Dragons’ Den star Theo Paphitis believes that the government should stop burdening the business community with “stupid regulations that actually make it impossible for businesses to flourish.”
In a revealing interview with Startups at the recent Entrepreneur Country winter forum in London, Theo Paphitis addressed current trends in the business community, and expressed the concerns he and his fellow businesspeople harbour about the coalition’s interference in the economy.
Paphitis implored the government to “leave us alone,” and said that, by creating “the odd ridiculous new fund,” the government was actually doing little or nothing to help Britain’s entrepreneurs.
Speaking about the challenges faced by start-up firms in today’s tough economic climate, the man who became famous by turning round major brands such as Ryman, Stationery Box and La Senza before earning international fame on Dragons’ Den, said that young entrepreneurs need to be in business “for the long term.”
He added that those who just want to get rich quick should spend their money at the casino or racetrack instead – because there are actually better odds of success in gambling than success in start-up business.
New series of Dragons’ Den coming soon
Theo Paphitis was speaking to Startups just weeks before he begins filming a new series of Dragons’ Den, to be broadcast later this year.
The new series will be notable for the absence of James Caan, who has decided not to continue his involvement, but the other key Dragons – Duncan Bannatyne, Peter Jones and Deborah Meaden – will all be present.
Watch the full interview with Theo Paphitis below: