Page 21 - Articulate Files

EATS B

Growth, Funding, Entrepreneurship Failure

Litan had asked Jim if

he would still help him

with the company
even though Jim would

have no official or legal

role. Jim had replied

that he was willing to
help out in any

unofficial capacity he

could. Litan requests advice on applying for Government
funding promising to be more truthful and open with Jim

Litan also said that he was determined to devote himself full
time to the company and to this end was going to give up

his current job to work full time. Moreover, he said that he

had met up with a BDM from Lloyds and a couple of private

investors and all of them had expressed their interest in
having one- to-one meetings with him to discuss the project

in detail. After meeting Litan Jim asked Litan if giving up his

job at this time was wise as he had a family to support and
was in the country on a visa. Litan replied that he had

discussed this with his wife and that she would continue

working and that anyway he was fed-up working two jobs

and wanted to concentrate on the company and its
development. In fact, given his experience after applying for

a bank account and funding aid from Edinburgh Chamber of

Commerce, he was thinking of relocating to Edinburgh.