Duncan Bannatyne and Sources of Finance

What businesses has Duncan Bannatyne owned in the past?

• Ice cream

• Care Homes

• Hotel and Spas

• Football clubs

In his early thirties he bought an ice cream van for (a)  

Duncan's Super Ices, had a (a)   of £300,000 per year

Many of Duncan's business enterprise ideas have come from reading local and national (a)  

How did Duncan make his ice cream business stand out?

• Scoop with smiley face

• Speed of service

• Lots of flavours

• Nice vans

A business needs good ......... .......... to keep running

(a)  

To set up the new care home business Duncan had to sell his ....... ........... business

(a)  

The small investment for the van was covered by .................. ........... This is typical of many start-up businesses.

(a)  

To build more ...... ............., Duncan used a mix of profits, borrowings and offering shares in the company.

(a)  

What does this mean:

This was achieved by 'going public' and floating the company on the stock exchange.

• Allowing anyone in the world to buy shares in your business

• Inviting friends and family to buy shares in your business.

• Telling the world about your business.

• Launching on social media.