2.1.1
Internal finance
Owner's capital, retained profit and the sale of assets, and when each internal source is appropriate.
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Topic 2.1
Raising finance
Explore how businesses obtain and manage finance. Compare internal and external sources, and examine how liability affects access to funding. Then build and interpret business plans and cash-flow forecasts.
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14 min
2.1.2
External finance
Sources such as family, banks, peer-to-peer funding, business angels, crowdfunding and other businesses, and methods including loans, share capital, venture capital, overdrafts, leasing, trade credit and grants.
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2.1.3
Liability
Limited and unlimited liability, and the finance available to unincorporated businesses and to limited companies.
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2.1.4
Planning
Business plans and obtaining finance, plus constructing, interpreting and evaluating a cash-flow forecast.
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