q/+9]kriU68 "C[RV6.h[IW q24?b#Ht+Eh-G\G-.B$O#W_~'z_Xh>G?usD&Rko`u!2YfS&D }pF By sourcing finance from itself, a business does not allow external parties to control it and take over the ownership. endobj There are three common types of internal sources of finance: Fig. It allows an organization to maintain full control. You may also have a look at the following articles. For example, a start-up sells the first batch of stock for 5,000 cash which it had bought for 2,000. Internal Source of finance doesnt provide any tax benefits whereas External Source of finance may involve paying interest which helps in tax. Lets understand them in a bit of depth. If you said internal, you're right. Similarly, the applications of technology systems by employers should be utilized with the . GoCardless helps you automate payment collection, cutting down on the amount of admin your team needs to deal with when chasing invoices. In fact, the use of credit cards is the most common source of finance amongst small businesses. Reduced liquidity: it limits the amount of money that company has on hand which can make it more difficult to pay bills or suppliers. Probably the first and foremost, being the quantum of finance required. Short term finances are available in the form of: Sources of finances are classified based on ownership and control over the business. This may include bank loans or mortgages, overdrafts, new share issues, hire purchases, government grants, loans from friends and family, or trade credit. 0000000955 00000 n The founder provides all the share capital of the company, retaining 100% control over the business. On the other hand, when the funds are raised from the sources external to the organization, whether from private sources or from the financial market, it is known as external sources of finance. Which of these are internal sources of finance? 1- Availability of the source 2- Cost of the source 3- Need for working capital (golden rule) 4- Urgency for source of finance 5- Leverage rate (the extent of dependency on external debt to finance business operations) 6- The ratio of fixed assets to current assets. 9 0 obj Two further loan-related sources of finance are worth knowing about: Share capital - outside investors For a start-up, the main source of outside (external) investor in the share capital of a company is friends and family of the entrepreneur. 5 years), the rate of interest and the timing and amount of repayments. endstream endobj 145 0 obj <> endobj 146 0 obj <>stream It can be personal debt facilities which are made available to the business. Retained Earnings Formula. 0000001188 00000 n In none of those countries does the stock market (i.e., equities) supply more than 12 percent of external finance. It can include profits made by the business or money invested by its owners. There are several types of internal sources of finance a business can raise. The source amount is less and used in limited numbers. External financing comes from outsider investors, which can include shareholders or lenders who may expect either a percentage of the business or interest paid in exchange. The idea is to limit the business within a boundary (maybe not to grow so big). Running this blog since 2009 and trying to explain "Financial Management Concepts in Layman's Terms". /Resources 3 0 R Thus, it is necessary to understand the features of different sources of finance. These two parameters are an important consideration while selecting a source of funds for the business. External financing, on the other hand, can be vitally important for small and start-up businesses that need a cash infusion in order to get off the ground. 0 As discussed at the beginning of Section 1.1, these can be further divided into debt and equity finance. In contrast, external sources of finance include Financial Institutions, Loan from banks, Preference Shares, Debenture, Public Deposits, Lease financing, Commercial paper, Trade Credit, Factoring, etc. << However, borrowing in this way can add to the stress faced by an entrepreneur, particularly if the business gets into difficulties. The business. If the company funds too much from its resources, it would be difficult for the company to expand the business. These sources always incur interest charges on borrowed money. /Type /Page However, where these funds are not sufficient for the business requirements, businesses have to turn to outside entities to raise funds.Tax considerations may also make entities choose between internal and external sources of finance. Businesses in infancy stages prefer equity for this reason. High-profit making entities can however use these for. Factors that affect the choice of an appropriate source of finance. External is correct. The idea is to expand from local to national to global. Loss making companies may also have to rely on external sources of finance to fund their day to day operations. /MediaBox [0.0 0.0 408.24 654.48] They do it by using owners funds, retained profits, or selling unwanted assets. Internal sources of finance alludes to the sources of business finance that are generated within the business, from the existing assets or activities. Your email address will not be published. Bank overdrafts are excellent for helping a business handle seasonal fluctuations in cash flow or when the business runs into short-term cash flow problems (e.g. This can also include business assets, which emerge as an important option when you are looking for the right options to convert and reduce your business. Finance is a constant requirement for every growing business. Internal and external sources of finance are both critical, but the companies should know where to use what. Internal sources of finance include Sale of Stock, Sale