For a successful entrepreneur it can mean extreme wealth. But with extreme wealth comes extreme responsibility. And the responsibility for me is to invest in creating new businesses, create jobs, employ people, and to put money aside to tackle issues where we can make a difference.

And if after all this you eventually fail; don't take it personal. Don't be ashamed to start all over again.

Follow your instincts and live with the consequences.

Education doesn't just take place in stuffy classrooms and university buildings, it can happen everywhere, every day to every person.

Many assume my business success has brought me happiness. But the way I see it, I am successful because I am happy.

The years I would have spent at University, I spent building Student Magazine and Virgin Records. For me that was far more fun and satisfying. I have treated everyday as the University education I never had and think I learnt more about business and life than I would have at University in the process.

The funny thing is people won't let me pay for things. I'll be in a restaurant and the manager will say, 'Oh no, it's on the house.'