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" I might have made more money if I had outsourced to India, and I knew I'd find it easier to hire senior managers in London. But I wanted to be in Stoke. What could be more satisfying than creating work for 3,000 people in my home town? "

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" Mine was quite a working-class childhood with very little money, and my father was out of work a couple of times, which had quite a traumatic effect. "

John Caudwell

Father

Childhood

Mine

" Before I really even understood what the term meant, I wanted to be wealthy. I wanted to be able to drive the beautiful old Rolls-Royces my father admired when I was a child. "

" Sometimes your worst competitors are the ones which are dying because they do stupid things. "

" My second business would have succeeded but for competitors' jealousy. I was selling motorbike gear cheap, but the people I was undercutting complained to the manufacturer and cut off my supply. It showed me how corrupt business can be. When I sold phones, the same thing happened, but this time I was ready. "

John Caudwell

Business

Time

" The power of fear of failure, with will to win, is an incredible force. I don't think we should be worried about having a fear of failure; I think it's quite natural. If you surveyed any top businessman or any top athlete, I bet if they were truthful, they would all say they've got a fear of losing and a fear of failure. "

" It's important to show children love, affection and balance and invest time in their moral upbringing. "

" My favourite thing is to come down to London from my home in Staffordshire in the helicopter and then get my bike out of the back and cycle into London. It's wonderful. "

" In any business opportunity, you'd be looking, probably, primarily at the risk and return. Some business can be very risky with a low return; what you want is the lowest risk with the biggest return. "

" Journalists like to say I started off sweeping the pottery floors. But it was just a short-lived part time job doing that after I left school. "

John Caudwell

Doing

Say

" I didn't want my epitaph to read 'Here lies John Caudwell, billionaire.' I knew that wasn't enough. I've had a charitable instinct all my life, but working gave me no time for it. "

John Caudwell

My Life

Life

" Business is about being the best that you can be, and there are always glowing examples of people that we can all learn from. "

" My father was unwell when I was 11, had a stroke at 14 and died when I was 18. My mother going to work at seven in the morning and coming back to look after him and me and my brother left its mark on me. "

" I make no apology for wanting to make a profit - the more I make, the bigger percentage will go to charity. So most of the work I do now is motivated by that. "

John Caudwell

Now

Charity

" I would be the first to say that while a lack of money can cause misery, money doesn't buy you happiness. "

" I was only 21 when I bought a five-bedroom detached house in Stoke-on-Trent that was way outside of my financial status in life. I did it by borrowing money from my family and the bank, taking out a huge mortgage. "

" My objective is to leave my family adequately catered for, but I want my children to make their own way. I want them to have pride in their own achievements. "

" I'm in the lucky position that I can help a huge amount of people. It's a great privilege and freedom to have. "

" I was bullied at school for my red hair; today I still come out fighting hard. I give as good as I get. In business, it's about finding solutions, not being rolled over. "

" I do want to keep the Wedgewood Collection in place, intact, and open to the public. Selling it off would be a real tragedy. "

" The only really important thing, at the end of the day, is your health. If you haven't got that, then all the money in the world isn't going to bring you happiness. "

" I'm known for value for money. I was brought up to be frugal, and it's definitely a factor in my success. I was born in the Fifties, which was a frugal era, and my family had to be very careful with money out of necessity. "

John Caudwell

Success

Value

" Really good customer service will deliver sales. You are training salesmen to give the best possible advice and then to achieve the sale. People actually like you to ask for a sale because it shows you value their business. "

" I'm a wealth creator. I'm not interested in saving in the least. While I do spend a lot, I don't spend money like other billionaires. I'm probably quite unusual, albeit I do have some of the significant trappings. But I always try to make my assets work for a living. "

" In the early days, I had everything to prove. A very working class lad with a burning ambition. A very crude way of measuring success is how much you are worth. "