The Cannabis Business Minds Show

In this episode, we dive deep into the challenges faced by small businesses in the cannabis industry and the solutions that can help overcome them as Simone continues her conversation with Kenneth Mason, CEO of Equibis. Kenneth shares his insights on the unique challenges faced by small businesses in the cannabis industry, from navigating legal requirements to accessing capital and banking services. He also talks about the importance of having a strong support system and building relationships with other businesses in the industry. As a Chicago-based entrepreneur, Kenneth sheds light on what's happening in the cannabis business scene in the city, from new regulations to emerging trends and opportunities. About Our Guest Website: www.equibisaccounting.com LinkedIn: https://www.linkedin.com/in/kennethmasoncpamba/ LinkedIn (Equibis): https://www.linkedin.com/company/equibis-accounting/ Ask a Cannabis Expert: https://cannabisbusinessminds.com/ask-a-cannabis-expert/ Connect with us! Website: cannabisbusinessminds.com Instagram: cannabisbusinessminds Youtube: cannabisbusinessminds

In this episode, we delve into the career transformation of Kenneth Mason, who went from being an accountant to becoming an entrepreneur empowering small businesses through Equibis. Kenneth shares his insights on navigating entrepreneurship as an accountant and the lessons he learned along the way. He also talks about his first dip into entrepreneurship and how it led him to discover his true purpose. Kenneth emphasizes the importance of staying true to his purpose and being clear on his end goal, which helped him overcome challenges and achieve success in his career. About Our Guest Website: www.equibisaccounting.com http://www.equibisaccounting.com  LinkedIn: https://www.linkedin.com/in/kennethmasoncpamba/ LinkedIn (Equibis): https://www.linkedin.com/company/equibis-accounting/ Ask a Cannabis Expert: https://cannabisbusinessminds.com/ask-a-cannabis-expert/ Connect with us! Website: cannabisbusinessminds.com Instagram: cannabisbusinessminds Youtube: cannabisbusinessminds

Do you have a cannabis business that needs to raise funds? The process of fundraising can be difficult and time-consuming, so it's crucial for startup founders to have a strategic approach. In this episode, we delve deeper into business valuations and investing with Richard Bernard, Vice President of Houlihan Capital's Valuation and Financial Advisory Group. Here are some of the major topics we cover: How to begin the fundraising process for your company Tips for discussing fundraising with potential investors An explanation of the "SAFE agreement" and its key components Richard's insights on the current state and future of the cannabis industry, including perceived challenges Advice for anyone looking to enter the cannabis industry The most important lesson Richard learned when starting out About Our Guest Richard Bernard is a Vice President in Houlihan Capital’s Valuation and Financial Advisory Group. Mr. Bernard performs valuations for public and privately held businesses, business interests, gift and estate planning, financial accounting, and tax reporting purposes. His responsibilities include conducting due diligence, performing financial analyses, and drafting valuation reports. Prior to joining Houlihan Capital, Mr. Bernard was an Analyst in the Valuation Advisory group of Duff & Phelps, where he focused on business enterprise and intangible asset valuations for financial reporting and tax compliance purposes and portfolio valuations focusing on alternative investments. Website: https://www.houlihancapital.com/ LinkedIn: https://www.linkedin.com/in/richard-bernard-08502b38/ Ask a Cannabis Expert: https://cannabisbusinessminds.com/ask-a-cannabis-expert/ Connect with us! Website: cannabisbusinessminds.com Instagram: cannabisbusinessminds Youtube: @cannabisbusinessminds

Business owners must take into account numerous factors that heavily influence a company’s value. In this episode, Richard Bernard, the Vice President of Houlihan Capital’s Valuation and Financial Advisory Group, sheds light on the process of valuing businesses within the cannabis industry. Some key takeaways include: Bernard's background and involvement in the cannabis industry and his work with Houlihan Capital An overview of the evolution of valuations over the years and the current state of the industry Common valuation techniques applied to the cannabis industry The impact of taxation and the role of 280e on a company's valuation About Our Guest Richard Bernard is a Vice President in Houlihan Capital’s Valuation and Financial Advisory Group. Mr. Bernard performs valuations for public and privately held businesses, business interests, gift and estate planning, financial accounting, and tax reporting purposes. His responsibilities include conducting due diligence, performing financial analyses, and drafting valuation reports. Prior to joining Houlihan Capital, Mr. Bernard was an Analyst in the Valuation Advisory group of Duff & Phelps, where he focused on business enterprise and intangible asset valuations for financial reporting and tax compliance purposes and portfolio valuations focusing on alternative investments. Website: https://www.houlihancapital.com/ LinkedIn: https://www.linkedin.com/in/richard-bernard-08502b38/ Ask a Cannabis Expert: https://cannabisbusinessminds.com/ask-a-cannabis-expert/ Connect with us! Website: cannabisbusinessminds.com Instagram: cannabisbusinessminds Youtube: @cannabisbusinessminds