Kap8primerentrepreneuruka

Kap8primerentrepreneuruka - AprimerinEntrepreneurship...

Info iconThis preview shows pages 1–7. Sign up to view the full content.

View Full Document Right Arrow Icon
A primer in Entrepreneurship Prof. Dr. Ulrich Kaiser stitute r trategy d usiness Economics Institute for Strategy and Business Economics University of Zurich Spring semester 2008
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Chapter 8: Assessing the Financial Strength and Viability of New Ventures Table of contents I. Introduction to Financial Management A. Financial Objectives of a Firm B. The Process of Financial Management II. Financial Statements and Forecasts A. Historical Financial Statements B. Forecasts III. Pro Forma Financial Statements A. Pro Forma Income Statement B. Pro Forma Balance Sheet ro Forma Statement of Cash Flo s C. Pro Forma Statement of Cash Flows D. Ratio Analysis
Background image of page 2
I. Introduction to Financial Management 1. Financial management deals with two things: raising money and managing a company’s finances in a way that achieves the highest rate of return. 2. We cover the process of raising money in Chapter 10. This chapter cuses on how a company manages its finances in an effort to increase its focuses on how a company manages its finances in an effort to increase its financial strength and earn the highest rate or return. University of Zurich ISU – Institute for Strategy and Business Economics Ulrich Kaiser A primer in Entrepreneurship Spring semester 2008 3
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
I. Introduction to Financial Management 3. The financial management of a firm deals with questions, such as the following, on an ongoing basis: ow much cash do we have on hand? ± How much cash do we have on hand? ± Do we have enough cash to meet our short term obligations? ± How efficiently are we utilizing our assets? ± How do our growth and net profits compare to those of our industry peers? ± Where will the funds we need for capital improvements come from? ± Are there ways we can partner with other firms to share risk and reduce the amount of cash we need? ± Overall, are we in good shape financially? , g p y 4. A properly managed firm stays on top of these questions through the ols and techniques that are discussed in this chapter tools and techniques that are discussed in this chapter. University of Zurich ISU – Institute for Strategy and Business Economics Ulrich Kaiser A primer in Entrepreneurship Spring semester 2008 4
Background image of page 4
I. Introduction to Financial Management A. Financial Objectives of a Firm rimary Financial Objectives of Entrepreneurial Firms Primary Financial Objectives of Entrepreneurial Firms University of Zurich ISU – Institute for Strategy and Business Economics Ulrich Kaiser A primer in Entrepreneurship Spring semester 2008 5
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
I. Introduction to Financial Management A. Financial Objectives of a Firm Profitability: ability to earn a profit ± Many start ups are not profitable during their first one to three years while they are training employees and building their brands. y g py g ± However, a firm must become profitable to remain viable and provide a return to its owners.
Background image of page 6
Image of page 7
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 43

Kap8primerentrepreneuruka - AprimerinEntrepreneurship...

This preview shows document pages 1 - 7. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online