Who Is Business Angels?
Business Angels are people who like to invest in struggling businesses which they think have a good chance of making it in the business with some financial backing as well as businesses that are just starting up. These businesses will need help financially to start-up with the purchase of stock and equipment.
Business Angels usually come from an entrepreneurial background and therefore know the troubles you may go through and that finance is one of the most important factors in any start-up business and especially in a business that is struggling financially. A Business Angel will usually only offer financial backing if they think your business stands a good chance of succeeding.
The amount of finance they offer you depends on the business plan you put forward. They will need to see every little detail of your business from who your suppliers are and how much they charge to how much you offer a product or service at. They will want to see all your ongoing’s and outgoings for the last year if your business is struggling. If it’s a new business venture you’re trying to gain finance for, you will need a good plan showing the revenue of the business over the next few years as you see it.
A Business Angel can offer from £10,000 to £75,000 to help regenerate your business or get your business off the ground. Some Business Angels may be willing to work as an Angel Syndicate and can then … Read more