Recession always encourages entrepreneurialism and innovation. It does that every time because when people have no options they look at other things.

The thing I preach constantly is do your research; build your knowledge base. Don't just go into business on a whim or a prayer - and don't think 'I'm an entrepreneur so I have to take risks'. Entrepreneurs don't take risks. They take calculated risks; only the good ones.

There are three reasons to be in business. To make money, to have fun – and to make money.

There's an old chestnut that asks whether an entrepreneur is born or made and I think it's a combination of both. You need the talent; without the talent you can't do it.

One of the things I preach to all my staff is never be frightened to make a decision.

Recession always encourages entrepreneurialism and innovation. It does that every time because when people have no options they look at other things.

There's not much difference between a fantasist and a visionary. We all have dreams and without dreams in business, I don't believe you can be successful. The trick is to turn them into reality.