of Fixed Assets, Retained Earnings and Debt Collection. These are funds that are raised through external means i.e., from outside entities.External sources of funds can be either raised through debt or equity. Internal sources and external sources are the two sources of generation of capital. They prefer to invest in businesses with high growth prospects. He is passionate about keeping and making things simple and easy. The process of using company's own funds and assets to invest in new projects is called internal financing. For instance, if fixed assets, which derive benefits after 2 years, are financed through short-term finances will create cash flow mismatch after one year and the manager will again have to look for finances and pay the fee for raising capital again. The cost of borrowed funds is low since it is a deductible expense for taxation purpose which ends up saving on taxes for the company. Venture capitalists rarely invest in genuine start-ups or small businesses (their minimum investment is usually over 1m, often much more). This may include bank loans or mortgages, and so on. As there are no interest rates, this is a relatively cheap method to raise finance. Equity Financing: It is all about the shares which indicate the ownership stake of the firm by the companies and the interest of the shareholders. Sourcing finance from itself, a business does not allow external parties to ___ it and take over the ___. stream redundancy or an inheritance. Angels tend to have made their money by setting up and selling their own business in other words they have proven entrepreneurial expertise. External sources of funds involve incurring a cost of raising the funds. Give an example of assets a business can sell to raise the internal sources of finance. Sources of finance for business are equity, debt, debentures, retained earnings, term loans, working capital loans, letter of credit, euro issue, venture funding, etc. Information and Communication Technology in Business, Evaluating Business Success Based on Objectives, Business Considerations from Globalisation. Long-term financing sources can be in the form of any of them: Medium term financing means financing for a period of 3 to 5 years and is used generally for two reasons. External sources of finance are those that come from outside your business. external financial sources, and of financing for the corporate sector in the European Union and Southeastern countries, with special attention devoted to Macedonia. While internal sources of finance are economical, external sources of finance are expensive. Sources of finance for business are equity, debt, debentures, retained earnings, term loans, working capital loans, letter of credit, euro issue, venture funding, etc. Why would a business be unable to raise internal sources of finance? For example, cash profit generated by a business if alternatively deposited in the bank can earn interest which would be foregone for being used as a source of finance. The GoCardless content team comprises a group of subject-matter experts in multiple fields from across GoCardless. 4 0 obj [9 0 R 10 0 R] All of these methods have advantages and disadvantages that have to be considered carefully in order to raise a sufficient amount of money on time. Another feature of the borrowed fund is a regular payment of fixed interest and repayment of capital. These are well covered in manuals and textbooks. While these types of finances can sometimes be more difficult to raise, they are also often larger than internal finance options and so can be important to look at when you need a big cash boost for your business. They are divided into two parts based on nature and that is equity financing and debt financing. If a business does not earn enough money to cover its expenses, which type of internal sources of finance is it unable to use? Business angels are the other main kind of external investor in a start-up company. If we make a quick comparison between these two, we would see that the importance of both of them is similar. r raw materials + allowance for amounts that will be owed by customers once sales begin), Growth and development (e.g. When you are using internal sources of finance, then you do not have the same repayment commitments as you would with external debt. An external source of finance is the one where the finance comes from outside the organization and is generally bifurcated into different categories where first is long-term, being shares, debentures, grants, bank loans; second is short term, being leasing, hire purchase; and the short-term, including bank overdraft, debt factoring. Read more at her bio page. The entrepreneur takes out a second or larger mortgage on a private property and then invests some or all of this money into the business. The usage of the wrong source increases the cost of funds which in turn would have a direct impact on the feasibility of the project under concern. External sources are generally used for setting up a business or at later stages for growth and expansion, when funds generated from internal operations do not suffice. One, when long-term capital is not available for the time being and second when deferred revenue expenditures like advertisements are made which are to be written off over a period of 3 to 5 years. Low cost. Privacy, Difference Between Internal and External Communication, Difference Between Private Finance and Public Finance, Difference Between Internal and External Reconstruction, Difference Between Internal and External Economies of Scale, Difference Between Internal and External Stakeholders, Difference Between Internal and External Recruitment. A florist in London runs a very profitable business. 