Basic Financial Management for Entrepreneurs (The Entrepreneurship)

Teaching the basic principles of financial management, this book shows owners or managers of businesses as well as students how to apply the theories presented to solve financial problems that often lead to the downfall of the small business enterprise. Topics covered include basic accounting and financial statements, capital needs and financing, financial planning and control, break-even analysis and sales forecasting, cash flow and credit management, inventory management, and tax and insurance. Important concepts and definitions are highlighted, and many examples, activities, and self-evaluation exercises are provided.

Willie Conradie is a professor in the department of business management at Rand Afrikaans University. Welma Fourie is a senior lecturer in accounting and finance at the University of Natal.