Organization should ann choose when she creates the business

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Reference no: EM132292333

Ann’s New Center

Ann is considering opening a new child care and education center. She has access to just enough funding to obtain a facility, make the necessary renovations, and purchase some equipment. She doesn’t have much collateral, and she is not interested in teaming up with a partner to create the business. She figures that she will need a little extra capital to cover the costs of licensing, work permits, additional equipment, and initial staff salaries. She does not expect to see a profit in the first few years of operation. Her long-term goal is to create a successful model that she can franchise out into centers all over the state.

Which type of organization should Ann choose when she creates the business? Why?

Would Ann’s center qualify as a not-for-profit organization? Why or why not?

If her plans succeed as she hopes, what will Ann most likely do when she franchises the business?

What advice do you have for Ann as the begins this new venture?

If you had the same funding as Ann, how would you approach opening a new program? (Remember, you have the same funding, not necessarily the same ideas and/or future goals.)

Reference no: EM132292333

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