Going Into a Cannabis Business?
The cannabis industry has a lot of handicaps. In Oregon, though legal to sell for both medical and recreational purposes there are still very significant state regulations imposed on the industry.
Be Careful Out There
Business going well? Everything on track? Sure? It’s time for a reminder. That next big crisis is right around the corner. We won’t see it coming because it won’t look like the last one. It will be new and unexpected. Kaboom. You’re in it. Are...
Uncertainty
Daily I see overconfidence in business. I see too much faith placed in forecasts. I see big bets placed on anticipated market growth. I see investment in businesses that are near bankruptcy. I see these things because people tend toward certainty. They start with a belief and then look for all evidence supporting that belief while ignoring anything that contradicts that belief.
Got Conflict?
Few business partnerships succeed. Tension arises when the business isn’t doing well and when the business thrives. Beware of this…
A Plan Is Not This…
I work with too many people who think they can make a plan in an hour by just “deciding things”. That’s not a plan. That is a recipe for problems. Hasty decisions lead to problems and waste.
Support Labor
It is commonly said that anyone can succeed in this country through hard work. That’s getting harder but it is still possible.