Most of our businesses do succeed, but if something completely fails, then as long as we bow out gracefully and pay off all our debts, and nobody gets hurt, then I don't think people disrespect Virgin for trying. The public appreciates someone having a go; it appreciates the attempt. Who's been a success in life who hasn't failed?

The first thing to look for when searching for a great employee is somebody with a personality that fits with your company culture. Most skills can be learned, but it is difficult to train people on their personality.

However small a company, its founders should try to expand people's opportunities and choices.

If something can't be explained on the back of an envelope, it's rubbish.

Sometimes miracles come in pairs.

We've all got to do everything we can to avoid conflicts.

You shouldn’t blindly accept a leader’s advice. You’ve got to question leaders on occasion.