Assignment About Entrepreneurship.

Entrepreneurship

Contents
Introduction.................................................................................................................... 2
Entrepreneurship traits...................................................................................................... 2
Opportunity recognition and idea development process 500.....................................4
Competitive advantages..................................................................................................... 5
Conclusion & Recommendation 300................................................................................... 6
Reference...................................................................................................................... 7

Introduction
Background of Richard Branson
Richard Branson was born on 18th July 1950 in London, England. Richard Branson is the founder
of Virgin Group and he is controlling more than 400 companies. He is one of the successful
entrepreneurs in the U.K and he is the 4th richest man in the United Kingdom. In the BBC poll, h
was named in the 100 greatest Britons in the year 2002. He is famous for the adventurous spirit
and sporting achievement (Branson, 2008).
Richard’s father Edward James Branson has worked as a barrister and his mother Eve Branson
was a flight attendant. He has attended the Stowe School till he was 16 and after that, he dropped
out as he was unable to connect with others. He was married in 1989 and has a daughter named
Holly and Son Sam. He owns land in Barbuda and Antigua. He had opened a new school in
Massai mara in 2008 and also he supports many humanitarian causes. He takes the numerous
charitable initiatives for funding the environment-friendly fuel research. He has started his
entrepreneurial career in 1967. He had opened a new school in Massai Mara in 2008 and also he
supports many humanitarian causes. In Life, his strategy is to listen to people and encourage
communication and feedback (Branson, 2008). His core values and beliefs include helping
people in achieving things.
He became a successful entrepreneur at an early age His net worth in 2019 was US$ 4 billion.
He has started his entrepreneurship with Virgin Records and he has faced the ups and downs in
life. He always wanted to be a successful entrepreneur.
Entrepreneurship traits
Entrepreneurship includes the process of creating value by giving efforts by taking financial or
social risks to get personal satisfaction and monetary benefits. Richard Branson's personality is
quiet, serious sensitive and kind. He is loyal and faithful. He is very flexible and open-minded.
His leadership skills at the workplace include employee empowerment and also he always listens
to employees' ideas patiently. He motivates people towards higher performance. He adopts