Entrepreneurial Financial Management

Jeffrey R. Cornwall is the inaugural recipient of the Jack C. Massey Chair in Entrepreneurship at Belmont University, USA. He has published eight books on business ethics and entrepreneurship and is co-founder of Entrepreneurial Mind, LLC, which produces web-based video content for entrepreneurs and small business owners. His blog, www.drjeffcornwall.com, is one of the most popular small business blogs today. David O. Vang is a Professor of Finance in the Opus College of Business at the University of St. Thomas, USA and is a winner of the Iowa State Outstanding Educator Award. He has served as the CFO of a high-technology start-up company and has performed over seventy consulting assignments for organizations in areas such as derivatives, acquisitions, leveraged buyouts, product and service costing, and corporate finance. Jean M. Hartman is a certified public accountant, currently providing financial guidance to a nonprofit serving the chronically homeless. Her areas of interest include entrepreneurship, business ethics, and working with nonprofits to develop the critical understanding of financial statements and cash flow when applying ethical practices.

1. Introduction  Part I: Building a Financial Forecast  2. Setting Financial Goals  3. Understanding Financial Statements  4. Revenue Forecasting  5. Expense Forecasting  6. Integrated Financial Model  Part II: Managing the Financial Resources of a Venture  7. Monitoring Financial Performance  8. Day-to-Day Cash Flow Management and Forecasting  Part III: Sources of Financing  9. Financing Over the Life of a Venture  10. Start-Up Financing from the Entrepreneur, Friends, and Family  11. Bootstrapping  12. External Sources of Funds: Equity  13. External Sources of Funds: Debt  14. Financing the High-Growth Business  Part IV: Planning for the Entrepreneur's Transition  15. Business Valuation  16. Exit Planning