Assignment:
Read the following situation then answer the questions as part of well written essay (250 to 500 words). Include sources and citations where appropriate and a reference list at the end of your essay. Adhere to all APA 6th ed. rules.
David Bernstein needs help financing his Lodi, New Jersey-based Access Direct, Inc., a six-year-old $3.5 million company. "We're ready to get to the next level," says Bernstein, " but we're not sure which way to go." Access Direct spruces up and then sells used computer equipment for corporations. It is looking for up to $2 million in order to expand. "Venture capitalists, individual investors, or banks," says Bernstein, who owns the company with four partners, "we've thought about them all."
1. What is your impression of Bernstein's perspective on raising capital to "get to the next level"?
2. What advice would you offer Bernstein as to both appropriate and inappropriate sources of financing in his situation?