Cengage/Higher Education/Corporate Finance/Entrepreneurial Finance
Return to search
Entrepreneurial Finance book cover
Student viewInstructor view
New

Entrepreneurial Finance

By J. Chris Leach, Ronald W. Melicher, Shaun William Davies

8th Edition © 2027
Discipline:Finance
Course:Corporate Finance
Starting from$76.99
See pricing details and explore formats

Get your course materials

Cengage Unlimited

Get day-one access to course content, AI-powered support, and resources to build college and career-ready skills.

Manage Subscription

eBook

Get instant access to your course content on the device of your choice, with built-in tools like highlighting, bookmarking, and search.

Paperback

Buy or Rent the textbook

Get a new, printed copy of your textbook, ready for notes and highlighting. Plus, free shipping and returns on orders. *See terms and conditions.

Added to cart.
Something went wrong. Please try again.

Questions about this product?

Get help with product, platform or format questions.

Let’s connect
Explore instructor resources

About your course materials

Guide students through the complete life cycle of the firm with Leach/Melicher/Davies’ "Entrepreneurial Finance," 8th Edition. The text provides theories, knowledge and finance tools needed to start, grow and harvest successful ventures. Students learn how to secure financing, build business cash flow models and strategically position early-stage companies. Coverage of AI, post-COVID challenges and opportunities, updated securities law and governance issues are included, integrating content on personal finance to highlight how founders transition from operators to long-term investors. Capstone and mini-cases, such as the new TermScout AI-powered startup case, reinforce application of concepts like valuation, fundraising, ethics and exit strategies. The print or full-color eBook equips instructors with updated, relevant content to prepare students for entrepreneurial finance in practice.

Related study tools

eTextbook: Entrepreneurial Finance cover
Higher Education
New

eTextbook: Entrepreneurial Finance

eBooks give your students instant access on the device of their choice. Easily integrate eBooks into your LMS, keeping your students organized by putting all their course materials in one place.

ISBN-13:9798214057187Copied!
$76.99
Add to cart

Frequently asked questions

How do I enroll in or join my course?

Your instructor will tell you how to access your course. You may join through your school’s LMS, a course link or a course key. If you’re unsure which method to use, check with your instructor.

How do I redeem an access code, or what if my code isn't working?

Sign in to your Cengage account and select Enter Access Code or Course Key, then enter your access code and select Register. If your code is damaged, missing or still doesn't work, contact Cengage Support.

Why can't I access my course?

How you access your course depends on how your instructor set it up. Start from your LMS, course link or course key. If you've purchased access but still can't open the course, Cengage Help can help you troubleshoot your access.

Where can I find my eBook or textbook?

You can access available eBooks from your Cengage student dashboard or from your Cengage course. If your class uses an LMS, your instructor may also provide access there.

What if I don't have access to my course materials yet?

Temporary access may be available for some Cengage courses. If offered, you can use your course during the grace period and purchase or register your access code before it ends. Options for expired access vary by product.

AboutTable of contentsResourcesPricing & formatsRelated products

About this product

Guide students through the complete life cycle of the firm with Leach/Melicher/Davies’ "Entrepreneurial Finance," 8th Edition. The text provides theories, knowledge and finance tools needed to start, grow and harvest successful ventures. Students learn how to secure financing, build business cash flow models and strategically position early-stage companies. Coverage of AI, post-COVID challenges and opportunities, updated securities law and governance issues are included, integrating content on personal finance to highlight how founders transition from operators to long-term investors. Capstone and mini-cases, such as the new TermScout AI-powered startup case, reinforce application of concepts like valuation, fundraising, ethics and exit strategies. The print or full-color eBook equips instructors with updated, relevant content to prepare students for entrepreneurial finance in practice.

Mini-Cases & Exercises: Updated scenarios, data-driven tasks and italicized guidance help reinforce learning and let students assess their understanding.

From the Headlines features: Contemporary mini-articles spotlight new ventures and real entrepreneurial finance decisions.

