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Fundamentals for Becoming a Successful Entrepreneur: From Business Idea to Launch and Management by Alan Carsrud, Malin Brannback

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7. Everything You Really Need to Know About Entrepreneurial Finance

7.0 Entrepreneurial Finance: An Introduction

Before we discuss money and capital perhaps, it would be nice to remember the origins of these words. As one of the authors grew up in a family ranching business, it is nice to know that cattle and other livestock were the first form of money, and in some parts of Africa are still considered a form of wealth where each head of cattle was called a caput, which is Latin for “head.” Thus an individual with a herd of cattle had a lot of caput or capital, a term we use today to describe wealth. Everything from Yap disks of stone to bird claws and bear teeth have been used as money. The ancient Romans forged their coins in the temple of ...

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