I believe in benevolent dictatorship provided I am the dictator.

The Earth cannot wait 60 years. I want a future for my children and my children's children. The clock is ticking.

So I became a publisher by mistake - well, not quite by mistake, because I wanted to be an editor but I had to make sure the magazine would survive. The point is this: Most businesses fail, so if you're going to succeed, it has to be about more than making money.

Drive, determination, passion and hard work are all free and more valuable than a pot of cash.

I definitely go on gut instinct but it has always had the back up of research and information.

All in all, the internet is a force for good, providing young entrepreneurs with access to an incredible wealth of information, has changed the way we see the world and is also a great source of innovation and entrepreneurial opportunities.

I have had fun running all of the Virgin businesses, so I never see a setback as a bad experience; it is just a learning curve.