What is the role of a Business Angel? Select one: a. To provide small business advice. b. To provide capital for business development in exchange for stake in the business ownership. c. To set up a franchise business. d. To assist an entrepreneur to open a lifestyle business.
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Explanation:
To set up a franchise business.
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The role is to provide capital for business development in exchange for stake in the business ownership.
- They represent private individuals who invest a portion of their assets directly in new and developing private firms.
- This is done usually with a high net worth and business experience.
- They can invest alone or as part of a syndicate, with one such individual often taking the lead.
- They frequently serve as mentors, offering their advice and experience to budding businesses.
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