Entrepreneurial Financial Management An Applied Approach

ISBN-10: 0765627264
ISBN-13: 9780765627261
Edition: 3rd 2013 (Revised)
List price: $79.95 Buy it from $36.18
eBook available
This item qualifies for FREE shipping

*A minimum purchase of $35 is required. Shipping is provided via FedEx SmartPost® and FedEx Express Saver®. Average delivery time is 1 – 5 business days, but is not guaranteed in that timeframe. Also allow 1 - 2 days for processing. Free shipping is eligible only in the continental United States and excludes Hawaii, Alaska and Puerto Rico. FedEx service marks used by permission."Marketplace" orders are not eligible for free or discounted shipping.

30 day, 100% satisfaction guarantee

If an item you ordered from TextbookRush does not meet your expectations due to an error on our part, simply fill out a return request and then return it by mail within 30 days of ordering it for a full refund of item cost.

Learn more about our returns policy

Description: This new edition presents an applied, realistic view of entrepreneurial finance for today's entrepreneur. The book provides an integrated set of concepts and applications, drawing from entrepreneurship, finance, and accounting. The book's contents  More...

Used Starting from $36.18
New Starting from $91.60
eBooks Starting from $31.98
Rent
Buy
what's this?
Rush Rewards U
Members Receive:
coins
coins
You have reached 400 XP and carrot coins. That is the daily max!

Study Briefs

Limited time offer: Get the first one free! (?)

All the information you need in one place! Each Study Brief is a summary of one specific subject; facts, figures, and explanations to help you learn faster.

Add to cart
Study Briefs
Psychology Online content $4.95 $1.99
Add to cart
Study Briefs
Lifespan Human Development Online content $4.95 $1.99
Add to cart
Study Briefs
Sociology Online content $4.95 $1.99
Add to cart
Study Briefs
Business Ethics Online content $4.95 $1.99

Customers also bought

Loading
Loading
Loading
Loading
Loading
Loading
Loading
Loading
Loading
Loading

Book details

List price: $79.95
Edition: 3rd
Copyright year: 2013
Publisher: Routledge
Publication date: 10/15/2012
Binding: Paperback
Pages: 312
Size: 7.25" wide x 9.25" long x 0.75" tall
Weight: 1.518
Language: English

This new edition presents an applied, realistic view of entrepreneurial finance for today's entrepreneur. The book provides an integrated set of concepts and applications, drawing from entrepreneurship, finance, and accounting. The book's contents are designed to follow the life cycle of a new business venture. Topics are presented in a logical order, as entrepreneurs will likely face them as they begin the process of business start-up and move into growing the business.Key changes to this edition include:--Added material on how the book's financial templates align with business modeling.--The impact of the 2008 recession and its economic realities are addressed throughout the book.--The Millennial Generation's unique aspirations and goals are discussed in terms of entrepreneurship.--The debt and equity financing section has been updated to reflect changes in regulations and evolving investor expectations.--The bootstrapping chapter has been revised to reflect the explosion of social media and its impact on bootstrap marketing.--The impact of the 2008 recession on the exit process for entrepreneurs.A comprehensive spreadsheet financial template is included with the book. This tool allows for the application of many of the concepts to actual businesses, and will be a valuable supplement to the process of developing a full business plan. The spreadsheet financial templates are available for unlimited free downloads at www.drjeffcornwall.com.

