Before accepting money from a business angel,the entrepreneur should:
A)first make application for a bank loan.
B)use all available personal assets to finance the new venture.
C)request a loan from the angel instead of investment to prevent having to give up control.
D)make sure the business angel is accredited.

Question

Quizplus · Accepted Answer

It is important for the entrepreneur to ensure that the business angel is accredited, meaning they have the financial resources and expertise to provide the necessary support for the business. This accreditation can also provide protection for the entrepreneur and their investment. A bank loan may not always be the best option and using personal assets can be risky, while requesting a loan instead of investment may limit the potential growth and success of the venture.

Before Accepting Money from a Business Angel,the Entrepreneur Should