Thursday, November 24
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Cheapest State to Open a Dispensary: Best States for You

Cheapest State to Open a Dispensary: Best States for You

Insurance
[ad_1] When you launch a cannabis business, you’ll need to research critical information around costs, including the cheapest state to open a dispensary and other factors that affect your business. The sole fact that you are thinking about starting your own cannabis business shows that you are passionate about the industry. And when you also know that cannabis sales in the U.S. reached $26.5 billion in 2021, that can only add to the temptation. Now imagine turning your passion into a successful business that will make you proud to be an entrepreneur in this budding industry. But, starting a cannabis business is not an easy task, so you might need some help when setting things up, especially if this is your first endeavor of that kind. Let’s say you want to open a cannabis dispensary. Th...
Effective Risk Management for Small Business

Effective Risk Management for Small Business

Insurance
[ad_1] Successful entrepreneurs share many of the same traits: they combine the right mix of hard work, grit, and passion with the necessary financial resources and a bit of luck. Above all, successful entrepreneurs embrace risk-taking.  Anyone who wants to start a business has to be willing to take risks. In fact, starting a business is a risky decision in itself. Consider this: according to the U.S. Bureau of Labor Statistics, almost 1 in 5 private businesses (18.4%) fail within the first year. The rate increases to nearly half (49.7%) after 5 years, and by year 10, nearly two-thirds (65.5%) of businesses will have failed.  These statistics should not discourage you if you’re planning on starting your own business. There are over 30 million small businesses in the US, and there’s no r...
Electrician License Requirements | Embroker

Electrician License Requirements | Embroker

Insurance
[ad_1] Bureau of Labor Statistics It is estimated that there are about 650,500 electricians working in the United States in May 2021. The bureau also expects a number Job opportunities for electricians to be around 85,000 each year As the market grows, people change careers or retire. These numbers do not include the self-employed, and About 8% of electricians are self-employed. At the same time, there 223,776 electric companies in the US in 2022. Not all electricians are licensed to work alone and without supervision. That's why there are different types of electrician licenses that indicate the type and level of services an electrician is allowed to perform. Most states require electricians to hold a license to be able to work, but not all. For example, there are no state r...
Is the Insurance Industry Ready for The Great Wealth Transfer?

Is the Insurance Industry Ready for The Great Wealth Transfer?

Insurance
[ad_1] This post is part of a series sponsored by AgentSync. Insurance carriers and agencies should start considering how to court the next generation of clients, as baby boomers will be leaving record-breaking levels of wealth to their heirs over the next two decades in what’s been termed “The Great Wealth Transfer.” It’s also an ideal time to make sure your house is in order before an influx of new business opportunities crop up. With new wealth, new opportunities will arise for insurance agencies, carriers, and individual producers. Why not make sure your operations are streamlined and your organization is a well-oiled machine ready to jump on whatever prospects come your way? What is The Great Wealth Transfer? The Great Wealth Transfer is the name for the impending inheritan...
How to Get a Loan to Open a Dispensary: 8 Creative Ways

How to Get a Loan to Open a Dispensary: 8 Creative Ways

Insurance
[ad_1] You want to enter into the cannabis industry, and now you want to know how to get a loan to open a dispensary. The legal sale of cannabis grew to $25 billion in the US in 2021, a 40% increase from 2020. It’s a budding industry that’s only beginning to flourish: cannabis is currently fully legal in 19 states and for medical use in 38—with more likely to follow. We could see more states open their doors to recreational marijuana use, creating more demand for businesses and dispensaries.  If you want to be a part of this growing industry, you need to decide where you’d like to fit into the supply chain. One of the fastest growing sections of that supply chain is in dispensaries. Startup costs for opening a dispensary range anywhere between $250,000 and $5 million, so unless you have...
Speed Equals Satisfaction in a Historically Slow Insurance Industry

Speed Equals Satisfaction in a Historically Slow Insurance Industry

Insurance
[ad_1] This post is part of a series sponsored by AgentSync. If there is one thing your insurance company can do to improve both employee and customer satisfaction, it is to find a way to reduce delays and delays in your internal and customer-facing operations. Most of the time, the right technology is an important part of the answer. The importance of moving quickly in today's world Speed ​​is no longer a luxury or distinction. It's a basic expectation that most consumers prioritize and it is So willing to pay extra for. This means that if your business does not provide a fast customer experience, You can be sure that your competitionThis means losing business. Speed ​​pays satisfaction in insurance People don't like to wait. until Put the customer on hold for a few minutes...
Creating a Recession Proof Small Business Plan

Creating a Recession Proof Small Business Plan

Insurance
[ad_1] If you've owned a small business in the past 20 years, you've likely experienced the direct effects of at least one recession. From the collapse of the internet at the turn of this century to the housing-led Great Recession in the late 2000s and the pandemic-induced recession in 2020, small businesses across the United States have had to deal with several major economic upheavals. In the middle of 2022, small business owners face the prospect of another downturn. while the The United States entered a technical recession On July 28 after two consecutive quarters of negative GDP growth, the The current debate among economists It is whether the country is in fact in a complete recession or if the worst is yet to come. Regardless of any technical definitions, there is no do...
How FEMA’s New Flood Risk Rating System Could Impact Your Clients

How FEMA’s New Flood Risk Rating System Could Impact Your Clients

Insurance
[ad_1] This post is part of a series sponsored by SWBC. The Federal Emergency Management Agency (FEMA) is responsible for identifying high-risk flood zones, which are then used to determine which areas homeowners with federally backed mortgage loans should obtain flood insurance. In 2021, the FEMA National Flood Insurance Program (NFIP) is fully implemented New actions To classify flood risk for insurance purposes. Coined "Risk Rating 2.0", the new system aims to more accurately reflect risk to property owners and more equitably distribute the cost of insurance for potential flood damage. The purpose of the broader Risk Rating 2.0 hypothesis to make rates more actuarially accurate is to make premiums more directly correlated with the actual risk of individual properties and lend...
Venture Capital Risk Management | Embroker

Venture Capital Risk Management | Embroker

Insurance
[ad_1] Venture capital is synonymous with startups. It’s the reason we have some of the most innovative and successful companies of the last few decades – like Facebook, Uber, and SpaceX. But venture capital is also synonymous with risk. In fact, if you look up venture capital in the dictionary, you’ll likely see risk included as part of the definition. But does your firm have a solid venture capital risk management plan? At its core, venture capital (VC) is about investing in risk to fuel and facilitate innovative and disruptive ideas to reach enterprise status.  Despite the global pandemic, 2021 was a record-breaking year for venture capital activity. In 2021, venture capital-backed US companies raised an impressive $329.9 billion, up from the previous record of $166.6 billion raised ...
Medicare Open Enrollment Season: Best Practices for Producers

Medicare Open Enrollment Season: Best Practices for Producers

Insurance
[ad_1] This post is part of a series sponsored by AgentSync. Fall is almost here: in the north, you may have changing leaves while in the south, you may get a slight respite from the heat. No matter your geography, one season happens everywhere: the Medicare open enrollment season. If you're a producer and aren't already excited about Medicare open enrollment, we'll give you some reasons why you need to — along with some tips on making the season successful for you and your clients. Quick summary: What is the Medicare open season? Fall open enrollment is an opportunity for Medicare beneficiaries to switch Medicare coverage. At the time of open enrollment, those with Medicare can join a new Medicare Advantage plan or stand-alone (Part D) prescription drug plan and/or switch bet...