Entrepreneurial Finance, 6th edition

For courses in Entrepreneurial Finance, Entrepreneurship, Small Business Ownership.

For many, starting a business can be an overwhelming experience. Understanding the financial aspects of running a business can be even more daunting. Entrepreneurial Finance, Sixth Edition was written to help a broad range of U.S. business owners understand the financial aspects of entrepreneurship. Unlike traditional corporate finance books, this text explains the financial topics most important to running a profitable small business suchasinventory control, time value of money, working capital management, and forecasting. Updated to reflect recent economic trends, this edition also shows how  two popular business tools (excel and TI BA II Plus calculator) can assist business owners in problem-solving and decision-making.

Tackles the financial aspects of business entrepreneurship—from business planning to inventory control, to time value of money, to working capital management, to forecasting and financial planning for both the entrepreneur and the business.

Provides critical background knowledge—by presenting basic economic and financial concepts early in the text.

Explains the different types of small businesses—by examining the financial statements for Sole Proprietorships, Partnerships, LLCs and Corporations.

Explains all six time value of money formulas—and their application in both personal financial planning and business financial planning.

Offers a glimpse at real small businesses—using short end-of-chapter case studies.

Shows how to solve sample problems—using excel and the Texas Instruments BAII Plus calculator.  

Updated to reflect recent economic trends, this sixth edition looks even more closely at the time value of money and how it can be used in business and personal financial planning. New excel and calculator examples, problems, and step-by-step solutions are included.

More on time value of money shows how to use it as a decision making tool in both business planning and personal financial planning.

New time value of money problems require students to use both excel and the TI BA II Plus calculator.

New time value of money diagrams walk students through TVM problems step-by-step and include screen shots from the most popular business calculators (excel and Texas Instrument BA II Plus calculator).

New content reflects the current state of the economy and includes low interest rate loans and upside down mortgages.

Updated Chapter 11 highlights personal investment options for entrepreneurs and discusses the requirements for an annual financial tune-up.

Refreshed Appendix A provides more coverage of calculators and spreadsheets and shows how to use them to solve business problems step-by-step.