Almost every profession I look at where you require human labor or you require intelligence, I see computers being able to do better than us within the next 10 years. I'm talking about a mass replacement of humans with artificial intelligence and robots.

A key ingredient in innovation is the ability to challenge authority and break rules.

What you want in a mentor is someone who truly cares for you and who will look after your interests and not just their own. When you do come across the right person to mentor you, start by showing them that the time they spend with you is worthwhile.

Business executives need to start by spelling out and communicating their values. Then they need to lead by example. This means getting rid of the bad apples and declining opportunities that bring instant wealth at the cost of selling one's soul.

Doing the right thing doesn't always bring success. But compromising ethics almost always leads to failure.

The truth is that entrepreneurship is more like a roller coaster ride than a cruise.

A key to achieving success is to assemble a strong and stable management team.