Table of contents

Chapters

Cover Page
Title Page
Copyright Page
Dedication
Preface
Acknowledgments
About the Authors
Part 1. The Entrepreneurial Environment
Part 2. Organizing and Operating the Venture
Part 3. Planning for the Future
Part 4. Creating and Recognizing Venture Value
Part 5. Structuring Financing for the Growing Venture
Part 6. Exit and Turnaround Strategies
Part 7. Capstone Case
Show more

Part 1. The Entrepreneurial Environment

Chapter 1. Introduction to Finance for Entrepreneurs
Preview this section ↗
1.1. The Entrepreneurial Process ↗
1.2. Entrepreneurship Fundamentals ↗
Who Is an Entrepreneur? ↗
Basic Definitions ↗
Entrepreneurial Traits or Characteristics ↗
Opportunities Exist but Not Without Risks ↗
1.3. Sources of Entrepreneurial Opportunities ↗
Societal Changes ↗
Demographic Changes ↗
Technological Changes ↗
Emerging Economies and Global Changes ↗
Crises and “Bubbles” ↗
Disruptive Innovation ↗
1.4. Principles of Entrepreneurial Finance ↗
Real, Human, and Financial Capital Must Be Rented From Owners (Principle #1) ↗
Risk and Expected Reward Go Hand in Hand (Principle #2) ↗
While Accounting Is the Language of Business, Cash Is the Currency (Principle #3) ↗
New Venture Financing Involves Search, Negotiation, and Privacy (Principle #4) ↗
A Venture’s Financial Objective Is to Increase Value (Principle #5) ↗
It Is Dangerous to Assume That People Act Against Their Own Self-Interests (Principle #6) ↗
Venture Character and Reputation Can Be Assets or Liabilities (Principle #7) ↗
1.5. Role of Entrepreneurial Finance ↗
1.6. The Successful Venture Life Cycle ↗
Development Stage ↗
Startup Stage ↗
Survival Stage ↗
Rapid-Growth Stage ↗
Early-Maturity Stage ↗
Life Cycle Stages and the Entrepreneurial Process ↗
1.7. Financing Through the Venture Life Cycle ↗
Seed Financing ↗
Startup Financing ↗
First-Round Financing ↗
Second-Round Financing ↗
Mezzanine Financing ↗
Liquidity-Stage Financing ↗
Seasoned Financing ↗
1.8. Life Cycle Approach for Teaching Entrepreneurial Finance ↗
Summary ↗
Key Terms ↗
Discussion Questions ↗
Internet Activities ↗
Exercises/Problems ↗
Supplemental Exercises/Problems ↗
Chapter 2. Developing the Business Idea
2.1. Process for Identifying Business Opportunities
2.2. To Be Successful, You Must Have a Sound Business Model
Component 1: The Business Model Must Generate Revenues
Component 2: The Business Model Must Make Profits
Component 3: The Business Model Must Produce Free Cash Flows
2.3. Learn from the Best Practices of Successful Entrepreneurial Ventures
Best Marketing Practices
Best Financial Practices
Best Management Practices
Best Production or Operations Practices Are Also Important
2.4. Time-to-Market and Other Timing Implications
2.5. Initial “Litmus Test” for Evaluating the Business Feasibility of an Idea
2.6. Screening Venture Opportunities
An Interview with the Founder (Entrepreneur) and Management Team: Qualitative Screening
Scoring a Prospective New Venture: Quantitative Screening
Industry/Market Considerations
Pricing/Profitability Considerations
Financial/Harvest Considerations
Management Team Considerations
Opportunity Screening Caveats
2.7. Key Elements of a Business Plan
Cover Page, Confidentiality Statement, and Table of Contents
Executive Summary
Business Description
Marketing Plan and Strategy
Operations and Support
Management Team
Financial Plans and Projections
Risks and Opportunities
Business Plan Appendix
Summary
Key Terms
Discussion Questions
Internet Activities
Exercises/Problems
Supplemental Exercises/Problems
Appendix A. Applying the VOS Indicator™: An Example

Resources

Instructor resources for this title can include manuals, test banks, educator guides, multimedia and companion sites. Sign in to see what is available.

Instructor manuals
Test banks
Educator guides
Multimedia
Companion sites
Sign in to view & download

Pricing and formats

Learning Platforms
eBook
Paperback
Bundle

Give students more with Cengage Unlimited

Choose the Cengage content and Learning Platform that fit your course while giving students access to Cengage Learning Platforms and our entire eBook library with one subscription.

