Share with everybody today " in financial mode source financing " . Substantially of industry financing means can be divided for inside source financing and outside source financing two kinds. The choice of means of different company financing, it is the result that the enterprise leaves rational alternative in particular financing environment. Financing of the industry in market economy basically is the capital structure with fit choice, call financing the structure again. Company capital structure is the channel of different financing source that points to an enterprise between, and the mutual connection between the capital that raises money through different origin channel and rate concern, the rate of the capital stock that includes hold of total assets and indebted rate, different partner, rate between different debt. The article basically gives the source inside everybody introduction financing.
Source financing is the capital that shows the company manages mobile result to arise inside, namely the capital that company in-house be in harmony opens, it basically is mixed by accrual of enterprise interior keep depreciation is formed, it is to show the enterprise is ceaseless the deposit oneself (basically include keep gain, depreciation and norm to be in debt) the process that translate into invests. This kind of means can be formed to the capital of the enterprise have primitive sex, autonomy, low cost and the characteristic that fight a risk and advantage, it is the industry survives more as indispensable as development main component. From go up at all solve medium and small businesses to raise fund directly the only way of difficult problem, ought to be to widen inside source financing method, the cause outside get through is immediate financing passageway, ensure inside source financing arrives outside the cause is immediate financing and outside indirect financing goes to the source again inside the circular process of the alternant changes of source financing is able to come true smoothly.
Carry out in the enterprise inside source financing when, basically put in defect of the following actor
The advantage of internal financing:
1. autonomy: Internal financing originates own reserves, appear on the market the company has very big autonomy when use, want shareholder plenary meeting or approval of board of directors only can, do not accept the external world basically restrict and affect.
2. financing cost is inferior: Company outside financing, no matter use stock, bond or other way to need to pay many fee, for instance certificate business expenses, accountant charge, retaining fee is used etc. And use did not allocate profit to need not pay these fee. Accordingly, in financing cost opposite taller today, use did not allocate profit financing very beneficial to the company.
Every accrual of won't attenuant original partner mixes 3. control counterpoises: Every accrual of won't attenuant original partner mixes the capital of rights and interests that did not allocate profit financing and raises control counterpoises, return the only capital fund that can raise a company at the same time, supportive company expands the financing of other means.
4. makes partner scores the gain on taxation: If the company allocates profit after tax partner entirely, need pay individual income tax; Contrary, little hair dividend may cause company share price to rise, partner can sell partial share will replace its dividend income, and the capital benefit of place pay gets tax general far under individual income tax.
The defect of internal financing:
1. internal financing suffers company profit ability and accumulated effect, financing dimensions gets bigger restrict, undertake massive financing impossibly.
The scale of 2. allocation dividend can get the limitation of certain partner, they may consider from self interest, requirement dividend pays rate to want to maintain go up in certain level.
3. dividend has paid to be gone against less attract dividend preference model orgnaization investor, reduce the appeal that the company invests.
4. dividend is too little, the likelihood affects the outside financing henceforth. Dividend pays very few, the likelihood explains company profit ability is poorer, company cash is relatively nervous, do not accord with the condition of a few outside financing.
According to authoritative investigation, the financing order that is the private enterprise that basically runs a form with the enterprise currently is accumulated for the enterprise roughly, raise the wind of friend of bank or credit agency loan, kin, folk is leasehold etc. An enterprise solves the process of financing, it is essentially it is core with financing, those who solve is the complete work process of business management of enterprise, management reached the designated position, fund nature also came.
The orgnaization of chain of hairdressing of preserve one's health of doctor of traditional Chinese medicine that the whole nation embraces and chain of close a hunderd schools join in the limited company of Beijing Camry science and technology of business (alias) old president is lacking cash anxious, according to company financial budget, should achieve it is bigger conduct propaganda, good to hit the brand, target that is able to enlarge market share, need 30 million yuan of capital throw again. What the company goes is chain management course, adopted join in collaboration manages mode. So be about to go join in had managed besides, join in place is earned to need to manage fund in the system from oneself.
Farther design of company of Camry science and technology joins in maturely system, fixed position of value of systematic research product, market, join in the problem of the respect such as collaboration. For instance, how to give the largest support to joining in, include industrial and commercial charter, content shedding to deserve to send, the product is used, sale skill, after service, employee grooms, talent drive. As to to joining in of the orgnaization groom, consider the word of cost issue, professional controller is OK itinerate speech on the spot is directive, also will conduce to suit doing good strategy actually to adjust. If such, join in well in order to give aid to business only with capital of every months of 30 thousand yuan of steam again, many 100 a year may steam again many yuan 3000! Go to the capital of steam again considering how to manage sale of dilate of brand, market, product to wait a moment again at this moment, introduce join in newly business, be like some of loop to go down, the promotion of the market share of individual brand, technology brand, company will inestimable!
Financing is an omnibus job. In this case, to solve financing problem, it is to solving manpower essentially resource management, join in business government, groom the problem such as management, market and brand management. These problems were solved, financing problem also was solved. Say so: An enterprise solves the process of financing, it is essentially it is core with financing, those who solve is the complete work process of business management of enterprise, also can make at the same time enterprise avoid risk, find a successful way.
The author is exclusive public date JRMS168
