We have to change our culture so you can create wealth from making things and don't just try to make money out of money

I made 5,127 prototypes of my vaccum before I got it right. There were 5,126 failures. But I learned from each one. That’s how I came up with a solution. So I don’t mind failure.

The important thing is to learn from mistakes - something graduates are adept at. Our graduate engineers are working on new technology - from uncharted applications for our digital motor, to a new take on the hand dryer. With an unhindered mind, nothing is off limits.

Nobody wants the expenditure of a lease on a factory which lasts 21 years. You can't plan 21 years ahead.

Companies are not ingenious, it's the people in them that are.

Hire inexperience. This year we plan to hire 200 engineers - half of whom are recent grads. Young people are not burdened by years of experience. They haven't learned - or been told - what is right or wrong. With engineering, there is no tried and tested path. You try, and fail, and fix, and fail again.

There's nothing wrong with things taking time.