ABSTRACT
After reading this chapter, you should be able to:
identify the key steps for financial analysis of entrepreneurial firms;
understand the main tools of financial analysis;
discuss the main components of financial statements;
conduct a comprehensive analysis of an entrepreneurial firm;
differentiate between traditional methods of financial analysis and cash-flow-based approaches;
recognize the divergence between free cash flow and net profit;
use comparative analysis for evaluating the financial performance of entrepreneurial firms.
