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Entrepreneurial finance : fundamentals of financial planning and management for small business / M.J. Alhabeeb

Author:
Alhabeeb, M. J., 1954-
Published:
Hoboken, New Jersey : John Wiley & Sons, Inc., [2015]
Physical Description:
xix, 458 pages : illustrations ; 25 cm

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Contents:
Machine generated contents note: ch. 1 Small Business And The Entrepreneur -- 1.1.What is Entrepreneurial Finance? -- 1.2.Significance of the Small Business -- 1.3.Entrepreneurship and the Entrepreneur -- 1.4.The Idea and the Opportunity -- Sources of New Business Ideas -- 1.5.From an Idea to Reality -- Stage I: Development, Start Up, and Early Growth -- Stage II: Increasing Growth and Maturity -- 1.6.Summary -- Key Concepts -- Discussion Questions -- ch. 2 Small Business Options -- 2.1.Starting a New Business -- Advantages and Disadvantages of Starting from Scratch -- Important Steps for the Right Start -- 2.2.Buying an Existing Business -- Advantages -- Disadvantages -- Due Diligence -- 2.3.Purchase Options -- Buy-Out Option -- Buy-In Option -- Bulk-Asset Buying Option -- Take-Over Option -- The Final Steps in the Buying Process -- 2.4.Franchise -- Types of Franchise -- Advantages and Disadvantages of the Franchise Option -- The Legal Aspect of Franchising -- 2.5.Home Business and Family Business -- 2.6.Summary -- Key Concepts -- Discussion Questions -- ch. 3 Small Business Purchase Price -- 3.1.Asset-Based Value -- 3.2.Cash Flow[—]Based Value -- 3.3.Market-Based Value -- 3.4.Capitalized Earnings[—]Based Value -- 3.5.Financial Ratios[—]Based Value -- 3.6.Summary -- Key Concepts -- Discussion Questions -- ch. 4 Forms Of Business Ownership -- 4.1.Sole Proprietorship -- Advantages of Sole Proprietorship -- Disadvantages of Sole Proprietorship -- 4.2.Partnership -- Partners' Rights -- Partners' Responsibilities -- Types of Partnership -- Types of Partners -- Advantages of Partnership -- Disadvantages of Partnership -- 4.3.Corporation -- Justifications for the Creation of Corporations -- Organizational Structure and Management of Corporations -- S-Corporation -- Advantages of Corporation -- Disadvantages of Corporation -- 4.4.Other Forms of Business Ownership -- Limited Liability Company (LLC) -- Professional Service Corporation (PSC) -- Joint Venture (JV) -- Non-Profit Corporation (NPC) -- Cooperatives -- 4.5.Summary -- Key Concepts -- Discussion Questions -- ch. 5 The Business Plan -- 5.1.What is a Business Plan? -- Types of Business Plan -- Importance and Rationale -- 5.2.Contents of the Plan -- Title Page -- Confidentiality Statement -- Table of Contents -- Executive Summary -- Vision, Mission, and Elevator Pitch -- Business Description -- Background -- Product -- Market -- Functional Plans -- Operational Plan -- Management Plan -- Marketing Plan -- Financial Plan -- Appendix -- 5.3.Other Elements of the Plan -- Milestone Chart -- SWOT Analysis -- Critical Risks -- Measures of Control -- Succession Plan -- Environmental Impact -- 5.4.Reviewing the Plan -- 5.5.Anticipating and Preparing Responses to Potential Risks -- 5.6.Financing the Plan -- Venture Capitalists -- Angel Investors -- 5.7.Presenting the Plan -- 5.8.Updating the Plan -- 5.9.Grooming the Plan -- The Written Text -- The PowerPoint Slides -- 5.10.Summary -- Key Concepts -- Discussion Questions -- ch. 6 Financial Statements And Their Analysis -- 6.1.The Balance Sheet -- Components of the Balance Sheet -- Balances of the Balance Sheet -- The Cash Flow Cycle -- 6.2.Income[—]Expenses Statement -- 6.3.Financial Statement Analysis -- Vertical Analysis -- Horizontal Analysis -- 6.4.Ratio Analysis -- Profitability Ratios -- Market-Based Ratios -- Operational Ratios -- Liquidity Ratios -- Debt Ratios -- 6.5.The DuPont Model -- A Final Word About Ratios -- 6.6.Summary -- Key Concepts -- Discussion Questions -- ch. 7 Capital Structure And Leverage -- 7.1.Debt and Equity Capital -- Debt Capital -- Equity Capital -- Debt versus Equity Financing -- 7.2.The Optimal