{"product_id":"entrepreneurial-finance-9781118691519","title":"Entrepreneurial Finance","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003eFeaturing key topics within finance, small business management, and entrepreneurship to develop and maintain prosperous business ventures\u003c\/b\u003e\u003cb\u003e\u003cbr\u003e \u003cbr\u003e \u003c\/b\u003eWith a comprehensive and organized approach to fundamental financial theories, tools, and management techniques, \u003ci\u003eEntrepreneurial Finance: Fundamentals of Financial Planning and Management for Small Business\u003c\/i\u003e equips readers with the necessary fundamental knowledge and advanced skills to succeed in small firm and business settings. With a unique combination of topics from finance, small business management, and entrepreneurship, the book prepares readers for the challenges of today's economy.\u003cbr\u003e \u003cbr\u003e \u003ci\u003eEntrepreneurial Finance: Fundamentals of Financial Planning and Management for Small Business\u003c\/i\u003e begins with key concepts of small business management and entrepreneurship, including management tools and techniques needed to establish, run, and lead business ventures. The book then delves into how small business\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003ePreface xvii\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart I \u003c\/b\u003e\u003cb\u003eEntrepreneurial Perspective\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 \u003c\/b\u003e\u003cb\u003eSmall Business and the Entrepreneur 3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1.1 What is Entrepreneurial Finance? 3\u003c\/p\u003e \u003cp\u003e1.2 Significance of the Small Business 5\u003c\/p\u003e \u003cp\u003e1.3 Entrepreneurship and the Entrepreneur 9\u003c\/p\u003e \u003cp\u003e1.4 The Idea and the Opportunity 12\u003c\/p\u003e \u003cp\u003eSources of New Business Ideas 14\u003c\/p\u003e \u003cp\u003e1.5 From an Idea to Reality 16\u003c\/p\u003e \u003cp\u003eStage I: Development, Start Up, and Early Growth 16\u003c\/p\u003e \u003cp\u003eStage II: Increasing Growth and Maturity 18\u003c\/p\u003e \u003cp\u003e1.6 Summary 18\u003c\/p\u003e \u003cp\u003eKey Concepts 18\u003c\/p\u003e \u003cp\u003eDiscussion Questions 19\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 \u003c\/b\u003e\u003cb\u003eSmall Business Options 20\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e2.1 Starting a New Business 20\u003c\/p\u003e \u003cp\u003eAdvantages and Disadvantages of Starting from Scratch 21\u003c\/p\u003e \u003cp\u003eImportant Steps for the Right Start 21\u003c\/p\u003e \u003cp\u003e2.2 Buying an Existing Business 22\u003c\/p\u003e \u003cp\u003eAdvantages 22\u003c\/p\u003e \u003cp\u003eDisadvantages 23\u003c\/p\u003e \u003cp\u003eDue Diligence 23\u003c\/p\u003e \u003cp\u003e2.3 Purchase Options 24\u003c\/p\u003e \u003cp\u003eBuy-Out Option 24\u003c\/p\u003e \u003cp\u003eBuy-In Option 25\u003c\/p\u003e \u003cp\u003eBulk-Asset Buying Option 25\u003c\/p\u003e \u003cp\u003eTake-Over Option 25\u003c\/p\u003e \u003cp\u003eThe Final Steps in the Buying Process 25\u003c\/p\u003e \u003cp\u003e2.4 Franchise 26\u003c\/p\u003e \u003cp\u003eTypes of Franchise 27\u003c\/p\u003e \u003cp\u003eAdvantages and Disadvantages of the Franchise Option 28\u003c\/p\u003e \u003cp\u003eThe Legal Aspect of Franchising 30\u003c\/p\u003e \u003cp\u003e2.5 Home Business and Family