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Put A Systematic Approach Forward To Sell Your Cannabis Business

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Marijuana industry has many legal rules and regulations to be followed. Selling cannabis business involves more than just sending out a news release looking for buyers. A good sales plan is needed to be in place. Good accounting and bookkeeping are primary needs of cannabis business.

Many cannabis businesses do not take the accounting formally. Due diligence and auditing is needed for the business, requiring hiring of a firm to conduct bookkeeping, cross-referencing, and conduct other regulatory work for the businesses’ bank account.

If you deal in this industry, then treat the company like any other and create divisions inside the company like the HR, Accounts and others which keep a check on the complete company. While leading and managing the company, a complete protocol should be followed. For instance if someone is getting fired, follow the protocol of the company and document everything.

Documents act as a support system for the company in case of legal issues. There is a lot of litigation in the industry currently. Things that seem small can create bigger problems in future especially for a company operating cannabis business.

Press releases will invite all types of people. Most of whom will be unlikely suitors. So instead of the releases, if you want to sell a cannabis business, then target the sellers who are interested in this like private equity companies and family offices instead of going to the open market.

Create a list of all potential buyers meeting all the standards in Washington state and then market the business specifically to them. The press release can be sent privately and people can be further notified about all the information once they sign a NDA (nondisclosure agreement). This will make the selling professional and systematic.

The idea of Bigtime Daily landed this engineer cum journalist from a multi-national company to the digital avenue. Matthew brought life to this idea and rendered all that was necessary to create an interactive and attractive platform for the readers. Apart from managing the platform, he also contributes his expertise in business niche.

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Ecommerce guru Ludovico Apollonio Talks on Ways To Overcome Stress as an Entrepreneur

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Ludovico Apollonio is a digital marketing genius. He is well known for his advanced digital marketing and sale techniques which have been proven to help brands grow and become more profitable. 

Just like every other individual, Ludovico had his share of roadblocks on his road to success. Being a millionaire at age 29, he has had to overcome a lot of stress and anxiety to achieve the success that he has today.

The life of an entrepreneur can be so stressful and overwhelming. There are times when you go through rigorous negotiations just to get a deal signed. All this makes you wonder if it is worth it. Little wonder a lot of entrepreneurs quit their startups due to being unable to take the pressure. When the mind starts to burnout from mental exhaustion, it causes the body to experience physical exhaustion. That’s when the constant pressure finally catches up with you. 

Take it one step at a time 

Learning how to manage your stress takes a lot of practice, but you can and need to find a way to handle it as an entrepreneur. To Ludovico, focusing on his obstacles one at a time and addressing the most pressing problem first was how he taught himself to deal with stressful situations and not let them limit his capacity for greatness.

A lot of people focus on too many of their problems at once, which is why they get stressed out so much.  It is better to focus on one thing at a time. Enjoy it, and take the most pleasant memories of it into the next experience. If things get too overwhelming in your life, Bachr recommends taking a break from your troubles by engaging in something relaxing or satisfying. 

“For me, I like to travel, meditate, and exercise as a way to escape my stress for a while. You’d be amazed at how much better you will feel afterward,” says Bachr.

Stay Focused and Dedicated

The road to success involves working through each step to arrive at the next one, with each step motivating and inspiring you to press on without fail. All successful entrepreneurs have dealt with obstacles before. It is the way you get around those obstacles that will determine your level of success.

Ludovico would never have been successful if he wasn’t determined and dedicated. He was passionate about his career and gave all his best shot to become a  successful digital marketer today.

The majority of the important things on earth have been accomplished by individuals who kept on trying and stayed dedicated because nobody else would have done it for them. Ludovico offers the following advice on how to keep focus.

“No matter how tough things get, do not give up on your goals. If you have to find a mentor who can guide you through times of difficulty and uncertainty, then do it.”

How Ludovico climbed the ranks to achieve the monumental success he has today?


Today, Ludovico has started numerous successful businesses both online and offline and he started his marketing and consulting agency that teaches other entrepreneurs the skills they need to succeed.

The biggest takeaway I got from learning more about Ludovico Apollonio’s story is to stop trading your time for money, learn how to make money online, and to surround yourself with the right mentors in life. Ludovico Apollonio’s story is truly inspirational and he is definitely one of the top 30 under 30 entrepreneurs to watch out for in 2021.

 

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