Search results for ""Author Rudy Aernoudt""

Book SynopsisEntrepreneurship: no guts, no glory is a provocative scientifically reasoned book about the impact of entrepreneurship on the economy and our quality of life. Until recently, entrepreneurs that failed were shamed publicly. While this is no longer the case, we are still far away from a society where failure is tolerated and entrepreneurship encouraged. In this book, entrepreneurship is discussed from inception to growth; from unicorns to zombies; from success to failure; from offshoring to reshoring. The author argues for an enterprise and entrepreneurship-friendly ecosystem in Europe, where there is a place and space for industry, where public administration is considered less important than industry and where entrepreneurship policy - and not employment policy - is utilised to create employment. The key to achieving this is not subsidies, but risk-sharing, venture financing, business angels, crowdfunding, incubators, accelerators, reshoring, second chance policy and a real industrial policy. 'Isn't life too short to work for a boss?' With this opening question the author obliges the critical reader to take a stance. The statement indicates that entrepreneurship is about culture. It is a mindset. It is about having guts.Trade Review'When you first meet Professor Aernoudt you have to admire his love of life and his passion for entrepreneurship. Professor Aernoudt's unique selling point as an expert is that he genuinely understand entrepreneurs, their needs, their pains, and the drive that makes individuals a success or a failure in business. Loved by his students because it not all theory, he brings the reality of entrepreneurship into the classroom and into his books. Entrepreneurs grasp opportunities, Professor Aernoudt analyses the challenges and offers the solutions - proposing an entrepreneurial ecosystem that others have rarely considered.' -- Madi Sharma, Madi Group, 2020.Table of ContentsPart I. Enterprise and Entrepreneurship: A Policy Issue? Chapter 1. Entrepreneurship: A State of Mind (p. 1) Chapter 2. Entrepreneurship Culture (p. 5) Chapter 3. Enterprise Policy: The Four Objectives (p. 9) Chapter 4. Enterprise Policy in Evolution (p. 15) Part II. Enterprise Policies. Chapter 5. Start-Up Policy (p. 25) Chapter 6. Growth Enablers Policy (p. 43) Chapter 7. Bankruptcy and Second Chance (p. 71) Chapter 8. Retention and Reshoring Policy (p. 81) Part III. Entrepreneurship and Financing. Chapter 9. The Finance Paradox (p. 91) Chapter 10. Is the Crowd Entrepreneurial? (p. 119) Chapter 11. Equity Financing: Angels and (Ad)Ventures (p. 129) Chapter 12. Guarantees: Obsolete or Sexy? (p. 151) Part IV. Entrepreneurship: Capita Selecta. Chapter 13. Starters, Incubators, Accelerators and Hackethons (p. 169) Chapter 14. The Gender Gap: An Untapped Growth Potential? (p. 187) Chapter 15. Zombies, Exnovation and Innovation (p. 197) Chapter 16. Delocalisation and the Scale-Up Gap (p. 205)

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Book SynopsisThis book is unique as it goes beyond the classical academic approach and opts for an approach whereby the theoretical insights are systematically illustrated by concrete cases and exercises. This explains its title: Financial Management in Practice. This approach makes this book very suitable both for financial managers and for university and high school students.Beginning with a description of the current banking and entrepreneurial landscape, the book proceeds to examine the basic concept of financial management. The business plan and financing plan become the working tools in the author's search for optimal financing and in determining the value of the enterprise. This is followed by an analysis of all forms of debt financing such as overdraft, investment credits, straight loans, leasing and factoring.Subsequently, the book examines mezzanine financing, formal and informal venture capital, including business angels and crowdfunding, as well as stock quotations and initial public offerings. The book concludes with a review on the Basel Accords, from the viewpoint of the entrepreneur. This way, the author provides ammunition for managers confronted with banks or venture capitalists who claim that some actions are not possible "because of Basel".The glossary at the end of the book lists the major financial terms to ensure smooth reading. The included tables with annuity factors should facilitate the investment analysis. And last but not least, solutions to the exercises have been included at the back of this book, so that the active reader can evaluate his own solutions."In contrast to the rather academic approach taken by other authors, Professor Aernoudt opts for an approach based on practice, with cases and exercises to enhance understanding of various theoretical approaches. This book therefore fills an important gap".Table of ContentsChapter 1. The financing landscape (p. 1) Chapter 2. Financial management (p. 15) Chapter 3. Valuation (p. 95) Chapter 4. Debt financing (p. 121) Chapter 5. Mezzanine (p. 175) Chapter 6. Formal venture capital (p. 183) Chapter 7. Business angels (p. 225) Chapter 8. Lovemoney and crowdfunding (p. 273) Chapter 9. The issue of shares (p. 293) Chapter 10. The Basel Accords (p. 303) General conclusion (p. 367) Annexes (p. 369) Bibliography (p. 405) Index (p. 413)

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