Do You Have What It Takes to Start a CBD Business?

CBD
Starting any business is hard enough. Starting a CBD business is even harder. It’s not for the weak! There are many challenges to starting a CBD business. Todd Smith, Co-Founder of Joy Organics, talks about the obstacles involved in starting your CBD business.

Summary

I am going to challenge you and see if you are ready to start a CBD business! Let’s go over some highlights so you can determine if this business is right for you!

It’s Not Going to be Easy

I’m not going to sugar-coat it. The life of an entrepreneur is not easy. It’s definitely worth it, and it’s incredibly rewarding, but you have to put in the work! Be grateful for the challenges, though, because through them you will learn how to overcome anything as a business owner. I know we have here, at Joy Organics.

Selling CBD on Shopify: You Can’t Do it

Shopify doesn’t allow the processing and selling of CBD-related products. You will have to find another way to get your products into the hands of customers. (Since the filming of this video, the reality of merchant processing and Shopify has changed.)

Banking

Banking is difficult for those in the CBD business because most banks don’t work with CBD business owners. If your bank tells you to take your business somewhere else, take it somewhere else. You have to roll with the punches in this business.

Merchant/Credit Processing

Most credit and merchant processing companies don’t work with CBD businesses. Always find a backup. That way, if one processor tries to shut you down, you’ll have another one to fall back on.

Can You Deal With It?

Now that we’ve gone over the challenges, are you somebody that can deal with the struggles that come with the CBD market? If so, good for you! You’re on the right track. Don’t let the hardships get to you. Find ways to combat them, build up defenses and structures that will keep your business afloat. Learn from your mistakes. Come out on top!

Don’t Allow Things to Bother You

If something comes your way, don’t let it bother you. Always act smarter and find a way to remedy any situation, or you will struggle.

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Joy Organics Wholesale:
Email – Wholesale@JoyOrganics.com

Private Label:
Email – PrivateLabel@JoyOrganics.com

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