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FILM: Finance In Business 1: Starting A Business
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DVD (schools and colleges) [£47.00 plus VAT]
DVD (universities and businesses) [£97.00 plus VAT]
1 year streaming (schools and colleges) [£23.50 plus VAT]
1 year streaming (universities and businesses) [£43.50 plus VAT]
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Qty:
29 mins, 2008
[password required]
Key Topics
Finance
Start-ups
Ownership
You can have a great product, great marketing ideas, but if you don't understand how finance works, you're in trouble. This is an entertaining guide to sources of finance for business start-ups:
CASE STUDIES:
Using real-life businesses, the film illustrates the pros and cons of different sources of finance.
Loans
are repayable, with interest, regardless of the company's ability to pay.
Share capital
is more flexible, but it means losing some control. Other sources of finance include grants, and pooling money through partnerships.
ROLE OF BANKS:
Banks play a major park in funding start-ups, through loans and overdrafts.
Venture capitalists
are also an important source of finance. A business's
creditors
are, in effect, a source of finance, too. By waiting for you to pay, they're lending you money - even though they wish they weren't!
OVERALL MESSAGE:
Setting up a business is
not easy
. It takes luck, determination and good control of the money side.