“Fortunately we’re not a public company – we’re a private group of companies, and I can do what I want.”
— Richard Branson
Simplified Meaning:
This quote highlights the freedom of running a private business compared to a public one. In a private company, the owner has more control and doesn't have to answer to shareholders or investors on every decision. Think of it like owning a small family restaurant versus a big chain like McDonald’s. The family restaurant owner can change the menu or decor whenever they want without getting approval from a board of directors. They can make decisions quickly, based on their own vision and desires. This flexibility allows them to act swiftly and adapt to new situations, which can be a major advantage in business. So, if you want to follow your own ideas without having to get permission from others, running a private business might be the better option for you.
