tailieunhanh - Lecture Entrepreneurial finance - Chapter 6: Financial planning - Short term and long term

This chapter objectives: Construct a cash budget, describe how projected statements of cash flow relate to cash budgets, explain why projected statements of cash flow are important to the entrepreneur, understand the concept of a sustainable sales growth,. | Chapter 6 FINANCIAL PLANNING: SHORT TERM AND LONG TERM 1 © 2012 South-Western Cengage Learning ENTREPRENEURIAL FINANCE Leach & Melicher CHAPTER 6: Learning Objectives Construct a cash budget Describe how projected statements of cash flow relate to cash budgets Explain why projected statements of cash flow are important to the entrepreneur Understand the concept of a sustainable sales growth Understand the process of identifying the quantity and timing of additional funds needed to support the venture’s sales forecasts Connect sales growth rates to the amount and timing of additional funds needed Describe the percent-of-sales method for preparing financial plans 2 3 Venture Life Cycle: Operating And Financial Decisions Development Stage: Screen Business Ideas Prepare Business Plan Obtain Seed Financing Startup Stage: Choose Organizational Form Prepare Initial Financial Statements Obtain First Round Financing 4 Venture Life Cycle: Operating And Financial Decisions Survival Stage: . | Chapter 6 FINANCIAL PLANNING: SHORT TERM AND LONG TERM 1 © 2012 South-Western Cengage Learning ENTREPRENEURIAL FINANCE Leach & Melicher CHAPTER 6: Learning Objectives Construct a cash budget Describe how projected statements of cash flow relate to cash budgets Explain why projected statements of cash flow are important to the entrepreneur Understand the concept of a sustainable sales growth Understand the process of identifying the quantity and timing of additional funds needed to support the venture’s sales forecasts Connect sales growth rates to the amount and timing of additional funds needed Describe the percent-of-sales method for preparing financial plans 2 3 Venture Life Cycle: Operating And Financial Decisions Development Stage: Screen Business Ideas Prepare Business Plan Obtain Seed Financing Startup Stage: Choose Organizational Form Prepare Initial Financial Statements Obtain First Round Financing 4 Venture Life Cycle: Operating And Financial Decisions Survival Stage: Monitor Financial Performance Project Cash Needs Obtain First Round Financing Possible Actions: Liquidate v. Restructure Rapid Growth Stage: Create and Build Value Obtain Additional Financing Examine Exit Opportunities Possible Actions: Go Public v. Sell/Merge 5 Venture Life Cycle: Operating And Financial Decisions Early-Maturity Stage: Manage Ongoing Operations Maintain and Add Value Obtain Seasoned Financing 6 Short-term Cash Planning Tools Sales Schedule Purchase Schedule Wages and Commission Schedule Cash Budget 7 PDC Company Operating & Cash Budget 8 PDC Company Operating & Cash Budget 9 PDC Company Operating & Cash Budget 10 11 Check With Projected Financials As a check on the cash budget, you can get the exact same cash balance by constructing a full set of financial statements. See Exhibits – in the textbook. 12 Forecasting Sales Or Revenues Forecasting for Early Stage Ventures (firms that are in either their development, startup, or survival stage, or just entering into .

• Tài chính doanh nghiệp
• Entrepreneurial finance
• Lecture Entrepreneurial finance
• Tài chính kinh doanh
• Entrepreneurial process
• Entrepreneurship fundamentals
• Financial planning
• Entrepreneurial traits
• Business plan
• Business organization
• Measuring financial performance
• Evaluating financial performance
• Financial capital
• Valuing early stage ventures
• Venture capital valuation methods
• Professional venture capital
• Personal finance
• Working capital management
• Capital budgeting
• Lump sums
• Lecture Entrepreneurship
• Entrepreneurship management
• Technology entrepreneurship
• The entrepreneurial process
• Entrepreneurial marketing
• Entrepreneurial context
• Entrepreneurial growth
• Economic concepts
• Financial management
• Financial statements
• Financing entrepreneurial
• The power of entrepreneurship
• Opportunity recognition
• Business model