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" The statistics for investing in small businesses are such that the vast majority fail. "
Theo Paphitis
Small
Investing
Fail
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" My whole business philosophy is based on a risk-reward ratio. But it's got to stack up. If it doesn't, don't do it. You might as well go to a casino. "
Theo Paphitis
Business
Well
You
" I can walk all day in malls, shopping centres, high streets - I love it. "
Theo Paphitis
Day
Walk
Shopping
" I am a great believer that the risk should reflect the reward. "
Theo Paphitis
Great
Risk
Reward
" The great virtue of the web, its ease of communication, has also become its Achilles' heel in that it has polluted the air with meaningless babble and egomaniacal drivel. "
Theo Paphitis
Communication
Web
Virtue
" I'm a shopaholic. I really am. I can't help myself. I do go into, browse, and purchase from my own shops, too, although the CEOs who run my businesses wish I didn't. "
Theo Paphitis
Myself
Wish
Help
" Good businesses will survive good times and bad times. "
Theo Paphitis
Good
Will
Good Times
" I was lucky enough to find my passion early - in retail - and I have done well but, most importantly, loved doing it. "
Theo Paphitis
Passion
Enough
Early
" 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
" If you cannot bore your friends to death about your own small business, then something is seriously wrong. "
Theo Paphitis
Small
Business
Death
" The eight years I spent at Millwall were among the best times of my life. "
Theo Paphitis
Spent
Years
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
" 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
" I'd like to think people know what I stand for, which is straight-talking honesty and telling you not just what you want to hear but where it is at. "
Theo Paphitis
You
Honesty
People
" I am for a transactional tax at the point of purchase for both online and physical retail. "
Theo Paphitis
Am
Tax
Retail
" It's called common sense, but it's not common. Most people don't have it. "
Theo Paphitis
Common Sense
Sense
People
" Entrepreneurship can be taught to people with average academic abilities - the proof of that is everywhere you look. "
Theo Paphitis
Average
Academic
Look
" 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
" Becoming a campaign representative for the somewhereto_ re:store campaign was a simple choice. "
Theo Paphitis
Becoming
Campaign
Choice
" 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
" 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
" 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
" I've always maintained the basic business principles of keeping it simple, doing your homework, hard work, and common sense. "
Theo Paphitis
Hard Work
Business
Doing
" I'm not massively academic. I'm a commonsense person. "
Theo Paphitis
Academic
Massively
Person
" Ultimately, if you don't have an interest in what you do, it will be so much harder to make money from it. "
Theo Paphitis
You
Will
Money
" The wider the exposure that we give children of the real working world, the better. "
Theo Paphitis
World
Real
Working
" 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
" I'm not a risktaker. I'm the total opposite. "
Theo Paphitis
Opposite
Total
" Small does not mean insignificant. "
Theo Paphitis
Insignificant
Small
Does
" 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 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