00:12 Eric Schurenberg: There must have been many people who freely advised you that "You can't do that. You'll never be able to succeed at that." How did that make you feel and what did you do about it?
00:21 Richard Branson: Well, I mean the first person who walked me around the garden was my father and he would have been an irresponsible father if he hadn't walked me around the garden and told me of the perils of what I was doing. But he was also a wonderful father and at the end of the walk around the garden, he said, "Look, you know what you want to do at 15. I didn't know what I wanted to do when I was 21. Give it a go, and if it doesn't work out, we'll try to get you a formal education again." And so, basically I got his blessing at the end of the walk. And I think you'll find that most young people with good ideas, they will find that 99% of people will give them every reason why their idea has been done before, or why it's not a good idea or why they're going to fall flat on their face. And in the end, you just got to say, "Screw it, just do it" and get on and try it. And if you fall flat in your face, pick yourself up and try another one, or try it again. And in the end, with enough... If you have enough determination, it's more likely than not that you will succeed because of what you've learned from the occasions when you didn't succeed.
01:46 Branson: You know, I think the most important thing is not to be put off by failure. I mean I will work day and night to avoid failure and if I've tried everything to avoid it, the very next day, we'll pick ourselves up and we'll move forward. Our house was struck by lightning and burnt to the ground. There was nothing we could do about it. Lunchtime the next day, the whole family was sitting down at the table planning the next house and having fun trying to think of how we could make it even better than it was before. And then... So, there's definitely no point in crying over spilt milk, just be positive and see what you can take from it.