In fact, we have written many business plans on the back of beer mats and envelopes — they have gone on to become successful companies like Virgin Australia.
Being so young, you approach business with total innocence and trust, in some instances this can work in your favour as you are yet to become cynical and your passion is everything.
I eventually got to love the power of Microsoft Excel and the bottom up approach to creating financial forecasts. Combining various Royal Python genetic pattern and colour mutations to produce rare animals which frequently sell for thousands of pounds at a time.
We made tweaks and changes as we went, but it at least gave us a starting point.
Has all this inspired you to start your own business? We quickly discovered that there it a lot of support and advice for writing business plans if you know where to look. Needless to say, it never quite came to fruition - but it was my first time writing out a full business plan. Helen Tupper, head of insight at Virgin Management and co-founder of Amazing If, started her business while still working full-time and has shared her story with Virgin Unite of how she balances running a business and working full-time.
We wanted something new and fresh, so the idea of creating an interschool magazine came to us.
At the time I started my business I was only 12 and had absolutely no idea of how the retail industry worked. John O'Nolan, Ghost.
Every Virgin business, despite covering many different industries, has the same simple core objective at heart: how can we change business for good? We wanted to give our customers more positive banking experiences, so we founded Virgin Money.
My belief in my products and my ability was what kept me going through the difficult times.