4-12 month student access

$169.99 – $244.99

eBook

Give students digital access to textbook content with tools to highlight, bookmark and search as they read.

6 months

ISBN-13: 9798214057187
$76.99

12 months

ISBN-13: 9798214057187
$105.99
Sign in to view & adopt this title

Paperback

Purchase

ISBN-13: 9798214057149
$339.95
Sign in to view & adopt this title

Related products

Corporate Finance: A Focused Approach: A Focused Approach book cover
Higher Education
New

Corporate Finance: A Focused Approach: A Focused Approach

Michael C. Ehrhardt, Eugene F. Brigham, Michael B. McDonald
9th Edition © 2028
MindTap
Paperback
eBook
Available September 15, 2027
$76.99
View details
Financial Management: Theory & Practice book cover
Higher Education
New

Financial Management: Theory & Practice

Eugene F. Brigham, Michael C. Ehrhardt, Michael B. McDonald
18th Edition © 2028
Hardback
MindTap
eBook
Available September 15, 2027
$76.99
View details
Intermediate Financial Management book cover
Higher Education
New

Intermediate Financial Management

Eugene F. Brigham, Phillip R. Daves
15th Edition © 2027
Hardback
MindTap
eBook
Starting from
$76.99
View details
CFIN book cover
Higher Education
New

CFIN

Scott Besley, Eugene Brigham
8th Edition © 2027
MindTap
Paperback
eBook
Starting from
$76.99
View details
Finance for Executives: Managing for Value Creation book cover
Higher Education

Finance for Executives: Managing for Value Creation

Gabriel Hawawini, Claude Viallet
8th Edition © 2025
Paperback
eBook
Starting from
$69.99
View details
International Financial Management book cover
Higher Education

International Financial Management

Jeff Madura, Chad Zipfel
15th Edition © 2026
MindTap
Paperback
eBook
Starting from
$76.99
View details

This product is provided solely for instructional purposes, and your use of this product is governed by Cengage's Terms of Use. By using this product, you acknowledge your obligation to comply with these terms. View Terms of Use.

Cengage support team
Cengage support team

Still need support?

Get help with course access, registration, purchases or technical issues from Cengage Support.
Contact support
Cengage support team
Cengage support team

Need help?

Connect with us today, and let’s explore how we can support your goals.
Get in touch
Cengage
Higher Education
K–12
Higher Education

Higher Education

Future-focused tools to teach, learn, and build career-ready skills.
Get started

Students

Instructors

Leaders

Librarians

Career and Workforce
Sign In

Higher Education

Student
Instructor
Gale
ELL
Name
Dashboard
Profile
Sign Out
Support

Recent searches

Chemistry
Mindtap Biology
Calculus
Recent query

Suggestions

Calculus230 results
Calculus Early Transcendentals84 results
Calculus Concepts37 results
Suggestion0 results

Matching products

2 results
Abstract navy to teal gradient placeholder
TAGTAGTAG
9th Edition•© 2021

Calculus: Early Transcendentals

James Stewart, Daniel K. Clegg and Saleem Watson

Abstract navy to teal gradient placeholder
TAGTAGTAG
9th Edition•© 2021

Calculus

James Stewart, Daniel K. Clegg and Saleem Watson

TAG
Edition

Product title

Authors
No matching products. Press Enter to search the full catalog.
Product suggestions are unavailable right now. Press Enter to search the full catalog.
Searching…
Sign In

Higher Education

Student
Instructor
Gale
ELL
Name
Dashboard
Profile
Sign Out
Your basket (3)
eTextbook: Calculus | 12th Edition
eTextbook Access: 360 days
$76.99
Cengage Unlimited - Full - Multi-Term Access (12 months)
Digital Access: 365 days
$124.99
Introduction to Physical Anthropology | 15th Edition
Textbook
$124.99
This is some text inside of a div block.
This is some text inside of a div block.
This is some text inside of a div block.
Your basket is empty.
We couldn’t load your basket. Please try again.
Loading your basket…
Total:
$201.98
I’m ready to checkout
Get Support
US
Change Country
Students

