If the cash runs out, it's like a heart attack for you and your business. Keep that front and centre of your mind, and you will have financial security and not be struggling to pay the bills. Theo Paphitis More Quotes by Theo Paphitis More Quotes From Theo Paphitis 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. Theo Paphitis entrepreneurprayerthinking 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. Theo Paphitis entrepreneurneedsthinking One of the things I preach to all my staff is never be frightened to make a decision. Theo Paphitis stafffrighteneddecision The Internet means everything to everybody and it's growing by the day. You can't survive as a business, especially a small business, without having some form of good Internet presence; whether you're a shop or it's a showcase or just a way to talk to your customers. Theo Paphitis growingmeanway Recession always encourages entrepreneurialism and innovation. It does that every time because when people have no options they look at other things. Theo Paphitis innovationdoepeople The Internet is where we all go to for the first stop of information. It's not the library any more, it's the Internet and if I want to find out about Kate Russell, what do I do? I Google Kate Russell. Simple as that. Theo Paphitis librarygooglesimple 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. Theo Paphitis successfuldreambelieve There are three reasons to be in business. To make money, to have fun – and to make money. Theo Paphitis threebusinessfun You can have a worldwide shop from your bedroom. You can do things that weren't even dreamed of when I started off in business. It's why technology is the most wonderful thing for small businesses. Theo Paphitis small-businesstechnologywonderful Young people are the entrepreneurs of the future, and we should be looking to them as one of our sources of innovation for the high streets of tomorrow. Theo Paphitis futureinnovationtomorrowpeople I don't really sleep until gone midnight anyway. It takes me a while to calm down before my mind allows me to switch off. Theo Paphitis mecalmmindsleep I was useless in the classroom; I would spend my time looking out of the window after the first 10 minutes. But when you do an apprenticeship, you don't have to wait for the teacher to tell you when it's time to start, because you are on the shop floor learning for real. Theo Paphitis youlearningtimeteacher It's called common sense, but it's not common. Most people don't have it. Theo Paphitis sensemostcommon-sensepeople I can walk all day in malls, shopping centres, high streets - I love it. Theo Paphitis walkdayshoppinglove I've always maintained the basic business principles of keeping it simple, doing your homework, hard work, and common sense. Theo Paphitis hard-workbusinesssimplework Great customer service does not come by chance. It is the result of training and ensuring there are enough assistants to serve the customers. Theo Paphitis resultgreatservicetraining Good businesses will survive good times and bad times. Theo Paphitis badgoodbad-timesgood-times Stack the cards in your favour, and in a casino, you'll get arrested and put in prison, but in business and in life, it's the right thing to do. Theo Paphitis youprisonbusinesslife A small business can survive for a while without making a profit, but if its cashflow dries up, the impact is fatal. Theo Paphitis survivesmallimpactbusiness The decisions you make when you leave school define the rest of your life. So, in terms of making the right choices for your financial security as you get older, my best advice is to do something you have an interest in and are passionate about, as you'll be working for a long time. Theo Paphitis bestyoutimelife