Business 30\u003c\/p\u003e \u003cp\u003e2.6 Summary 34\u003c\/p\u003e \u003cp\u003eKey Concepts 34\u003c\/p\u003e \u003cp\u003eDiscussion Questions 34\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 \u003c\/b\u003e\u003cb\u003eSmall Business Purchase Price 36\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e3.1 Asset-Based Value 36\u003c\/p\u003e \u003cp\u003e3.2 Cash Flow–Based Value 39\u003c\/p\u003e \u003cp\u003e3.3 Market-Based Value 40\u003c\/p\u003e \u003cp\u003e3.4 Capitalized Earnings–Based Value 41\u003c\/p\u003e \u003cp\u003e3.5 Financial Ratios–Based Value 43\u003c\/p\u003e \u003cp\u003e3.6 Summary 44\u003c\/p\u003e \u003cp\u003eKey Concepts 45\u003c\/p\u003e \u003cp\u003eDiscussion Questions 45\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II \u003c\/b\u003e\u003cb\u003eEntrepreneurial Organization\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 \u003c\/b\u003e\u003cb\u003eForms of Business Ownership 49\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e4.1 Sole Proprietorship 49\u003c\/p\u003e \u003cp\u003eAdvantages of Sole Proprietorship 49\u003c\/p\u003e \u003cp\u003eDisadvantages of Sole Proprietorship 50\u003c\/p\u003e \u003cp\u003e4.2 Partnership 50\u003c\/p\u003e \u003cp\u003ePartners’ Rights 51\u003c\/p\u003e \u003cp\u003ePartners’ Responsibilities 51\u003c\/p\u003e \u003cp\u003eTypes of Partnership 52\u003c\/p\u003e \u003cp\u003eTypes of Partners 52\u003c\/p\u003e \u003cp\u003eAdvantages of Partnership 53\u003c\/p\u003e \u003cp\u003eDisadvantages of Partnership 53\u003c\/p\u003e \u003cp\u003e4.3 Corporation 54\u003c\/p\u003e \u003cp\u003eJustifications for the Creation of Corporations 55\u003c\/p\u003e \u003cp\u003eOrganizational Structure and Management of Corporations 55\u003c\/p\u003e \u003cp\u003eS-Corporation 56\u003c\/p\u003e \u003cp\u003eAdvantages of Corporation 57\u003c\/p\u003e \u003cp\u003eDisadvantages of Corporation 58\u003c\/p\u003e \u003cp\u003e4.4 Other Forms of Business Ownership 58\u003c\/p\u003e \u003cp\u003eLimited Liability Company (LLC) 58\u003c\/p\u003e \u003cp\u003eProfessional Service Corporation (PSC) 60\u003c\/p\u003e \u003cp\u003eJoint Venture (JV) 60\u003c\/p\u003e \u003cp\u003eNon-Profit Corporation (NPC) 60\u003c\/p\u003e \u003cp\u003eCooperatives 60\u003c\/p\u003e \u003cp\u003e4.5 Summary 62\u003c\/p\u003e \u003cp\u003eKey Concepts 62\u003c\/p\u003e \u003cp\u003eDiscussion Questions 63\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 \u003c\/b\u003e\u003cb\u003eThe Business Plan 64\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e5.1 What is a Business Plan? 64\u003c\/p\u003e \u003cp\u003eTypes of Business Plan 64\u003c\/p\u003e \u003cp\u003eImportance and Rationale 65\u003c\/p\u003e \u003cp\u003e5.2 Contents of the Plan 66\u003c\/p\u003e \u003cp\u003eTitle Page 67\u003c\/p\u003e \u003cp\u003eConfidentiality Statement 67\u003c\/p\u003e \u003cp\u003eTable of Contents 67\u003c\/p\u003e \u003cp\u003eExecutive Summary 68\u003c\/p\u003e \u003cp\u003eVision, Mission, and Elevator Pitch 68\u003c\/p\u003e \u003cp\u003eBusiness Description 69\u003c\/p\u003e \u003cp\u003eBackground 69\u003c\/p\u003e \u003cp\u003eProduct 70\u003c\/p\u003e \u003cp\u003eMarket 70\u003c\/p\u003e \u003cp\u003eFunctional Plans 70\u003c\/p\u003e \u003cp\u003eOperational Plan 71\u003c\/p\u003e \u003cp\u003eManagement Plan 71\u003c\/p\u003e \u003cp\u003eMarketing Plan 71\u003c\/p\u003e \u003cp\u003eFinancial