Greg Jackson

If you visit China today, what's really striking is the roads...

They're quiet.

I mean, all of the two-wheeled vehicles that used to pump out pollution and noise are now electric.

Pretty much all the taxis, buses, increasingly more than half the private cars that are sold are now electric.

And even this year, so far, 25% of their trucks are electric.

So that electrification means that they're going to be less affected by global oil shocks and they won't have any petrol stations.

First of all, if you use a lot of electricity, it may be possible to get electricity tariffs where you get charged less at certain times of day.

And a lot of businesses have been able to benefit by shifting their electricity consumption.

They still use as much energy.

They just pay less for it.

Of course, things like heating space can be very expensive, and finding ways to do that more efficiently by heating to maybe 18 degrees rather than 21 can make a very big difference.

But of course, look, the real solution is that Britain needs to escape from this dependence on the global fossil fuel price.

And that means more electrification, disconnect our electricity price from the gas price, and ultimately get more of our electricity from British resources.

Monopolies.

Don't be arrogant, but do be confident.

Almost by definition.

As an entrepreneur, you're doing stuff that other people didn't think is going to work or that they've discounted or dismissed.

So you have to be confident to believe in your own ideas and your ability to deliver them.

But you should still listen to everyone else and learn from them and not be arrogant.

I think that is the secret to being able to build something special but successful.