One night, I was chatting with a group of 16-year-old girls over a few drinks about a name for the record store ... A bunch of ideas were bounced around, then, as we were all new to business, someone suggested Virgin. It smacked of new and fresh and at the time the word was still slightly risqué, so, thinking it would be an attention-grabber, we went with it.

Your brand name is only as good as your reputation

If people aren't calling you crazy, you aren't thinking big enough.

Protect your reputation. Don't be afraid of making mistakes.

You can't do a good business with a bad person. Find the right people to work with and you can't go wrong.

Be authentic and organic. It can't be forced or it won't work. And most importantly, have fun.

I just like to enjoy life and push myself. Of course, there is method to my madness. When you are entering into a new industry, for example, it helps to do something to get your name on the front pages.