His name is synonymous with success. Sir Richard Branson is the perfect example of an individual who never let his limitations stop him from getting what he wants. He founded the Virgin Group of companies and is a business magnate, philanthropist and investor. Having dropped out of school at only 16 years old to build his first business, Richard has decades of experience in the fields of business and life. He has written a number of books detailing his experiences and exploits. Examples of these are 'Business stripped Bare' and 'Screw It, Lets Do It'. Here are lessons we learned from Richard Branson on success and life.

Possessing a Lot of Money and Luxurious Things Does Not Make You Enjoy Your Life More

Money is a great resource to have. It can help you in taking advantage of opportunities that you otherwise could not have. It also contributes to your happiness by helping you to live a comfortable life. Some of the items that money can help you to get include big, beautiful houses, private planes and even yachts. These make your life a lot more comfortable. However, happiness is an independent thing. Sir Richard indicates that you should first seek a business that brings you happiness and the money will follow.

Enjoy What You Do

If you want to be successful at anything, enjoy doing it. This is the same for business. Sir Richard Branson teaches us that if you enjoy doing business, then you will become better at it. This makes you even more successful in your enterprises. If you find that initially you are not so excited about your business, don't worry. You can learn how to enjoy it over time. Take steps to do this and you will be immensely grateful to yourself in the long run.

The First Step to Being a Good Leader Is Actually Liking People

We live in a social world. This means that it is literally impossible to cut off all human contact. Therefore, the ways in which we interact with other people determine our chances and levels of success in life. If you want to be a leader, you should know how to get along with people. You should also know how to bring out the best in them. Encouraging them is one of the leadership responsibilities that is pointed out by Sir Richard. His guiding principle is that you should be a good friend to be a good leader.

Chart Your Own Path by Not Copying or Following

It is well known that Sir Richard Branson is a trailblazer. He enjoys outdoor challenges and he bid for the world record in sailing the Atlantic in 2008. It is always important to ensure that your life is always fresh and new everyday. One of the ways to do this is by being yourself and finding new ways to solve day to day challenges. Find methods to think outside the box, take risks and innovate. This will put you on the fast track to success.

Try to Think Laterally

For most businesses, the sky is the limit. However, your business can grow in more directions than just upwards. Sir Richard Branson used his magazine to get into the business of selling records. This got him enough capital to start a record label and buy a studio. After that, he also purchased a nightclub. He invested his money in complementary industries. This helped his business to grow laterally. His enterprises complemented each other because it was much easier for him to promote his artistes through his own magazine, record shops and nightclub. Find complementary industries or situations in your life and invest your time and money in them.

The Best Way to Learn Is by Falling and Learning How to Avoid That in Future

Children learn how to walk by getting off the seat and stumbling until they can make steps on their own. Breaking the rules is one of the most effective ways to learn. Strive to question the accepted formulae, rules and prescriptions of modern life. By being so inquisitive, you learn a lot and fill your life with excitement and purpose.

Savvy Is More Important Than Formal Education

Savviness is the ability to accomplish tasks using unique talent and skills. These are rarely found in school books or instructional material. It is learned through practical application. By engaging in volunteer work, business ventures or other enterprising activities, you can learn how to be savvy. Savviness is not meant to replace the formal education that you get in school. It is simply meant to amplify it. Learn how to do this and you will be successful in your life or business.

Don't Worry or Get Stressed Out Over Everything

Interestingly, the first piece of advice that we often get when we're facing a problem is not to worry. Stressing and worrying over things only deprives you of energy and can make you sick. We often find that the majority of things that we worry about are not even worth our attention. Sir Richard teaches us that we should stop worrying so much and start living our lives.

In Life and Business, Enemies Can Teach You Much More Than Friends

According to Sir Richard, it is highly beneficial to befriend your enemies. For many people, it is not easy to hide the emotion of dislike. However, if you want to be successful in life or business, you must learn how to befriend your enemies. In most cases, you will find that they possess valuable knowledge that can really assist you in your business endeavors. Thus, remove the enemy label from that adversary and bury the hatchet.

Age Is Just a Number

This is a principle that Sir Richard lives up to every day. He built his first business when he was only 16 years old. It was a magazine known as the Student. 6 years later, he founded Virgin Records. Ever since then, his life has been full of one age-defying business exploit after another. Today, he is in his sixties and thoroughly enjoys activities such as kite-surfing and sailing. From him, we learn that you can achieve anything as long as you put your mind to it.

The Important Take Away

He is one of the most respected billionaires in the world. Sir Richard Branson manages more than 400 companies through the Virgin Group. Above are some of the lessons we learn from him. By applying them in your life or business, you can also etch your name in the annals of history.