SOLUTION MANUAL For Entrepreneurial Finance, 7th Edition by J. Chris Leach, Ronald W. Melicher, Chapters 1 - 16, Complete With CAPSTONE CASES

SOLUTION MANUAL
Entrepreneurial Finance, 7th Edition by J. Chris Leach, Ronald W. Melicher, Chapters 1 - 16, Complete
With CAPSTONE CASES




TABLE OF CONTENTS
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,Part 1: THE ENTREPRENEURIAL ENVIRONMENT.
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1. Introduction to
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Finance for Entrepreneurs.
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2. Developing the Business Idea.
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Part 2: ORGANIZING AND OPERATING THE VENTURE.
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3. Organizing and Financing a New Venture.
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4. Preparing and Using Financial Statements.
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5. Evaluating Operating and Financial Performance.
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Part 3: PLANNING FOR THE FUTURE.
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6. Managing Cash Flow.
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7. Types and Costs of Financial Capital.
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8. Securities Law Considerations When Obtaining Venture Financing.
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Part 4: CREATING AND RECOGNIZING VENTURE VALUE.
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9. Projecting Financial Statements.
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10. Valuing Early-Stage Ventures.
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11. Venture Capital Valuation Methods.
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Part 5: STRUCTURING FINANCING FOR THE GROWING VENTURE.
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12. Professional Venture Capital.
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13. Other Financing Alternatives.
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14. Security Structures and Determining Enterprise Values.
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Part 6: EXIT AND TURNAROUND STRATEGIES.
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15. Harvesting the Business Venture Investment.
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16. Financially Troubled Ventures: Turnaround Opportunities?
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Part 7: CAPSTONE CASES.
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Case 1. Eco-Products, Inc.
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Case 2. Spatial Technology,
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Chapter 1 yv

,INTRODUCTION TO FINANCE FOR ENTREPRENEURS yv yv yv yv




FOCUS


The purpose of this first chapter is to present an overview of what entreprene
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urial finance is about. In doing so we hope to convey to you the importance of
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understanding and applying entrepreneurial finance methods and tools to hel
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p ensure an entrepreneurial venture is successful.We present a life cycle appr
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oach to the teaching of entrepreneurial finance where we cover venture opera
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ting and financial decisions faced by the entrepreneur as a venture progresses
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v from an idea through to harvesting the venture.
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LEARNING OBJECTIVES yv




LO 1.1: Characterize the entrepreneurial process.
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LO 1.2: Describe entrepreneurship and some characteristics of entrepreneurs.
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LO 1.3: Indicate several megatrends providing waves of entrepreneur
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ial opportunities.LO 1.4: List and describe the seven principles of entr
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epreneurial finance. yv




LO 1.5: Discuss entrepreneurial finance and the role of the fina
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ncial manager.LO 1.6: Describe the various stages of a successf
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ul venture‘s life cycle.
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LO 1.7: Identify, by life cycle stage, the relevant types of financing
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and investors.LO 1.8: Understand the life cycle approach used in t
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his book. yv




CHAPTER OUTLINE yv

, 1.1 THE ENTREPRENEURIAL PROCESS
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1.2 ENTREPRENEURSHIP FUNDAMENTALS yv




A. Who is an Entrepreneur?
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B. Basic Definitions
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C. Entrepreneurial Traits or Characteristics yv yv yv




D. Opportunities Exist But Not Without Risks yv yv yv yv yv




1.3 SOURCES OF ENTREPRENEURIAL OPPORTUNITIES
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A. Societal Changes yv




B. Demographic Changes yv




C. Technological Changes yv




D. Emerging Economies and Global Changes
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E. Crises and ―Bubbles‖
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F. Disruptive Innovation yv




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