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, wedlock Carolina and took in the aurora over the Outer Banks. Davis had more to hold than his perfect view of the sea and his backyard of pristine sand and unconsecrated water. Davis was, after all, both a celebrity in the serviceman of sportfishing and a roaring avocationman. He had devoted his wide-cut adult life to make the most sea valuey and placeable sportfishing boats in the world; enduring recessions, punishing extravagance taxes, evolutions in technology and pecuniary crisis. Now, in jar against of 1999, he could take comfort in the fact that he had make a company that was as favored in some 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 forthcoming of his 26-year-old manufacturing company. The popularity of his boats had created a surge in select that outstripped his companys current capacity. Davis Boatworks desperately necessary an infusion of capital to set forth the business and to streamline operations.

Additionally, Davis k impertinent that the time was exasperate to diversify his win worth. Apart from $200,000 in liquid investments and $2.3 trillion worth of commercial and residential real estate holdings, more or less all of his net worth was tied up in the equity of Davis Boatworks. As the sun peeked above the hori zon, Davis pondered his options. He needed a! n equity partner, but was diffident as to who he should bring on board. Would a new investor allow him to take affluent chips off the table to ensure his personal financial emplacement? Could he raise enough currency to expand the business and to provide his company with sufficient operative capital to hold on to grow? Perhaps most importantly, Davis wondered how a lot bullion would be...If you want to get a full essay, rig it on our website: BestEssayCheap.com

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