ROLE OF ENTREPRENEURIAL FINANCE

 What is entrepreneurial finance?

Ans: Entrepreneurial finance is the application and adaptation of financial
tools, techniques, and principles to the planning, funding, operations, and
valuation of an entrepreneurial venture. It involves the record keeping,
financial planning, monitoring the venture’s use of assets, and arranging for
any necessary financing of venture. Entrepreneurial finance is a the process
of acquiring capital and making financial decisions for a new venture or
startup.

 What are the financial management responsibilities of the financial manager?

 The financial manager is responsible for financial management for both
short term and long term planning/projects.
 He/she is responsible for keeping the venture’s financial records,
preparing its financial statements, and planning for future.
 Alleviating financial distress that comes in the way of the venture. Need
to analyze whether venture needs regrouping/restructuring to mitigate the
distress.