Book description
Featuring key topics within finance, small business management, and entrepreneurship to develop and maintain prosperous business ventures
With a comprehensive and organized approach to fundamental financial theories, tools, and management techniques, Entrepreneurial Finance: Fundamentals of Financial Planning and Management for Small Business equips readers with the necessary fundamental knowledge and advanced skills to succeed in small firm and business settings. With a unique combination of topics from finance, small business management, and entrepreneurship, the book prepares readers for the challenges of today's economy.
Entrepreneurial Finance: Fundamentals of Financial Planning and Management for Small Business begins with key concepts of small business management and entrepreneurship, including management tools and techniques needed to establish, run, and lead business ventures. The book then delves into how small businesses are operated, managed, and controlled. General finance skills and methods are integrated throughout, and the book also features:
Numerous practical examples and scenarios that provide a real-world perspective on entrepreneurship and small business management
A brief summary, list of key concepts, and ten discussion questions at the end of each chapter to prepare readers for the challenges of today's economy
A practical guide to the complete life of a small business, from establishing a new venture to training and developing young entrepreneurs tasked with maintaining and developing a prosperous economy
An in-depth discussion of the entire process of writing a successful business plan, including the rationale, significance, and requirements
Techniques needed to solidify the free enterprise tradition, develop entrepreneurial strategies, and grow small businesses
Entrepreneurial Finance: Fundamentals of Financial Planning and Management for Small Business is an ideal textbook for upper-undergraduate and first-year graduate courses in entrepreneurial finance within business, economics, management science, and public administration departments. The book is also useful for MBA-level courses as well as for business and management PhD majors as a resource in methodology. The book is also an idea reference for entrepreneurs, business managers, market analysts, and decision makers who require information about the theoretical and quantitative aspects of entrepreneurial finance.
Table of contents
- PREFACE
- PART I ENTREPRENEURIAL PERSPECTIVE
-
PART II ENTREPRENEURIAL ORGANIZATION
- CHAPTER 4 FORMS OF BUSINESS OWNERSHIP
-
CHAPTER 5 THE BUSINESS PLAN
- 5.1 What is a Business Plan?
- 5.2 Contents of the Plan
- 5.3 Other Elements of the Plan
- 5.4 Reviewing the Plan
- 5.5 Anticipating and Preparing Responses to Potential Risks
- 5.6 Financing the Plan
- 5.7 Presenting the Plan
- 5.8 Updating the Plan
- 5.9 Grooming the Plan
- 5.10 Summary
- Key Concepts
- Discussion Questions
-
PART III ENTREPRENEURIAL FINANCE AND VALUATION
- CHAPTER 6 FINANCIAL STATEMENTS AND THEIR ANALYSIS
- CHAPTER 7 CAPITAL STRUCTURE AND LEVERAGE
-
CHAPTER 8 PROFIT AND THE COST–VOLUME ANALYSIS
- 8.1 Profit Concept Between Economics and Accounting
- 8.2 Profit Margin and Markup
- 8.3 Profit and Cash Flow
- 8.4 Profitability and Earning Power
- 8.5 When Would a Firm Start Collecting Profits?
- 8.6 Break-Even Quantity and Break-Even Revenue
- 8.7 Break-Even Graphics
- 8.8 Desired Profit and the Break-Even Point
- 8.9 Non-Cash Charges and the Break-Even Point
- 8.10 Profit Planning
- 8.11 Summary
- Key Concepts
- Discussion Questions
-
CHAPTER 9 PRO FORMA STATEMENT AND FINANCIAL FORECASTING
- 9.1 Basic Pro Forma Statements
- 9.2 Pro Forma and the Sales Ratio
- 9.3 Change in Sales (ΔS) and the Needed Fund
- 9.4 Role of Financial Forecasting
- 9.5 Basic Steps of Forecasting
- 9.6 Types of Forecasting Models
- 9.7 The Analysis of Time Series
- 9.8 Fitting the Model
- 9.9 Adjusting for Seasonality
- 9.10 The Smoothed Forecasts
- 9.11 Barometric Forecasting
- 9.12 Testing Forecasting Accuracy
- 9.13 Summary
- Key Concepts
- Discussion Questions
- CHAPTER 10 WORKING CAPITAL
- CHAPTER 11 FINANCIAL MANAGEMENT OF WORKING CAPITAL
- CHAPTER 12 INVENTORY MANAGEMENT AND CONTROL
-
CHAPTER 13 INVESTMENT PROJECT EVALUATION AND RISK MANAGEMENT
- 13.1 Categories of Investment Purposes
- 13.2 Steps for Project Selection
- 13.3 Types of Projects
- 13.4 Patterns of Cash Flow
- 13.5 Project Evaluation Techniques
- 13.6 Risk and its Sources
- 13.7 Methods of Risk Management
- 13.8 Sensitivity Analysis, Scenario Analysis, and Simulation
- 13.9 Summary
- Key Concepts
- Discussion Questions
- CHAPTER 14 BUSINESS VALUATION AND HARVESTING
-
PART IV ENTREPRENEURIAL MANAGEMENT AND CONTROL
- CHAPTER 15 Basic Entrepreneurial Management
- CHAPTER 16 Location and Layout
-
CHAPTER 17 OPERATIONS, BUDGETING, AND TAXES
- 17.1 Material and Supplies: Buying or Making?
- 17.2 Product Quality
- 17.3 Budgetary Variance and Flexible Budgeting
- 17.4 Types of Budgets
- 17.5 Considerations for Budgetary Control
- 17.6 Types of Taxes
- 17.7 Taxes and Forms of Business Ownership
- 17.8 Considerations and Strategies
- 17.9 Summary
- Key Concepts
- Discussion Questions
- CHAPTER 18 MARKETING, PROMOTION, AND DISTRIBUTION
- CHAPTER 19 HUMAN RESOURCE MANAGEMENT
- APPENDIX
- GLOSSARY
- FURTHER READING
- INDEX
- END USER LICENSE AGREEMENT
Product information
- Title: Entrepreneurial Finance: Fundamentals of Financial Planning and Management for Small Business
- Author(s):
- Release date: February 2015
- Publisher(s): Wiley
- ISBN: 9781118691519
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