You can't run a business without taking risks. The brave may not live forever - but the cautious do not live at all!

I had no plans to be an entrepreneur. I just wanted to be a journalist and write for a magazine. At 15, I just decided to leave school and launch a national student magazine.

I am a great believer that you need passion and energy to create a truly successful business. Remember many new businesses do not make it and running a business will be a tough experience, involving long hours and many hard decisions - it helps to have that passion to keep you going.

Commitment is not letting people down. That's very important in life.

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

I've been taught not to have any regrets. If we were to add up all of the hours spent regretting mistakes and use that time to develop new ideas, who knows how many brilliant new businesses would be created.

Your brand name is only as good as your reputation