Growth does not always lead a business to build on success. All too often it converts a highly successful business into a mediocre large business.

Coming up with the bucket list is the easy part, but ticking off the list is the challenge. I love a good challenge, which is why I strongly advise everyone to come up with a bucket list. It doesn't have to contain out of this world tasks. But once you have written down the list, screw it, just do it!

I have learnt more from my failures than my successes.

Having no regrets makes way for the best piece of advice I can give - don't be afraid of failure.

My general attitude to life is to enjoy every minute of every day. I never do anything with a feeling of, 'Oh God, I've got to do this today.'

What we are trying to do at Virgin is not to have one enormous company in one sector under one banner, but to have two hundred or even three hundred separate companies. Each company can stand on its own feet and, in that way, although we've got a brand that links them, if we were to have another tragedy such as that of 11 September - which hurt the airline industry - it would not bring the whole group crashing down.

I also know, as an entrepreneur myself, you face new obstacles every day and you need to have the perseverance to see them through.