What is an Entrepreneur?
A person who sets up a
business or businesses, and takes on financial risks in hope of making profit.
An example of a Entrepreneur
is Richard Branson. He started off by starting his own youth-culture magazine
called “Student” which sold 50,000 copies. Richard moved to London, and this is
where I started his mail-order record company called Virgin in 1969. He then
expanded his business by opening up a store and then a recording studio in
1972. It soon became one of the top six
record companies in the world with bands such as Sex Pistols and The Rolling
Stones. He then sold the company to THORN EMI for $1 Billion as it was
struggling to stay financially afloat.
He then founded Virgin Radio in 1993 and then started his second record company in 1996 and the Virgin Group now holds more than 200 Companies in more than 30 countries including the UK, USA, and Australia. He then expanded the business to transport such as Trains and Hot-air balloons, which soon became a huge success, as most trains you see now or get to your destination are Virgin trains.
He also started a Space-Tourism company called Virgin Galactic. He released a project with the test launch of SpaceShipTwo. He then started telling tickets for Virgin Galactic’s Voyages so people could go to space for a big price.
He also started his own Virgin Mobile Phone Company. Which also became very successful, also leading to creating Virgin TV. Now Virgin TV is a very big competitor against Sky TV, as it provides a similar system and constantly thinking of new idea’s to try take the lead in the battle between TV companies such as Virgin, Sky & BT. This all lead to Richard Branson being on the Forbes “World Billionaires” list with his $2.5 Billion self made fortune which includes his two private islands.
He then founded Virgin Radio in 1993 and then started his second record company in 1996 and the Virgin Group now holds more than 200 Companies in more than 30 countries including the UK, USA, and Australia. He then expanded the business to transport such as Trains and Hot-air balloons, which soon became a huge success, as most trains you see now or get to your destination are Virgin trains.
He also started a Space-Tourism company called Virgin Galactic. He released a project with the test launch of SpaceShipTwo. He then started telling tickets for Virgin Galactic’s Voyages so people could go to space for a big price.
He also started his own Virgin Mobile Phone Company. Which also became very successful, also leading to creating Virgin TV. Now Virgin TV is a very big competitor against Sky TV, as it provides a similar system and constantly thinking of new idea’s to try take the lead in the battle between TV companies such as Virgin, Sky & BT. This all lead to Richard Branson being on the Forbes “World Billionaires” list with his $2.5 Billion self made fortune which includes his two private islands.
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