Entrepreneurial Finance: Finance and Business Strategies for the Serious Entrepreneur / Edition 2

Entrepreneurial Finance: Finance and Business Strategies for the Serious Entrepreneur / Edition 2

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by Steven Rogers
     
 

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ISBN-10: 0071591265

ISBN-13: 9780071591263

Pub. Date: 01/14/2009

Publisher: McGraw-Hill Professional Publishing

Proven methods for starting a business today . . . and turning profits well into the future

Like all entrepreneurs, you love the rush of launching a new business and the challenge of growing it bigger and bigger. But, to be successful at it, you must diligently mind the down-and-dirty finance and business details that threaten to derail your

Overview

Proven methods for starting a business today . . . and turning profits well into the future

Like all entrepreneurs, you love the rush of launching a new business and the challenge of growing it bigger and bigger. But, to be successful at it, you must diligently mind the down-and-dirty finance and business details that threaten to derail your plans.

Entrepreneurial Finance is a complete, one-stop resource for the latest strategies and techniques for minding the books of any type of business. Written by Steven Rogers, the successful founder of numerous businesses and one of the country's leading professors of entrepreneurship, this definitive guidebook shows you how to financially set up and manage a business. You'll learn everything from writing a growth business plan and compiling and understanding financial statements to making a company profitable, valuing a company, and raising additional venture capital.

Logically formatted for easy reference, Entrepreneurial Finance covers:

  • Business plans—What they are, what they can do, how to prepare one
  • Financial statements—How to develop them, how to analyze them
  • Money—Where and how to find it, techniques for maintaining positive cash flow

Working for yourself will be the toughest job you ever have, but Entrepreneurial Finance makes it easier by giving you a single resource packed with the latest research, insightful case studies, and step-by-step guidelines for what must be done, how to do it, and what to do when things go wrong.

Product Details

ISBN-13:
9780071591263
Publisher:
McGraw-Hill Professional Publishing
Publication date:
01/14/2009
Pages:
372
Product dimensions:
6.30(w) x 9.10(h) x 1.50(d)

Table of Contents

Preface xi

Chapter 1 The Entrepreneurial spectrum 1

Introduction 1

Entrepreneurial Finance 2

Type of Entrepreneurs 3

The Entrepreneurial Spectrum 5

Chapter 2 The Entrepreneurs 17

Indroduction 17

Success Rates of Entrepreneurs 24

Why Become an Entrepreneur? 35

Traits of an Entrepreneur 35

Impact on the Economy 45

Impact on Gender and Race 48

Chapter 3 The Business Plan 55

Indroduction 55

The Dual-Purpose Document 56

Business Plan Development and Advuce 57

The Business Plan 58

Development of Pro Formas 71

Checklist of Financial Information 74

Most Important Business Plan Sections 75

Business Plan Development Sources 76

After the Business Plan Is Written 78

Chapter 4 Financial Statements 81

Introduction 81

The Income Statement 82

The Balance Sheet 92

The Statement of Cash Flows 97

Chapter 5 Financial Statement Analysis 103

Introduction 103

Proactive Analysis 103

Income Statement Analysis 107

Ratio Analysis 108

Breakeven Analysis 116

Measuring Growth 117

Case Study-Clark Company 121

Gross Margins 130

Net Margins 140

Other Issues to Consider 143

Chapter 6 Cash Flow Management 149

Introduction 149

Types of Cash Flow 149

Cash Flow Forecasts 153

Cash Flow Management 155

Accounts Receivable 158

Accounts Payable 168

The Cash Gap 170

Working Capital 174

Finding Cash 175

Chapter 7 Valution 179

Introduction 179

Valuing the Clark Company 182

Premoney and Post money Valuations 183

Why Value Your Company? 185

Key Factors Influencing Valuation 187

Valuation Methods 203

Multiples 203

Multiples of Gross Morgin 210

Different Industries Use Different Multiple Benchmarks 210

Asset Valuation241

Capitalization of Cash Flows 214

Valuing Technology and Internet Companies 220

Chapter 8 Raising Capital 229

Introduction 229

Value-Added Investors 231

Sources of Capital 232

The Investment Is in the Entrepreneur 233

Chapter 9 Debt Financing 237

Introduction 237

Types of Debt 238

Sources of Debt Financing 239

Creative Ways to Structure Long-Term Debt 261

Long-Term Debt Rules to Live By 262

Debt Financing for Working Capital 263

Chapter 10 Equity Financing 275

Introduction 275

Sources of Equity Capital 276

Private Placements 281

Corporate Venture Capital 284

Private Equity Firms 285

International Private Equity 291

Advice for Raising Private Equity 292

Increasing Specialization of Private Equity Firms 293

Identifying Private Equity Firms 294

Small-Business Investment Companies 295

Initial Public offerings 297

Public Equity Markets 300

The IPO Process 304

The Financing Spectrum 309

Direct Public Offerings 310

Chapter 11 Financing for Minorities and Women 315

Introduction 315

Minorities-Debt Financing 318

Minorities-Equity Financing 319

Women-Debt Financing 321

Women-Equity Financing 322

Chapter 12 Taking a Job with an Entrepreneurial Firm 327

Introduction 327

Case Study: Considering a Jab Offer from an Early-Stage Company 328

Case Study Analysis 338

Chapter 13 Intrapraneurship: Corporate Entrepreneurship 345

The Intrapreneurship Spectrum 346

Intrapreneurship Models 348

Traits of the High-Growth Intrapreneur 349

Acts of Intrapreneurship 350

Signs of Intrapreneurial Success 352

Standard Operating Procedures 353

Intrapreneurship Blunder 354

Conclusion 357

Appendices 359

Appendix A Industry Profitability 359

Appendix B U.S. Funds Focused on Minority Markets 367

Index 373

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