A practical approach for entrepreneurs and investors Entrepreneurial Finance provides readers with the fundamental knowledge to finance, start, grow, and value new ventures, without the complex finance terms and calculations. This comprehensive yet practical approach incorporates a global perspective that appeals to entrepreneurs, investors, and students with diverse backgrounds, knowledge, and experience. From Facebook to Camera+, Gary Gibbons, Robert D. Hisrich, and Carlos M. DaSilva use real-world examples and their professional experiences to bring concepts to life. This text is one of the most readable books in the market without compromising high quality content and resources.

Financial Projections for the Firm

Financial projections for the firm

Learning Objectives

  • To understand the basic typology of projections
  • To learn to deal with information (or lack of information)
  • To understand revenue and cost relationships
  • To understand seasonality

Case: Desert Divers

Larry Gibbons and his friend Alex Huhn were having dinner and discussing their favorite hobby, scuba diving. Both were local businessmen in Tucson, Arizona. Their discussion centered on the need for a dive shop in Tucson. The Sea of Cortez was only a 6-hour drive from Tucson, and there was a steady supply of enthusiasts who were either already active in the Tucson dive community or interested in receiving the training to become divers. The men were not happy that the dive shop that had historically served the community ...

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