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SOLUTION MANUAL For Entrepreneurial Finance, 7th Edition by J. Chris Leach, Ronald W. Melicher, Chapters 1 - 16, Complete With CAPSTONE CASES $12.49   Add to cart

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SOLUTION MANUAL For Entrepreneurial Finance, 7th Edition by J. Chris Leach, Ronald W. Melicher, Chapters 1 - 16, Complete With CAPSTONE CASES

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SOLUTION MANUAL For Entrepreneurial Finance, 7th Edition by J. Chris Leach, Ronald W. Melicher, Chapters 1 - 16, Complete With CAPSTONE CASES SOLUTION MANUAL For Entrepreneurial Finance, 7th Edition by J. Chris Leach, Ronald W. Melicher, Chapters 1 - 16, Complete With CAPSTONE CASES SOL...

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  • November 7, 2024
  • 351
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Entrepreneurial Finance
  • Entrepreneurial Finance
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SOLUTION MANUAL For Entrepreneurial Finance, 7th Edition
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xx!! by J. Chris Leach, Ronald W. Melicher, Chapters 1 - 16,
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Complete With CAPSTONE CASES
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,TABLE OF CONTENTS xx!! xx!! xx!!




Part 1: THE ENTREPRENEURIAL ENVIRONMENT.
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1. Introduction to
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Finance for Entrepreneurs. xx!! xx!!




2. Developing the Business Idea.
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Part 2: ORGANIZING AND OPERATING THE VENTURE.
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3. Organizing and Financing a New Venture.
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4. Preparing and Using Financial Statements.
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5. Evaluating Operating and Financial Performance.
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Part 3: PLANNING FOR THE FUTURE.
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6. Managing Cash Flow.
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7. Types and Costs of Financial Capital.
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8. Securities Law Considerations When Obtaining Venture Financing.
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Part 4: CREATING AND RECOGNIZING VENTURE VALUE.
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9. Projecting Financial Statements.
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10. Valuing Early-Stage Ventures.
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11. Venture Capital Valuation Methods.
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Part 5: STRUCTURING FINANCING FOR THE GROWING VENTURE.
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12. Professional Venture Capital.
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13. Other Financing Alternatives.
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14. Security Structures and Determining Enterprise Values.
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Part 6: EXIT AND TURNAROUND STRATEGIES.
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15. Harvesting the Business Venture Investment.
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16. Financially Troubled Ventures: Turnaround Opportunities?
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Part 7: CAPSTONE CASES.
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Case 1. Eco-Products, Inc.
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Case 2. Spatial Technology,
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,Chapter 1 xx!!




INTRODUCTION TO FINANCE FOR ENTREPRENEURS xx!! xx!! xx!! xx!!




FOCUS

The purpose of this first chapter is to present an overview of what entrepreneurial finance is
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about. In doing so we hope to convey to you the importance of understanding and applying
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entrepreneurial finance methods and tools to help ensure an entrepreneurial venture is
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successful.We present a life cycle approach to the teaching of entrepreneurial finance where we
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cover venture operating and financial decisions faced by the entrepreneur as a venture progresses
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from an idea through to harvesting the venture.
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LEARNING OBJECTIVES xx!!




LO 1.1: Characterize the entrepreneurial process.
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LO 1.2: Describe entrepreneurship and some characteristics of entrepreneurs.
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LO 1.3: Indicate several megatrends providing waves of entrepreneurial opportunities.LO
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1.4: List and describe the seven principles of entrepreneurial finance.
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LO 1.5: Discuss entrepreneurial finance and the role of the financial
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manager.LO 1.6: Describe the various stages of a successful venture‘s life cycle.
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LO 1.7: Identify, by life cycle stage, the relevant types of financing and
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investors.LO 1.8: Understand the life cycle approach used in this book.
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CHAPTER OUTLINE xx!!




1.1 THE ENTREPRENEURIAL PROCESS xx!! xx!!




1.2 ENTREPRENEURSHIP FUNDAMENTALS xx!!




A. Who is an Entrepreneur? xx!! xx!! xx!!




B. Basic Definitions xx!!




C. Entrepreneurial Traits or Characteristics xx!! xx!! xx!!




D. Opportunities Exist But Not Without Risks xx!! xx!! xx!! xx!! xx!!




1.3 SOURCES OF ENTREPRENEURIAL OPPORTUNITIES xx!! xx!! xx!!




A. Societal Changes xx!!




B. Demographic Changes xx!!




C. Technological Changes xx!!




D. Emerging Economies and Global Changes xx!! xx!! xx!! xx!!




E. Crises and ―Bubbles‖ xx!! xx!!




F. Disruptive Innovation xx!!




1

, 1.4 PRINCIPLES OF ENTREPRENEURIAL FINANCE xx!! xx!! xx!!




A. Real, Human, and Financial Capital must be Rented from Owners (Principle #1)
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B. Risk and Expected Reward go Hand in Hand (Principle #2)
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C. While Accounting is the Language of Business, Cash is the Currency (Principle #3)
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D. New Venture Financing Involves Search, Negotiation, and Privacy (Principle #4)
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E. A Venture‘s Financial Objective is to Increase Value (Principle #5)
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F. It is Dangerous to Assume that People Act Against Their Own Self-
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Interests(Principle #6) x! xx!!




G. Venture Character and Reputation can be Assets or Liabilities (Principle #7)
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1.5 ROLE OF ENTREPRENEURIAL FINANCE
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1.6 THE SUCCESSFUL VENTURE LIFE CYCLE
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A. Development Stage xx!!




B. Startup Stage xx!!




C. Survival Stage xx!!




D. Rapid-Growth Stage xx!!




E. Early-Maturity Stage xx!!




F. Life Cycle Stages and the Entrepreneurial Process
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1.7 FINANCING THROUGH THE VENTURE LIFE CYCLE xx!! xx!! xx!! xx!! xx!!




A. Seed Financing xx!!




B. Startup Financing xx!!




C. First-Round Financing xx!!




D. Second-Round Financing xx!!




E. Mezzanine Financing xx!!




F. Liquidity-Stage Financing xx!!




G. Seasoned Financing xx!!




1.8 LIFE CYCLE APPROACH FOR TEACHING ENTREPRENEURIAL
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FINANCESUMMARY
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DISCUSSION QUESTIONS AND ANSWERS xx!! xx!! xx!!




1. What is the entrepreneurial process?
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The entrepreneurial process comprises: developing opportunities, gathering resources,
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andmanaging and building operations with the goal of creating value.
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2. What is entrepreneurship? What are some basic characteristics of entrepreneurs?
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Entrepreneurship is the process of changing ideas into commercial opportunities and xx!! xx!! xx!! xx!! xx!! xx!! xx!! xx!! xx!! xx!!



creatingvalue.
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commercial opportunities, tend to be optimistic, and envision a plan for the future.
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3. Why do businesses close or cease operating? What are the primary reasons why businessesfail?
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