I used to work at a non-franchised cleaners back in the day when I was in high school. After purchasing all the dry cleaner equipment, the organization  was “cash poor.”   In seeking to create a competitive advantage given the organization’s economic circumstances, what options might the company have to achieve a more favorable cash position?

Assume you are the chief executive officer (CEO) of a large technology-intensive hospital in a community of 200,000 people that includes two other smaller community hospitals and a wide range of physicians and other providers working in private practice. Currently, you are paid by Medicare—the federal insurance program for the elderly—for a fixed amount for every admission to your hospital and based on the severity of the patient’s needs. Physicians and other providers in your community are paid fee-for-service. The federal government has just made an offer to your community that it form an accountable care organization (ACO) that could accept a capitated annual payment for each person eligible for Medicare. How would you go about deciding whether to accept that offer? Would you want to lead that ACO or just be a part of it? Why? Would you argue against accepting the federal offer? Why or why not? How might you change the way care currently is organized in your community, given the…

Describe some of the reasons why entrepreneurs and small businesses fail?

Perhaps the ideal source of financing the purchase of an existing business is O the seller of the business O the Small Business Administration O an insurance company a venture capitalist

What information would you need to determine whether a particular business is small according to SBA guidelines?

Why is it important for entrepreneurs to hire an attorney or other professional prior to the establishment of a new business?

Imagine you are considering starting your own retail business. Narrow your business ideas to selling one type of perishable goods (such as a bakery) and one type of non-perishable goods (such as a clothing boutique) and share that decision with the class. Discuss the pros and cons of selling each type of item. Between the perishable items or non-perishable items businesses, which would you choose? Why? share one perishable goods business and one non-perishable goods businessdiscuss pros and consdisclose which business you would pursueexplain why you made the decision that you did

Do you see any conflicts between your desire to be as profitable as possible and your disire to pay employees in living wage?

Is this statement true or false? It is advisable for entrepreneurs to make detailed cost calculations for every product or service they are selling. Through this effort, they can price their products competitively without sacrificing their profit margins.

What makes franchising different from other forms of business? Be specific. Identify and describe at least four of the key terms in franchising.