Entrepreneurial finance : fundamentals of financial planning and management for small business

Entrepreneurial finance fundamentals of financial planning and management for small business

Featuring key topics within finance, small business management, and entrepreneurship to develop and maintain prosperous business ventures With a comprehensive and organized approach to fundamental financial theories, tools, and management techniques, Entrepreneurial Finance: Fundamentals of Financia...

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Detalles Bibliográficos
Otros Autores: Alhabeeb, M. J., 1954- author (author)
Formato: Libro electrónico
Idioma:Inglés
Publicado: Hoboken, New Jersey : Wiley 2015.
Edición:1st ed
Materias:
Small business > Finance.
Ver en Biblioteca Universitat Ramon Llull:https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009849086006719
Tabla de Contenidos:
  • Intro
  • ENTREPRENEURIAL FINANCE
  • Contents
  • Preface
  • PART I Entrepreneurial Perspective
  • 1 Small Business and the Entrepreneur
  • 1.1 What is Entrepreneurial Finance?
  • 1.2 Significance of the Small Business
  • 1.3 Entrepreneurship and the Entrepreneur
  • 1.4 The Idea and the Opportunity
  • Sources of New Business Ideas
  • 1.5 From an Idea to Reality
  • Stage I: Development, Start Up, and Early Growth
  • Stage II: Increasing Growth and Maturity
  • 1.6 Summary
  • Key Concepts
  • Discussion Questions
  • 2 Small Business Options
  • 2.1 Starting a New Business
  • Advantages and Disadvantages of Starting from Scratch
  • Important Steps for the Right Start
  • 2.2 Buying an Existing Business
  • Advantages
  • Disadvantages
  • Due Diligence
  • 2.3 Purchase Options
  • Buy-Out Option
  • Buy-In Option
  • Bulk-Asset Buying Option
  • Take-Over Option
  • The Final Steps in the Buying Process
  • 2.4 Franchise
  • Types of Franchise
  • Advantages and Disadvantages of the Franchise Option
  • The Legal Aspect of Franchising
  • 2.5 Home Business and Family Business
  • 2.6 Summary
  • Key Concepts
  • Discussion Questions
  • 3 Small Business Purchase Price
  • 3.1 Asset-Based Value
  • 3.2 Cash Flow-Based Value
  • 3.3 Market-Based Value
  • 3.4 Capitalized Earnings-Based Value
  • 3.5 Financial Ratios-Based Value
  • 3.6 Summary
  • Key Concepts
  • Discussion Questions
  • PART II Entrepreneurial Organization
  • 4 Forms of Business Ownership
  • 4.1 Sole Proprietorship
  • Advantages of Sole Proprietorship
  • Disadvantages of Sole Proprietorship
  • 4.2 Partnership
  • Partners Rights
  • Partners Responsibilities
  • Types of Partnership
  • Types of Partners
  • Advantages of Partnership
  • Disadvantages of Partnership
  • 4.3 Corporation
  • Justifications for the Creation of Corporations
  • Organizational Structure and Management of Corporations
  • S-Corporation.
  • Advantages of Corporation
  • Disadvantages of Corporation
  • 4.4 Other Forms of Business Ownership
  • Limited Liability Company (LLC)
  • Professional Service Corporation (PSC)
  • Joint Venture (JV)
  • Non-Profit Corporation (NPC)
  • Cooperatives
  • 4.5 Summary
  • Key Concepts
  • Discussion Questions
  • 5 The Business Plan
  • 5.1 What is a Business Plan?
