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How to Write a Business Plan for a Cannabis Company

Up and Running

Team: Who is on your management team? With the rise of new cannabis companies, it is important to differentiate your cannabis company from the competition, whether you are opening a farm, extraction operation, or dispensary. Your operations plan. Operations. Extraction operations? This is your value proposition.

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ESADE Business School Commencement Speech

Steve Blank

In fact, it was only 7 years ago that Apple shipped its first iPhone and Google introduced its Android operating system. But the world you lead will be much different from the one your professors knew or your predecessors managed. The question for all of you is … “ What will it take to inspire and manage this kind of innovation?”.

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A Guide to Crafting Your LLC Operating Agreement

Up and Running

An operating agreement is the document that sets the rules for your LLC. You’ll be able to choose your management structure, lay out who’s responsible for what, and many other important issues. Should I have an operating agreement for my LLC? What does an operating agreement cover? Why exactly?

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What is an Income Statement?

Up and Running

A financial plan section with the balance sheet,  cash flow statement, and income statement are must-haves. If the number after direct costs is smaller than the total of your operating expenses, youll know immediately that youre not profitable. Managing a Business Writing a Business Plan'

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5 Financial Ratios Used To Measure Business Risk and How To Use Them

Up and Running

Managing business risk without a clear financial picture is like going on a road trip without a map and hoping you’ll end up at your planned destination. When the business risk is effectively managed, you can determine a clear path forward according to your financial situation. Operating leverage effect (OLE) ratio.

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How to Write a Business Plan

Business Plan Blog

The second research section of your business plan should provide an analysis of the industry in which your business will operate. This section outlines your sales goals, distribution strategies, marketing strategies, SWOT analysis (your strengths, weaknesses, opportunities and threats), branding strategies and customer service plan.

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Should Startups Care About Profitability?

Both Sides of the Table

If you don’t have a strong balance sheet and can’t hire more people that’s fine — but understand this may lead to slower growth. Is the revenue dependent on a concentrated set of distribution partners or platforms that put future revenue at risk? million to fund operations in their first year of operations.