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Felix Dennis

Felix Dennis Interviewed on Forrest of Dennis and Dennis Publishing



 
 
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Back Issue: January - March 2008 (11)

Price: £4.40

Felix Dennis has a lot of everything. He has a lot of money (so much, in fact, he can’t count it, but let’s say £700M, give or take the odd £50M), from a lot of publications (more than 50 magazines and websites in UK and America), earned over the last 30 years with a lot of backstory (the crack cocaine addiction isn’t the interesting bit, it’s the fact he got himself off it, cold turkey, on his own, in 6 weeks, flat).

He’s also got a lot of everything else too – the houses and apartments (in London and Manhattan and Connecticut, the Warwickshire estate, the Caribbean bolt hole and they’re just the one’s he’s talking about) and the PAs (four? five? I know I didn’t meet them all and even his PAs have PAs); he’s got stories and philosophies enough to fill a business book (“How to Get Rich”) and he’s got a fourth book of his poetry coming out. Today he’s got a humungous cold which has left lesser men at home in bed. He’s got buckets of sexual drive (4 women a night stand as a testament to his energy but also to his famously long days and his ruthlessly disciplined diary). Now he’s getting wood in another way, planting hundreds of acres of native broadleaf trees, to be called the Forest of Dennis. So he’s got a lot of ego too.

But for all that, he’s got a surprising number of defences. You might expect the discrete personal security team he mentions in his book and the pyramid of PAs aren’t there to make access to him easier. But when I meet him early one morning in his personal office, one floor below his Soho, London, apartment, he’s fully suited and booted, making him probably the only man in a one mile radius of here who is: “Well, it’s armour. Innit?” and when I quiz ask him, armour against what? “I haven’t got time to think about what I’m going to wear.” So he’s got the defence of diversion as well.

LUSSO VIDEO
FILMED BY ARMAND ATTARD


There’s also the laugh: friendly at the start, an encouraging rising tone over the first four beats, then falling off in the last two to let you know: time to change subject, mate. Move on.

Perhaps he’s been keeping the angels and demons of mortality at arm’s length for a long time? Every poet knows the clock is ticking. He’s not one for wasting seconds with niceties, either, when he could be earning money: “You’ve got an hour. Go.”

“Now he’s getting wood in another way, planting hundreds of acres of native broadleaf trees, to be called the Forest of Dennis”


The first thing I want to talk about is how Dennis Publishing is different because of Felix Dennis the man. “Don’t know. Haven’t worked anywhere else.” - which isn’t true.

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He’s still working 18 hour days, although fewer of them now. His clothes are chosen for him by his buyer and laid out for him in the morning, shirt pre-buttoned. From waking up to sitting down at his desk including the shower takes “14 minutes, dead. And I don’t want it take any longer, either.”

He doesn’t like email, hasn’t got an email address. So what does he make of those ‘businessmen’ who sit hunched over at dinner, busy Blackberrying? “I know that they’re busy not making money, they’re reminding people, rather desperately and sadly, that they’re still alive. I feel sorry for them.”

Felix assesses everything on its potential for making money for him. He breaks his day down for me into hours and there is colour and definition in a lot of it (up early, two hours writing poetry, meeting with the Group Finance Director at 7.30am, one hour with Lusso); but the business hours are simply described as ‘making money’.

Felix is a famous foe of business meetings. When you start a company, “you want to spend as much time as you can making money … [so] tell everyone ‘we’re conducting meetings standing up and there’s not going to be any row about it either.’” Before he walks into a meeting, his one thought is how that meeting can make him money.

He meets all his senior directors one on one, but then likes to sit down with the number 2 or 3 in that department, and go through the reports line by line with them; “if you’ve done your homework and spotted the anomalies, you’ll get a much better view because they’re hoping you will find things in there which haven’t been done as well as they should be.”

He says it’s “ruthless meritocracy here” but swallows the crucial “a” before the expression, making it sound more like, “Ruthless. Meritocracy.” He employs his brother, but he’s never made the board. He might pull a junior designer to one side and compliment them on something they did that he liked, but it’s because the juniors have a greater vision on where things are being done wrong, and in Felix’s world, the good ones will want to push their managers out of the nest and move up. To make him more money.

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What about the Forest of Dennis, then? “Every year we’ve been accelerating with the acreage we plant... we started with 20 or 30 acres a year about ten years ago which we thought was a lot…now we’re on our way to 300 acres a year.” He wants to do it to make it easier for wildlife and he wants to make a lot of rides and walks and woodland pastures because this will be for permanent public access.

