The face of entrepreneurship is shifting a bit. We are seeing more female entrepreneurship than ever. While women have always been industrious and focused on finding ways to have it all which has led to plenty of entrepreneurship, the ladies over recent years have taken it up a notch or ten.
Today we are seeing more women getting in on cutting-edge businesses, specifically cannabis. As more and more states legalize cannabis, there are more and more opportunities to get in on a cutting-edge industry, and the ladies are stepping up to the plate and hitting home runs.
Business Opportunities Are Abundant
New legislation in many states has opened a whole new market for cannabis. In Maine alone, cannabis is neck and neck for the honor of being the state’s top-selling product with lobsters and potatoes.
Building a successful business is all about supply and demand. If you have the supplies that are in demand, you will find success. Opening a dispensary can be just the ticket to finding the success you are hoping for.
Let’s Dispel the First Rumor
Entrepreneurship is not easy, and it is not easy when you are setting up a dispensary. You need all the basics that you would need for any small business. You will need hardware.
Typically, the small business hardware budget is divided up as follows: 5% goes to peripherals, 5% is spent on printers, 5% is spent on security devices, 5% on storage, 6% are spent on mobility, 7% goes toward networking, servers command about 12% of the budget, desktops use up about 17%, and laptops consume about 24% of the budget.
In a dispensary, it is essential that you can easily transmit and store data. Of course, the transmission of data and storage security is essential to any business but especially essential that you are able to keep very good records within your dispensary.
Here are a few other things you will need to have in place before you sign your lease:
- Apply for and receive your license. Different states have different rules for dispensary licensure. In some states, the process can take up to three months. Plan accordingly.
- Connect with suppliers. You will need to connect with suppliers and work out your arrangements with them.
- Hire your team.
You will need to really dig in during the licensure phase. This relatively new industry comes with a lot of red tape to cut through. Don’t give up, just keep plowing ahead.
Once Your Ducks Are in a Row
Once you have all your licenses in order, your staff hired, and your equipment in place, then it is time to search for the perfect location. The old saying location, location, and location is very important to keep in mind when you are choosing the place that will be your dispensary.
Creating a chic dispensary starts with choosing the right location. Consider a location that offers easy access and has the potential for foot traffic. Foot traffic possibilities are important.
Choose Your Style
What style do you envision for your dispensary? This is where the fun comes in. You can stylize your dispensary any way you see fit. You do want to include certain components regardless of what style you have chosen.
You will need display cases, of course. You will also potentially need seating areas. If you choose, you can provide seating areas for your customers to wait their turn. A simple bar stool or two can do the trick.
Every dispensary needs storage areas for products, scales to weigh products, bags, and counter space. Lighting is very important. It helps to set the mood in the dispensary.
The décor that you choose is what will set your dispensary apart from other dispensaries. Choose your décor based on your style preference. In some cases, no décor is necessary. For example, if you are going for a minimalist style, you can make a statement with color and lighting instead.
The Best Way to Find Success is To Have a Plan
Like any entrepreneurship endeavor, it is important to have a plan. A detailed plan, and a realistic approach to the time and money that will need to be invested, is the best way to find success.