Plan 73\u003c\/p\u003e \u003cp\u003eAppendix 75\u003c\/p\u003e \u003cp\u003e5.3 Other Elements of the Plan 76\u003c\/p\u003e \u003cp\u003eMilestone Chart 76\u003c\/p\u003e \u003cp\u003eSWOT Analysis 76\u003c\/p\u003e \u003cp\u003eCritical Risks 77\u003c\/p\u003e \u003cp\u003eMeasures of Control 78\u003c\/p\u003e \u003cp\u003eSuccession Plan 78\u003c\/p\u003e \u003cp\u003eEnvironmental Impact 78\u003c\/p\u003e \u003cp\u003e5.4 Reviewing the Plan 79\u003c\/p\u003e \u003cp\u003e5.5 Anticipating and Preparing Responses to Potential Risks 82\u003c\/p\u003e \u003cp\u003e5.6 Financing the Plan 83\u003c\/p\u003e \u003cp\u003eVenture Capitalists 83\u003c\/p\u003e \u003cp\u003eAngel Investors 84\u003c\/p\u003e \u003cp\u003e5.7 Presenting the Plan 84\u003c\/p\u003e \u003cp\u003e5.8 Updating the Plan 86\u003c\/p\u003e \u003cp\u003e5.9 Grooming the Plan 86\u003c\/p\u003e \u003cp\u003eThe Written Text 87\u003c\/p\u003e \u003cp\u003eThe PowerPoint Slides 87\u003c\/p\u003e \u003cp\u003e5.10 Summary 88\u003c\/p\u003e \u003cp\u003eKey Concepts 88\u003c\/p\u003e \u003cp\u003eDiscussion Questions 89\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart III \u003c\/b\u003e\u003cb\u003eEntrepreneurial Finance and Valuation\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 \u003c\/b\u003e\u003cb\u003eFinancial Statements and Their Analysis 93\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e6.1 The Balance Sheet 93\u003c\/p\u003e \u003cp\u003eComponents of the Balance Sheet 94\u003c\/p\u003e \u003cp\u003eBalances of the Balance Sheet 96\u003c\/p\u003e \u003cp\u003eThe Cash Flow Cycle 96\u003c\/p\u003e \u003cp\u003e6.2 Income–Expenses Statement 97\u003c\/p\u003e \u003cp\u003e6.3 Financial Statement Analysis 99\u003c\/p\u003e \u003cp\u003eVertical Analysis 100\u003c\/p\u003e \u003cp\u003eHorizontal Analysis 101\u003c\/p\u003e \u003cp\u003e6.4 Ratio Analysis 102\u003c\/p\u003e \u003cp\u003eProfitability Ratios 102\u003c\/p\u003e \u003cp\u003eMarket-Based Ratios 105\u003c\/p\u003e \u003cp\u003eOperational Ratios 109\u003c\/p\u003e \u003cp\u003eLiquidity Ratios 111\u003c\/p\u003e \u003cp\u003eDebt Ratios 113\u003c\/p\u003e \u003cp\u003e6.5 The DuPont Model 115\u003c\/p\u003e \u003cp\u003eA Final Word About Ratios 117\u003c\/p\u003e \u003cp\u003e6.6 Summary 117\u003c\/p\u003e \u003cp\u003eKey Concepts 118\u003c\/p\u003e \u003cp\u003eDiscussion Questions 118\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 \u003c\/b\u003e\u003cb\u003eCapital Structure and Leverage 120\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e7.1 Debt and Equity Capital 120\u003c\/p\u003e \u003cp\u003eDebt Capital 120\u003c\/p\u003e \u003cp\u003eEquity Capital 121\u003c\/p\u003e \u003cp\u003eDebt versus Equity Financing 122\u003c\/p\u003e \u003cp\u003e7.2 The Optimal Capital Structure 125\u003c\/p\u003e \u003cp\u003eThe Traditional Approach 125\u003c\/p\u003e \u003cp\u003eThe Modigliani–Miller Approach 130\u003c\/p\u003e \u003cp\u003eOther Approaches to Capital Structure 130\u003c\/p\u003e \u003cp\u003e7.3 Leverage 133\u003c\/p\u003e \u003cp\u003eOperating Leverage 133\u003c\/p\u003e \u003cp\u003eOperating Leverage, Fixed Cost, and Business Risk 136\u003c\/p\u003e \u003cp\u003eFinancial Leverage 137\u003c\/p\u003e \u003cp\u003eTotal or Combined Leverage 144\u003c\/p\u003e \u003cp\u003e7.4 Summary 145\u003c\/p\u003e \u003cp\u003eKey Concepts 146\u003c\/p\u003e \u003cp\u003eDiscussion Questions 146\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 \u003c\/b\u003e\u003cb\u003eProfit and the Cost–Volume Analysis 148\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e8.1 Profit Concept Between Economics and Accounting 148\u003c\/p\u003e \u003cp\u003e8.2 Profit Margin and Markup 149\u003c\/p\u003e \u003cp\u003e8.3 Profit and Cash Flow 152\u003c\/p\u003e \u003cp\u003e8.4 Profitability and Earning Power 154\u003c\/p\u003e \u003cp\u003e8.5 When Would a Firm Start Collecting Profits? 