Students

See Overview

Access & Use Products

Access Instructions
Help Center

Get Help

Instructors

Instructors

See Overview

Products

Disciplines
Learning Platforms
Cengage Unlimited

Access & Use Products

Instructor Support
Course Setup
Training
Help Center

Get help

Leaders & Admins

Leaders & Admins

See Overview

Programs

Cengage Unlimited
Gale

Access & Use Products

LMS Integration

Resources

Published Research
Help Center

Get help

Librarians

Librarians

See Overview

Products

Databases
Primary Sources
Digital Humanities Tools
eLearning

Access & Use Products

Discovery Services
Gale Support
Gale Support

Get Support

Find Your Local Cengage Site

Select country
🇦🇫
Afghanistan
🇦🇱
Albania
🇩🇿
Algeria
🇦🇩
Andorra
🇦🇴
Angola
🇦🇮
Anguilla
🇦🇬
Antigua and Barbuda
🇦🇷
Argentina
🇦🇲
Armenia
🇦🇼
Aruba
🇦🇺
Australia
🇦🇹
Austria
🇦🇿
Azerbaijan
🇧🇸
Bahamas
🇧🇭
Bahrain
🇧🇩
Bangladesh
🇧🇧
Barbados
🇧🇾
Belarus
🇧🇪
Belgium
🇧🇿
Belize
🇧🇯
Benin
🇧🇲
Bermuda
🇧🇹
Bhutan
🇧🇴
Bolivia
🇧🇦
Bosnia and Herzegovina
🇧🇼
Botswana
🇧🇷
Brazil
🇻🇬
British Virgin Islands
🇧🇳
Brunei
🇧🇬
Bulgaria
🇧🇫
Burkina Faso
🇧🇮
Burundi
🇰🇭
Cambodia
🇨🇲
Cameroon
🇨🇦
Canada
🇨🇻
Cape Verde
🇰🇾
Cayman Islands
🇨🇫
Central African Republic
🇹🇩
Chad
🇨🇱
Chile
🇨🇳
China
🇨🇴
Colombia
🇰🇲
Comoros
🇨🇰
Cook Islands
🇨🇷
Costa Rica
🇨🇮
Côte d'Ivoire
🇭🇷
Croatia
🇨🇺
Cuba
🇨🇾
Cyprus
🇨🇿
Czech Republic
🇨🇩
Democratic Republic of the Congo
🇩🇰
Denmark
🇩🇯
Djibouti
🇩🇲
Dominica
🇩🇴
Dominican Republic
🇪🇨
Ecuador
🇪🇬
Egypt
🇸🇻
El Salvador
🇬🇶
Equatorial Guinea
🇪🇷
Eritrea
🇪🇪
Estonia
🇸🇿
Eswatini
🇪🇹
Ethiopia
🇫🇰
Falkland Islands (Malvinas)
🇫🇴
Faroe Islands
🇫🇯
Fiji
🇫🇮
Finland
🇫🇷
France
🇬🇫
French Guiana
🇬🇪
Georgia
🇩🇪
Germany
🇬🇭
Ghana
🇬🇮
Gibraltar
🇬🇷
Greece
🇬🇱
Greenland
🇬🇩
Grenada
🇬🇵
Guadeloupe
🇬🇺
Guam
🇬🇹
Guatemala
🇬🇳
Guinea
🇬🇼
Guinea-Bissau
🇬🇾
Guyana
🇭🇹
Haiti
🇭🇳
Honduras
🇭🇰
Hong Kong
🇭🇺
Hungary
🇮🇸
Iceland
🇮🇳
India
🇮🇩
Indonesia
🇮🇷
Iran
🇮🇶
Iraq
🇮🇪
Ireland
🇮🇱
Israel
🇮🇹
Italy
🇯🇲
Jamaica
🇯🇵
Japan
🇯🇴
Jordan
🇰🇿
Kazakhstan
🇰🇪
Kenya
🇰🇮
Kiribati
🇰🇼
Kuwait
🇰🇬
Kyrgyzstan
🇱🇦
Laos
🇱🇻
Latvia
🇱🇧
Lebanon
🇱🇸
Lesotho
🇱🇷
Liberia
🇱🇮
Liechtenstein
