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Butler Lumber Company (Historical Timeline (1991 (Sales projection: $3.6…
Butler Lumber Company
Historical Timeline
1979
Butler built house that cost $72000
1981
Henry Stark and Butler founded Butler Lumber Company
1988
Butler bought out Stark's interest
End of 1988
Total liabilities and net worth of the company amounted to $594
1989
Total liabilities and net worth of the company amounted to $736
1990
Total liabilities and net worth of the company amounted to $933
1991
Sales projection: $3.6 million
First Quarter: Total liabilities & net worth of company amounted to $1094
Butler's traits
Conservative
Efficient
Has personal control
Great judgment
willingness to work hard
good personality
Butler's wealth
Owns lumber business
House costing $72000
$70000 life insurance policy
no sizeable personal investments
Challenges
Economic downturn
Lack of sufficient capital
Accumulated debt
anticipated long-term competition
Strengths
high proportion of repair business
able leadership
Strong brand image
Robust organizational culture
Key personalities
Mark Butler
Sole owner & president of the company
George Dodge
Officer of Northrop National Bank
Henry Stark
Co-founder of Butler Lumber Company
Key Entities
Suburban National Bank
Butler Lumber Company
Barker Company
among Butler's major suppliers