When my aunt first married her late husband, they initially lived nearby in a posh neighborhood in Oakland County, Michigan, until his job made a corporate move to Rockford, Illinois, a suburb of Chicago. They lived there for about five years, and while there, they adopted my cousin Tommy. Yet, Read more…
Assets in business are items or resources that a company owns that have potential economic benefits, i.e., the company uses them to operate or generate value. This can include equipment, vehicle, inventory, or property that is exclusively or primarily used for the business. It can also include intangible items, such Read more…
When people talk about sustainability and corporate social responsibility (CSR), the term “ESG” often comes up. This isn’t surprising as they are interconnected frameworks for responsible business. ESG stands for Environment, Social, and Governance. Unlike sustainability and CSR, which are more philosophies or end-goals, ESG involves something more tangible: data Read more…
When you hear the word “lending,” the image that typically comes to mind is that of a term loan. You borrow from a bank, they check your credit history and cash flow, and if approved, give you a lump sum that you have to repay in regular installments over a Read more…
Some challenges faced by dispensaries include the obvious ones: legality and regulatory issues being the most relevant and legitimate concerns. Navigating insurance claims in the cannabis industry is also a complex challenge; however, some professionals simplify the process, maximize recovery, and help the cannabis business move forward. From cultivators and Read more…
There was a time in the past when you had to walk to your local bank and get approved for a loan in order to start a business. That’s not always the case today, thanks to the emergence of alternative lending. You see this shift worldwide. More and more borrowers Read more…
From cultivators and extractors to testing labs and dispensaries, navigating insurance claims in the cannabis industry is one of the most complex challenges the cannabis industry faces, right along with filing federal tax returns to securing loans, financing, and managing payroll, as well as providing employee benefits. These businesses also Read more…
As a proud Michigander, I understand why people from all over choose to vacation and travel to our beautiful peninsula that is surrounded by four out of five of the Great Lakes, which include: I also know first-hand how hectic everything gets in Michigan during peak travel times. Especially in Read more…
Natural disasters not only pose a severe threat of displacement to everyday families, pets, and community centers such as schools, places of worship, or sports fields/areas, but also affect businesses where these community members work and do business. For example, natural disasters with heavy rain can lead to floods in Read more…
Having debts isn’t necessarily good or bad. Many consider it a convenient business tool at their disposal. Getting a loan has its benefits, such as increasing cash flow and ensuring business continuity or becoming a lifeline that keeps the business afloat. However, when unexpected events throw a wrench at your Read more…