Entrepreneurial financial management: an applied approach
Gespeichert in:
| Hauptverfasser: | , , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Armonk, NY [u.a.]
Sharpe
2013
|
| Ausgabe: | 3. ed. |
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | Incl. bibliogr. references and index |
| Beschreibung: | X, 302 S. graph. Darst. |
| ISBN: | 9780765627261 |
Internformat
MARC
| LEADER | 00000nam a2200000zc 4500 | ||
|---|---|---|---|
| 001 | BV041073297 | ||
| 003 | DE-604 | ||
| 005 | 20130829 | ||
| 007 | t | ||
| 008 | 130606s2013 xxud||| |||| 00||| eng d | ||
| 010 | |a 2012011120 | ||
| 020 | |a 9780765627261 |c pbk. : alk. paper |9 978-0-7656-2726-1 | ||
| 035 | |a (OCoLC)914893219 | ||
| 035 | |a (DE-599)BVBBV041073297 | ||
| 040 | |a DE-604 |b ger |e aacr | ||
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| 084 | |a QP 750 |0 (DE-625)141933: |2 rvk | ||
| 100 | 1 | |a Cornwall, Jeffrey R. |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Entrepreneurial financial management |b an applied approach |c Jeffrey R. Cornwall ; David O. Vang ; Jean M. Hartman |
| 250 | |a 3. ed. | ||
| 264 | 1 | |a Armonk, NY [u.a.] |b Sharpe |c 2013 | |
| 300 | |a X, 302 S. |b graph. Darst. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 500 | |a Incl. bibliogr. references and index | ||
| 650 | 4 | |a Unternehmen | |
| 650 | 4 | |a Business enterprises |x Finance | |
| 650 | 4 | |a Entrepreneurship | |
| 650 | 0 | 7 | |a Unternehmensgründung |0 (DE-588)4078599-3 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Finanzierung |0 (DE-588)4017182-6 |2 gnd |9 rswk-swf |
| 689 | 0 | 0 | |a Unternehmensgründung |0 (DE-588)4078599-3 |D s |
| 689 | 0 | 1 | |a Finanzierung |0 (DE-588)4017182-6 |D s |
| 689 | 0 | |8 1\p |5 DE-604 | |
| 700 | 1 | |a Vang, David |e Verfasser |4 aut | |
| 700 | 1 | |a Hartman, Jean |e Verfasser |4 aut | |
| 856 | 4 | 2 | |m HBZ Datenaustausch |q application/pdf |u http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=026050219&sequence=000004&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |3 Inhaltsverzeichnis |
| 999 | |a oai:aleph.bib-bvb.de:BVB01-026050219 | ||
| 883 | 1 | |8 1\p |a cgwrk |d 20201028 |q DE-101 |u https://d-nb.info/provenance/plan#cgwrk | |
Datensatz im Suchindex
| _version_ | 1804150440104820736 |
|---|---|
| adam_text | Titel: Entrepreneurial financial management
Autor: Cornwall, Jeffrey R
Jahr: 2013
Contents
Preface ix
1. Introduction 3
The Importance of Knowing the Numbers 3
Measuring Success 4
What Is Entrepreneurial Financial Management? 5
What Makes Entrepreneurial Finance Similar to Traditional Finance? 7
What Makes Entrepreneurial Finance Different from Traditional Finance? 8
How the Lack of Historical Data and Liquidity Complicates the Practice
of Finance in Early Stage Firms 11
Using Stakeholder Analysis to Guide Ethical Decision Making 12
Summary 14
PART I
BUILDING A FINANCIAL FORECAST 15
2. Setting Financial Goals 17
Wealth Versus Income 17
Integrating Nonfinancial Goals into the Business 20
The Importance of Self-Assessment 21
The Self-Assessment Process 24
The Business Model and Business Plan 25
Summary 26
Appendix 2.1. Individual Entrepreneurial Self-Assessment 28
Appendix 2.2. Partnership and Shareholder Assessment 29
3. Understanding Financial Statements 31
The Accounting Equation 31
An Example 32
Basic Financial Statements 41
The Limitations of Business Financial Statements 48
Summary 49
4. Revenue Forecasting 52
Common Forecasting Mistakes 52
The Link Between the Marketing Plan and Revenue Forecasts 54
Creating Scenarios 57
The Link Between the Revenue Forecast and the Cash Flow Forecast 58
The Impact of Business Type on Revenues 59
Quantitative Forecasting Techniques 65
The Importance of Revenue Forecasting 68
Summary 69
5. Expense Forecasting 72
Defining Costs 72
Cost Behavior 73
Breakeven Analysis 77
Expense Forecasting: Impact of Business Type on Expenses 78
Reducing Expenses Through Bootstrapping 83
Summary 83
6. Integrated Financial Model 86
The Entrepreneur s Aspirations Reconsidered 86
Contribution Format Income Statement 87
Earnings Before Interest and Taxes 87
Inventory of Assumptions 88
Social Ventures 89
Determining the Amount of Funds Needed 89
Using the Forecasting Template to Determine the Amount
of Funds Needed 90
Time Out of Cash 91
Assessment of Risk Sensitivity 92
Integrating Financial Forecasts into Business Plan or Funding Document 93
Summary 93
Appendix 6.1. Instructions for Using the Integrated Financial Statements
Template 96
PART II
MANAGING THE FINANCIAL RESOURCES OF A VENTURE 121
7. Monitoring Financial Performance 123
Tracking Assumptions 123
Establishing Milestones 125
Using Numbers to Manage 126
Financial Statement Analysis 127
Ratio Analysis 129
Working with Accountants 137
Summary 138
8. Day-to-Day Cash Flow Management and Forecasting 140
