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SOLUTION MANUAL For Entrepreneurial Finance, 7th Edition by J. Chris Leach, Ronald W. Melicher all chapters 1-16 covered ISBN: 9780357442043 $18.49   Add to cart

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SOLUTION MANUAL For Entrepreneurial Finance, 7th Edition by J. Chris Leach, Ronald W. Melicher all chapters 1-16 covered ISBN: 9780357442043

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SOLUTION MANUAL For Entrepreneurial Finance, 7th Edition by J. Chris Leach, Ronald W. Melicher all chapters 1-16 covered ISBN: 9780357442043 SOLUTION MANUAL For Entrepreneurial Finance, 7th Edition by J. Chris Leach, Ronald W. Melicher all chapters 1-16 covered ISBN: 9780357442043 SOLUTION MANUAL...

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  • October 12, 2024
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  • Entrepreneurial Finance 7Th Edition
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TIFFACADEMICS
,TABLE OF CONTENTS e e e




Part 1: THE ENTREPRENEURIAL ENVIRONMENT.
e e e e



1. Introduction to
e e e




Finance for Entrepreneurs.
e e



2. Developing the Business Idea.
e e e e



Part 2: ORGANIZING AND OPERATING THE VENTURE.
e e e e e e



3. Organizing and Financing a New Venture.
e e e e e e



4. Preparing and Using Financial Statements.
e e e e e



5. Evaluating Operating and Financial Performance.
e e e e e



Part 3: PLANNING FOR THE FUTURE.
e e e e e



6. Managing Cash Flow.
e e e



7. Types and Costs of Financial Capital.
e e e e e e



8. Securities Law Considerations When Obtaining Venture Financing.
e e e e e e e



Part 4: CREATING AND RECOGNIZING VENTURE VALUE.
e e e e e e



9. Projecting Financial Statements.
e e e



10. Valuing Early-Stage Ventures.
e e e



11. Venture Capital Valuation Methods.
e e e e



Part 5: STRUCTURING FINANCING FOR THE GROWING VENTURE.
e e e e e e e



12. Professional Venture Capital.
e e e



13. Other Financing Alternatives.
e e e



14. Security Structures and Determining Enterprise Values.
e e e e e e



Part 6: EXIT AND TURNAROUND STRATEGIES.
e e e e e



15. Harvesting the Business Venture Investment.
e e e e e



16. Financially Troubled Ventures: Turnaround Opportunities?
e e e e e



Part 7: CAPSTONE CASES.
e e e



Case 1. Eco-Products, Inc.
e e e



Case 2. Spatial Technology,
e e e e

,Chapter 1 e




INTRODUCTIONeTOeFINANCEeFOReENTREPRENEURS

FOCUS

Theepurposeeofethisefirstechaptereisetoepresenteaneovervieweofewhateentrepreneurialefinanceeiseabout.eInedoingeso
eweehopeetoeconveyetoeyouetheeimportanceeofeunderstandingeandeapplyingeentrepreneurialefinanceemethodseand

etoolsetoehelpeensureeaneentrepreneurialeventureeisesuccessful.eWeepresent eaelifeecycleeapproachetoetheeteachinge

ofeentrepreneurialefinanceewhereeweecovereventureeoperatingeandefinancialedecisionsefacedebyetheeentrepreneu
reaseaeventureeprogressesefromeaneideaethroughetoeharvestingetheeventure.

LEARNINGeOBJECTIVES

LOe1.1:eCharacterizeetheeentrepreneurialeprocess.
LOe1.2:eDescribeeentrepreneurshipeandesomeecharacteristicseofeentrepreneurs.
LOe1.3:eIndicateeseveralemegatrendseprovidingewaveseofeentrepreneurialeopportunities.eLOe1.4:eL
isteandedescribeetheeseveneprincipleseofeentrepreneurialefinance.
LOe1.5:eDiscusseentrepreneurialefinanceeandetheeroleeofetheefinancialemanager.eLOe1.6:eD
escribeetheevariousestageseofeaesuccessfuleventure‘selifeecycle.
LOe1.7:eIdentify,ebyelifeecycleestage,etheerelevantetypeseofefinancingeandeinvestors.eLOe1.8:eU
nderstandetheelifeecycleeapproacheusedeinethisebook.

CHAPTEReOUTLINE

1.1 THEeENTREPRENEURIALePROCESS
1.2 ENTREPRENEURSHIPeFUNDAMENTALS
A. WhoeiseaneEntrepreneur?
B. BasiceDefinitions
C. EntrepreneurialeTraitseoreCharacteristics
D. OpportunitieseExisteButeNoteWithouteRisks
1.3 SOURCESeOFeENTREPRENEURIALeOPPORTUNITIES
A. SocietaleChanges
B. DemographiceChanges
C. TechnologicaleChanges
D. EmergingeEconomieseandeGlobaleChanges
E. Criseseande―Bubbles‖
F. DisruptiveeInnovation


1

, 1.4 PRINCIPLESeOFeENTREPRENEURIALeFINANCE
A. Real,eHuman,eandeFinancialeCapitalemustebeeRentedefromeOwnerse(Principlee#1)
B. RiskeandeExpectedeRewardegoeHandeineHande(Principlee#2)
C. WhileeAccountingeisetheeLanguageeofeBusiness,eCasheisetheeCurrencye(Principlee#3)
D. NeweVentureeFinancingeInvolveseSearch,eNegotiation,eandePrivacye(Principlee#4)
E. AeVenture‘seFinancialeObjectiveeisetoeIncreaseeValuee(Principlee#5)
F. IteiseDangerousetoeAssumeethatePeopleeActeAgainsteTheireOwneSelf-
Interestse(Principlee#6)
G. VentureeCharactereandeReputationecanebeeAssetseoreLiabilitiese(Principlee#7)
1.5 ROLEeOFeENTREPRENEURIALeFINANCE
1.6 THEeSUCCESSFULeVENTUREeLIFEeCYCLE
A. DevelopmenteStage
B. StartupeStage
C. SurvivaleStage
D. Rapid-GrowtheStage
E. Early-MaturityeStage
F. LifeeCycleeStageseandetheeEntrepreneurialeProcess
1.7 FINANCINGeTHROUGHeTHEeVENTUREeLIFEeCYCLE
A. SeedeFinancing
B. StartupeFinancing
C. First-RoundeFinancing
D. Second-RoundeFinancing
E. MezzanineeFinancing
F. Liquidity-StageeFinancing
G. SeasonedeFinancing
1.8 LIFEeCYCLEeAPPROACHeFOReTEACHINGeENTREPRENEURIALeFINANCEeSUMMARY


DISCUSSIONeQUESTIONSeANDeANSWERS

1. Whateisetheeentrepreneurialeprocess?

Theeentrepreneurialeprocessecomprises:edevelopingeopportunities,egatheringeresources,eandemanaginge
andebuildingeoperationsewithetheegoaleofecreatingevalue.

2. Whateiseentrepreneurship?eWhateareesomeebasicecharacteristicseofeentrepreneurs?

Entrepreneurshipeisetheeprocesseofechangingeideaseintoecommercialeopportunitieseandecreatingevalue.e Whil
eethereeisenoeprototypicaleentrepreneur,emanyeareegoodeaterecognizingecommercialeopportunities,etendetoe
beeoptimistic,eandeenvisioneaeplaneforetheefuture.

3. Whyedoebusinessesecloseeoreceaseeoperating?eWhateareetheeprimaryereasonsewhyebusinessesefail?

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