This new edition presents an applied, realistic view of entrepreneurial finance for today's entrepreneur. The book provides an integrated set of concepts and applications, drawing from entrepreneurship, finance, and accounting. The book's contents are designed to follow the life cycle of a new business venture. Topics are presented in a logical order, as entrepreneurs will likely face them as they begin the process of business start-up and move into growing the business.
A comprehensive financial statements template is included with the book. This tool allows for the application of many of the concepts to actual businesses, and will be a valuable supplement to the process of developing a full business plan. The templates are available for unlimited free downloads at www.drjeffcornwall.com.
Jeffrey R. Cornwall is the inaugural recipient of the Jack C. Massey Chair in Entrepreneurship at Belmont University, USA. He has published eight books on business ethics and entrepreneurship and is co-founder of Entrepreneurial Mind, LLC, which produces web-based video content for entrepreneurs and small business owners. His blog, www.drjeffcornwall.com, is one of the most popular small business blogs today. David O. Vang is a Professor of Finance in the Opus College of Business at the University of St. Thomas, USA and is a winner of the Iowa State Outstanding Educator Award. He has served as the CFO of a high-technology start-up company and has performed over seventy consulting assignments for organizations in areas such as derivatives, acquisitions, leveraged buyouts, product and service costing, and corporate finance. Jean M. Hartman is a certified public accountant, currently providing financial guidance to a nonprofit serving the chronically homeless. Her areas of interest include entrepreneurship, business ethics, and working with nonprofits to develop the critical understanding of financial statements and cash flow when applying ethical practices.
1. Introduction Part I: Building a Financial Forecast 2. Setting Financial Goals 3. Understanding Financial Statements 4. Revenue Forecasting 5. Expense Forecasting 6. Integrated Financial Model Part II: Managing the Financial Resources of a Venture 7. Monitoring Financial Performance 8. Day-to-Day Cash Flow Management and Forecasting Part III: Sources of Financing 9. Financing Over the Life of a Venture 10. Start-Up Financing from the Entrepreneur, Friends, and Family 11. Bootstrapping 12. External Sources of Funds: Equity 13. External Sources of Funds: Debt 14. Financing the High-Growth Business Part IV: Planning for the Entrepreneur's Transition 15. Business Valuation 16. Exit Planning