🇱🇹
Lithuania
🇱🇺
Luxembourg
🇲🇴
Macau
🇲🇬
Madagascar
🇲🇼
Malawi
🇲🇾
Malaysia
🇲🇻
Maldives
🇲🇱
Mali
🇲🇹
Malta
🇲🇭
Marshall Islands
🇲🇶
Martinique
🇲🇷
Mauritania
🇲🇺
Mauritius
🇲🇽
Mexico
🇲🇩
Moldova
🇲🇨
Monaco
🇲🇳
Mongolia
🇲🇪
Montenegro
🇲🇸
Montserrat
🇲🇦
Morocco
🇲🇿
Mozambique
🇲🇲
Myanmar
🇳🇦
Namibia
🇳🇷
Nauru
🇳🇵
Nepal
🇳🇱
Netherlands
🇳🇿
New Zealand
🇳🇮
Nicaragua
🇳🇪
Niger
🇳🇬
Nigeria
🇳🇺
Niue
🇰🇵
North Korea
🇲🇰
North Macedonia
🇳🇴
Norway
🇴🇲
Oman
🇵🇰
Pakistan
🇵🇼
Palau
🇵🇸
Palestine
🇵🇦
Panama
🇵🇬
Papua New Guinea
🇵🇾
Paraguay
🇨🇬
People's Republic of Congo
🇵🇪
Peru
🇵🇭
Philippines
🇵🇱
Poland
🇵🇹
Portugal
🇵🇷
Puerto Rico
🇶🇦
Qatar
🇷🇴
Romania
🇷🇺
Russia
🇷🇼
Rwanda
🇼🇸
Samoa
🇸🇲
San Marino
🇸🇹
Sao Tome and Principe
🇸🇦
Saudi Arabia
🇸🇳
Senegal
🇷🇸
Serbia
🇸🇨
Seychelles
🇸🇱
Sierra Leone
🇸🇬
Singapore
🇸🇰
Slovakia
🇸🇮
Slovenia
🇸🇧
Solomon Islands
🇸🇴
Somalia
🇿🇦
South Africa
🇰🇷
South Korea
🇪🇸
Spain
🇱🇰
Sri Lanka
🇰🇳
St. Kitts and Nevis
🇱🇨
St. Lucia
🇵🇲
St. Pierre and Miquelon
🇻🇨
St. Vincent & The Grenadines
🇸🇩
Sudan
🇸🇷
Suriname
🇸🇯
Svalbard and Jan Mayen Islands
🇸🇪
Sweden
🇨🇭
Switzerland
🇸🇾
Syria
🇹🇼
Taiwan
🇹🇯
Tajikistan
🇹🇿
Tanzania
🇹🇭
Thailand
🇹🇱
Timor-Leste
🇹🇬
Togo
🇹🇰
Tokelau
🇹🇴
Tonga
🇹🇹
Trinidad and Tobago
🇹🇳
Tunisia
🇹🇷
Turkey
🇹🇲
Turkmenistan
🇹🇨
Turks and Caicos Islands
🇹🇻
Tuvalu
🇺🇬
Uganda
🇺🇦
Ukraine
🇦🇪
United Arab Emirates
🇬🇧
United Kingdom
🇺🇸
United States
🇺🇾
Uruguay
🇺🇿
Uzbekistan
🇻🇺
Vanuatu
🇻🇦
Vatican
🇻🇪
Venezuela
🇻🇳
Vietnam
🇪🇭
Western Sahara
🇾🇪
Yemen
🇿🇲
Zambia
🇿🇼
Zimbabwe
Cengage

Welcome to Cengage

It looks like you’re visiting from another country. Would you like to visit your local Cengage site instead?

Cengage logo

Support

(800) 354-9706

support.cengage.com

K–12

Higher Education

Career and Workforce

Students

Instructors

Leaders & Admin

Librarians

Company

About

News

Research & Outcomes

Investors

Careers

Content Development Philosophy

Authors/Royalties

Cengage AI

Contact

Contact Us

Support

ServicePlus Ordering

© 2020 Cengage Learning, Inc. and its affiliates

Copyright

Privacy

Piracy

Terms of Use

Accessibility

Compliance & Ethics

Do Not Sell