Richard Branson on navigating tough decisions - Career Advice from Some of the Biggest Names in Business Video Tutorial

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I mean, that one word. So we just had to fight day and night to survive and do everything we could to survive. But I think equally important, 'cause I'm afraid a lot of people will go through this, if you've done everything you can to survive and you don't survive, don't dwell on it and pick yourself up the next day. Work out what you've learned from running the business, brush yourself down, and be ready when COVID is over to start again. And I think there will be a lot of people out there who will be going through that really difficult time at the moment. Bigger companies like Virgin, because we value our reputation, we'll put our hands in our pockets and we'll bail out companies that maybe shouldn't really be bailed out, that financially we should have let them go. But fortunately, we can afford to do that. But I think for smaller business owners, they're at least blessed that in the 18th century, they brought in the ability to collapse the company without it taking people's private homes and so on or being put into prison or whatever. And I think people will respect people who take the tough decision and start again. 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small businesses right now about either how to start, whether to start, or how to survive this very odd time we're in? - Yeah, if I reflect back to when I had my first business, I think that, apart from looking after and motivating one's team, the only thing that mattered was survival. I mean, that one word. So we just had to fight day and night to survive and do everything we could to survive. But I think equally important, 'cause I'm afraid a lot of people will go through this, if you've done everything you can to survive and you don't survive, don't dwell on it and pick yourself up the next day. Work out what you've learned from running the business, brush yourself down, and be ready when COVID is over to start again. And I think there will be a lot of people out there who will be going through that really difficult time at the moment. Bigger companies like Virgin, because we value our reputation, we'll put our hands in our pockets and we'll bail out companies that maybe shouldn't really be bailed out, that financially we should have let them go. But fortunately, we can afford to do that. 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</section> <section class="right-rail papabear:w-right-rail-width papabear:ml-column-gutter mamabear:max-w-[790px] mamabear:px-mobile-container-padding babybear:max-w-[790px] babybear:px-mobile-container-padding"> <section class="table-of-contents mb-4"> <h2 class="table-of-contents__header"> Contents </h2> <ul class="table-of-contents__list"> <li class="toc-section"> <div class="show-more-less"> <button class="show-more-less__button show-more-less__more-button show-more-less-button " aria-expanded="false" data-tracking-control-name="learning-course_toc-section_show_more"> Season 1 <icon class="show-more-less__button--chevron show-more-less-button-icon" data-delayed-url="https://static.licdn.com/aero-v1/sc/h/cyolgscd0imw2ldqppkrb84vo"></icon> </button> <button class="show-more-less__button show-more-less__less-button show-more-less-button show-more-less__button--hide" aria-expanded="false" data-tracking-control-name="learning-course_toc-section_show_more"> Season 1 <icon class="show-more-less__button--chevron show-more-less-button-icon" data-delayed-url="https://static.licdn.com/aero-v1/sc/h/4chtt12k98xwnba1nimld2oyg"></icon> </button> <ul data-max-num-to-show="0" class="show-more-less__list show-more-less__list--hide-after-0" data-impression-id="learning-course_toc-section_show-more-less"> <li class="toc-item"> <a data-tracking-control-name="learning-course_tocItem" data-tracking-will-navigate href="https://www.linkedin.com/learning/career-advice-from-some-of-the-biggest-names-in-business/jamie-dimon-on-how-to-be-successful?autoplay=true&trk=learning-course_tocItem" class="toc-item__link" aria-current="false"> <icon class="table-of-contents__item-status table-of-contents__item-status--unlocked" data-delayed-url="https://static.licdn.com/aero-v1/sc/h/5jwhkytplzxiejvhzfu0t7m8l" data-svg-class-name="table-of-contents__item-status-svg--unlocked"></icon> <div