24 mins, 2011        [password required] Key Topics Sources Of Finance Internal v External Finance Ownership Start-up Capital Investors CLIP 1: SOURCES OF FINANCE - AN INTRODUCTION (9 mins)  How does a business choose between different sources of finance? Is it always better to get money from inside the company than get an overdraft or loan or to sell shares in the firm? And what are the pros and cons of selling assets to raise finance? CLIP 2: SOURCES OF FINANCE: DIVINE CHOCOLATE (5 mins)  Divine Chocolate found its funding in a novel way - by giving an ownership stake to the cocoa farmers which supply its beans. This source of finance fits well with the fair trade company's social mission. But the company's also strong on financial discipline: it employs invoice discounting and is tough on slow payers. CLIP 3: SOURCE OF FINANCE: BROMPTON BICYCLE (5 mins)  Famous British bike manufacturer Brompton Bicycle prefers not to go looking for external sources of finance. For Brompton choosing a source of finance is all about control. Investors in search of short-term profits may divert them from their long-term goal of producing top quality bikes - though they're ready to take a loan rather than miss a business opportunity. Also: the difficult art of setting prices and the impact on their business of external factors. CLIP 4: FINANCING A START-UP: CLIMATECARS (5 mins)  How green taxi firm Climatecars found its start-up finance. The company's 22-year old founder got his business off the ground by raising £150,000 from family and friends. He needed still more money - and to get this he pitched his business plan to a roomful of "business angels". But has he given away too much ownership of his business?

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