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, northwestward Carolina and took in the aurora over the Outer Banks. Davis had more to prise than his perfect view of the sea and his backyard of pristine sand and zesty water. Davis was, after all, both a celebrity in the piece of sportfishing and a roaring telephone circuitman. He had devoted his total adult life to make the most sea valuey and recognizable sportfishing boats in the world; enduring recessions, punishing highlife taxes, evolutions in technology and pecuniary crisis. Now, in blemish of 1999, he could take comfort in the fact that he had built 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 morni ng were not on his successes, but on the approaching of his 26-year-old manufacturing company. The popularity of his boats had created a surge in form that outstripped his companys current capacity. Davis Boatworks desperately indispensable an infusion of capital to string out the business and to streamline operations.

Additionally, Davis k impertinent that the time was even out to diversify his win worth. Apart from $200,000 in liquid investments and $2.3 billion worth of commercial and residential real estate holdings, to the highest degree all of his net worth was tied up in the equity of Davis Boa tworks. As the sun peeked above the horizon! , 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 exuberant chips off the table to ensure his personal financial circumstance? Could he raise enough currency to expand the business and to provide his company with sufficient operative capital to inhabit to grow? Perhaps most importantly, Davis wondered how a lot gold would be...If you want to get a full essay, rig it on our website: BestEssayCheap.com

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