A self-proclaimed poor student who suffered from dyslexia,
Branson made his mark in high school by starting an alternative
school newspaper called Student with his friend Jonny
Gems. From the start, he showed an aptitude for business,
something that soon manifested itself in his bid to get local
businesses to buy advertising space to offset the cost of
producing the paper. Soon, the newspaper became an
all-encompassing passion, forcing him to drop out of school,
with the headmaster commenting, "Branson, you’ll either
wind up a convict or a millionaire."
A jail experience
happened too, albeit for a very short while. But it was while
working on Student, that Branson geared up to face some
of the real issues of his time. He started the Student Advisory
Centre to help young people with problems, ranging from teen
pregnancy to suicidal tendencies. This marked the beginning of a
lifetime of charitable endeavours that happened to be just about
as controversial and non-traditional as his business ventures.
His Student days
also served as a platform to launch a discount mail-order music
company. Branson used the paper’s growing circulation as a
base. The venture quickly took off, but a postal strike
illustrated how dependent he was on the post office to deliver
the orders. That prompted him to open a retail music store. At a
time when music stores in the United Kingdom were stuffiness
personified, Branson thought that if his store had an inviting
atmosphere, comfortable chairs and sofas to lounge in, and
listening stations, then young people would congregate and talk
about music. And they would buy more records.
As the retail store began to monopolise his time, Student
ran its last edition. As the business enjoyed continued
prosperity — leading to a chain of stores across the country
— Branson bought a recording studio outside London and began
renting it out to musicians and bands to record their music.
Branson eventually
started his own record label, Virgin Music, and the label’s
first artist was Mike Oldfield and his album Tubular Bells.
Oldfield became one of the best-selling artists of the mid-70s.
The signing of Boy George and Culture Club gave Virgin Music its
first breakthrough.
Branson pursued
his hobbies with the same enthusiasm and passion as his business
ventures. He and a friend broke the record for crossing the
Atlantic in a speed boat, which led to his teaming with Swedish
balloonist Per Lindstrom to attempt crossing the Atlantic in a
hot air balloon. Their first attempt ended in the Irish Sea.
Undeterred, they set their sights higher: Ballooning around the
world. On their first attempt, they began in
Japan and wound up crashing in the Canadian wilderness in the
middle of a blizzard. Perhaps Branson’s biggest gamble was
Virgin Atlantic Airways.
He daringly took
on the long-established British Airways, accusing them of
monopoly and unfair business practices. Branson eventually won a
sizable out-of-court settlement from British Airways. The
strength of Losing my Virginity is Branson’s modesty
and honesty. He speaks frankly about his life and sets at rest
once and for all the criticism heaped on him for being a
showman. His reason for using his personality is quite simply to
promote the branding for Virgin. As he explains, "Sometimes
in the line of duty, you have to make a fool of yourself".
Surprisingly, Branson comes off as a lovable underdog battling
the establishment, instead of a spoiled tycoon.
Then there are
tons of sobering thoughts as well. For instance, once on his
early morning jog, he ran into his local butcher, who offered
him this advice, "I see you playing with your son and you
obviously love having each other around. You’ve proved
everything you need to prove. Don’t be selfish. You owe it to
your son not to go and kill yourself. So stop this high altitude
ballooning-round-the-world idea."
"I went back
home feeling utterly chastened. I realised that it was one thing
to put my business at risk, but another to put my family in
jeopardy. Harry’s comments had made me realise that I was
taking them for granted and being selfish."
All this and a whole lot more make his autobiography a
difficult-to-put-down book.
And for those of
you who are looking forward to more delights from Branson, thee’s
good news. In the introduction he explains that Losing My
Virginity is the first volume of his autobiography, which
takes him up to his early 40s. How Branson will reinvent
middle-age and retirement would certainly make for a compelling
sequel.
|