Why Is Cash Flow Different from Net Income? 140
Why Is an Accural-Based Income Statement Important? 141
How Is Cash Flow Measured? 141
Interpreting a Statement of Cash Flows: Direct Method 144
Statement of Cash Flows: Indirect Method 145
Investors and Creditors Use of the Cash Flow Statement 148
Effective Cash Management 149
The Emotional Side of Cash Flow Management 152
Summary 153
PART III
SOURCES OF FINANCING 155
9. Financing Over the Life of a Venture 157
Common Misconceptions About Entrepreneurial Financing 157
The Diverse Nature of Business Financing 158
Financing Small Businesses with Modest Growth Potential 161
Financing High-Growth, High-Potential Ventures 162
Summary 163
10. Start-Up Financing from the Entrepreneur, Friends, and Family 165
Self-Financing 165
Advantages and Disadvantages of Self-Financing 167
Friends and Family Financing 169
Structure of Funds Invested 174
Summary 174
11. Bootstrapping 176
Why Bootstrap? 176
Bootstrapping Administrative Overhead 179
Bootstrapping Employee Expenses 181
Bootstrapping Operating Expenses 183
Bootstrap Marketing 185
The Ethics of Bootstrapping 190
Summary 191
12. External Sources of Funds: Equity 193
Angel Investors 194
Strategic Partners 199
Private Placement 200
Crowdfunding 202
SBIC 203
The Downside of Equity Financing 203
Working with Outside Investors 204
Summary 206
13. External Sources of Funds: Debt 208
Short-Term Debt 208
Long-Term Debt 215
Forms of Debt Overlooked by Entrepreneurs 217
Government Funding Through SB A 217
Working with Bankers 219
The Downside of Debt 224
Developing a Financing Plan 225
Summary 226
14. Financing the High-Growth Business 228
Integrating Profitability into the Business Plan 229
Stages of the Firm 231
Stages of Business Funding 233
The Dark Side of Venture Capital Financing 234
Initial Contact with a Venture Capitalist 235
Initial Public Offering 237
The Process of the IPO 239
Summary 243
PART IV
PLANNING FOR THE ENTREPRENEUR S TRANSITION 245
15. Business Valuation 247
General Concepts That Guide the Determination of Value 247
Basic Information Required for a Valuation 252
Discounted Cash Flow 254
Market Comparison Techniques 266
Summary 270
16. Exit Planning 273
Self-Assessment Revisited 273
The Ethical Side of the Entrepreneur s Transition 275
A Model of Exit Planning 277
Exit Options 279
The Process of Selling a Business 284
Postexit Issues 286
Summary 286
Index 289
About the Authors 301
|
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| discipline | Wirtschaftswissenschaften |
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| isbn | 9780765627261 |
| language | English |
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| spelling | Cornwall, Jeffrey R. Verfasser aut Entrepreneurial financial management an applied approach Jeffrey R. Cornwall ; David O. Vang ; Jean M. Hartman 3. ed. Armonk, NY [u.a.] Sharpe 2013 X, 302 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Incl. bibliogr. references and index Unternehmen Business enterprises Finance Entrepreneurship Unternehmensgründung (DE-588)4078599-3 gnd rswk-swf Finanzierung (DE-588)4017182-6 gnd rswk-swf Unternehmensgründung (DE-588)4078599-3 s Finanzierung (DE-588)4017182-6 s 1\p DE-604 Vang, David Verfasser aut Hartman, Jean Verfasser aut HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=026050219&sequence=000004&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Cornwall, Jeffrey R. Vang, David Hartman, Jean Entrepreneurial financial management an applied approach Unternehmen Business enterprises Finance Entrepreneurship Unternehmensgründung (DE-588)4078599-3 gnd Finanzierung (DE-588)4017182-6 gnd |
| subject_GND | (DE-588)4078599-3 (DE-588)4017182-6 |
| title | Entrepreneurial financial management an applied approach |
| title_auth | Entrepreneurial financial management an applied approach |
| title_exact_search | Entrepreneurial financial management an applied approach |
| title_full | Entrepreneurial financial management an applied approach Jeffrey R. Cornwall ; David O. Vang ; Jean M. Hartman |
| title_fullStr | Entrepreneurial financial management an applied approach Jeffrey R. Cornwall ; David O. Vang ; Jean M. Hartman |
| title_full_unstemmed | Entrepreneurial financial management an applied approach Jeffrey R. Cornwall ; David O. Vang ; Jean M. Hartman |
| title_short | Entrepreneurial financial management |
| title_sort | entrepreneurial financial management an applied approach |
| title_sub | an applied approach |
| topic | Unternehmen Business enterprises Finance Entrepreneurship Unternehmensgründung (DE-588)4078599-3 gnd Finanzierung (DE-588)4017182-6 gnd |
| topic_facet | Unternehmen Business enterprises Finance Entrepreneurship Unternehmensgründung Finanzierung |
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