23 How long had the man’s business been running when he decided to expand?

A a few months B two years C six years

24 Why did he choose Business Angels?

A They have a very good reputation.

B They offer their experience as well as cash.

C They had helped him in the past.

25 How did he know where to go for funding?

A His bank manager told him about the scheme.

B He had learnt about the scheme at university.

C His family had previous knowledge of the scheme.

26 What did the funding selection process involve?

A asking relevant questions

B researching the competition

C producing a business plan

27 The result of the process was an offer of

A more than he had expected to receive.

B enough to fund an advertising campaign.

C not sufficient to achieve his original goals.

28 After receiving the funding, John Hamilton

A opened new retail outlets.

B developed his product range.

C instigated a publicity drive.

29 In return for their funding, Business Angels expect to receive

A shares in the company.

B control of the business.

C a proportion of the profits.

30 What has made private investors consider funding small businesses?

A There is uncertainty in the financial market.

B The rewards are likely to be high.

C They can exert influence over the business.