When you are ready to make your first hires, look for people who understand your passion, want to add to your ideas and can envision ways to make improvements.

A business can be started with very little money.

To succeed in business you need to be original, but you also need to understand what your customers want.

So I became a publisher by mistake - well, not quite by mistake, because I wanted to be an editor but I had to make sure the magazine would survive. The point is this: Most businesses fail, so if you're going to succeed, it has to be about more than making money.

There is no greater thing you can do with your life and your work than follow your passions – in a way that serves the world and you.

I definitely go on gut instinct but it has always had the back up of research and information.

For a successful entrepreneur it can mean extreme wealth. But with extreme wealth comes extreme responsibility. And the responsibility for me is to invest in creating new businesses, create jobs, employ people, and to put money aside to tackle issues where we can make a difference.