Fallacies Versus Realities in Financial Planning and Management Among Entrepreneurs: Lessons from the Trenches

Authors

  • Paul Dunn University of Louisiana at Monroe
  • Chyi-lyi (Kathleen) Liang University of Vermont

Abstract

This paper summarizes fallacious thinking about financial planning and management among entrepreneurs and small business owners. This thinking often continues from start-up through initial liquidity and beyond and creates problems for the venture.  These problems can usually be avoided with an  understanding of  the realities associated with fallacious thinking and following  some fairly simple  "rules" enunciated by the authors.

 

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References

Adelman, P. J., & Marks, A.M. (2000). Entrepreneurial finance: Finance for small business, (2"' Ed). Upper Saddle River, NJ: Prentice Hall.

Brigham, E. F., & Houston, J. F. (1999). Fundamentals of financial management. Fon Wonh: The Dryden Press.

Emery, G. W. (1998). Corporate finance principles and practice. Reading, Massachusetts: Addison-Wesley.

Keown, A. P., Manin, J. D., Petty, J. W., & Scott, Jr., D. F. (2002). Financial management: Principles and applications, (9th Ed). Upper Saddle River, NJ: Prentice Hall.

Kuratko, D. F., & Hodgetts, R. M. ( 1 995). Entrepreneurship, (3"' Ed). Orlando, Florida: The Dryden Press.

Lewellen, W. G., Halloran, J. A., & Lanser, H. P. (2000). Financial management. USA: South-Western College Publishing.

Published

2002-06-23

How to Cite

Dunn, P., & Liang, C.- lyi (Kathleen). (2002). Fallacies Versus Realities in Financial Planning and Management Among Entrepreneurs: Lessons from the Trenches. Journal of Small Business Strategy, 13(1), 95-104. Retrieved from https://libjournals.mtsu.edu/index.php/jsbs/article/view/497

Issue

Section

Small Business Brief