Entrepreneurial Financial Management ─ An Applied Approach

This text is specially designed for use with applied and experientially based teaching strategies. Employing concepts from entrepreneurship, finance, and accounting, coverage follows the entrepreneurial business cycle. In an effort to convey the real world of entrepreneurial finance, there is less emphasis on venture capital and public offerings and more emphasis on the types of financing more realistically available to today's new entrepreneurs. Sections cover building a financial forecast, managing the financial resources of a venture, internal and external sources of financing, and business valuation and exit planning. The book includes a financial spreadsheet template available for download. This Excel tool allows readers to apply the book's concepts to actual businesses and can be used to help develop a business model and to create a formal business plan. The financial spreadsheet template includes product, service, and nonprofit alternatives for social entrepreneurship business models. Learning features include chapter discussion questions and application exercises. Updated to reflect current regulations and investor expectations since the recession of 2008, this third edition contains additional material explaining how to use the financial templates, plus excerpts from interviews with funding sources. Cornwall directs Belmont University's Center for Entrepreneurship. Annotation c2012 Book News, Inc., Portland, OR (booknews.com)

Jeffrey R. Cornwall is the inaugural recipient of the Jack C. Massey Chair in Entrepreneurship at Belmont University, USA. He also serves as the director of the Center for Entrepreneurship. He has published five other books on entrepreneurship. He does research in various areas of entrepreneurship and in business ethics. His blog, The Entrepreneurial Mind (www.drjeffcornwall.com), is one of the most popular small business blogs on the web.

David O. Vang is a professor of finance in the Opus College of Business at the University of St. Thomas, USA. He teaches and researches in the areas of finance, economics, and real estate. Dave has served as the CFO for a high-technology start-up company and has performed over seventy different consulting assignments for several organizations in areas such as derivatives, acquisitions, leveraged buyouts, product and service costing, and corporate finance.

Jean M. Hartman currently provides financial guidance working for a nonprofit organization that serves the chronically homeless. Her areas of interest include working with entrepreneurs and nonprofits to develop their understanding of financial statements and the critical importance of cash flow while applying ethical business practices. She is a certified public accountant.