0000001280 00000 n What do you do? Selecting the right source of finance involves an in-depth analysis of each source of fund. Subscription model vs transaction model which is better? Considerably higher amounts can be generated through external sources of finance. Popular examples of external financing are. StudySmarter is commited to creating, free, high quality explainations, opening education to all. Internal sources of finance refer to money that comes from the business and its owners. Outside? In the theory of capital structure, internal financing is the process of a firm using its profits or assets as a source of capital to fund a new project or investment.Internal sources of finance contrast with external sources of finance.The main difference between the two is that internal financing refers to the business generating funds from activities and assets that already exist in the . %%EOF So, whether you're starting your business or just studying for a business degree, keep reading to learn more about the management of internal sources of finance. The finance is sourced from outside of the business. Which one do you think comes from inside the business? Examples of external sources of finance include debt funds such as loans, advances, deposits taken and equity funds such as equity and preference share capital. Which type of internal sources of finance can be used by a new business? Sources of financing a business are classified based on the time period for which the money is required. Business Risk vs Financial Risk. /Contents 4 0 R These sources of funds are used in different situations. Re-mortgaging is the most popular way of raising loan-related capital for a start-up. Internal sources of finance do not require collateral, for raising funds. Most of the time, collateral is required (especially when the amount is huge). The shares of well-established, financially strong and big companies having remarkable Record of dividends and earnings are known as: Government grants are generally offered to businesses in: What is the difference between saving and investing? There are many different ways you can fund your business and raise money to support your operations. * Please provide your correct email id. In this article, we will talk about both of these sources of finance and do a comparative analysis of internal and external financing sources. This article is a guide to the key differences between internal vs. external financing, infographics, comparative charts, and practical examples. It can include profits made by the business or money invested by its owners. There is no requirement of collateral in internal sources of finance for raising funds. real source of vulnerabilities are maturity and currency mismatches and that the breakdown between domestic and external debt makes sense only if this breakdown is a good proxy for tracking these vulnerabilities. When it comes to keeping your business running, its important that you know where your finances are coming from. Give an example of an external source of finance. Which sources of finance come from outside the business? External Financing Infographics, Internal vs. By investing retained profits, the company increases the overall company's value, but it might also not satisfy shareholders who were counting on getting dividends. The theory is based on What are the Factors Affecting Option Pricing? /im84 8 0 R Which of these are NOT internal sources of finance? }ptFcc*+H"(g Yc(V|F6jO^P6` rF>bN:V*WY;fn3>ytPT=`zAR}Jo-^ZVU_;u g>wx|hkAe%@3 ;Zq? fs$ The right approach uses the right proportion of internal and external financing. They can be raised by the business itself or by its owners. As these are raised from outside entities, they need to be compensated for providing funds. Privately, I am of the opinion that employers should ensure that there are periodic audits (both internal and external audits) to help highlight possible areas of concerns that can result in dangerous and precarious situations for all the stakeholders of the organization and the firm itself. Can a new business use retained profits to raise funds? .css-rkg5nq{padding:0;margin:0;}Last editedNov 2020 2 min read. They often come into play when you re looking into new ideas, products or businesses but are also vital options for businesses with limited internal funds. Examples of internal sources of finance include profits arisen from business operations, funds generated from sale of assets of the business. This can be personal savings or other cash balances that have been accumulated. The cost of external sources of finance has to be paid to outside entities and is thus much higher. Boston Spa, There are several internal methods a business can use, including owners capital, retained profit and selling. A simple guide to product pricing and how to price a product effectively. The recent switch from external to domestic borrowing may just lead countries to trade one type of vulnerability for another. The term external sources of finance refers to money that comes from outside the business. /CVFX2 6 0 R There is no dilution in ownership and control of the business. Sources of capital are the most explorable area, especially for the entrepreneurs who are about to start a new business. Opinions differ on whether friends and family should be encouraged to invest in a start-up company. When and how long the finance is needed for? Still, to discuss, certain advantages of equity capital are as follows: Borrowed or debt capital is the finance arranged from outside sources. Retained profits refer to a portion of a company's earnings that is kept within the business rather than being distributed to shareholders as dividends. Right from the start up stage to day to day operations to funding expansions, finances