"I cheated a bit in the beginning," says Stelios, speaking at the Entrepreneurs’ Summit earlier this year. "I had a rich father. But, barring being adopted by a rich father, you have to look for opportunities and make your cash go a long way."

We caught up with Sir Stelios Haji-Ioannou to find out whether he thought that a recession was a good time to start a business. He was typically optimistic about the idea. But had some caveats for all wannabe start ups.

Interested in starting your own business? Want some sage advice from a successful entrepreneur and millionaire? Check out the video below.

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