated risks and your incurable optimism will lead to great heights – both in business and in life.
You can read more about the #ChallengeRichard letters over at Forbes.
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