This author participates in the Readers' Favorite Free Book Program, which is open to all readers and is completely free. The author will provide you with a free copy of their book in exchange for an honest review. You and the author will discuss what sites you will post your review to and what kind of copy of the book you would like to receive (eBook, PDF, Word, paperback, etc.). To begin, click the purple email icon to send this author a private email.
This author participates in the Readers' Favorite Book Review Exchange Program, which is open to all authors and is completely free. Simply put, you agree to provide an honest review an author's book in exchange for the author doing the same for you. What sites your reviews are posted on (B&N, Amazon, etc.) and whether you send digital (eBook, PDF, Word, etc.) or hard copies of your books to each other for review is up to you. To begin, click the purple email icon to send this author a private email, and be sure to describe your book or include a link to your Readers' Favorite review page or Amazon page.
This author participates in the Readers' Favorite Book Donation Program, which was created to help nonprofit and charitable organizations (schools, libraries, convalescent homes, soldier donation programs, etc.) by providing them with free books and to help authors garner more exposure for their work. This author is willing to donate free copies of their book in exchange for reviews (if circumstances allow) and the knowledge that their book is being read and enjoyed. To begin, click the purple email icon to send this author a private email. Be sure to tell the author who you are, what organization you are with, how many books you need, how they will be used, and the number of reviews, if any, you would be able to provide.
Reviewed by Randy B. Lichtman for Readers' Favorite
For anyone looking to start a business, improve their current business, or scale their business, Finance Secrets of Billion Dollar Entrepreneurs: Venture Finance without Venture Capital by Dileep Rao, Ph.D. is an excellent book that brings together academic research and use of principles by successful entrepreneurs into a practical framework for business finance. Based on interviews with 30 billion- and hundred-million-dollar entrepreneurs, Dr. Rao found the majority of those he interviewed were successful and retained control of their companies by avoiding or delaying venture capital (VC) in financing their ventures. In addition, he conducted research on 80 additional billion-dollar entrepreneurs. He found that 90% of those entrepreneurs finance their ventures without VC, and 80% never use VC at all. He encapsulates lessons learned from his research in this book, which provides strategies for business owners to become “finance smart.”
Finance Secrets of Billion Dollar Entrepreneurs is an excellent mix of theory and application as each of the principles Dr. Rao introduces has been utilized by the entrepreneurs contained in his research. The entrepreneurs featured in his study include the founders of Best Buy (Richard Schulze), Capella Education Company (Steve Shank), Medtronic (Earl Bakken), Great Clips (Ray Barton), Fastenal (Robert Kierlin), United HealthGroup (Richard Burke), and many others who have proven that sound financial management principles, when carefully chosen, can bring great success to a business. Since a start-up possesses little history on which to base projections, Dr. Rao provides valuable information on how to choose the correct method of financing based on the stage of development, as well as alternative financial instruments other than venture capital. It also offers lessons on developing the right capital structure for the business, as well as the importance of preserving and utilizing cash flow to survive and thrive. Dr. Rao’s experience as a serial entrepreneur, an investor, and a Clinical Professor of Entrepreneurship, support the sound principles presented. This book provides valuable information on financial strategies for entrepreneurs, supported by extensive primary and secondary research, and conveyed in an effective and compelling manner. Highly recommended.