Entrepreneurial Financial Management: An Applied Approach (100 Cases) - Softcover

Jeffrey R. Cornwall; David O. Vang; Jean M. Hartman

Softcover

ISBN 10: 0765622920 ISBN 13: 9780765622921

Publisher: Routledge, 2009

Synopsis

This practical text presents an applied, realistic view of entrepreneurial finance for today's changing business environment. It provides an integrated set of concepts and applications, drawing from entrepreneurship, finance, and accounting, that will prepare aspiring entrepreneurs for the world they will most likely face as they start their new businesses. The contents are designed to follow the life cycle of a new business venture, with topics presented in the logical order that entrepreneurs are likely to face them. Although the authors cover venture capital and public offerings, they put them in their proper perspective as unlikely vehicles for most entrepreneurs. The book includes a comprehensive financial spreadsheet template with step-by-step instructions that allows for applications of many of the concepts to actual businesses. This new edition adds a nonprofit version of the spreadsheet, and both templates can be downloaded from the author's website. The book also includes a comprehensive survey of funding sources, including all-new chapters on financing over the life of a venture and financing from the entrepreneur, family and friends.

About this title

From the Back Cover

Entrepreneurial Financial Management: An Applied Approach is the first book on the market to approach this subject area from an integrated, comprehensive perspective. It offers an applied, realistic view of entrepreneurial finance for today's entrepreneurs. It provides an integrated set of concepts and applications, drawing from entrepreneurship, finance, and accounting, that will prepare aspiring entrepreneurs for the world they will face as they start their new businesses. Although venture capital and public offerings are covered, they are placed in their proper perspective. As Entrepreneurial Financial Management: An Applied Approach is based on practical experience and informed by theory, it could soon become a standard for the emerging area of entrepreneurial finance within entrepreneurship education.

KEY FEATURES

New Venture Life Cycle Model: The structure of the book follows the life cycle of a new business venture. Topics are presented in the order that an entrepreneur would likely face them as in the process of business start-up and growing the business.

Bootstrapping: Chapter 8, "Internal Sources of Funds: Bootstrapping Techniques," provides detailed information and techniques for bootstrapping new businesses. Most entrepreneurs learn that they must find creative methods for getting more bang for their buck, as they rarely have access to unlimited funds.

Computer Spreadsheet Financial Template: A comprehensive computer spreadsheet financial template is included on the book's Web site. This tool allows for the application of many of the concepts to actual businesses. The tool can supplement the process of developing a full business plan.

"In Their Own Words..." Boxes: These boxes give a comprehensive view of funding sources with discussions on how an entrepreneur works with each type of funding source. They include interviews with many of the funding sources available.

Self-Assessment: A self-assessment is included to assist student entrepreneurs in integrating their personal aspirations into their financial and business plans.

Opportunities for Application: Most chapters have a list of ideas and assignments that encourage the reader to apply the concepts from the chapter through experiential and active learning.

Students and professors who use the book can visit the Web site for resources at www.prenhall.com/cornwall.

Excerpt. © Reprinted by permission. All rights reserved.

Courses in entrepreneurial finance are expanding rapidly across the country. The traditional approach to presenting entrepreneurial finance has often tended to place too much attention on venture capital and initial public offerings. Less than 1 percent of new ventures should even consider these financing vehicles. Entrepreneurial finance is not just about raising money and creating financial statements. Entrepreneurial finance should be an integral part of the basic management of any new venture.

Entrepreneurial Financial Management: An Applied Approach is written from an integrated, comprehensive perspective. The fundamental goal of this book is to present an applied, realistic view of entrepreneurial finance for today's entrepreneurs. This book provides an integrated set of concepts and applications, drawing from entrepreneurship, finance, and accounting, that will prepare aspiring entrepreneurs for the world they will most likely face as they start their new businesses. Although venture capital and public offerings are covered in this book, they have been put in their proper perspective. Entrepreneurial Financial Management is based on practical experience but is also informed by theory.

The book is designed for applied and experientially based teaching strategies in entrepreneurial financial management. Each chapter has been written with the goal of facilitating application of its contents to real-life businesses.

KEY FEATURES

• The structure of the book is designed to follow the life cycle of a new business venture. Topics are presented in the order that an entrepreneur would likely face them as they begin the process of business start-up and move into growing the business.
• Chapter 8 provides detailed information and techniques for bootstrapping new businesses. Most entrepreneurs learn that they must find creative methods for getting more "bang for their buck," as they rarely have access to unlimited funds.
• A comprehensive view of funding sources with discussion of how an entrepreneur works with each is presented in Chapters 10-12. Interviews with many of the funding sources are presented in "In Their Own Words . . ." boxes throughout these chapters.
• Numerous examples are presented throughout the text.
• A comprehensive computer spreadsheet financial template is available from the Companion Website. This tool allows many of the concepts to be applied to actual businesses. The tool can be a supplement to the process of developing a full business plan. Professors and students can access these resources from www.prenhall.com/cornwall.
• A self-assessment is included to assist student entrepreneurs in integrating their own personal aspirations into their financial and business plans.
• Opportunities for Application are included at the end of most chapters.

Edition details

• Publisher: Routledge
• Publication date: 2009
• Language: English
• ISBN 10: 0765622920
• ISBN 13: 9780765622921
• Binding: Paperback
• Edition number: 2
• Number of pages: 352