are required at each stage. This can mean money that comes from loans or investors through stocks and shares as well as lines of credits that can be opened with banks or financial institutions. One of the most common examples of an external source of finance is a line of credit or a loan taken out with a bank. Finance is generated within the business. There is a requirement of collateral for all time to raise funds from external sources. This is what we call. This can be quicker and cheaper to arrange (certainly compared with a standard bank loan) and the interest and repayment terms may be more flexible than a bank loan. Decreased earnings: using internal sources of finances reduces earning available to owners and shareholders. This type of financing includes bank loaning, corporate bonds, leasing, commercial paper, trade credits, debentures, etc. When a company sources the funding from its sources, i.e., its assets, from its profits, we would call it an internal source of financing. These sources of debt financing include the following: In this type of capital, the borrower has a charge on the assets of the business which means the company will pay the borrower by selling the assets in case of liquidation. External sources of finance are funds available to business organisations that are derived from outside the boundaries of the organisation itself. Sign up to highlight and take notes. This includes all your day-to-day profit-boosting operations, such as the sale of stock or services. It is perhaps the most challenging part of all the efforts. The need for short-term finance arises to finance the current assets of a business like an inventory of raw material and finished goods, debtors, minimum cash and bank balance etc. Company Reg no: 04489574. International Financing by way of Euro Issues. The process of using company's own funds and assets to invest in new projects is called internal financing. What are the disadvantages of internal sources? A start-up company can also raise finance by selling shares to external investors this is covered further below. List of the Advantages of Internal Sources of Finance 1. It would be uncomplicated to classify the sources as internal and external. Investing personal savings maximises the control the entrepreneur keeps over the business. Neither ownership dilutes nor fixed obligation/bankruptcy risk arises. a major customer fails to pay on time). The source of finance has to be decided taking into consideration several factors including quantum of finance, cost of finance, time frame for payback etc. Internal sources of finance consist of: Personal savings Retained profits Working capital Sale of fixed assets. endstream endobj 141 0 obj <>>>>>/Type/Catalog>> endobj 142 0 obj <>/ProcSet[/PDF/Text/ImageB]/XObject<>>>/Rotate 0/Type/Page>> endobj 143 0 obj <> endobj 144 0 obj <>stream This is the most fundamental aspect of your business, i.e., the product or service exchanged for payment. Test your knowledge with gamified quizzes. The points of difference between internal and external sources of finance have been listed below: The choice of source of finance depends on several parameters. The internal sources of finance come from inside the business and external sources of finance some from outside the business. There are many characteristics on the basis of which sources of finance are classified. Save my name, email, and website in this browser for the next time I comment. External Financing Differences, Comparison between Internal and External Financing (Table), Internal vs External Financing | Top 7 Differences (Infographics), Differences Internal Audit vs. She has worked in finance for about 25 years. Raising finance for start-up requires careful planning. A business faces three major issues when selecting an appropriate source of finance for a new project: 1. 1 0 obj The term external sources of finance refers to money that comes from outside the business. >> West Yorkshire, Bank overdraft is a good source of finance for _________. This is because by taking money from itself, a business will not have to pay additional fees. Sanjay Borad is the founder & CEO of eFinanceManagement. However, using owners funds as a source of finance is not always possible, as entrepreneurs might not have enough money to bring into the business. Short-term financing is also named as working capital financing. H|V8'[T& jkxk^F`l!_el/,z4'(YR($JRCDMi$xJKai&|:-)HbXISDD08O(`4pJ\c$!kmQZKn`(!xa7$#IKzO}$ e]TR9#AH !n+3X9fr_r}ga(~n4TKC{8BCv896o=RD hF[;4 {8Vn,U VL6*..67JUp[)z[). *\}+/Cm[TP-k#1+yHO;wK B* sHg{jHW(4 Duv1=Uv E{wAef4Eb^s|kx-u5,%8RyBbg11]\5Q1ai>k3dLkJ1Ey}-TOhsLatLOlhfhAU:jd{4D~5`hBC6 AP rlsST,,V$]4oF]d2 UJ;|:,B&KKGM leV Give an example of an advantage of internal sources of finance. Difference Between Code of Ethics and Code of Conduct, Difference Between Mediation and Conciliation, Difference Between Micro and Macro Economics, Difference Between Developed Countries and Developing Countries, Difference Between Management and Administration, Difference Between Qualitative and Quantitative Research, Difference Between Sourcing and Procurement, Difference Between National Income and Per Capita Income, Difference Between Departmental Store and Multiple Shops, Difference Between Thesis and Research Paper, Difference Between Receipt and Payment Account and Income and Expenditure Account. However, there are pitfalls. The source amount in external financing is large and has several uses. Internal sources of funding dont require any collateral. This may include bank loans or mortgages, and so on. As you might have noticed, none of the internal sources of finance involves costs such as interest rates or other fees. /Filter /FlateDecode Sources of finance state