5.3 Support for enterprise

What is a potential drawback of using a finance provider like a business angel?

• They only offer legal advice

• They charge expensive fees

• They might require a percentage of the business

• They are difficult to obtain

What is a benefit of seeking support from a local council?

• They provide extensive financial support

• They offer legal advice

• They are usually willing to help and provide free advice

• They connect you with similar business owners

What is a primary function of an accountant for a business?

• Providing legal advice

• Managing marketing campaigns

• Completing end-of-year accounts and tax calculations

• Offering free business advice

What is a common limitation of support provided by charities like the Prince's Trust?

• They charge high fees for their services

• They only offer support to established businesses

• They provide very small funding and have limited criteria

• They require a percentage of the business profits