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Starting a business not the only way to become an entrepreneur

by Dubaiforum

20 minutes ago

www.heraldscotland.com

3 min read

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AN entrepreneur who walked away from her business to become executive dean of the Edinburgh Business School at Heriot-Watt University believes that…

Professor Dame Heather J McGregor, who is now the provost and vice-principal of Heriot-Watt University Dubai, told the Go Radio Business Show with Hunter & Haughey that she hadn’t started her own business, the London-based Taylor Bennett Foundation.

“I bought it,” she told hosts Sir Tom Hunter and Lord Willie Haughey. “Starting a business is not the only way into an entrepreneurial journey – there are lots of ways in. I borrowed a lot of money, at a time when banks were still prepared to lend to entrepreneurs, although it took a long time to find one that would do it. I wore out a lot of shoe leather.”

Explaining how she bought into the business in stages, Prof McGregor said: “I joined the company first with an option to buy 20 per cent and I exercised that option two years later – that put me in a position to be able to negotiate to buy the rest of it. So…

Karen Peattie

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