that, how the companies are mobilizing finance for their requirements. You will also see Venture Capital mentioned as a source of finance for start-ups. Internal sources do not require the presence of any security or collateral. It involves using methods to increase our daily profits, such as selling stocks or services. It has various categories, the first of which is of long duration, they include shares, debentures, grants, bank loans, etc. Retained profits refer to a portion of a company's earnings that is kept within the business rather than being distributed to shareholders as dividends. This is often utilised by businesses that are just starting up to constitute the initial cash infusion, although it can also be used throughout different points of the business. Promoters start the business by bringing in the required money for a startup. Regardless, they're still useful, and often necessary. Whats the difference between internal and external sources of finance? Internal sources of finance are the funds readily available within the organisation. Internal sources of finance represent means of generating funds by the business itself from its own operations. 1st Asia Pacific Business and Economics Conference (APBEC 2018) Equity funds on the other hands carry dividend as compensation. In doing so, it retains both control and ownership. The authors and reviewers work in the sales, marketing, legal, and finance departments. Internal sources of finance involve costs such as interest rates or other fees. Answers 1. Internal financing comes from the business. Is huge ) business finance that are generated within the organisation itself for raising funds of and! Methods to increase our daily profits, such as interest rates or other fees infographics, comparative,. One do you think comes from outside the business this blog since 2009 and trying explain. Funds available to business organisations that are generated within the business and its owners raised by the business venture rarely... Are not internal sources of finances are coming from internal and external sources of finance pdf noticed, none of the company retaining! Business can raise which helps in tax from external sources of finance refers money. Capital of the business required ( especially when the amount of admin your team needs to deal with when invoices. Start the business similarly, the use of credit cards is the most popular way raising. Finances are available in the form of: sources of finance are most! Choice of an external source of finance come from outside of the time period which... Be further divided into debt and equity finance sourced from outside entities and is Thus much higher their own in... Daily profits, or selling unwanted assets founder & CEO of eFinanceManagement much more.. 408.24 654.48 ] they do it by using owners funds, retained profits, such as rates... Affect the choice of an external source of fund a look at internal and external sources of finance pdf beginning Section! Especially for the business itself from its own operations into debt and equity finance,! Each stage operations, funds generated from Sale of assets of the.... Thus, it retains both control and ownership, email, and finance departments discussed at the articles! 1M, often much more ) rarely invest in businesses with high growth prospects to! External to domestic borrowing may just lead countries to trade one type internal. To explain `` Financial Management Concepts in Layman 's Terms '' be utilized with the which one you! Foremost, being the quantum of finance for their requirements endobj there several.: Fig 1m, often much more ) for _________ Option Pricing of finances reduces earning available to business that... Outside the business for a start-up sells the first and foremost, being the quantum of finance from! External sources of finance, then you do not require the presence of any security or.... Finance that are derived from outside the business the term external sources of finance represent means of generating funds the... Common types of internal sources of finance include profits made by the business daily profits, such as interest,... Product effectively explain `` Financial Management Concepts in Layman 's Terms '' entities and is internal and external sources of finance pdf much.... Why would a business can raise example of an external source of funds are used in different situations of! Earning available to owners and shareholders proven entrepreneurial expertise to rely on external sources finance... Outside of the company to expand from local to national to global by a new business the existing or., none of the time, collateral is required involve incurring a cost of raising loan-related capital for start-up! You will also see venture capital mentioned as a source of finance include Sale stock... Any security or collateral named as Working capital Sale of fixed assets a profitable! Boston Spa, there are several types of internal sources of finance state that, how the companies know! It would be uncomplicated to classify the sources of finance refers to money that comes from the business is! Outside your business and its owners maximises the control the entrepreneur keeps over the business > > West,., Evaluating business Success based on the basis of which sources of finance are classified based nature... Of all the efforts companies should know where your finances are coming from to! Is to expand from local to national to global proportion of internal sources and external sources of finance are,! Leasing, commercial paper, trade credits, debentures, etc of external investor a... The other hands carry dividend as compensation part of all the share of... With the paper, trade credits, debentures, etc ( maybe not to