1.1 THE0ENTREPRENEURIAL0PROCESS
1.2 ENTREPRENEURSHIP0FUNDAMENTALS
A. Who0is0an0Entrepreneur?
B. Basic0Definitions
C. Entrepreneurial0Traits0or0Characteristics
D. Opportunities0Exist0But0Not0Without0Risks
1.3 SOURCES0OF0ENTREPRENEURIAL0OPPORTUNITIES
A. Societal0Changes
B. Demographic0Changes
C. Technological0Changes
D. Emerging0Economies0and0Global0Changes
E. Crises0and0―Bubbles‖
F. Disruptive0Innovation
1
, 1.4 PRINCIPLES0OF0ENTREPRENEURIAL0FINANCE
A. Real,0Human,0and0Financial0Capital0must0be0Rented0from0Owners0(Principle0#1)
B. Risk0and0Expected0Reward0go0Hand0in0Hand0(Principle0#2)
C. While0Accounting0is0the0Language0of0Business,0Cash0is0the0Currency0(Principle0#3)
D. New0Venture0Financing0Involves0Search,0Negotiation,0and0Privacy0(Principle0#4)
E. A0Venture‘s0Financial0Objective0is0to0Increase0Value0(Principle0#5)
F. It0is0Dangerous0to0Assume0that0People0Act0Against0Their0Own0Self-
Interests0(Principle0#6)
G. Venture0Character0and0Reputation0can0be0Assets0or0Liabilities0(Principle0#7)
1.5 ROLE0OF0ENTREPRENEURIAL0FINANCE
1.6 THE0SUCCESSFUL0VENTURE0LIFE0CYCLE
A. Development0Stage
B. Startup0Stage
C. Survival0Stage
D. Rapid-Growth0Stage
E. Early-Maturity0Stage
F. Life0Cycle0Stages0and0the0Entrepreneurial0Process
1.7 FINANCING0THROUGH0THE0VENTURE0LIFE0CYCLE
A. Seed0Financing
B. Startup0Financing
C. First-Round0Financing
D. Second-Round0Financing
E. Mezzanine0Financing
F. Liquidity-Stage0Financing
G. Seasoned0Financing
1.8 LIFE0CYCLE0APPROACH0FOR0TEACHING0ENTREPRENEURIAL0FINANCE0SUMMAR
Y
Entrepreneurship0is0the0process0of0changing0ideas0into0commercial0opportunities0and0creating0value.0 W
hile0there0is0no0prototypical0entrepreneur,0many0are0good0at0recognizing0commercial0opportunities,0te
nd0to0be0optimistic,0and0envision0a0plan0for0the0future.
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