Book Summary of Finance for Entrepreneurs This book applies tools and techniques of corporate finance to the entrepreneurial venture. It closely follows a life-cycle of the firm approach, and does so in a very accessible and student-friendly way. The text introduces the theories, knowledge, and financial tools needed by an entrepreneur in starting, building, and finally harvesting a successful venture. The book focuses on sound financial management practices, how and where to obtain the financial capital necessary to run and grow the venture, and how and when to interact with the financial institutions and regulatory agencies central to financing ventures as they grow and ultimately look for liquidity for their investors.
Key Feature • Added focus on the indicators of financial distress: Ways to rescue a struggling venture is discussed before bankruptcy is the only alternative. • More ethics coverage: In light of unethical practices in the news during the past few years. • Expanded coverage of venture capital short-cut methods: This is useful for determining if a venture investment is worth pursuing. • Easy to Read: Text is written in a conversational, student-friendly tone. • Through End-of-Chapter Material: Material includes; Chapter Summary, Discussion Questions, Exercises, and Mini Cases.
Table of Contents Part I. Introduction. 1. Introduction and Overview. 2. From the Idea to the Business Plan. Part II. Organizing and Operating The Venture. 3. Organizing and Financing a New Venture. 4. Measuring Financial Performance. 5. Evaluating Financial Performance. Part III. Planning for The Future. 6. Financial Planning: Long-Term and Short-Term. 7. Types and Costs of Financial Capital. 8. Securities Law Fundamentals. Part IV. Creating and Recognizing Venture Value. 9. The Creation and Calibration of Value. 10. Venture Capital Valuation Methods. Part V. Structuring Financing for The Growing Venture. 11. Security Structure and Enterprise Value. 12. Professional Venture Capital. 13. Other Financing Alternatives. Part VI. Turnaround and Exit Strategies. 14. Harvesting the Business Venture Investment. 15. Financial Distress: Turnaround Opportunity or Liquidation. Part VII. Capstone cases. Case 1: Coral Systems, Inc. Case 2: Spatial Technology.