Business Angel: This isn't someone with wings! It's a wealthy individual who provides capital for a business in exchange for some ownership or a part of the profit. Think of them as a friendly dragon from Dragons' Den! 🐉💸

• Real-world example: Suppose Elon Musk decided to invest in a small start-up because he sees potential. He's the 'angel' here! (Note: He’s not an actual angel, so don’t expect any magic tricks!)

• Owner: Maria (A real go-getter!)
• Target Audience: Young adults, 18-25, fresh outta high school or at uni.
• Current Situation: Maria wants to grow the business because more people want to learn to drive! Vroom Vroom! 🚗
• Challenge: How to pay for this growth? Do you remember how you felt deciding between two ice cream flavors? Maria is feeling that times a thousand!

• She saved money for ages and even sold some of her stuff to kickstart THDS. That's commitment, like saving up your allowance to buy the coolest new game.
• Money Chat 💰
  • Capital Expenditure: Big one-time costs for stuff that lasts (e.g., cars). Maria spent $90,000 in the first year.
  • Revenue Expenditure: Running costs like fuel or instructor salaries. This was half of her capital expenditure in the first year. So, $45,000!
• Future plans: Sell her business to a 'business angel' in 3 years. Who doesn’t like an exit with style? 🕶️