It all sounds benevolent or generous, an interesting passion. “It’s a business.” Even though he’s not intending to make money out of it, he wants to generate income streams for the Forest.

Such as?

“We would like to build, eventually…” and here’s the longest pause of our interview, if not of his whole day, “…the most beautiful crematorium in England, which is not ugly, which does not rush services through…” another pause. “…which is a very beautiful building.” Maybe it’s his cold breaking through his medication, but his eyes are glassy here. “When people have been cremated, [the mourners] can get into people-carriers that we’ll provide and take them to the part of the wood they’ve chosen…and you can put a titanium marker on a tree which won’t grow into the tree…so aunty Freida’s in there, and then, and then when…her husband or sister dies - or granddad’s died so we’ll give him an oak - we’re hoping people will say they want the one next door. And that’s an income stream for the Forest.”

“I’ve never understood why we don’t feed ourselves to the dog”


But for himself, he doesn’t care. “I’ve never understood why we don’t feed ourselves to the dog. Ha, ha, ha. Ha! Okay, let’s talk about what you came to talk about…”

Move on, keep moving.

Publishing is the right place for him, at the interface between business and human psychology with fast decisions, where you can still go out and take big risks quickly, provided you’ve done your homework. And he knows what motivates people who work for him and it’s not always money. “Some want to be lieutenants and boss people around, some people want a clear career path. Not everybody is cut out to be the person at the top and take most of the money. Many people are motivated because they want the opportunity to show they can do a really great job and to have the recognition of the half dozen people who really run any business; that will motivate those people far more than a pay rise, they crave recognition.”

So who gives him recognition? “Me.”

I’ll try him again. When he’s done well, who does he celebrate with? “Nobody.”

Was that choice or consequence? First the defence: “I’m a poet. Poets seek solitude” But then, “that’s the price you pay, chum. If you don’t like the price, then go and work for somebody else and they’ll tell you what a great job you’re doing.”

What else do you have to ask yourself if you want to know whether you have what it takes to be an entrepreneur? “If you’re not prepared to make the people around you miserable, you can’t get rich…there’s a lot of sacrificing to be made to get rich and it’s not always you doing the sacrificing. If you won’t address your fear of failure (and it is a nightmare in everybody’s dreams), you won’t get rich. If you don’t believe that you’re worthy to be rich, you won’t get rich…(otherwise) stop trying to get rich by owning your own companies and go and work for somebody else and get yourself as many share options as you can and as big a pension as you can.”

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His company is relatively small, because he’s kept selling parts of the business; which is important to him. He’s good at making businesses and he’s good at selling them. He says he’s constantly trying to remind young entrepreneurs that the purpose of being an entrepreneur is to make a lot of money and have a lot of fun. These companies aren’t your babies. If someone comes along and offers him a really great price for his magazines or his websites, he’ll sign. “It’s pretty simple, really.”

How much does he think a person’s sexuality informs who they are in business? He’s known some very effective managers, who don’t own the business, for whom it’s been immaterial. “Some of the difference between them and an entrepreneur, a person who’s willing to risk it all, more than once, so that they end up with far too much money, I suspect that quite often that difference is buried in their sexual drive.”

He doesn’t have a clock in his office but when the photographer worries he’s not been left enough time to take the shots, Felix knows with minute-accuracy how long we’ve got left. Snap, snap, snap, a few last quick questions.

Who owns the future: The publishers? The content creators? The editors? “God knows….the real answer is, ‘Whoever owns the shares, darling.’ Most people with great ideas don’t end up with very much money. 3M made the money, not the guy who invented Post-It Notes.”

If he was press-ganged into being Mayor of London, what would he do on the first day, “Have a mass bendy-bus bonfire… one does wonder with Ken, what’s down there and why a man needs to create more bendy busses.”

How does it feel to be only half a billionaire? “It depends, I’m a dollar billionaire. Ha, Ha, Ha. Ha. After your first $50 or $100M, there’s no difference. If I hadn’t spent all the money I have in the last 35 years of doing business, I’d be a billionaire several times over but I decided I was going to take quite a bit of that money every four or five or six years and I was going to do thing with it and I’ve done a lot of things with it. Mostly I’ve pissed it away. Ha, Ha. Ha.”

