There are a lot of reasons business, either cannabis or mainstream, fail. Some of them are due to poor management, not being in a definable niche or just plain dumb luck. And, while these circumstances are frustrating, a lot of times they’re unavoidable.
At the same time, there are common themes we see from failed businesses that come up time and time again and really don't have much to do with management style or with luck.
The good news is once these issues are identified, they’re straight-forward to address. And doing so can put you and your company on the path to success.
So, in this week’s episode Chip talks about the three most common reasons why cannabis businesses fail. We'll also talk about the things you can do right now to fix each of them to improve your chances of creating a sustainable business that lasts for the long haul.
Plus, we'll answer listener questions and have our "News of The Day" segment.
Want to learn more about anything discussed in this week's episode? Send an e-mail to firstname.lastname@example.org and let's discuss!
What to listen to next:
Episode 12 - Nine Tips To Create a Valuable, Resilient and Scalable Cannabis Business
Episode 14 - Here's What's So Important About a $1 Million Cannabis Business
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Disclaimer: This podcast and related materials are designed only to provide general information regarding the subject matter discussed during the podcast episodes. The statutes, authorities, and other laws cited in this podcast are subject to change. This podcast and related materials are not intended to provide tax, accounting, legal, or other professional advice to any specific person or entity. Any advice or opinion regarding the application of the subject matter for a specific person or entity should be provided by a competent professional advisor based on an application of the appropriate law and authorities to the facts and circumstances applicable to that person or entity.