grow big... Collateral in internal sources of finance amongst small businesses ( their minimum investment is usually 1m... Refer to money that comes from outside the business or money invested by its owners providing. Profitable business in multiple fields from across GoCardless of different sources of capital business use retained profits Working Sale... In internal sources of finance are classified based on the time period which! Capital of the organisation owed by customers once sales begin ), the applications of systems... Finance consist of: personal savings or other cash balances that have been accumulated an... To day operations to funding expansions, finances are required at each stage are about to start a new:... Profits, or selling unwanted assets is covered further below as discussed at beginning! Generated through external sources of finance involves costs such as interest rates or cash! The importance of both of them is similar payment of fixed assets Option Pricing a source of for! This may include bank loans or mortgages, and so on some from your! By selling shares to external investors this is covered further below in this browser the. Source of finance come from inside the business several types of internal sources of finance alludes the... Always incur interest charges on borrowed money this can be personal savings or other fees do you comes! ), the use of credit cards is the most common source of finance are economical, sources. Materials + allowance for amounts that will be owed by customers once sales begin ) the. Debt and equity finance quick comparison between these two, we would see that the importance of of... Big ) a regular payment of fixed interest and repayment of capital are the other main kind of external in... Growing business to all all your day-to-day profit-boosting operations, funds generated from Sale of stock or services two we... You know where your finances are classified internal and external sources of finance pdf on Objectives, business Considerations from Globalisation investment is over. Start a new project: 1 can be used by a new business finance can personal. Stage to day operations, these can be further divided into two parts based on ownership control! A look at the beginning of Section 1.1, these can be generated through sources.: Fig business operations, such as selling stocks or services loan-related capital for a new.... /Mediabox [ 0.0 0.0 408.24 654.48 ] they do it by using owners funds, retained profit selling! Selecting a source of finance, then you do not require the presence any. Involves an in-depth analysis of each source of finance some from outside the.! Bank overdraft is a constant requirement for every growing business and has several uses, need... To fund their day to day to day operations to funding expansions, finances are classified based on time! Period for which the money is required profits Working capital financing of fund be used by a business! Years ), the rate of interest and repayment of capital invested by its owners quality explainations, opening to... Timing and amount of repayments less and used in limited numbers Terms '' allowance for amounts that be..., business Considerations from Globalisation the importance of both of them is similar finance a business can use, owners... Amount in external financing, infographics, comparative charts, and finance departments major customer fails to additional... Objectives, business Considerations from Globalisation uses the right source of finance 5,000 cash which had... Own funds and assets to invest in genuine start-ups or small businesses ( their minimum investment usually! Are an important consideration while selecting a source of finance state that, the. Finance 1 ownership and control over the ___ one type of internal and financing. Or other fees unwanted assets an in-depth analysis of each source of funds for the business ) equity on. Communication technology in business, from the start up stage to day operations more ) two parameters are important! Had bought for 2,000 give an example of assets a business will not have to pay additional.! Stocks or services they can be personal savings maximises the control the entrepreneur keeps over the ___ internal external. Sources of finance are economical, external sources of finance involve costs such as selling or... A simple guide to the key differences between internal vs. external financing is also named as Working Sale... Its resources, internal and external sources of finance pdf is necessary to understand the features of different sources of capital kind of external investor a... In businesses with high growth prospects usually over 1m, often much more ) for! Once sales begin ), the rate of interest and the timing and amount of.. Include bank loans or mortgages, and so on own operations and how long the finance sourced... Sourcing finance from itself, a business does not allow external parties to ___ it take. S own funds and assets to invest in new projects is called internal financing: 04489574. International by... 5 years ), the use of credit cards is the most common of. Using company & # x27 ; re still useful, and website in this browser for the next I., how the companies should know where to use what increase our daily profits such. 0.0 0.0 408.24 654.48 ] they do it by using owners funds retained! N the founder & CEO of eFinanceManagement these sources of generation of capital from its operations! Other hands carry dividend as compensation the organisation itself ( maybe not grow! Loans or mortgages, and finance departments 0 R these sources of consist... To keeping your business running, its important that you know where to use what increase daily...
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