Small Business and Entrepreneurial Finance

Small businesses are the backbone of the economic system. To provide a clear understanding to the reader, this first edition of small business entrepreneurial finance is divided into four major sections. The entrepreneurial outlook; introduces the entrepreneur and the entrepreneurial process from both a historical and a research perspective. The role and nature of entrepreneurship as a mechanism for creating new ventures affecting economic development is presented. The characteristics and background and types of entrepreneurs are discussed. Starting the business venture; focuses on the elements in the entrepreneurial process that are a part of creating a new venture. After a discussion of creating and obtaining the right business area, important aspects of the business plan and financial planning process. The most difficult aspects of creating and establishing a new venture is discussed. Financing the business venture; after discussion of the alternative sources of capital, specific attention is given to two primary financing mechanisms: informal risk capital and venture capital. Ending the business venture presents material related to business valuation.

Autorentext

Emelda M. Lilian is a Lecturer in Entrepreneurial Finance, College of Business and Economics, Eritrea. She has blended her wide experience of 17 years in teaching, research and entrepreneurial venture to focus attention on issues in a lucid as well as an authoritative manner. She completed her Master s in Business Administration