  • Types of Business Plan
  • Importance and Rationale
  • 5.2 Contents of the Plan
  • Title Page
  • Confidentiality Statement
  • Table of Contents
  • Executive Summary
  • Vision, Mission, and Elevator Pitch
  • Business Description
  • Background
  • Product
  • Market
  • Functional Plans
  • Operational Plan
  • Management Plan
  • Marketing Plan
  • Financial Plan
  • Appendix
  • 5.3 Other Elements of the Plan
  • Milestone Chart
  • SWOT Analysis
  • Critical Risks
  • Measures of Control
  • Succession Plan
  • Environmental Impact
  • 5.4 Reviewing the Plan
  • 5.5 Anticipating and Preparing Responses to Potential Risks
  • 5.6 Financing the Plan
  • Venture Capitalists
  • Angel Investors
  • 5.7 Presenting the Plan
  • 5.8 Updating the Plan
  • 5.9 Grooming the Plan
  • The Written Text
  • The PowerPoint Slides
  • 5.10 Summary
  • Key Concepts
  • Discussion Questions
  • PART III Entrepreneurial Finance and Valuation
  • 6 Financial Statements and Their Analysis
  • 6.1 The Balance Sheet
  • Components of the Balance Sheet
  • Balances of the Balance Sheet
  • The Cash Flow Cycle
  • 6.2 Income-Expenses Statement
  • 6.3 Financial Statement Analysis
  • Vertical Analysis
  • Horizontal Analysis
  • 6.4 Ratio Analysis
  • Profitability Ratios
  • Market-Based Ratios
  • Operational Ratios
  • Liquidity Ratios
  • Debt Ratios
  • 6.5 The Dupont Model
  • A Final Word About Ratios
  • 6.6 Summary
  • Key Concepts
  • Discussion Questions
  • 7 Capital Structure and Leverage
  • 7.1 Debt and Equity Capital
  • Debt Capital
  • Equity Capital.
  • Debt versus Equity Financing
  • 7.2 The Optimal Capital Structure
  • The Traditional Approach
  • The Modigliani-Miller Approach
  • Other Approaches to Capital Structure
  • 7.3 Leverage
  • Operating Leverage
  • Operating Leverage, Fixed Cost, and Business Risk
  • Financial Leverage
  • Total or Combined Leverage
  • 7.4 Summary
  • Key Concepts
  • Discussion Questions
  • 8 Profit and the Cost-Volume Analysis
  • 8.1 Profit Concept Between Economics and Accounting
  • 8.2 Profit Margin and Markup
  • 8.3 Profit and Cash Flow
  • 8.4 Profitability and Earning Power
  • 8.5 When Would a Firm Start Collecting Profits?
  • Cost-Volume-Profit Analysis
  • 8.6 Break-Even Quantity and Break-Even Revenue
  • 8.7 Break-Even Graphics
  • 8.8 Desired Profit and the Break-Even Point
  • 8.9 Non-Cash Charges and the Break-Even Point
  • 8.10 Profit Planning
  • 8.11 Summary
  • Key Concepts
  • Discussion Questions
  • 9 Pro Forma Statement and Financial Forecasting
  • 9.1 Basic Pro Forma Statements
  • Pro Forma Income Statement
  • Pro Forma Balance Sheet
  • 9.2 Pro Forma and the Sales Ratio
  • 9.3 Change in Sales (DS) and the Needed Fund
  • Financial Forecasting
  • 9.4 Role of Financial Forecasting
  • 9.5 Basic Steps of Forecasting
  • 9.6 Types of Forecasting Models
  • Qualitative Models
  • Quantitative Models
  • 9.7 The Analysis of Time Series
  • Time Series and Data Variations
  • 9.8 Fitting the Model
  • 9.9 Adjusting for Seasonality
  • The Simple Average of Errors Method
  • The Actual to Forecast (A/F) Ratio Method
  • The Dummy Variables Method
  • 9.10 The Smoothed Forecasts
  • Simple Moving Average Method
  • The Weighted Moving Average
  • Exponential Smoothing
  • 9.11 Barometric Forecasting
  • 9.12 Testing Forecasting Accuracy
  • The RMSE Check
  • The MAD Check
  • The MAPE Check
  • 9.13 Summary
  • Key Concepts
  • Discussion Questions
  • 10 Working Capital.
  • 10.1 What is Working Capital?
