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…
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…
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…
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…
Insurance coverage can be tricky since cannabis is still illegal federally. Living in Michigan, one of the United States’ states where cannabis was legalized first medically, then recreationally, we have seen an enormous number of dispensaries pop up in the Southeast area. It is wild to see many located in Read more…
Think about business as a high-performance race car. It’s tuned, fast, and constantly moving. Now, an office move is essentially changing the entire engine while the car is still on the track. That’s the kind of pressure that needs seamless execution. The biggest hidden cost of any relocation isn’t the Read more…
Imagine your business as a sink, and the revenue it generates being the water flowing in it from a faucet. Now, think of the sink again but this time with a leak that’s slowly dripping drop after drop. This persistent and annoying leak, if taken for granted, would over time Read more…
The first industry that comes to mind when I think of Richmond, Virginia, is the tobacco industry. Sure, they have milder, nicer weather than Michigan most of the year, and adjusting to Richmond’s climate would not be difficult. Still, cigarette companies and tobacco farms are what come to mind initially. Read more…