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ENTREPRENEURIAL FINANCE Leach & Melicher
FINANCIAL PLANNING: SHORT TERM AND LONG TERM
Chapter 6
© 2012 South-Western Cengage Learning
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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
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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
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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
ObtainAdditional Financing
Examine Exit Opportunities
Possible Actions: Go Public v. Sell/Merge 5
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