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Overview
Guide students through a complete "life cycle of the firm" with Leach/Melicher's ENTREPRENEURIAL FINANCE, 7E. This leading text introduces the theories, knowledge and corporate finance tools and techniques today's entrepreneur needs to start, build and eventually harvest a successful venture. Students learn how to secure financing, use business cash flow models and strategically position their early-stage companies as this edition emphasizes sound financial management practices. Students also learn how to interact effectively with financial institutions and regulatory agencies that can affect venture growth and ensure liquidity for investors. Whether in print or full-color eBook form, this edition's capstone cases, mini-cases and examples draw from actual entrepreneurial ventures and the latest financial scenarios to illustrate important concepts, such as venture capital funds, institutional investors, strategic alliances, the role of business angels, licensing agreements and exit strategies.
- FULL-COLOR EBOOK OR PRINTED EDITION REFLECTS THE MOST RECENT CHANGES IN TODAY'S SECURITIES AND TAX LAWS. This edition highlights the latest developments in securities and tax laws in print or within the new, inviting eBook format. Revised and reorganized chapter-opening Learning Objectives guide students through timely, prominent topics in each major section of every chapter.
- UPDATED END-OF-CHAPTER MATERIALS WITH ENGAGING MINI-CASES PROVIDE OPPORTUNITIES TO APPLY CONCEPTS. Each chapter concludes with an extensive variety of learning features to help students review and apply the material, assess their understanding and identify any areas where they need additional clarification.
- "FROM THE HEADLINES" MINI-ARTICLES FEATURE NEW VENTURES. Students immediately understanding the importance and relevance of what they are learning with these stage-relevant recent examples of new ventures that appear throughout this edition.
- ENGAGING, CONVERSATIONAL STYLE ENSURES AN UNDERSTANDABLE, STUDENT-FRIENDLY PRESENTATION The authors' conversational, reader-friendly tone and straightforward explanations make even complex financial concepts easier to understand, apply and retain.
- TIME-SAVING INSTRUCTOR MATERIALS SIMPLIFY CLASS PREPARATION. This edition's robust companion website includes a wealth of resources to enhance your teaching experience, engage your students and reduce your preparation time.
- TWO CAPSTONE CASES ENABLE STUDENTS TO SYNTHESIZE ESSENTIAL IDEAS. In addition to thorough coverage of key concepts and extensive real-world examples that bring concepts to life, this edition offers two in-depth capstone cases that give students significant and valuable hands-on experience.
1. Introduction to Finance for Entrepreneurs.
2. Developing the Business Idea.
Part 2: ORGANIZING AND OPERATING THE VENTURE.
3. Organizing and Financing a New Venture.
4. Preparing and Using Financial Statements.
5. Evaluating Operating and Financial Performance.
Part 3: PLANNING FOR THE FUTURE.
6. Managing Cash Flow.
7. Types and Costs of Financial Capital.
8. Securities Law Considerations When Obtaining Venture Financing.
Part 4: CREATING AND RECOGNIZING VENTURE VALUE.
9. Projecting Financial Statements.
10. Valuing Early-Stage Ventures.
11. Venture Capital Valuation Methods.
Part 5: STRUCTURING FINANCING FOR THE GROWING VENTURE.
12. Professional Venture Capital.
13. Other Financing Alternatives.
14. Security Structures and Determining Enterprise Values.
Part 6: EXIT AND TURNAROUND STRATEGIES.
15. Harvesting the Business Venture Investment.
16. Financially Troubled Ventures: Turnaround Opportunities?
Part 7: CAPSTONE CASES.
Case 1. Eco-Products, Inc.
Case 2. Spatial Technology, Inc.