Component 1 - Business Finnance

Question 1

Explain : Sources of finance available to entrepreneurs and SMEs

Answer 1

1 - Personal savings and investments
2 - Business loans from banks and other financial institutions
3 - Venture capital and angel investments

It is important to note that the specific sources of finance available to an entrepreneur or SME will depend on a variety of factors, including the type and size of the business, the industry it operates in, and the creditworthiness of the business owner.

Question 2

Evaluate : Sources of finance available to entrepreneurs and SMEs