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" 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
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" Small does not mean insignificant. "
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" I've always maintained the basic business principles of keeping it simple, doing your homework, hard work, and common sense. "
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" Wherever I go in the world, I put aside several days to go visit the stores. "
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" Business isn't complicated; we complicate business. "
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" Entrepreneurship can be taught to people with average academic abilities - the proof of that is everywhere you look. "
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" A small business can survive for a while without making a profit, but if its cashflow dries up, the impact is fatal. "
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" My family come from Cyprus. Both my father and my grandfather worked on the British bases there, and as the British government granted independence to Cyprus, they granted British passports to those who worked with them. "
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" I'm not into cats; they aren't my bag. "
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Cats
Bag
" 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. "
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Car
Change
Death
" 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
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Thinking
" My parents divorced, my brothers and I ended up living with my mother, and we were living with the choice of heating or eating. My mum was working, but she needed financial support to make ends meet. I had to have free school dinners and free school uniforms. "
Theo Paphitis
Mother
Parents
School
" It's called common sense, but it's not common. Most people don't have it. "
Theo Paphitis
Common Sense
Sense
People
" 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
" When making an investment, the people are more important than the product. "
Theo Paphitis
Investment
Product
People
" The statistics for investing in small businesses are such that the vast majority fail. "
Theo Paphitis
Small
Investing
Fail
" I'm a very considerate spender. I'm a shopper, and I do spend money, but I think about it first. "
Theo Paphitis
Money
Spend
Think
" What's crucial in a High Street store is a compelling reason for people to shop there. Shops must offer excellent customer service - and 'theatre' is a must. "
Theo Paphitis
Theatre
Street
People
" 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
Time
Window
Learning
" The high streets I remember best were Seven Sisters Road in north London and then sunny Peckham in south London after we moved there. They were where my parents used to shop. They were great, part of being a teenager. "
Theo Paphitis
Remember
Best
Great
" What makes business exciting is that you don't need a fancy degree, and anyone can do it. "
Theo Paphitis
Business
Degree
Fancy
" 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
" The more we learn about dyslexia, the more able we will be to help those with it. "
Theo Paphitis
Will
Able
Dyslexia
" Making the first million is hard; making the next 100 million is easy. "
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Million
Next
Making
" Immigration has been good for this country; I know the value of it - hopefully I've given something back. "
Theo Paphitis
Country
Good
Value
" 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
" Entrepreneurship is just one thing that needs to be in schools. "
Theo Paphitis
Needs
Entrepreneurship
Just
" Politicians are elected to do what is right, but too many are just doing what is right for the party. "
Theo Paphitis
Just
Doing
Right
" Take calculated risks and limit your downside. "
Theo Paphitis
Risks
Take
Calculated
" I didn't have a great childhood, and neither did Debbie, my wife, so we both try to give the kids not only the material things we never had but also the hugs and the love. "
Theo Paphitis
Great
Never
Try
" If you cannot bore your friends to death about your own small business, then something is seriously wrong. "
Theo Paphitis
Small
Business
Death