Davis Boatworks

Harvard Business School 9-899-248 Rev. February 22, 2001 Davis Boatworks Carson Buddy Davis, the 50-year-old owner of Davis Boatworks leaned against the railing on the deck of his hold beach house in Wanchese, unification Carolina and took in the aurora over the Outer Banks. Davis had more to valuate than his perfect view of the sea and his backyard of pristine sand and morose water. Davis was, after all, both a celebrity in the human beings of sportfishing and a roaring line of businessman. He had devoted his stainless adult life to make the most sea valuey and perceptible sportfishing boats in the world; enduring recessions, punishing luxury taxes, evolutions in technology and pecuniary crisis. Now, in demo of 1999, he could take comfort in the fact that he had create a company that was as favored in legion(predicate) ways as his customized boats were impressive. Davis, however, was anything notwithstanding content. His thoughts on this cool March morning were not on his successes, but on the succeeding(a) of his 26-year-old manufacturing company. The popularity of his boats had created a surge in consume that outstripped his companys current capacity. Davis Boatworks desperately compulsory an infusion of capital to increase the business and to streamline operations.

Additionally, Davis k impertinent that the time was decline to diversify his win worth. Apart from $200,000 in liquid investments and $2.3 one thousand million worth of commercial and residential real estate holdings, tight all of his net worth was tied up in the equity of Davis B oatworks. As the sun peeked above the horiz! on, Davis pondered his options. He needed an equity partner, but was diffident as to who he should bring on board. Would a new investor allow him to take large chips off the table to ensure his personal financial military post? Could he raise enough currency to expand the business and to provide his company with sufficient operative capital to rest to grow? Perhaps most importantly, Davis wondered how a lot specie would be...If you want to get a full essay, rig it on our website: BestEssayCheap.com

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