"Business is all about common sense" - Theo tells students | Middlesex University London
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    "Business is all about common sense" - Theo tells students

    21/05/2010
    Entrepreneur and BBC TV Dragons’ Den personality, Theo Paphitis, inspired and entertained students and staff at the University's Hendon campus on 19 May.

    Entrepreneur and BBC TV Dragons’ Den personality, Theo Paphitis, inspired and entertained students and staff at the University's Hendon campus on 19 May.

    In an event chaired by the Business School's Professor of Communication Alan Durant, Theo talked about his difficult upbringing and how it gave him the thirst to earn money.

    With a business empire spanning retail, property, finance and consumer goods, Theo, who was awarded an honorary doctorate by Middlesex in July last year, has been particularly successful at turning around failing businesses. Speaking about his general approach to making good business decisions Theo said:

    "Business is all about common sense. So often, people develop bad habits in the workplace. They need to take a step back and ask why they are doing what they are doing. There’s either a case, or not."

    He predicts major shifts in the business world in the aftermath of the general election. He said:

    "For the past two years, there’s been a lack of transparency about the economy. Now the election is over, I predict a significant reorganisation of companies."

    Mr Paphitis is a self-styled "latchkey kid" done good. As someone who did not excel academically at school, he said it was ironic he was now presenting programmes for the Open University.

    A great advocate of ongoing learning, he spoke highly of the University’s pioneering approach to work based learning - where people can gain qualifications whilst in the workplace.

    Theo ended the evening by presenting certificates to members of Middlesex University Business and Enterprise Club that had been successful in a business plan contest.


     

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