Clearly in the eyes of the consumer; the brand has not been diluted, but we must guard against that happening at all costs.

I set up this magazine called Student when I was 16, and I didn't do it to make money - I did it because I wanted to edit a magazine. There wasn't a national magazine run by students, for students. I didn't like the way I was being taught at school. I didn't like what was going on in the world, and I wanted to put it right.

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.

Money gives you the freedom to do with your time what you want to do with it

My interest in life comes from setting myself huge, apparently unachievable challenges and trying to rise above them.

As much as you need a strong personality to build a business from scratch, you also must understand the art of delegation.

Unless you dream, you're not going to achieve anything.