This document discusses the importance of finance in business education. It defines finance as the study of money within a firm and its management. The document explains that businesses need finance to start up, expand production capacity, develop new products, enter new markets, and for day-to-day operations. It identifies different types of finance such as public, private, personal, and corporate finance. The document states that finance is called the "lifeblood of business" because a business needs financing from the starting point and to maintain and grow operations. It also outlines sources of finance for starting a new business, including internal sources like ownership capital and external sources like non-ownership capital.