All businesses need to raise finance to run a business

Jun 27th, 2015
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Abilene Christian University
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Finance is essential for a business's operation, development and expansion. Finance is the core limiting factor for most businesses and therefore it is crucial for businesses to manage their financial resources properly. Finance is available to a business from a variety of sources both internal and external. It is also crucial for businesses to choose the most appropriate source of finance for its several needs as different sources have its own benefits and costs. Sources of financed can be classified based on a number of factors. They can be classified as Internal and External, Short-term and Long-term or Equity and Debt. It would be convenient to classify the sources as internal and external.

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financeDefinitions (2)1. A branch ofeconomicsconcerned withresource allocationas well asresourcemanagement,acquisitionandinvestment. Simply,financedealswith mattersrelatedtomoneyand themarkets.2. Toraisemoneythrough the issuance andsaleofdebtand/orequity.What is Finance?Finance is the set of activities dealing with the management of funds. More specifically, it is the decision of collection and use of funds. It is a branch of economics that studies the management of money and other assets.Finance is also the science and art of determining if the funds of an organization are being used properly. Through financial analysis, companies and businesses can take decisions and corrective actions towards the sources of income and the expenses and investments that need to be made in order to stay competitive.Sources of finance for a start-up businesssources of finance is where a business can get money from. there are two types where money can be found internal and external. internal are things like the owner's capital and external are things like loans.IntroductionOften the hardest part of starting a business is raising the money to get going. The entrepreneur might have a great idea and clear idea of how to turn it into a successful business. However, if sufficient finance cant be raised, it is unlikely that the business will get off the ground.Raising finance for start-up requires careful planning. The entr

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