Capital Structure -- The Traditional Approach -- The Modigliani[—]Miller Approach -- Other Approaches to Capital Structure -- 7.3.Leverage -- Operating Leverage -- Operating Leverage, Fixed Cost, and Business Risk -- Financial Leverage -- Total or Combined Leverage -- 7.4.Summary -- Key Concepts -- Discussion Questions -- ch. 8 Profit And The Cost[—]volume Analysis -- 8.1.Profit Concept Between Economics and Accounting -- 8.2.Profit Margin and Markup -- 8.3.Profit and Cash Flow -- 8.4.Profitability and Earning Power -- 8.5.When Would a Firm Start Collecting Profits? -- Cost[—]Volume[—]Profit Analysis -- 8.6.Break-Even Quantity and Break-Even Revenue -- 8.7.Break-Even Graphics -- 8.8.Desired Profit and the Break-Even Point -- 8.9.Non-Cash Charges and the Break-Even Point -- 8.10.Profit Planning -- 8.11.Summary -- Key Concepts -- Discussion Questions -- ch. 9 Pro Forma Statement And Financial Forecasting -- 9.1.Basic Pro Forma Statements -- Pro Forma Income Statement -- Pro Forma Balance Sheet -- 9.2.Pro Forma and the Sales Ratio -- 9.3.Change in Sales (ΔS) and the Needed Fund -- Financial Forecasting -- 9.4.Role of Financial Forecasting -- 9.5.Basic Steps of Forecasting -- 9.6.Types of Forecasting Models -- Qualitative Models -- Quantitative Models -- 9.7.The Analysis of Time Series -- Time Series and Data Variations -- 9.8.Fitting the Model -- 9.9.Adjusting for Seasonality -- The Simple Average of Errors Method -- The Actual to Forecast (A/F) Ratio Method -- The Dummy Variables Method -- 9.10.The Smoothed Forecasts -- Simple Moving Average Method -- The Weighted Moving Average -- Exponential Smoothing -- 9.11.Barometric Forecasting -- 9.12.Testing Forecasting Accuracy -- The RMSE Check -- The MAD Check -- The MAPE Check -- 9.13.Summary -- Key Concepts -- Discussion Questions -- ch. 10 Working Capital -- 10.1.What is Working Capital? -- 10.2.Working Capital and Profit-Risk Manipulation -- 10.3.Working Capital and Financing Strategies -- The Aggressive Approach -- The Conservative Approach -- The Balanced Approach -- 10.4.Summary -- Key Concepts -- Discussion Questions -- ch. 11 Financial Management Of Working Capital -- 11.1.Cash Management -- The Required Minimum Cash -- Types of Cash and Floats -- 11.2.Marketable Securities Management -- Common Marketable Securities -- 11.3.Account Receivable -- Credit Control -- Credit Evaluation -- Cash Discount to Speed Up Collection -- Account Receivable Aging -- Current Liabilities Management -- 11.4.Account Payable and Trade Discounts -- 1.The Traditional Method -- 2.The NCRF Method -- Cash Discount for Prompt Payments -- Cumulative and Quantity Discounts -- 11.5.Summary -- Key Concepts -- Discussion Questions -- ch. 12 Inventory Management And Control -- 12.1.What is Inventory? -- Inventory Functions -- Inventory Cost -- ABC Analysis -- 12.2.Economic Order Quantity (EOQ) -- EOQ for Quantity Discount -- EOQ for the Production-Run Model -- 12.3.The Reorder Point -- Determining the Safety Stock Level -- 12.4.JIT-Inventory System -- 12.5.Summary -- Key Concepts -- Discussion Questions -- ch. 13 Investment Project Evaluation And Risk Management -- 13.1.Categories of Investment Purposes -- Replacement Projects -- Renewal Projects -- Expansive Projects -- Cost-Reduction Projects -- Conforming Projects -- Other projects -- 13.2.Steps for Project Selection -- 13.3.Types of Projects -- Independent Projects -- Mutually Exclusive Projects -- 13.4.Patterns of Cash Flow -- The Conventional Pattern -- The Non-conventional Pattern -- 13.5.Project Evaluation Techniques -- Average Rate of Return -- Payback Period -- Net Present Value -- Internal Rate of Return -- NPV versus IRR for Mutually Exclusive Projects -- NPV Profile, Crossover Rate, and the Ranking Reversal -- Profitability Index and Capital Rationing -- Investment Projects and Business Risk -- 13.6.Risk and its Sources -- Where Would Risk Come From? -- 13.7.Methods of Risk Management -- Risk-Adjusted Discount Rate -- Risk-Adjusted Returns -- The Statistical Adjustment -- 13.8.Sensitivity Analysis, Scenario