What is a business angel?

Mar 20, 2018

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What is a business angel?

Posted in : Business Advice on by : Josh

A business angel is an independent individual who provides capital for the development of a business. Generally here in the UK, the term refers to wealthy individuals, and these business angels (also known as angel investors) aim to help entrepreneurial individuals succeed with a business idea by investing their own money and time. You will see that many startup businesses in the UK choose business angels to help them get off the ground and running and that’s because banks have tightened their requirements, meaning more people are having to look at alternatives. It’s of course vital you do your homework and meet up with a business angel before you decide whether you’re both a good fit who can work together. You also need to be able to convince the angel that you’re worth investing in, because at the end of the day it’s of course in their interests to help you succeed so that you can both make money together.