Pearson Edexcel International A Level Business Unit 2.3.1. Planning a business and raising finance(5 complete lessons)

Pearson Edexcel International A Level Business Unit 2.3.1. Planning a business and raising finance(5 complete lessons)

1 Planning
a) Content of a business plan.
b) Relevance and uses of a business plan.
2 Internal finance
a) Owner’s capital: personal savings.
b) Retained profit.
c) Sale of assets.
3 External finance
a) Sources of finance and their suitability for different circumstances:
• family and friends
• banks
• peer-to-peer funding
• business angels
• crowd funding
• other businesses.
b) Methods of finance and their suitability for different circumstances:
• loans
• share capital
• venture capital
• overdrafts
• leasing
• trade credit
• grants.
4 Forms of business
a) Sole trader, partnership and private limited company (Ltd).
b) Franchising, social enterprise, lifestyle businesses, online businesses.
c) Growth to public limited companies (plc) and stock market flotation.
5 Liability
a) Implications of limited and unlimited liability, including advantages and disadvantages.
b) Finance appropriate for limited and unlimited liability businesses.