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.

Starting a business is a huge amount of hard work... You had better enjoy it.

If people are crazy enough to dare, impossible things happen.

I was the kind of entrepreneur that never really felt I made it. When Mike Olefield's "Tubular Bells" [Virgin Records' first release] sold 8 or 10 million copies, I suppose, at age 19, I could've possibly retired on the money. Instead, I immediately pushed the boat and took that risk again.

If you're looking to become an entrepreneur then don't waste your time going to university or business school - just get on and do it.

Don't hesitate to seek external help or advice where need be. Sometimes, it takes an external, emotionally unattached individual to detect your business flaws and render unbiased advice.

Seek out strategic alliances; they are essential to growth and provide resistance to bigger competition.