Richard Branson’s Recession Advice
Branson gave advice on youtube from an entrepreneurial perspective
On Large & Small Companies
“I think big companeis are going to retrench and there’s going to be a lot of people laid off from big companies. And therefore, a lot of those people who are laid off can be entrepreneurs in the future, and I think will be the entrepreneurs in the future. There are also going to be a lot of small companies out there that have still got reasonable cash flow and…lines of credit. And I think those kinds of companies and Virgin Included must try to help expand out of this problem, They must look for opportunities, and there will be hundreds of opportunities around. They must get out and employ people. They’re going ot find their cost base is going to be less right now. They’re going to be able to employ people at most liekly slighty at cost ef fective ways than in the past. And I think if thousands of small companies can try to fill in the gaps that some of the bigger companies…”