The room seethes with jealousy as Regus boss Mark Dixon announces "We had our most profitable year to date last year. And we have £250m cash in the bank. That’s ours and we’re not spending it. No debts either. That’s how we’re entering this recession." Dixon is a serial entrepreneur deluxe. He’s experienced booms, busts, AIM listings, acquisitions and consolidations. He believes that its these experiences that make him an entrepreneur. "My son is studying Chinese," he tells the audience. "I was fascinated to find out that that money, in Chinese, comprises two characters: the first, on its own, means ‘opportunity’, the second means ‘danger’. Those two things combined mean ‘money’." Fairly apt, wouldn’t you agree? "As an entrepreneur you have to be prepared for the unexpected all the time," he says. "i’ve ben flying high at £4 per share and dropped to 4p within 6 months. One of my investors lost about £1bn on paper. Not a great experience. But we rolled up our sleeves and sorted it out. Value on paper is not important, value in cash is." The 2009 Real Business Entrepreneurs’ Summit was held in association with Investec Private Bank. Related articles Mark Dixon and his "accidental" new business Regus defies downturn: revenues up 25 per cent Don’t just survive, reinvent!
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.