Book description
Raising Entrepreneurial Capital guides the reader through the stages of successfully financing a business. The book proceeds from a basic level of business knowledge, assuming that the reader understands simple financial statements, has selected a specific business, and knows how to write a business plan. It provides a broad summary of the subjects that people typically research, such as "How should your company position itself to attract private equity investment?" and "What steps can you take to improve your company's marketability?"
Much has changed since the book was first published, and this second edition places effects of the global recession in the context of entrepreneurship, including the debt vs. equity decision, the options available to smaller businesses, and the considerations that lead to rapid growth, including venture capital, IPOs, angels, and incubators. Unlike other books of the genre, Raising Entrepreneurial Capital includes several chapters on worldwide variations in forms and availability of pre-seed capital, incubators, and the business plans they create, with case studies from Europe, Latin America, and the Pacific Rim.
- Combines solid theory with a practitioner's experience and insights
- Case studies illustrate theory throughout the book
- Updated to reflect the realities of the global economic recession
Table of contents
- Cover image
- Title page
- Table of Contents
- Copyright
- Dedication
- Preface
- Acknowledgments
-
1. Introduction
- Getting Started
- The Typical American Business
- Requirements for Being Considered a Small Business
- Small Businesses’ Role in the U.S. Economy
- Understanding the Characteristics of Small Businesses
- Examples of Opportunities for Self-Employed Entrepreneurs
- The Home-Based Alternative
- Is Fractional Entrepreneurship the Way to Start?
- Characteristics of Business Owners
- Global Entrepreneurship
- Creative Sources of Capital: Bootstrapping
- Initial Sources of Capital
- Small Firms’ Typical Use of Financial Services
- Bootstrap Strategies
- Growing the Business
- Raising Funds Using Social Networking
- Perspectives on Small Business Failure
- Organizational Form
- Ownership Structure and Capitalization
- Organization of the Book
- Summary
- Discussion Questions
- Case 1.1 New Tech (A): Overview
- Bibliography
-
2. Alternatives in Venture Financing: Debt Capital
- Introduction
- Case 2.1 SPS: Financing Strategy
- Case 2.2 MDO Products, Inc.: Start-Up Financing
- Case 2.3 Cajun Yachts, Inc.: Start-Up Financing
- Summary
- Discussion Questions
- Case 2.4 New Tech (B): How Much Do They Need?
- Appendix 2.1 New Tech (C): Financial Statements
- Appendix 2.2 New Tech (D): Financial Ratios
- Appendix 2.3 New Tech (E): Key Assumptions
- Bibliography
- 3. Alternatives in Venture Financing: Early-Stage Equity Capital
- 4. Determining the Amount Needed: The Business Plan
-
5. Valuation: Survey of Methods
- Introduction: Valuation Methodologies
- Asset-Based Valuation
- Market Multiples
- Case 5.1 (A) Woodridge Corporation
- Case 5.2 (B) Superior Plumbing Supply
- Capitalization Rates
- Excess Earnings Approach
- Case 5.3 The Fairweather Company
- Free Cash Flow Valuation
- Case 5.4 (B) Woodridge Corporation: Illustrating the Free Cash Flow Model
- Summary
- Discussion Questions
- Case 5.5 New Tech (I): What Is the Company Worth?
- Appendix 5.1 Review of Ratio Analysis
- Summary
- Bibliography
- 6. Venture Capital
- 7. Exit Strategies
- 8. Anatomy of a Venture Funding
- 9. Franchising
- 10. Internal Financial Management
- 11. Essentials of Risk Management
-
12. Opportunities to Do Business and Raise Capital Globally
- The Global Mind-Set
- Basic Considerations
- A Few Words About Communications
- Finding and Working with International Partners
- Sources of Information and Assistance
- Testing the Market
- Raising Equity Capital from International Sources
- Valuation and Monitoring
- Exit Strategies
- Regional Considerations
- Summary
- Discussion Questions
- Bibliography
Product information
- Title: Raising Entrepreneurial Capital, 2nd Edition
- Author(s):
- Release date: January 2013
- Publisher(s): Elsevier
- ISBN: 9780124017283
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