Chapter
Starting a Magazine and Record Store Business
15:15 - 21:31 (06:15)
The founder talks about how he started a magazine and record store business by collaborating with influential figures and targeting the youth who appreciated good taste in music. They also discuss the consequences faced while running the business.
Clips
Richard Branson started a campaigning magazine in his school days and managed to garner enough advertising revenue to cover printing and paper costs of the first issue.
15:15 - 19:34 (04:18)
Richard Branson
Summary
Richard Branson started a campaigning magazine in his school days and managed to garner enough advertising revenue to cover printing and paper costs of the first issue. Later, they began a mail-order company selling music at cheaper rates and named it Virgin Records, leading up to a night in prison due to tax issues.
ChapterStarting a Magazine and Record Store Business
Episode#272: Sir Richard Branson — The Billionaire Maverick of the Virgin Empire
PodcastThe Tim Ferriss Show
A music record business mistake of selling papers to avoid paying taxes led to the opening of 30-40 record stores, saving Richard Branson from a criminal record and time in prison.
19:34 - 21:31 (01:56)
Richard Branson
Summary
A music record business mistake of selling papers to avoid paying taxes led to the opening of 30-40 record stores, saving Richard Branson from a criminal record and time in prison.