Entrepreneurial Finance (4th Edition)

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Download Entrepreneurial Finance (4th Edition) written by J. Chris Leach, Ronald W. Melicher in PDF format. This book is under the category Business and bearing the isbn/isbn13 number 0538478152; 1133171990/9780538478151/ 9781133171997. You may reffer the table below for additional details of the book.

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Specifications

book-author

J. Chris Leach, Ronald W. Melicher

publisher

Cengage Learning; 4th edition

file-type

PDF

pages

688 pages

language

English

asin

B00B7LPY3E; B004X6RGYK

isbn10

0538478152; 1133171990

isbn13

9780538478151/ 9781133171997


Book Description

This reader-pleasant; accessible edition intently follows a life cycle of the agency method because it introduces the information; theories; and monetary instruments an entrepreneur wants to start out; construct; and finally harvest a profitable enterprise. This edition clearly emphasizes on sound monetary administration practices; exhibiting college students how and the place to get the monetary capital essential to run and construct a enterprise. This edition investigates crucial monetary points that entrepreneurs face; primarily the levels of financing; enterprise money stream fashions; and strategic positioning of the early-stage firm. Students attain the information to work together efficiently with monetary establishments and the regulatory companies which are important to financing ventures as they develop and; ultimately; search for liquidity for his or her traders. A brand new capstone case and up to date mini-instances; and in addition partaking entrepreneurial ventures lifted from the most recent headlines maintain college students engaged and studying as they study ideas equivalent to institutional traders; enterprise capital funds; and strategic alliances. This newest 4th edition additionally gives your pupil a radical understanding of the function of enterprise angels; licensing agreements; and exit methods. Trust Entrepreneurial Finance; 4th Edition; (PDF) to offer the information and abilities as we speak’s faculty college students want for entrepreneurial success.

P.S. Contact us if you would like Entrepreneurial Finance 4e TestBank or different instructor assets

