You Make the Call-Situation 4

question 77

Essay

You Make the Call-Situation 4
Growth prospects have never been brighter for this 22-year-old manufacturer of custom-designed skylights, which has grown to more than $2 million in annual sales by letting light into homes, museums, symphony halls, upscale commercial buildings, and more. The California company ended last year with its strongest sales quarter since its current owners bought the business in 1995. Some 60 percent of its revenues come from jobs within California, where construction has remained steady throughout the economic downturn. Furthermore, the energy crisis has driven up demand for skylights, which pay for themselves in energy savings.
The manufacturer's state-of-the-art products also protect furniture and carpeting against fading from sunlight. The owners of the business are selling because they intend to move overseas. Their 22 staffers, including two installation crews and four sales and marketing professionals, appear willing to stay and help a new owner "illuminate" a variety of new growth opportunities.
The asking price is $675,000, with 60 percent down. The owners will consider financing a portion of the deal.
(Source: Based on Jill Andresky Frazer, "A Blue-Sky Deal," Inc., Vol. 24, No. 7(July 2002), p. 40.)

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Definitions:

Genetic Basis

The role genes play in determining particular characteristics or traits, including physical appearance, behavior, and susceptibility to diseases.

Dizygotic

Referring to fraternal twins that develop from two different eggs fertilized by two different sperm, resulting in siblings that are genetically unique.

Personal Fable

The belief held by adolescents that they are unique and invulnerable, leading to risk-taking and a sense of personal uniqueness.

Cautious

Characterized by careful forethought to avoid risk or the potential consequences of an action.