156\u003c\/p\u003e \u003cp\u003eCost–Volume–Profit Analysis 156\u003c\/p\u003e \u003cp\u003e8.6 Break-Even Quantity and Break-Even Revenue 158\u003c\/p\u003e \u003cp\u003e8.7 Break-Even Graphics 162\u003c\/p\u003e \u003cp\u003e8.8 Desired Profit and the Break-Even Point 164\u003c\/p\u003e \u003cp\u003e8.9 Non-Cash Charges and the Break-Even Point 166\u003c\/p\u003e \u003cp\u003e8.10 Profit Planning 168\u003c\/p\u003e \u003cp\u003e8.11 Summary 169\u003c\/p\u003e \u003cp\u003eKey Concepts 170\u003c\/p\u003e \u003cp\u003eDiscussion Questions 170\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 \u003c\/b\u003e\u003cb\u003ePro Forma Statement and Financial Forecasting 172\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e9.1 Basic Pro Forma Statements 173\u003c\/p\u003e \u003cp\u003ePro Forma Income Statement 174\u003c\/p\u003e \u003cp\u003ePro Forma Balance Sheet 176\u003c\/p\u003e \u003cp\u003e9.2 Pro Forma and the Sales Ratio 176\u003c\/p\u003e \u003cp\u003e9.3 Change in Sales (ΔS) and the Needed Fund 178\u003c\/p\u003e \u003cp\u003eFinancial Forecasting 178\u003c\/p\u003e \u003cp\u003e9.4 Role of Financial Forecasting 179\u003c\/p\u003e \u003cp\u003e9.5 Basic Steps of Forecasting 180\u003c\/p\u003e \u003cp\u003e9.6 Types of Forecasting Models 181\u003c\/p\u003e \u003cp\u003eQualitative Models 182\u003c\/p\u003e \u003cp\u003eQuantitative Models 183\u003c\/p\u003e \u003cp\u003e9.7 The Analysis of Time Series 184\u003c\/p\u003e \u003cp\u003eTime Series and Data Variations 184\u003c\/p\u003e \u003cp\u003e9.8 Fitting the Model 185\u003c\/p\u003e \u003cp\u003e9.9 Adjusting for Seasonality 189\u003c\/p\u003e \u003cp\u003eThe Simple Average of Errors Method 190\u003c\/p\u003e \u003cp\u003eThe Actual to Forecast (A\/F) Ratio Method 193\u003c\/p\u003e \u003cp\u003eThe Dummy Variables Method 194\u003c\/p\u003e \u003cp\u003e9.10 The Smoothed Forecasts 197\u003c\/p\u003e \u003cp\u003eSimple Moving Average Method 197\u003c\/p\u003e \u003cp\u003eThe Weighted Moving Average 200\u003c\/p\u003e \u003cp\u003eExponential Smoothing 201\u003c\/p\u003e \u003cp\u003e9.11 Barometric Forecasting 204\u003c\/p\u003e \u003cp\u003e9.12 Testing Forecasting Accuracy 206\u003c\/p\u003e \u003cp\u003eThe \u003ci\u003eRMSE \u003c\/i\u003eCheck 207\u003c\/p\u003e \u003cp\u003eThe MAD Check 209\u003c\/p\u003e \u003cp\u003eThe MAPE Check 211\u003c\/p\u003e \u003cp\u003e9.13 Summary 212\u003c\/p\u003e \u003cp\u003eKey Concepts 213\u003c\/p\u003e \u003cp\u003eDiscussion Questions 213\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 \u003c\/b\u003e\u003cb\u003eWorking Capital 214\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e10.1 What is Working Capital? 