A good idea for a new business tends not to occur in isolation, and often the window of opportunity is very small. So speed is of the essence.

Most entrepreneurs will admit luck plays a part in success.

I have always believed that the only way to cope with a cash crisis is not to contract but to try to expand out of it.

Values cannot be speedily forgotten if it is inconvenient or commercially expedient. Values have to have meaning and longevity; otherwise they are valueless. You cannot embrace innovation up to a point or only sometimes. Branding demands commitment; commitment to continual re-invention; striking cords with people to stir their emotions; and commitment to imagination. It is easy to be cynical about such things, much harder to be successful.

Create the kind of workplace and company culture that will attract great talent. If you hire brilliant people, they will make work feel more like play.

You need lucky breaks to be successful.

I also know, as an entrepreneur myself, you face new obstacles every day and you need to have the perseverance to see them through.