Small Firm Finance : An Entrepreneurial Perspective

While small businesses share many of the problems of their larger counterparts, in terms of financial management, the smaller firm faces issues uniquely its own.

A first of its kind, Small Firm Finance addresses finance from the small business and entrepreneurial perspective, not from the perspective of the corporate goliaths.

Written by a world-renowned author team, the text introduces students to the essential principles of small business finance, applying general financial theory where applicable as well as focusing on small business specific issues, such as options for sources of capital. Features: * Combining real world application with current trends and issues, a continuous case is integrated with chapter concepts throughout the text.

Focusing on the financials of Dave's Bike Shop, the continuous case enables students to follow and analyze the same firm and its financial issues as text topics progress. * Extremely student friendly, the text presents small firm finance topics and analysis in an easy-to-read format and style. * The text begins with the authors' explaining the unique organization form and objectives of the small firm, establishing the fundamental differences between big business and small business in terms of financial management. * Chapter 5 introduces the process of financial planning and explains the notion of risk. * Small-business working capital policies - the lifeline to small business survival - are discussed in Chapter 6. * Chapter 10 introduces students to business valuation topics, covering the economic basis for valuation, factors influencing value, methods of valuation and steps in the valuation process. * Giving the text a truly global perspective, Chapter 11 'Financial Aspects of International Trade' focuses on the issues involved in conducting business overseas, including such topics as international business risk assessment, foreign exchange markets, hedging, sources of finance, and alternative methods of financing. * Chapter 12 'Finance and the Entrepreneur' goes beyond the surface of business ownership, delving into such real world issues as lifestyles, harvest and succession. The chapter also deals with the small-business options available through franchising and venture capital. * End of chapter assignments employ the use of spreadsheet applications such as Lotus 1-2-3, QuattroPro or Excel. * Each chapter begins with an 'Objectives' checklist and ends with 'Concepts Checks', ensuring better student comprehension of key chapter concepts. * An authority on small firm finance, Dr. Osteryoung is director of Florida State University's Entrepreneurship and Small Business Management program and director of the Jim Moran Institute for Global Entrepreneurship.

He is also president of the Academy of Entrepreneurial and Small Firm Finance. * Packed with practical, real world application for small business owners, Small Firm Finance is ideal for senior level and graduate students as the main text or supplement in finance and entrepreneurship courses, as well as for practising entrepreneurs.