Two heads are definitely better than one and by sourcing ideas from each other, you have a better chance of coming up with a strategy that will allow your business to overcome a setback or challenge.

It is only by being bold that you get anywhere. If you are a risk-taker, then the art is to protect the downside.

Find somebody else to run your business on a day-to-day basis.

I want Virgin to be as well-known around the world as Coca-Cola.

It's really important to find an hour or two to a day to make sure that you keep healthy, keep fit. It's very easy just to forget that aspect. And if you're feeling really good and fit, I think you can get two or three extra hours a day of hard work in as well.

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.

The brands that will thrive in the coming years are the ones that have a purpose beyond profit.