214\u003c\/p\u003e \u003cp\u003e10.2 Working Capital and Profit-Risk Manipulation 215\u003c\/p\u003e \u003cp\u003e10.3 Working Capital and Financing Strategies 218\u003c\/p\u003e \u003cp\u003eThe Aggressive Approach 219\u003c\/p\u003e \u003cp\u003eThe Conservative Approach 219\u003c\/p\u003e \u003cp\u003eThe Balanced Approach 219\u003c\/p\u003e \u003cp\u003e10.4 Summary 221\u003c\/p\u003e \u003cp\u003eKey Concepts 221\u003c\/p\u003e \u003cp\u003eDiscussion Questions 221\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 \u003c\/b\u003e\u003cb\u003eFinancial Management of Working Capital 223\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e11.1 Cash Management 223\u003c\/p\u003e \u003cp\u003eThe Required Minimum Cash 224\u003c\/p\u003e \u003cp\u003eTypes of Cash and Floats 225\u003c\/p\u003e \u003cp\u003e11.2 Marketable Securities Management 228\u003c\/p\u003e \u003cp\u003eCommon Marketable Securities 228\u003c\/p\u003e \u003cp\u003e11.3 Account Receivable 229\u003c\/p\u003e \u003cp\u003eCredit Control 229\u003c\/p\u003e \u003cp\u003eCredit Evaluation 231\u003c\/p\u003e \u003cp\u003eCash Discount to Speed Up Collection 233\u003c\/p\u003e \u003cp\u003eAccount Receivable Aging 235\u003c\/p\u003e \u003cp\u003eCurrent Liabilities Management 237\u003c\/p\u003e \u003cp\u003e11.4 Account Payable and Trade Discounts 238\u003c\/p\u003e \u003cp\u003e1. The Traditional Method 238\u003c\/p\u003e \u003cp\u003e2. The NCRF Method 239\u003c\/p\u003e \u003cp\u003eCash Discount for Prompt Payments 240\u003c\/p\u003e \u003cp\u003eCumulative and Quantity Discounts 240\u003c\/p\u003e \u003cp\u003e11.5 Summary 241\u003c\/p\u003e \u003cp\u003eKey Concepts 241\u003c\/p\u003e \u003cp\u003eDiscussion Questions 242\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12 \u003c\/b\u003e\u003cb\u003eInventory Management and Control 243\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e12.1 What is Inventory? 243\u003c\/p\u003e \u003cp\u003eInventory Functions 244\u003c\/p\u003e \u003cp\u003eInventory Cost 244\u003c\/p\u003e \u003cp\u003eABC Analysis 245\u003c\/p\u003e \u003cp\u003e12.2 Economic Order Quantity (EOQ) 245\u003c\/p\u003e \u003cp\u003eEOQ for Quantity Discount 249\u003c\/p\u003e \u003cp\u003eEOQ for the Production-Run Model 251\u003c\/p\u003e \u003cp\u003e12.3 The Reorder Point 255\u003c\/p\u003e \u003cp\u003eDetermining the Safety Stock Level 255\u003c\/p\u003e \u003cp\u003e12.4 JIT-Inventory System 260\u003c\/p\u003e \u003cp\u003e12.5 Summary 260\u003c\/p\u003e \u003cp\u003eKey Concepts 261\u003c\/p\u003e \u003cp\u003eDiscussion Questions 261\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13 \u003c\/b\u003e\u003cb\u003eInvestment Project Evaluation and Risk Management 263\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e13.1 Categories of Investment Purposes 264\u003c\/p\u003e \u003cp\u003eReplacement Projects 264\u003c\/p\u003e \u003cp\u003eRenewal Projects 264\u003c\/p\u003e \u003cp\u003eExpansive Projects 264\u003c\/p\u003e \u003cp\u003eCost-Reduction Projects 264\u003c\/p\u003e \u003cp\u003eConforming Projects 264\u003c\/p\u003e \u003cp\u003eOther projects 264\u003c\/p\u003e \u003cp\u003e13.2 Steps for Project Selection 265\u003c\/p\u003e \u003cp\u003e13.3 Types of Projects 266\u003c\/p\u003e \u003cp\u003eIndependent Projects 266\u003c\/p\u003e \u003cp\u003eMutually Exclusive Projects 266\u003c\/p\u003e \u003cp\u003e13.4 Patterns of Cash Flow 267\u003c\/p\u003e \u003cp\u003eThe Conventional Pattern 267\u003c\/p\u003e \u003cp\u003eThe Non-conventional Pattern 269\u003c\/p\u003e \u003cp\u003e13.5 Project Evaluation Techniques 269\u003c\/p\u003e \u003cp\u003eAverage Rate of