Have you ever had a friend look at a business and randomly throw out numbers that made it seem like that business owner must be making serious bank? We’ve experienced that many times, and know from conversations with operators and owners in those industries that their real profitability is often far, far less. The reason is often that there are unique challenges to profitability in almost every industry and so we wanted to create a space for entrepreneurs from across industries and markets to discuss the challenges to profitability in their industries.

Kristy Redmon

The retail marketing and advertising of hemp products is one of the main challenges our industry faces today. Unfortunately, the FDA is still in limbo about how to regulate industrial hemp even though it isn’t psychoactive. Hemp companies are not allowed legally to say what their products are used for while there are numerous studies acknowledging the benefits of cannabinoids for the treatment of pain, inflammation, anxiety, seizures, and numerous other conditions. Read more>>

Laura Laird

Right now? Inflation! As gas prices rise, everything else follows. There is also a tremendous decline in available and willing work force. People rely too much on financial stimulus from the government not realizing this will very soon end. There is no such thing as “free money”. Read more>>

Alfredo Infante

One of the biggest challenges in creating our product is the cost of raw materials. As a result of Covid, we like many other industries, are being negatively affected by the lack of available resources. The silicone we use to produce our product, has gone up in price because it is in high demand. In addition, the price of shipping has gone up and are now more variable than ever. Shipment delays and back orders have also presented frustrating challenges. Read more>>