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