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Business - Coggle Diagram
Business
Section 5
Business Finance
Why businesses need finance
Start up a business
Expand a business
Additional working capital
Sources of Finance
Internal
Retained Profit
Sale of Existing Assets
Sale of Inventories
Owner's savings
External
Issue of Shares
Bank Loans
Debentures
Factoring of debts
Subsidies
Alternatives
Micro FInance
Crowdfunding
Short / Long term Finance
Short
Overdrafts
Trade Credit
Factoring of debts
Long
Bank Loans
Hire Purchase
Leasing
Issue of Shares
Things to consider for the right source of finance
Purpose and Time Period
Amount Needed
Control
Legal Form and Size