RO67 - 5.3 - Support for enterprise

What is one way that local councils can help businesses?

• Provide free advice and connections
• Offer loans with low interest rates
• Help businesses find new investors
• Guarantee a certain level of profit

Which of the following is NOT a benefit of working with an accountant?

• Help with financial planning
• Provide advice on tax compliance
• Offer guidance on legal matters
• Trusted professionals

What is a key advantage of joining a Chamber of Commerce?

• Free legal advice from experienced lawyers
• Access funding from the government
• Connect with other business owners
• Receive free training from entrepreneurs

How can business angels support entrepreneurs?

• By providing small amounts of money
• By offering significant funding and advice
• By requiring no share of profits
• By being easy to find

What is a potential downside of using friends and family for support?

• High interest rates
• Limited knowledge and ability
• Need for collateral
• Convincing a large group to invest

Why might someone choose to work with a solicitor?

• For financial advice
• For legal expertise
• For marketing support
• For business planning

What is one benefit of government support for businesses?

• Limited online resources
• Extensive and easily accessible resources
• High interest rates
• Limited to specific industries

How can charities like the Prince's Trust support entrepreneurs?

• By providing training and mentoring
• By offering high-interest loans
• By requiring collateral
• By limiting support to specific industries

What is a potential limitation of local council support?

• High fees
• Decreasing funding
• Limited to financial advice
• Limited to legal advice

Why might someone choose to join a Chamber of Commerce?

• For free legal advice
• For access to government funding
• For networking opportunities
• For high-interest loans