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Solution Manual for Entrepreneurial Finance, 6th Edition

Solution Manual for Entrepreneurial Finance, 6th Edition enhances your subject knowledge with well-structured textbook insights.

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1Chapter1INTRODUCTIONTO FINANCE FOR ENTREPRENEURSFOCUSThe purpose of this first chapter is to present an overview of what entrepreneurial finance isabout. In doing so we hope to convey to you the importance of understanding and applyingentrepreneurial finance methods and tools to help ensure an entrepreneurial venture is successful.We present a life cycle approach to the teaching of entrepreneurial finance where we coverventure operating and financial decisions faced by the entrepreneur as a venture progresses froman idea through to harvesting the venture.LEARNING OBJECTIVES1.Characterize the entrepreneurial process.2.Describe entrepreneurship andsomecharacteristics of entrepreneurs.3.Indicatethreemegatrends providing waves ofentrepreneurial opportunities.4.List and describe the seven principles of entrepreneurial finance.5.Discuss entrepreneurial finance and the role of the financial manager.6.Describe the various stages of a successful venture’s life cycle.7.Identify,by life cycle stage,the relevanttypes of financingandinvestors.8.Understand the life cycle approach used in this book.CHAPTER OUTLINE1.1THE ENTREPRENEURIAL PROCESS1.2ENTREPRENEURSHIP FUNDAMENTALSA.Who is an Entrepreneur?B.Basic DefinitionsC.Entrepreneurial Traits or CharacteristicsD.Opportunities Exist But Not Without Risks1.3SOURCES OF ENTREPRENEURIAL OPPORTUNITIESA.Societal ChangesB.Demographic ChangesC.Technological ChangesD.Emerging Economies and Global ChangesE.Crises and “Bubbles”F.Disruptive Innovation1.4PRINCIPLES OF ENTREPRENEURIAL FINANCEA.Real, Human, and Financial Capital must be Rented from Owners(Principle #1)B.Risk and Expected Reward go Hand in Hand(Principle #2)C.While Accounting is the Language of Business, Cash is the Currency(Principle #3)D.New Venture Financing Involves Search, Negotiation, and Privacy(Principle #4)E.A Venture’s Financial Objective is to Increase Value(Principle #5)

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Subject
Finance
Textbook
Entrepreneurial Finance by J. Chris...

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