Don't know anything about the Farrell's. Please start here:

https://doyouremember.com/99813/farrells-ice-cream-parlour-closed

https://scribol.com/s/reason-last-farrells-ice-cream-parlours-shut-up-shop-for-good?as=799&utm_source=Organic&bdk=0

1. What is Farrell's Ice Cream Parlour and who is its owner, Marcus Lemonis. Also provide an overview of the business, provide a brief overview of his accomplishments, and explain why he is an ideal example to use when discussing production costs. 2. Explain how production costs were calculated incorrectly and how this led to the business's eventual closure. Additionally, discuss how the mismanagement of production costs can cause a business to shut down. 3. How production costs can hurt a business, and provide an example of how Farrell's Ice l[Dream Parlor closed due to mismanaging production costs. Also provide a few takeaways that the audience can use to ensure their own businesses are calculating production costs correctly. Farrell's Ice Cream Parlour Marcus Lemonis is a successful entrepreneur worth $890 million. He has a bachelor's degree in political science and a minor in criminology from Marquette University. He is the star of a CNBC show, The Prot. In the show. Lemonis invests his very own money for part ownership in the businesses and provides them tools to make them protable. One of the businesses that he invested in unsuccessfully was Farrell's ice Cream Parlour. He has over two dozen businesses under his umbrella corporation and has invested in more than 100 businesses. A fun fact about him is that only sleeps 40 hours a week