With all my employees, I listen to them, trust in them, believe in them, respect them and let them have a go! I never believe I know better than they do and have been fortunate over the years to build up a very strong management team whom I can trust and take advice from.

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

It's obviously incredibly important to keep the body fit in order to keep the mind fit, and be able to find time for friends.

Look, I think that when we started Virgin Atlantic 30 years ago, we had one 747 competing with the airlines that had an average of 300 planes each. Every single one of those have gone bankrupt because they didn't have customer service. They had might, but they didn't have customer service, so customer service is everything in the end.

Free publicity and word of mouth is probably the best and cheapest form of advertising. Learn to use it to your advantage.

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.

Can you afford to ignore China? It's like saying you can afford to ignore the internet. I don't think so.