Preface
Introduction
The Importance of Knowing the Numbers
Measuring Success
What Is Entrepreneurial Finance Management?
What Makes Entrepreneurial Finance Similar to Traditional Finance?
What Makes Entrepreneurial Finance Different from Traditional Finance?
How the Lack of Historical Data and Liquidity Complicates the Practice of Finance in Early Stage Firms
Using Stakeholder Analysis to Guide Ethical Decision Making
Summary
Building a Financial Forecast
Setting Financial Goals
Wealth Versus Income
Integrating Nonfinancial Goals into the Business
The Importance of Self-Assessment
The Self-Assessment Process
The Business Model and Business Plan
Summary
Individual Entrepreneurial Self-Assessment
Partnership and Shareholder Assessment
Understanding Financial Statements
The Accounting Equation
An Example
Basic Financial Statements
The Limitations of Business Financial Statements
Summary
Revenue Forecasting
Common forecasting Mistakes
The Link Between the Marketing Plan and Revenue Forecasts
Creating Scenarios
The Link Between the Revenue Forecast and the Cash Flow Forecast
The Impact of Business Type on Revenues
Quantitative Forecasting Techniques
The Importance of Revenue Forecasting
Summary
Expense Forecasting
Defining Costs
Cost Behavior
Breakeven Analysis
Expense Forecasting: Impact of Business Type on Expenses
Reducing Expenses Through Bootstrapping
Summary
Integrated Financial Model
The Entrepreneur's Aspirations Reconsidered
Contribution Format Income Statement
Earnings Before Interest and Taxes
Inventory of Assumptions
Social Ventures
Determining the Amount of Funds Needed
Using the Forecasting Template to Determine the Amount of Funds Needed
Time Out of Cash
Assessment of Risk Sensitivity
Integrating Financial Forecasts into Business Plan or Funding Document
Summary
Instructions for Using the Integrated Financial Statements Template
Managing the Financial Resources of a Venture
Monitoring Financial Performance
Tracking Assumptions
Establishing Milestones
Using Numbers to Manage
Financial Statement Analysis
Ratio Analysis
Working with Accountants
Summary
Day-to-Day Cash Flow Management and Forecasting
Why Is Cash Flow Different from Net Income?
Why Is an Accural-Based Income Statement Important?
How Is Cash Flow Measured?
Interpreting a Statement of Cash Flows: Direct Method
Statement of Cash Flows: Indirect Method
Investors' and Creditors' Use of the Cash Flow Statement
Effective Cash Management
The Emotional Side of Cash Flow Management
Summary
Sources of Financing
Financing Over the Life of a Venture
Common Misconceptions About Entrepreneurial Financing
The Diverse Nature of Business Financing
Financing Small Businesses with Modest Growth Potential
Financing High-Growth, High-Potential Ventures
Summary
Start-Up Financing from the Entrepreneur, Friends, and Family
Self-Financing
Advantages and Disadvantages of Self-Financing
Friends and Family Financing
Structure of Funds Invested
Summary
Bootstrapping
Why Bootstrap?
Bootstrapping Administrative Overhead
Bootstrapping Employee Expenses
Bootstrapping Operating Expenses
Bootstrap Marketing
The Ethics of Bootstrapping
Summary
External Sources of Funds: Equity
Angel Investors
Strategic Partners
Private Placement
Crowdfunding
SBIC
The Downside of Equity Financing
Working with Outside Investors
Summary
External Sources of Funds: Debt
Short-Term Debt
Long-Term Debt
Forms of Debt Overlooked by Entrepreneurs
Government Funding Through SBA
Working with Bankers
The Downside of Debt
Developing a Financing Plan
Summary
Financing the High-Growth Business
Integrating Profitability into the Business Plan
Stages of the Firm
Stages of Business Funding
The Dark Side of Venture Capital Financing
Initial Contact with a Venture Capitalist
Initial Public Offering
The Process of the IPO
Summary
Planning for the Entrepreneur's Transition
Business Valuation
General Concepts That Guide the Determination of Value
Basic Information Required for a Valuation
Discounted Cash Flow
Market Comparison Techniques
Summary
Exit Planning
Self-Assessment Revisited
The Ethical Side of the Entrepreneur's Transition
A Model of Exit Planning
Exit Options
The Process of Selling a Business
Postexit Issues
Summary
Index
About the Authors

×
Free shipping on orders over $35*

*A minimum purchase of $35 is required. Shipping is provided via FedEx SmartPost® and FedEx Express Saver®. Average delivery time is 1 – 5 business days, but is not guaranteed in that timeframe. Also allow 1 - 2 days for processing. Free shipping is eligible only in the continental United States and excludes Hawaii, Alaska and Puerto Rico. FedEx service marks used by permission."Marketplace" orders are not eligible for free or discounted shipping.

Learn more about the TextbookRush Marketplace.

×