Return 269\u003c\/p\u003e \u003cp\u003ePayback Period 271\u003c\/p\u003e \u003cp\u003eNet Present Value 272\u003c\/p\u003e \u003cp\u003eInternal Rate of Return 276\u003c\/p\u003e \u003cp\u003eNPV versus IRR for Mutually Exclusive Projects 279\u003c\/p\u003e \u003cp\u003eNPV Profile, Crossover Rate, and the Ranking Reversal 282\u003c\/p\u003e \u003cp\u003eProfitability Index and Capital Rationing 284\u003c\/p\u003e \u003cp\u003eInvestment Projects and Business Risk 286\u003c\/p\u003e \u003cp\u003e13.6 Risk and its Sources 287\u003c\/p\u003e \u003cp\u003eWhere Would Risk Come From? 288\u003c\/p\u003e \u003cp\u003e13.7 Methods of Risk Management 288\u003c\/p\u003e \u003cp\u003eRisk-Adjusted Discount Rate 289\u003c\/p\u003e \u003cp\u003eRisk-Adjusted Returns 292\u003c\/p\u003e \u003cp\u003eThe Statistical Adjustment 295\u003c\/p\u003e \u003cp\u003e13.8 Sensitivity Analysis, Scenario Analysis, and Simulation 297\u003c\/p\u003e \u003cp\u003eDecision Tree 300\u003c\/p\u003e \u003cp\u003e13.9 Summary 300\u003c\/p\u003e \u003cp\u003eKey Concepts 301\u003c\/p\u003e \u003cp\u003eDiscussion Questions 301\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14 \u003c\/b\u003e\u003cb\u003eBusiness Valuation and Harvesting 303\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e14.1 What is Business Valuation? 303\u003c\/p\u003e \u003cp\u003e14.2 Valuation Tools 304\u003c\/p\u003e \u003cp\u003eBook Value of Assets and Shares 304\u003c\/p\u003e \u003cp\u003eMarket Price of Shares 304\u003c\/p\u003e \u003cp\u003eCapitalization of Major Variables 304\u003c\/p\u003e \u003cp\u003e14.3 Valuation Techniques 305\u003c\/p\u003e \u003cp\u003eThe Multiplier Approach 305\u003c\/p\u003e \u003cp\u003eThe Capitalization Approach 308\u003c\/p\u003e \u003cp\u003eVarieties of the Capitalization Approach 311\u003c\/p\u003e \u003cp\u003eHarvesting 311\u003c\/p\u003e \u003cp\u003e14.4 What is Business Harvesting? 311\u003c\/p\u003e \u003cp\u003e14.5 Harvesting Strategies 312\u003c\/p\u003e \u003cp\u003eSystematic Liquidation 312\u003c\/p\u003e \u003cp\u003eOutright Sale 313\u003c\/p\u003e \u003cp\u003eAcquisition 314\u003c\/p\u003e \u003cp\u003eGoing Public 315\u003c\/p\u003e \u003cp\u003e14.6 Summary 317\u003c\/p\u003e \u003cp\u003eKey Concepts 317\u003c\/p\u003e \u003cp\u003eDiscussion Questions 317\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart IV \u003c\/b\u003e\u003cb\u003eEntrepreneurial Management and Control\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15 \u003c\/b\u003e\u003cb\u003eBasic Entrepreneurial Management 321\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e15.1 Planning 322\u003c\/p\u003e \u003cp\u003eConcepts of Planning 322\u003c\/p\u003e \u003cp\u003eThe Planning Process 323\u003c\/p\u003e \u003cp\u003e15.2 Organizing 324\u003c\/p\u003e \u003cp\u003eDefining the Tasks 324\u003c\/p\u003e \u003cp\u003eFunctional Departmentalization 324\u003c\/p\u003e \u003cp\u003eRange of Control 324\u003c\/p\u003e \u003cp\u003eDelegation of Authority 325\u003c\/p\u003e \u003cp\u003eTypes of Organizational Structures 325\u003c\/p\u003e \u003cp\u003e15.3 Staffing 326\u003c\/p\u003e \u003cp\u003e15.4 Directing 326\u003c\/p\u003e \u003cp\u003eLeadership and Leaders 327\u003c\/p\u003e \u003cp\u003e15.5 Controlling 329\u003c\/p\u003e \u003cp\u003e15.6 Business Strategies 330\u003c\/p\u003e \u003cp\u003eProduct Differentiation 330\u003c\/p\u003e \u003cp\u003eCost Minimization 