Does your business need an angel?

You wouldn’t be on your own if your business was feeling a bit cash-strapped at the moment. Government measures to encourage the banks to assist small business with cashflow issues may be a help to some, but frankly this may not be quite the panacea we were hoping for. We’ve been reading about business angels which may just be the answer to your prayers…

What are business angels?
Business angels are private investors on the hunt for a good return for their money. Business angels are often skilled, senior business players themselves, operating in networks locally, nationally and online. Not unlike the premise for Dragon's Den, they invite registered members to send solid business plans, which they will then review and potentially, buy into, in exchange for a share of the business on the table.

Feeling brave?
Angel’s Den is one particular network of business angels who also organise speed-pitching events, the next of which is on 2 February in central London. If you’ve seen Dragon’s Den, then you’ll understand how this may operate, however we are assured it is with none of the usual accompanying humiliation…

Angel’s Den is overseen by the official body, the British Business Angels Association. There is a fee to register and a further fee to submitting a business plan. There is no fee, however, for taking a look at their site, which offers lots of useful advice on planning, as well as testimonials, case studies and more:
http://www.angelsden.co.uk/

Find the British Business Angels Association
Angel’s Den is just one of a number of angels networks operating across the UK. Go to the British Business Angels Association website to see a full list and find out more about opportunities which may work for you:
http://www.bbaa.org.uk/

Please share!
As always we are keen to hear about your experiences – with business angels or otherwise. Please post your comments below or contact the TT team on 0845 075 1044.


TT