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Additional information

book-author

J. Chris Leach, Ronald W. Melicher

publisher

Cengage Learning; 4th edition

file-type

PDF

pages

688 pages

language

English

asin

B00B7LPY3E; B004X6RGYK

isbn10

0538478152; 1133171990

isbn13

9780538478151/ 9781133171997

Table of contents


Table of contents :
Cover Page……Page 1
Title Page……Page 4
Copyright Page……Page 7
Dedication Page……Page 8
Brief Contents……Page 10
Contents……Page 12
THE LIFE CYCLE APPROACH……Page 22
DISTINCTIVE FEATURES……Page 23
INTENDED AUDIENCE AND USE……Page 24
Instructor’s Manual with Test Bank……Page 25
Acknowledgments……Page 26
PART 1: Background and Environment……Page 30
CHAPTER 1: Introduction and Overview……Page 32
1.1: The Entrepreneurial Process……Page 34
1.2: Entrepreneurship Fundamentals……Page 35
1.3: Sources of Entrepreneurial Opportunities……Page 38
1.4: Principles of Entrepreneurial Finance……Page 43
1.5: Role of Entrepreneurial Finance……Page 48
1.6: The Successful Venture Life Cycle……Page 49
1.7: Financing Through the Venture Life Cycle……Page 52
1.8: Life Cycle Approach for Teaching Entrepreneurial Finance……Page 57
CHAPTER 2: From the Idea to the Business Plan……Page 66
2.1: Process for Identifying Business Opportunities……Page 68
2.2: To Be Successful, You Must Have a Sound Business Model……Page 69
2.3: Learn From the Best Practices of Successful Entrepreneurial Ventures……Page 71
2.4: Time-To-Market and Other Timing Implications……Page 74
2.5: Initial “Litmus Test” for Evaluating the Business Feasibility of an Idea……Page 75
2.6: Screening Venture Opportunities……Page 77
2.7: Key Elements of a Business Plan……Page 92
PRODUCTS……Page 104
MANAGEMENT TEAM……Page 105
CSC ASSESSMENT……Page 106
PART 2: Organizing and Operating the Venture……Page 108
CHAPTER 3: Organizing and Financing a NewVenture……Page 110
3.1: Progressing through the Venture Life Cycle……Page 111
3.2: Forms of Business Organization……Page 113
3.3: Choosing the Form of Organization: Tax and Other Considerations……Page 122
3.4: Intellectual Property……Page 125
3.5: Seed, Startup, and First-Round Financing Sources……Page 133
CHAPTER 4: Measuring Financial Performance……Page 148
4.1: Obtaining and Recording the Resources Necessary to Start and Build a New Venture……Page 150
4.2: Business Assets, Liabilities, and Owners’ Equity……Page 151
4.3: Sales, Expenses, and Profits……Page 155
4.4: Internal Operating Schedules……Page 157
4.5: Statement of Cash Flows……Page 160
4.6: Operating Breakeven Analyses……Page 162
APPENDIX A: NOPAT Breakeven: Revenues Needed to Cover Total Operating Costs……Page 176
EXERCISES/PROBLEMS……Page 178
CHAPTER 5: Evaluating Financial Performance……Page 180
5.1: Users of Financial Performance Measures by Life Cycle Stage……Page 181
5.2: Using Financial Ratios……Page 183
5.3: Cash Burn Rates and Liquidity Ratios……Page 185
5.4: Conversion Period Ratios……Page 190
5.5: Leverage Ratios……Page 195
5.6: Profitability and Efficiency Ratios……Page 198
5.7: Industry Comparable Ratio Analysis……Page 203
5.8: A Hitchhiker’s Guide to Financial Analysis……Page 204
PART 3: Planning for the Future……Page 216
CHAPTER 6: Financial Planning: Short Term and Long Term……Page 218
6.1: Financial Planning Throughout the Venture’s Life Cycle……Page 220
6.2: Surviving in the Short Run……Page 221
6.3: Short-Term Cash-Planning Tools……Page 223
6.4: Projected Monthly Financial Statements……Page 228
6.5: Cash Planning from a Projected Monthly Balance Sheet……Page 230
6.6: Beyond Survival: Systematic Forecasting……Page 231
6.7: Estimating Sustainable Sales Growth Rates……Page 238
6.8: Estimating Additional Financing Needed to Support Growth……Page 241
6.9: Percent-of-Sales Projected Financial Statements……Page 245
CHAPTER 7: Types and Costs of Financial Capital……Page 260
7.2: Financial Markets……Page 262
7.3: Determining the Cost of Debt Capital……Page 264
7.4: What Is Investment Risk?……Page 273
7.5: Estimating the Cost of Equity Capital……Page 279
7.6: Weighted Average Cost of Capital……Page 286
EXERCISES/PROBLEMS……Page 296
CHAPTER 8: Securities Law Considerations When Obtaining Venture Financing……Page 298
8.1: Review of Sources of External Venture Financing……Page 300
8.2: Overview of Federal and State Securities Laws……Page 302
8.3: Process for Determining Whether Securities Must Be Registered……Page 305
