A conglomerate being a Group of subsidiary establishments, under a single umbrella is a business dealing, way beyond the ordinary sole-proprietary business, or the partnership business, as owners are faced with the complexity behind its management which could present tedious challenges. There are however few individuals who have really developed this kind of organization to being a successful large-scale business, as well as a colossal income stream, one of them is Richard Branson.
Sir Richard Charles Nicholas Branson, is an investor and business icon who was born on the 18th of July 1950, in Blackheath, London. He lives in his expensive home in Necker Island, British Virgin Islands, in the Caribbean. Branson has been traced to having an Indian descent.
Branson grew up in Buckinghamshire, where he had his secondary education at the Stowe school, but was diagnosed to be suffering from dyslexia, which impaired his educational plight. He went on to say his teacher on the last in school, had predicted that he would in future either become a prisoner, or a very wealthy individual. He since his early days, has had ambitions of becoming an entrepreneur, which saw him start up his first establishment which was a magazine publishing company, at just the age of sixteen, and a year later recorded a profit of over £40,000.
The record label helped record albums of some reputable musicians, and with consistent development, became the biggest independent record label in the globe. This aided him generate a net-worth, of about £5 million by 1979.
Following his status as a multi-millionaire, he decided to diversify and created the Virgin Atlantic Airways, and Virgin Cargo in 1984, then followed the creation of Virgin Hollidays the following year. He however sadly had to sell off his label to keep his airline company running. He is also the owner of Virgin Australia, and Virgin Express, which he had bought which was previously Euro Belgian Airways. Branson also founded the Virgin media which was later sold to the U.K company, NTL for a billion dollar.
Prior to his Virgin Group launch, he had started businesses of sales of both Christmas trees and Australian birds, both of which weren’t successful, but he had the zeal to keep trying new things. His drive to always trying to achieve better, has made him go beyond the ordinary business owner, and develop his company into what is today an empire, and arguably one of the biggest companies in the world.
He developed reading issues from his young age, but he didn’t view it as a factor to impede or deter his dreams, and quest of becoming a successful entrepreneur. He chose to implement hard-work with with tools of persistence, zeal and ambition, and through this has helped grow a categorically small establishment, into a multi-billion dollar organization.