330\u003c\/p\u003e \u003cp\u003eNiche Creation 331\u003c\/p\u003e \u003cp\u003e15.7 Summary 331\u003c\/p\u003e \u003cp\u003eKey Concepts 332\u003c\/p\u003e \u003cp\u003eDiscussion Questions 332\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 16 \u003c\/b\u003e\u003cb\u003eLocation and Layout 334\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e16.1 Factors Affecting the Selection of Location 335\u003c\/p\u003e \u003cp\u003eThe General Factors 335\u003c\/p\u003e \u003cp\u003eSpecific Factors 336\u003c\/p\u003e \u003cp\u003e16.2 Types of Business Outlets and Locations 337\u003c\/p\u003e \u003cp\u003eOutlets by Types of Goods and Services 338\u003c\/p\u003e \u003cp\u003eRetail Outlet Locations 339\u003c\/p\u003e \u003cp\u003eService Outlet Locations 340\u003c\/p\u003e \u003cp\u003eWholesale Outlet Locations 340\u003c\/p\u003e \u003cp\u003eProduction Plant Locations 340\u003c\/p\u003e \u003cp\u003e16.3 Site Selection 341\u003c\/p\u003e \u003cp\u003eLow Customer Contact Businesses 342\u003c\/p\u003e \u003cp\u003eHigh Customer Contact Businesses 343\u003c\/p\u003e \u003cp\u003eGood Visibility 343\u003c\/p\u003e \u003cp\u003eAdequate and Proper Parking 343\u003c\/p\u003e \u003cp\u003eSelected Quantitative Measures 344\u003c\/p\u003e \u003cp\u003eRadius of the Trading Area 346\u003c\/p\u003e \u003cp\u003eExpansion Consideration 347\u003c\/p\u003e \u003cp\u003e16.4 Site Alternatives 347\u003c\/p\u003e \u003cp\u003eDowntown Area 347\u003c\/p\u003e \u003cp\u003eShopping Plazas and Malls 347\u003c\/p\u003e \u003cp\u003eThroughout Neighborhoods 347\u003c\/p\u003e \u003cp\u003eAt Home 348\u003c\/p\u003e \u003cp\u003e16.5 Layout and Design 348\u003c\/p\u003e \u003cp\u003eRetail Layout 348\u003c\/p\u003e \u003cp\u003eWholesale Layout 353\u003c\/p\u003e \u003cp\u003eManufacturing Layout 353\u003c\/p\u003e \u003cp\u003eService Layout 354\u003c\/p\u003e \u003cp\u003eExterior\/Interior Considerations 356\u003c\/p\u003e \u003cp\u003eSight, Sound, and Smell Considerations 356\u003c\/p\u003e \u003cp\u003eEnvironmental Considerations 357\u003c\/p\u003e \u003cp\u003e16.6 Summary 357\u003c\/p\u003e \u003cp\u003eKey Concepts 357\u003c\/p\u003e \u003cp\u003eDiscussion Questions 358\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 17 \u003c\/b\u003e\u003cb\u003eOperations, Budgeting, and Taxes 359\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOperations 359\u003c\/p\u003e \u003cp\u003e17.1 Material and Supplies: Buying or Making? 360\u003c\/p\u003e \u003cp\u003e17.2 Product Quality 361\u003c\/p\u003e \u003cp\u003eQuality Control 362\u003c\/p\u003e \u003cp\u003eStatistical Methods to Control Quality 362\u003c\/p\u003e \u003cp\u003eBudgeting 363\u003c\/p\u003e \u003cp\u003e17.3 Budgetary Variance and Flexible Budgeting 364\u003c\/p\u003e \u003cp\u003e17.4 Types of Budgets 365\u003c\/p\u003e \u003cp\u003eOperating Budget 365\u003c\/p\u003e \u003cp\u003eCash Flow Budget 366\u003c\/p\u003e \u003cp\u003e17.5 Considerations for Budgetary Control 368\u003c\/p\u003e \u003cp\u003eTaxes 368\u003c\/p\u003e \u003cp\u003e17.6 Types of Taxes 369\u003c\/p\u003e \u003cp\u003eFirm’s Own Business Taxes 369\u003c\/p\u003e \u003cp\u003eSales Taxes 369\u003c\/p\u003e \u003cp\u003eEmployment-Related Taxes 369\u003c\/p\u003e \u003cp\u003eOwner’s Taxes 370\u003c\/p\u003e \u003cp\u003e17.7 Taxes and Forms of Business Ownership 371\u003c\/p\u003e \u003cp\u003e17.8 Considerations and