Hello again. We're talking about sources of funding for corporate entrepreneurship. So let's talk about first about the Internal funding that you have available to the corporation. The first of those is probably the most commonly though of and that's the capital budget. It is a budget, designed to make investments that increase the value of the corporations overall enterprise. The capital budgets for most corporations are controlled by an internal group of people who allocate. The capital budget based upon the projects that are presented and internal rates of return or the net present values of those projects. Again the capital budget of any corporation is, first it's finite. So it's not an unlimited source of funds. And I think one of the things that can have a significant impact on you as a corporate entrepreneur is that any capital budget expenditure that is made has a direct impact on what we call return on capital employed. It's just another name for return on investment at the corporate level. And that is a significant corporate metric for most corporations, the return on capital imports. So if you advance a project to this group and they need to use capital money budget to fund it, that's increasing the capital, that's increasing the asset base from the capital employed base. And so you have to generate enough returns to make sure you clear the hurdle rate that's been established for the corporation. And that your investment doesn't necessarily reduce return on capital. Interestingly enough, even though you might meet all the criteria for the project, meaning you've got a project which generates revenue and/or is strategic and it also has an acceptable return rate which is in excess of the established hurdle rate. You still may not get the money because again it's a finite resource and you're competing with other people in the organization who have sho are going after the same funds. In addition to the capital budget there's also something called an operating budget and that's basically what is spent by departments by measured groups or operating costs used year after year. Again, that's normally controlled by an internal group that is allocated to various projects based upon those projects returns, it's also finite. The only difference, well I shouldn't say the only difference, a major difference in an operating budget or advancing a project which impacts on the operating budget versus one that impacts on the capital budget. If it's an operating budget spend, it doesn't have a direct impact on return on capital employees, although they're still going to want to see that project have a return, which is the next steps of a hurdle rate. And again, it's finite, so therefore, you're still competing against other projects, and you still may not get the allocation of [INAUDIBLE] funds even though your project meets all the criteria needed for that group too to make an allocation. So those are primarily two sources of internal funding that you will come across as a corporate entrepreneur.
