As a mentor to students, he wants them to benefit from his own experience of how not to manage the business - with record labels and night clubs, such as Factory and the Hacienda.
"The way that Factory worked, it was full of very creative people who never looked after business - and that's why all those businesses crashed.
"They were based on very idealistic ideas, very creative, very naive.
"They only rumbled on because Joy Division and New Order's success paid for all our mistakes.
"In Factory and the Hacienda - and in many ways in New Order and Joy Division - we never really looked after business."
So to try and put his in a different context, would a crash-prone driving instructor get a job teaching people how not to drive?
I'm All Ears.