Cannabis Startup Businesses - Set your profit foundations right the first time

The Cannabis Business Minds Show

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2y ago 13:23

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If you’re just starting your cannabis business, you want to make sure that you are setting up your profit systems the right way.
Profit systems for your cannabis businesses include how you set up your accounting, how you set up your invoicing, and how you manage your cash flow through building and using an operating budget, and who is on your profit team.
Poor planning at the very beginning of your business will cost you money later.
In this episode, Simone shares what to focus on when building your profit plan for your business. Some major highlights:

Getting your legal and admin ducks in a row
Business and profit systems to implement
Getting clear on your taxes
Having the right people on your team

If you're interested in learning more about the ins and outs of running a profitable cannabis business, check out THC Accounting.
Connect with us on Instagram @cannabisbusinessminds @businesswithsimone.
Have any feedback? Shoot us an email at simone@cannabisbusinessminds.com.

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