Details 15 innovative financial strategies for those running a small or medium-sized business, covering both traditional and new methods of financing. There are chapters on joint ventures and ESOPs, franchising, international venture financing, management buyouts and workouts.
The book is written as a basic yet quite complete guide to all the different financing options available to a company. It is dated 1994 and is a little outdated, particularly in the sections describing venture capital and other types of start-up financing but the fundamentals are there.As a professional working in corporate finance I found it very useful as a source of quick reference to some less common types of financing and as something I can recommend to my clients to prime them with some knowledge on a subject. I think that owners and managers in existing companies with $1 million in revenue or more will find the book most useful. It will give them some idea about their options and a body of issues to consider when choosing a financing type or discussing the issue with an advisor. If you are looking for a guide to start-up financing this book will give you some information but you can definitely find more comprehensive and up-to-date titles.Finally, I personally expected that E & Y will add their own research to the general topics. However, the book offers little unique information - yet it does it in a well organized and written fashion.
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