8.4: Registration of Securities under the Securities Act of 1933……Page 308
8.5: Security Exemptions from Registration under the 1933 Act……Page 311
8.6: Transaction Exemptions from Registration under the 1933 Act……Page 313
8.7: SEC’s Regulation D: Safe-Harbor Exemptions……Page 316
8.8: Regulation A Security Exemption……Page 320
APPENDIX A: Schedule A……Page 324
Regulation D’s “Preliminary Notes”……Page 328
Rule 501: Definitions and Terms Used in Regulation D……Page 329
Integration……Page 331
Information……Page 332
Solicitation……Page 333
Resale……Page 334
Rule 508: Reg D Insignificant Deviations Clause……Page 335
Rule 144 (§230.144)……Page 336
Rule 1001……Page 339
Regulation SB……Page 340
PART 4: Creating and Recognizing Venture Value……Page 342
CHAPTER 9: Valuing Early-Stage Ventures……Page 344
9.1: What Is a Venture Worth?……Page 345
9.2: Basic Mechanics of Valuation: Mixing Vision and Reality……Page 348
9.3: Required Versus Surplus Cash……Page 354
9.4: Developing the Projected Financial Statements for a DCF Valuation……Page 356
9.5: Just-in-Time Equity Valuation: Pseudo Dividends……Page 360
9.6: Accounting versus Equity Valuation Cash Flow……Page 367
CHAPTER 10: Venture Capital Valuation Methods……Page 390
10.1: Brief Review of Basic Cash Flow-Based Equity Valuations……Page 392
10.2: Basic Venture Capital Valuation Method……Page 393
10.3: Earnings Multipliers and Discounted Dividends……Page 397
10.4: Adjusting VCSCs for Multiple Rounds……Page 399
10.5: Adjusting VCSCs for Incentive Ownership……Page 401
10.6: Adjusting VCSCs for Payments to Senior Security Holders……Page 402
10.7: Introducing Scenarios to VCSCs……Page 404
PART 5: Structuring Financing for the Growing Venture……Page 434
CHAPTER 11: Professional Venture Capital……Page 436
11.1: Historical Characterization of Professional Venture Capital……Page 438
11.2: Professional Venture Investing Cycle: Overview……Page 442
11.3: Determining (Next) Fund Objectives and Policies……Page 443
11.4: Organizing the New Fund……Page 444
11.5: Soliciting Investments in the New Fund……Page 447
11.7: Conducting Due Diligence and Actively Investing……Page 448
11.9: Distributing Cash and Securities Proceeds……Page 456
CHAPTER 12: Other Financing Alternatives……Page 460
12.2: Commercial and Venture Bank Lending……Page 462
12.3: Understanding Why You May Not Get Debt Financing……Page 465
12.4: Credit Cards……Page 467
12.5: Small Business Administration Programs……Page 468
12.6: Other Government Financing Programs……Page 474
12.7: Receivables Lending and Factoring……Page 475
12.8: Debt, Debt Substitutes, and Direct Offerings Vendor Financing: Accounts Payable and Trade Notes……Page 477
Available Statewide: Economic Development Commission……Page 482
The Venture Capital Authority……Page 483
Colorado Film Incentives Cash Fund……Page 484
Planning and Feasibility Study Grants……Page 485
CHAPTER 13: Security Structures and Determining Enterprise Values……Page 486
13.2: Preferred Stock or Preferred Equity……Page 488
13.3: Convertible Debt……Page 495
13.4: Warrants and Options……Page 496
13.5: Other Concerns about Security Design……Page 501
13.6: Valuing Ventures with Complex Capital Structures: The Enterprise Method……Page 502
PART 6: Exit and Turn around Strategies……Page 522
CHAPTER 14: Harvesting the Business Venture Investment……Page 524
14.1: Venture Operating and Financial Decisions Revisited……Page 526
14.2: Planning an Exit Strategy……Page 527
14.3: Valuing the Equity or Valuing the Enterprise……Page 528
14.4: Systematic Liquidation……Page 532
14.5: Outright Sale……Page 533
14.6: Going Public……Page 540
CHAPTER 15: Financially Troubled Ventures: Turnaround Opportunities?……Page 558
15.2: The Troubled Venture and Financial Distress……Page 560
15.3: Resolving Financial Distress Situations……Page 565
15.4: Private Workouts and Liquidations……Page 573
15.5: Federal Bankruptcy Law……Page 575
PART 7: Capstone Cases……Page 592
CASE 1: Eco-Products, Inc…….Page 594
CASE 2: Coral Systems, Inc…….Page 624
CASE 3: Spatial Technology, Inc…….Page 650
B……Page 674
C……Page 675
E……Page 676
I……Page 677
L……Page 678
O……Page 679
R……Page 680
S……Page 681
V……Page 682
Y……Page 683
B……Page 684
C……Page 685
E……Page 686
I……Page 687
N……Page 688
P……Page 689
S……Page 690
V……Page 691
Z……Page 692

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