class="table-of-contents__item-details"> <div class="table-of-contents__item-title"> Jamie Dimon on how to be successful </div> <div class="table-of-contents__item-duration"> 3m 30s </div> </div> </a> </li> <li class="toc-item"> <a data-tracking-control-name="learning-course_tocItem" data-tracking-will-navigate href="https://www.linkedin.com/learning/career-advice-from-some-of-the-biggest-names-in-business/indra-nooyi-on-three-things-to-get-you-to-your-aspirational-job?autoplay=true&trk=learning-course_tocItem" class="toc-item__link" aria-current="false"> <icon class="table-of-contents__item-status table-of-contents__item-status--unlocked" data-delayed-url="https://static.licdn.com/aero-v1/sc/h/5jwhkytplzxiejvhzfu0t7m8l" data-svg-class-name="table-of-contents__item-status-svg--unlocked"></icon> <div class="table-of-contents__item-details"> <div class="table-of-contents__item-title"> Indra Nooyi on three things to get you to your aspirational job </div> <div class="table-of-contents__item-duration"> 4m 21s </div> </div> </a> </li> <li class="toc-item"> <a 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href="https://www.linkedin.com/learning/career-advice-from-some-of-the-biggest-names-in-business/meg-whitman-on-success?autoplay=true&trk=learning-course_tocItem" class="toc-item__link" aria-current="false"> <icon class="table-of-contents__item-status table-of-contents__item-status--unlocked" data-delayed-url="https://static.licdn.com/aero-v1/sc/h/5jwhkytplzxiejvhzfu0t7m8l" data-svg-class-name="table-of-contents__item-status-svg--unlocked"></icon> <div class="table-of-contents__item-details"> <div class="table-of-contents__item-title"> Meg Whitman on success </div> <div class="table-of-contents__item-duration"> 3m 11s </div> </div> </a> </li> <li class="toc-item"> <a data-tracking-control-name="learning-course_tocItem" data-tracking-will-navigate href="https://www.linkedin.com/learning/career-advice-from-some-of-the-biggest-names-in-business/marc-lore-on-going-all-in?autoplay=true&trk=learning-course_tocItem" class="toc-item__link" aria-current="false"> <icon 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data-svg-class-name="table-of-contents__item-status-svg--unlocked"></icon> <div class="table-of-contents__item-details"> <div class="table-of-contents__item-title"> Ray Dalio on following your passion </div> <div class="table-of-contents__item-duration"> 3m 3s </div> </div> </a> </li> <li class="toc-item"> <a data-tracking-control-name="learning-course_tocItem" data-tracking-will-navigate href="https://www.linkedin.com/learning/career-advice-from-some-of-the-biggest-names-in-business/oprah-winfrey-on-having-a-vision?autoplay=true&trk=learning-course_tocItem" class="toc-item__link" aria-current="false"> <icon class="table-of-contents__item-status table-of-contents__item-status--unlocked" data-delayed-url="https://static.licdn.com/aero-v1/sc/h/5jwhkytplzxiejvhzfu0t7m8l" data-svg-class-name="table-of-contents__item-status-svg--unlocked"></icon> <div class="table-of-contents__item-details"> <div class="table-of-contents__item-title"> Oprah Winfrey on having a vision </div> <div 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data-js-module-id="link-column-link" data-tracking-control-name="learning-course_browsemap_link" data-tracking-will-navigate> Motion Graphics and VFX </a> </li> <li class="tw-link-column-item"> <a class="link tw-linkster-link" href="https://www.linkedin.com/learning/topics/photography-2?trk=learning-course_browsemap_link" data-js-module-id="link-column-link" data-tracking-control-name="learning-course_browsemap_link" data-tracking-will-navigate> Photography </a> </li> <li class="tw-link-column-item"> <a class="link tw-linkster-link" href="https://www.linkedin.com/learning/topics/product-and-manufacturing?trk=learning-course_browsemap_link" data-js-module-id="link-column-link" data-tracking-control-name="learning-course_browsemap_link" data-tracking-will-navigate> Product and Manufacturing </a> </li> <li class="tw-link-column-item"> <a class="link tw-linkster-link" href="https://www.linkedin.com/learning/topics/user-experience?trk=learning-course_browsemap_link" 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