Analysis, and Simulation -- Decision Tree -- 13.9.Summary -- Key Concepts -- Discussion Questions -- ch. 14 Business Valuation And Harvesting -- 14.1.What is Business Valuation? -- 14.2.Valuation Tools -- Book Value of Assets and Shares -- Market Price of Shares -- Capitalization of Major Variables -- 14.3.Valuation Techniques -- The Multiplier Approach -- The Capitalization Approach -- Varieties of the Capitalization Approach -- Harvesting -- 14.4.What is Business Harvesting? -- 14.5.Harvesting Strategies -- Systematic Liquidation -- Outright Sale -- Acquisition -- Going Public -- 14.6.Summary -- Key Concepts -- Discussion Questions -- ch. 15 Basic Entrepreneurial Management -- 15.1.Planning -- Concepts of Planning -- The Planning Process -- 15.2.Organizing -- Defining the Tasks -- Functional Departmentalization -- Range of Control -- Delegation of Authority -- Types of Organizational Structures -- 15.3.Staffing -- 15.4.Directing -- Leadership and Leaders -- 15.5.Controlling -- 15.6.Business Strategies -- Product Differentiation -- Cost Minimization -- Niche Creation -- 15.7.Summary -- Key Concepts -- Discussion Questions -- ch. 16 Location And Layout -- 16.1.Factors Affecting the Selection of Location -- The General Factors -- Specific Factors -- 16.2.Types of Business Outlets and Locations -- Outlets by Types of Goods and Services -- Retail Outlet Locations -- Service Outlet Locations -- Wholesale Outlet Locations -- Production Plant Locations -- 16.3.Site Selection -- Low Customer Contact Businesses -- High Customer Contact Businesses -- Good Visibility -- Adequate and Proper Parking -- Selected Quantitative Measures -- Radius of the Trading Area -- Expansion Consideration -- 16.4.Site Alternatives -- Downtown Area -- Shopping Plazas and Malls -- Throughout Neighborhoods -- At Home -- 16.5.Layout and Design -- Retail Layout -- Wholesale Layout -- Manufacturing Layout -- Service Layout -- Exterior/Interior Considerations -- Sight, Sound, and Smell Considerations -- Environmental Considerations -- 16.6.Summary -- Key Concepts -- Discussion Questions -- ch. 17 Operations, Budgeting, And Taxes -- Operations -- and Contents note continued: 17.1.Material and Supplies: Buying or Making? -- 17.2.Product Quality -- Quality Control -- Statistical Methods to Control Quality -- Budgeting -- 17.3.Budgetary Variance and Flexible Budgeting -- 17.4.Types of Budgets -- Operating Budget -- Cash Flow Budget -- 17.5.Considerations for Budgetary Control -- Taxes -- 17.6.Types of Taxes -- Firm's Own Business Taxes -- Sales Taxes -- Employment-Related Taxes -- Owner's Taxes -- 17.7.Taxes and Forms of Business Ownership -- 17.8.Considerations and Strategies -- 17.9.Summary -- Key Concepts -- Discussion Questions -- ch. 18 Marketing, Promotion, And Distribution -- 18.1.Market and Customer -- The Changing Target Market -- 18.2.Marketing and Customer's Decisions -- Identifying the Needs/Wants -- Searching and Collecting Information -- Evaluating the Alternatives -- Making the Final Choice -- Post-Purchase Stage -- 18.3.Marketing Research -- Secondary Data -- Primary Data -- Marketing Strategy -- 18.4.Product -- Product Life Cycle -- The Total Product -- Product Commercialization -- 18.5.Price -- Considerations for a Pricing Policy -- Price Strategies -- 18.6.Place -- Storage -- Transportation -- Distribution -- 18.7.Promotion -- Personal Selling -- Sales Promotion -- Advertising -- Publicity and Public Relations -- 18.8.Summary -- Key Concepts -- Discussion Questions -- ch. 19 Human Resource Management -- 19.1.Job Analysis -- Job Description -- Job Specification -- Job Application -- Job Satisfaction -- 19.2.Personnel Planning -- Recruiting -- Screening and Selecting -- Hiring and Orienting -- Compensation and Benefits -- Appraisal and Evaluation -- Terminating -- Other Issues -- The Discipline System -- 19.3.Summary -- Key Concepts -- Discussion Questions.
Subject(s):
ISBN:
9781118691519 (cloth)
1118691512 (cloth)
Bibliography Note:
Includes bibliographical references and index.
View MARC record | catkey: 15421071