There’s not much showiness in the office, just the Bang and Olufsen CD player “I prefer things that cost an awful lot of money but don’t necessarily look like they cost a lot of money. This desk costs a lot more than that Bang and Olufsen.”

Charity? He’s publishing another book of verse that will benefit the Grenadine and St Vincent Islands. He’s guarded, but also involved in literacy projects, the Tree Council, and a library for the blind.

More poetry? He’s just completed his 1000th poem and is planning a world tour next year into 2009. You quote lots of male poets, but what about the female poets? “I build bronze sculptures to them.”

If you were to lose everything, every business, every house, every last pound, what would he walk out of the office with, “My address book, ‘cos then I’d get it all back again.”

He enjoys talking? “Yeah, it’s fine, but then I think, I gotta stop talking, I gotta make some money.” And we’re up and moving; he’s been generous with his time, over generous. But before we leave, he’s got to pull a magazine off the shelf and, quite sweetly really, stand alongside me and show me a photo-article about his place in Mustique. It is beautiful and idyllic and built in wood. There’s a picture of an ornate wooden table with chessboard set into the top. Does he play? “I play a lot.” I tell him he’d be a scary player. “The Sicilian Defence my friend. Always. The Sicilian Defence.”

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> Categories: Felix Dennis, Interview,
> Author: C J West
> Keywords: Felix Dennis Forest of Dennis, Felix Dennis How to Get Rich, Felix Dennis Interview Forest of Dennis, Felix Dennis Interview How to Get Rich, Felix Dennis Interview Forest of Dennis How to Get Rich, Interview Forest of Dennis, Interview How to Get Rich,
> Description: Felix Dennis Interviewed on Forrest of Dennis and Dennis Publishing

 
User Comments

By Arash Farboud (16 December 2007)
1.  I think I have read Felix&prime s book &prime how to get rich&prime 4 times already. It sits in my office to remind me of how life in the &prime elephant and flea&prime fast lane work. Very entertaining and Felix is definately a true hero of mine. We all want to be like him in so many ways but he has some sort of extraordinary discapline and way of managing life that I would like to find out about in his biography - if it comes out. &prime How to get rich was given to me by Dom and Jackie my friends in Barbados. I read it in true addiction as he wrote it on his Island Mistique. I now have started photocopying my inland revenue cheques as he suggests and putting them on my fridge - madness and genius. My best wishes Felix if you ever read this. My cars are your poetry. Arash

By Robin Pang (29 March 2008)
2.  Felix you are my Hero. Thank you for writing your book " How to be Rich" . For all true aspiring entreprenuers you truly are a Rags to Riches Story. I especially liked it when he wrote in his book the days when he first started on his journey to becoming Rich the days of desperation and " brokeness" which almost broke him. Tragic but poetry! And truly touches me and I can relate that. Cheers!Chapter 17:" Here we all are in no-man&prime s land The lame and the halt the sick and te damned Tunnelling dirt and shovelling sand Here we all are in no-man&prime s land..."

By Brian Sigsworth (02 April 2008)
3.  I am in awe of all you do as I would do almost exactly the same if I had the wealth.You are helping to do SO much for the countryside and also so much for all of nature.If I could work for someone such as you then it would be my lifes&prime total enjoyment.God luck Felix in all you do. Best friends Brian Sigsworth

By James Paul (08 April 2008)
4.  I am rereading &prime How to get rich&prime and it s absolutely the number 1 book for would be entrepeuners. It should be mandatory reading at businees schools. For my money it is up there wiht &prime What they don&prime t teach you at harvard&prime etc. I know he has no time for TV but I would love to see Felix on Dragons Den. This guy is an inspiration - his energy and drive are incredible.

By Jim Rivas (18 December 2008)
5.  I recently completed reading " How To Get Rich" . I have been in pursuit of said riches for a couple of decades now a true entrepreneur willing to risk it all. I have won many and lost a few. Felix really centered me in his book because over the last few years I have embraced " self help" and personal development and he&prime s absolutely right about those topics and I was reminded that the peak profitable years I&prime ve had were when I was behaving like a predator not taking advantage of people yet playing the game with wreckless abandon. How to Get Rich came at the exact perfect time for me as I am starting a new company getting back into ownership (forgive me Felix I lost my way for a while and made others rich even though I did OK). I was sent the book by someone I do not know yet who is a student and fan of my own content and products. Without question should yuo desire to actually get rich and not just pursue it How to Get Rich is a must read. thank you Felix Dennis for your candor and no BS drump truck full of wisdom!


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