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" If you really want to sort out the High Street, you ask someone like Kate Swann at WHSmith, who has done a fantastic job of running profitable shops. "
Theo Paphitis
You
Street
Done
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" I try to support local traders. The service makes up for any extra cost. "
Theo Paphitis
Up
Cost
Local
" When I was on 'Dragons' Den,' most of the letters I received were from people under 16. They wrote about their ideas, their views, their challenges. The audience is actually a very young audience. "
Theo Paphitis
People
Challenges
Ideas
" I'm not into cats; they aren't my bag. "
Theo Paphitis
Cats
Bag
" I love the English language, but I'm crap at it, so I might as well do what I'm good at. The same goes for my kids, who are also dyslexic. I won't pressure them to do anything. They've each got a trust and a mortgage-free property, which is a lot more than I had, so I know they will always be fine. "
Theo Paphitis
Pressure
Language
Love
" Small does not mean insignificant. "
Theo Paphitis
Insignificant
Small
Does
" I'm a traditionalist, a family man. I love my kids. I believe I have brought them up the right way. They are all very different: they have different drives, different ambitions. They are never going to be me. They are going to be themselves. "
Theo Paphitis
Love
Way
Me
" I am the most conservative person you will ever come across, and that's because I'm good at reducing risks while leaving the potential rewards high. "
Theo Paphitis
Risks
Will
You
" If you cannot bore your friends to death about your own small business, then something is seriously wrong. "
Theo Paphitis
Small
Business
Death
" Entrepreneurship is just one thing that needs to be in schools. "
Theo Paphitis
Needs
Entrepreneurship
Just
" Women have to work harder to be in the same position as a fella because they often have to balance work with running a family. "
Theo Paphitis
Work
Family
Running
" We survived for hundreds of years under the old banking structure. You'd have clearing banks, then merchant banks doing the racy stuff, and then building societies where you'd join a waiting list for a mortgage. But then banks started buying stockbrokers, doing mortgages, and you ended up with these big banking groups doing everything. "
Theo Paphitis
Building
You
Waiting
" I used to see Triumph TR7s and E-Type Jags, and I used to think, 'One day, I'm gonna have one of those.' I remember seeing an E-Type and walking round it 40 or 50 times. "
Theo Paphitis
Remember
Day
Think
" My family's challenges meant we lived hand to mouth. There were weeks when we had neither electricity nor heating. "
Theo Paphitis
Electricity
Mouth
Family
" I liked Tom Bower's biography of Bernie Ecclestone, the former Formula 1 boss. "
Theo Paphitis
Liked
Former
Formula
" Retail is my game. I spend every waking hour thinking about it. I started in the industry at the age of 18 after trying various other things that were mind-numbingly boring to me. "
Theo Paphitis
Age
Me
Thinking
" In the 1960s, my first-generation immigrant parents were gifted the olive branch of a blue British passport when working for the British Army in Cyprus. It completely transformed the Paphitis story. "
Theo Paphitis
Army
Blue
Immigrant
" Take calculated risks and limit your downside. "
Theo Paphitis
Risks
Take
Calculated
" No major technological change has ever been instituted by mankind without an array of negative consequences. The motor car has meant liberation for millions, but it has also caused congestion, environmental damage, and a disturbing death toll on the roads. "
Theo Paphitis
Car
Change
Death
" 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
Future
Innovation
People
" The Internet has heralded a revolution in our society. It has transformed the way we do business, entertain, communicate, and travel. In many ways, the change has been positive. The web has brought new freedoms, spurred economic growth, and extended the boundaries of knowledge. "
Theo Paphitis
Business
Change
Way
" I can walk all day in malls, shopping centres, high streets - I love it. "
Theo Paphitis
Day
Walk
Shopping
" I'm incredibly passionate about business, about small businesses, and about kids being given the right skills so they are successful. "
Theo Paphitis
Passionate
Business
Successful
" If you look at all the investments made during 'Dragons' Den,' the ratio of those that make it to those that don't is actually extremely high. "
Theo Paphitis
Made
You
Make
" Online is not contributing in the same way as the high street in terms of business rates and to the local community. "
Theo Paphitis
Business
Way
Community
" Save money; never rely on other people to lend you money. We call it having 'walking the streets' money - money in your back pocket or bank account that belongs to you. "
Theo Paphitis
Walking
You
Back
" Souvenirs always tend to look great when you see them in some exotic souk but awful when you finally get them back home. They tend to start in my study and eventually get demoted to the garage or the loft. "
Theo Paphitis
Start
You
Look
" The minute I stepped foot on the shop floor and started serving in a retail environment, I knew it was the career for me. I was a shop assistant for just one day, and I thought, 'This is it. This is the rest of my life. This is all I want to do.' "
Theo Paphitis
Day
Life
My Life
" It's very difficult for an entrepreneur to let go. It's very hard to sell a successful business. People sometimes hold on until the business has no value at all. "
Theo Paphitis
Business
Value
Go
" 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
School
Best
Decisions
" 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
Mind
Sleep
Calm