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.

I am a great believer that you need passion and energy to create a truly successful business.

We should all seek to innovate, or be curious about innovation. Innovation truly is one of our greatest gifts.

Don't be afraid to take that leap into the unknown.

Past failures unlock future successes

Every success story is a tale of constant adaption, revision and change. A company that stands still will soon be forgotten. Trying to provoke positive change is a principle we've embedded across the Virgin family for more than four decades.

Most entrepreneurs will admit luck plays a part in success.