  • 10.2 Working Capital and Profit-Risk Manipulation
  • 10.3 Working Capital and Financing Strategies
  • The Aggressive Approach
  • The Conservative Approach
  • The Balanced Approach
  • 10.4 Summary
  • Key Concepts
  • Discussion Questions
  • 11 Financial Management of Working Capital
  • 11.1 Cash Management
  • The Required Minimum Cash
  • Types of Cash and Floats
  • 11.2 Marketable Securities Management
  • Common Marketable Securities
  • 11.3 ACCOUNT RECEIVABLE
  • Credit Control
  • Credit Evaluation
  • Cash Discount to Speed Up Collection
  • Account Receivable Aging
  • Current Liabilities Management
  • 11.4 Account Payable and Trade Discounts
  • 1. The Traditional Method
  • 2. The NCRF Method
  • Cash Discount for Prompt Payments
  • Cumulative and Quantity Discounts
  • 11.5 SUMMARY
  • Key Concepts
  • Discussion Questions
  • 12 Inventory Management and Control
  • 12.1 What is Inventory?
  • Inventory Functions
  • Inventory Cost
  • ABC Analysis
  • 12.2 Economic Order Quantity (EOQ)
  • EOQ for Quantity Discount
  • EOQ for the Production-Run Model
  • 12.3 The Reorder Point
  • Determining the Safety Stock Level
  • 12.4 JIT-Inventory System
  • 12.5 Summary
  • Key Concepts
  • Discussion Questions
  • 13 Investment Project Evaluation and Risk Management
  • 13.1 Categories of Investment Purposes
  • Replacement Projects
  • Renewal Projects
  • Expansive Projects
  • Cost-Reduction Projects
  • Conforming Projects
  • Other projects
  • 13.2 Steps for Project Selection
  • 13.3 Types of Projects
  • Independent Projects
  • Mutually Exclusive Projects
  • 13.4 Patterns of Cash Flow
  • The Conventional Pattern
  • The Non-conventional Pattern
  • 13.5 Project Evaluation Techniques
  • Average Rate of Return
  • Payback Period
  • Net Present Value
  • Internal Rate of Return
  • NPV versus IRR for Mutually Exclusive Projects.
  • NPV Profile, Crossover Rate, and the Ranking Reversal
  • Profitability Index and Capital Rationing
  • Investment Projects and Business Risk
  • 13.6 Risk and its Sources
  • Where Would Risk Come From?
  • 13.7 Methods of Risk Management
  • Risk-Adjusted Discount Rate
  • Risk-Adjusted Returns
  • The Statistical Adjustment
  • 13.8 Sensitivity Analysis, Scenario Analysis, and Simulation
  • Decision Tree
  • 13.9 Summary
  • Key Concepts
  • DISCUSSION QUESTIONS
  • 14 Business Valuation and Harvesting
  • 14.1 What is Business Valuation?
  • 14.2 Valuation Tools
  • Book Value of Assets and Shares
  • Market Price of Shares
  • Capitalization of Major Variables
  • 14.3 Valuation Techniques
  • The Multiplier Approach
  • The Capitalization Approach
  • Varieties of the Capitalization Approach
  • Harvesting
  • 14.4 What is Business Harvesting?
  • 14.5 Harvesting Strategies
  • Systematic Liquidation
  • Outright Sale
  • Acquisition
  • Going Public
  • 14.6 Summary
  • Key Concepts
  • Discussion Questions
  • PART IV Entrepreneurial Management and Control
  • 15 Basic Entrepreneurial Management
  • 15.1 Planning
  • Concepts of Planning
  • The Planning Process
  • 15.2 Organizing
  • Defining the Tasks
  • Functional Departmentalization
  • Range of Control
  • Delegation of Authority
  • Types of Organizational Structures
  • 15.3 Staffing
  • 15.4 Directing
  • Leadership and Leaders
  • 15.5 Controlling
  • 15.6 Business Strategies
  • Product Differentiation
  • Cost Minimization
  • Niche Creation
  • 15.7 Summary
  • Key Concepts
  • Discussion Questions
  • 16 Location and Layout
  • 16.1 Factors Affecting the Selection of Location
  • The General Factors
  • Specific Factors
  • 16.2 TYPES OF BUSINESS OUTLETS AND LOCATIONS
  • Outlets by Types of Goods and Services
  • Retail Outlet Locations
  • Service Outlet Locations
  • Wholesale Outlet Locations
  • Production Plant Locations.
  • 16.3 SITE SELECTION.

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