Richard Branson's 5 Rules for Good Business

BY Richard Branson |

inShare187

Photo courtesy of Getty Images

During a recent radio interview on the BBC, the host asked me what advice I would give to young people who want to start their own businesses. In the 46 years since I launched Student magazine, the world has certainly changed. The uncertain economic outlook and the relentless pace of technological advances make replicating Virgin’s success much more challenging for today’s young entrepreneur.

At Student magazine, we expressed our opposition to the

What Olympic Athletes Can Teach Entrepreneurs

Elite athletes encounter many of the same mental challenges that successful entrepreneurs face on a daily basis, according to JoAnn Dahlkoetter, a sports and performance psychologist in San Carlo, Calif. She should know.

Comstock Image | Getty Images

In addition to coaching business leaders, Dahlkoetter currently counts five Olympic gold medalists as her clients. She finds that many of the same strategies athletes use to outwit mental obstacles work in business as well.

Here's her advice for overcoming three of the most vexing psychological challenges, whether you're a startup or established entrepreneur looking to grow.

Challenge No. 1 — Negative thinking

Slumps happen in athletics, business, and life. Start asking positive

Free Online Business

Are you looking to start a business online for free? If so then continue to read this and I will explain one way you can go about doing this. There are hundreds of millions of people on the internet and most of them are purchaing product over the internet. If you could have a product online selling to those buyers what would you be willing to do to have it??? I ask this because an online business, whether free or not, takes dedication, time, and the willingness to learn and do on your own.

Finding a niche is the first step you must take in order to start your business. This niche can be anything from a hobby to an insurance company. You do not have to have a great deal of knowledge about the niche you are looking at to start your business, but you should learn about it so you are able to market your business