Entrepreneurial Finance

If you want to start a business, you have to understand finance. This new, second edition of Entrepreneurial Finance is the go-to guide for students determined to become successful entrepreneurs, and, ultimately, to leave their mark on the business world.

Including an abundance of case studies and practical examples throughout, the second edition of Entrepreneurial Finance is a refreshingly easy-to-grasp introduction to financing a new business, guiding the reader step-by-step through the three key financial statements: profit & loss, balance sheet and cash flow. It explains the various considerations for raising capital, covers term sheets and their pitfalls, and explains how best to use accounting data to create a financially-intelligent business. With increased coverage of funding, company valuations, pitch decks and business plans, this highly-anticipated second edition is the ultimate resource for students determined to succeed both academically and in the business environment.

With the authors’ commercial know-how (garnered through their backgrounds as seasoned entrepreneurs and business angels), as well as their understanding of the academic landscape, this book is the perfect balance of the theory and practice behind entrepreneurial finance. In particular, Simon Hulme’s extensive teaching experience ensures the text is specifically tailored to finance novices and entrepreneurial finance students.

Visually appealing and engagingly written, this book, together with its range of bespoke digital resources, breaks down complex concepts and communicates them with clarity. The ideal resource for university students taking entrepreneurship and business courses, it will also be valuable for entrepreneurs who wish to scale their business, as well as managers seeking to consolidate their understanding of entrepreneurial finance.

Simon Hulme is an award-winning Associate Professor at UCL School of Management, where he has lectured in Entrepreneurial Finance since 2013. He is also Programme Director of the MSc Entrepreneurship programme. Simon is an active Business Angel investor having made around 40 investments. At the age of 24 he started his first business, Frame Express, a chain of fast picture framing shops, which was sold it to a public company in 1989. Simon then co-founded Card Connection with Chris Drew in 1992, a greeting card publisher distributing through over 100 franchisees in the UK and Ireland. The business was one of the ten largest UK greeting publishers and was sold to American Greetings Inc in 2008, and is today a key division of their UK business. Further information can be found on Simon’s website www.simonhulme.co.uk. Teaching awards: Best teacher on MSc Entrepreneurship 2014/15 and 2015/16.

Chris Drew acts as a consultant to start-up and early stage businesses, specialising in the provision of financial modeling services. Prior to this, his career spanned a range of activities from corporate planner in a FTSE 100 company, to finance director of both Frame Express and Card Connection, to managing director of a pioneering financial services company, to designer and licensor of a proprietary investment management model. He is a graduate of Lancaster University, in Management Sciences, and later studied Investment Management at the London Business School.