Strategies 371\u003c\/p\u003e \u003cp\u003e17.9 Summary 373\u003c\/p\u003e \u003cp\u003eKey Concepts 374\u003c\/p\u003e \u003cp\u003eDiscussion Questions 374\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 18 \u003c\/b\u003e\u003cb\u003eMarketing, Promotion, and Distribution 375\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e18.1 Market and Customer 375\u003c\/p\u003e \u003cp\u003eThe Changing Target Market 376\u003c\/p\u003e \u003cp\u003e18.2 Marketing and Customer’s Decisions 378\u003c\/p\u003e \u003cp\u003eIdentifying the Needs\/Wants 378\u003c\/p\u003e \u003cp\u003eSearching and Collecting Information 379\u003c\/p\u003e \u003cp\u003eEvaluating the Alternatives 379\u003c\/p\u003e \u003cp\u003eMaking the Final Choice 379\u003c\/p\u003e \u003cp\u003ePost-Purchase Stage 380\u003c\/p\u003e \u003cp\u003e18.3 Marketing Research 381\u003c\/p\u003e \u003cp\u003eSecondary Data 381\u003c\/p\u003e \u003cp\u003ePrimary Data 382\u003c\/p\u003e \u003cp\u003eMarketing Strategy 383\u003c\/p\u003e \u003cp\u003e18.4 Product 383\u003c\/p\u003e \u003cp\u003eProduct Life Cycle 384\u003c\/p\u003e \u003cp\u003eThe Total Product 385\u003c\/p\u003e \u003cp\u003eProduct Commercialization 389\u003c\/p\u003e \u003cp\u003e18.5 Price 389\u003c\/p\u003e \u003cp\u003eConsiderations for a Pricing Policy 389\u003c\/p\u003e \u003cp\u003ePrice Strategies 390\u003c\/p\u003e \u003cp\u003e18.6 Place 393\u003c\/p\u003e \u003cp\u003eStorage 393\u003c\/p\u003e \u003cp\u003eTransportation 394\u003c\/p\u003e \u003cp\u003eDistribution 394\u003c\/p\u003e \u003cp\u003e18.7 Promotion 396\u003c\/p\u003e \u003cp\u003ePersonal Selling 396\u003c\/p\u003e \u003cp\u003eSales Promotion 397\u003c\/p\u003e \u003cp\u003eAdvertising 398\u003c\/p\u003e \u003cp\u003ePublicity and Public Relations 399\u003c\/p\u003e \u003cp\u003e18.8 Summary 400\u003c\/p\u003e \u003cp\u003eKey Concepts 400\u003c\/p\u003e \u003cp\u003eDiscussion Questions 401\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 19 \u003c\/b\u003e\u003cb\u003eHuman Resource Management 402\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e19.1 Job Analysis 402\u003c\/p\u003e \u003cp\u003eJob Description 403\u003c\/p\u003e \u003cp\u003eJob Specification 403\u003c\/p\u003e \u003cp\u003eJob Application 403\u003c\/p\u003e \u003cp\u003eJob Satisfaction 404\u003c\/p\u003e \u003cp\u003e19.2 Personnel Planning 404\u003c\/p\u003e \u003cp\u003eRecruiting 405\u003c\/p\u003e \u003cp\u003eScreening and Selecting 406\u003c\/p\u003e \u003cp\u003eHiring and Orienting 408\u003c\/p\u003e \u003cp\u003eCompensation and Benefits 412\u003c\/p\u003e \u003cp\u003eAppraisal and Evaluation 414\u003c\/p\u003e \u003cp\u003eTerminating 416\u003c\/p\u003e \u003cp\u003eOther Issues 416\u003c\/p\u003e \u003cp\u003eThe Discipline System 418\u003c\/p\u003e \u003cp\u003e19.3 Summary 419\u003c\/p\u003e \u003cp\u003eKey Concepts 420\u003c\/p\u003e \u003cp\u003eDiscussion Questions 420\u003c\/p\u003e \u003cp\u003eAppendix 421\u003c\/p\u003e \u003cp\u003eGlossary 427\u003c\/p\u003e \u003cp\u003eFurther Reading 439\u003c\/p\u003e \u003cp\u003eIndex 441\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":49406906237271,"sku":"9781118691519","price":102.56,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781118691519.jpg?v=1730497515","url":"https:\/\/bookcurl.com\/products\/entrepreneurial-finance-9781118691519","provider":"Book Curl","version":"1.0","type":"link"}