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This book is written for all those with an interest in building successful enterprises, who are prepared to work and invest in them, and who want to create wealth for present and future generations. They include users of capital, like entrepreneurs, owners and managers; providers of capital, such as investors and lenders; stakeholders, like customers, employees, suppliers and the local community; professional advisers like lawyers, accountants and property experts; and in society generally, citizens, educators and students. This is, accordingly, a book for industry and enterprise as much as for finance and the City of London, for Main Street USA as well as Wall Street.

The book is not, however, intended as a practical guide, for reference or otherwise – those wishing to apply the royalty funding approach outlined here should seek suitable advice on such matters as law, taxation and property. Nor is this an academic work: rather than extending the frontiers of knowledge, it draws much from the research of others.

While the primary focus of the book is on Britain, there is considerable reference to other countries and their systems. The problems the book describes are also relevant in other major market economies such as those in the USA and Europe, in developing countries, and in countries in transition to market economies. Consequently the approach to solving these problems should in principle be as valid there as it is in Britain, subject to local laws and conventions.