5 Ways to Be Successful at Cannabis Business Meetings

Starting a cannabis business will involve attending all kinds of meetings. For instance, you’ll likely need to sit down with investors, potential partners, and possibly even suppliers and service providers if you want to make the best decisions for your business. Not only that, but as your business grows, you’ll need to handle meetings with employees, recruits, and various other important people.

You might even want to attend cannabis networking events to build your brand visibility. With so many meetings and events ahead, it’s important to know how to be successful at cannabis business meetings. A few simple principles can help you represent your company well and achieve your goals at each meeting. Here are 5 ways to be successful at cannabis business meetings.

1. Set A Clear Goal For Each Meeting

One of the biggest mistakes you can make when handling business meetings is not having a clear goal or agenda. Whether you’re organizing a simple meeting with employees or you’re meeting with a potential investor, it’s crucial to know exactly what you’re trying to achieve with the meeting before you attend.

For example, if you’re arranging an in-house meeting to discuss cybersecurity with employees, don’t waste any time with chit-chat or useless information. Instead, arm them with the right information to avoid cyberattacks on your business. If you’re planning a meeting with an investor, decide how much you want to ask for and what you’re willing to sacrifice. That way, you can make the best pitch possible.

The goal for each meeting will differ depending on who you’re meeting with. However, make sure you always have a clear idea of what you’re trying to achieve. Having clear goals will help you waste less time and also help you push your business forward.

2. Collect Analytics To Help You At Meetings

Meetings often involve giving presentations or pitches to get your points across. Doing so can be hard if you don’t have the relevant data. As such, collecting analytics can help you in all kinds of ways at business meetings. From the moment your business starts, you should be collecting as much data as possible on everything your business does.

For instance, if you’re meeting with a potential business partner, you might want to show them how much revenue your business has made. If you already have an easy-to-digest graph or chart to show off your business revenue and growth, your pitch will be much more successful and impressive.

Fortunately, you can now find all kinds of business tools to help you collect analytics. For example, using cannabis POS software can help you effortlessly track information on sales, revenue, inventory, popular products, and more. You can also find tons of apps for things like marketing and accounting that help you handle these functions while simultaneously collecting valuable data.

3. Represent Your Brand Well

Whenever you attend a business meeting, you aren’t just representing yourself. You’re also representing your business and your brand as a whole. Whether you’re meeting with investors, business partners, or potential recruits, you should always ensure you remain professional and represent your brand in the best way possible.

Part of this comes down to your appearance. If you’re meeting with important people, you’ll want to dress professionally and give them a good impression. You’ll also want to ensure that you’re well-prepared. If you have a clear plan and a range of talking points prepared, you’ll find it much easier to impress the people you’re meeting with.

This doesn’t just apply to you, either. Your partners and employees should also know how to represent your brand properly at business meetings. Make sure everyone on your team is well-versed in your brand values, talking points, and future goals. That way, they can help your business succeed at meetings.

4. Keep A Tight Schedule

Keeping a tight schedule is one of the best ways to be successful at cannabis business meetings. Nobody wants to waste time with lengthy, inefficient meetings. However, if you don’t plan your meetings properly, you might waste too much time or miss important talking points. Creating a meeting plan will help with this.

If you’re meeting with someone, be mindful of their schedule and choose the best time for both of your purposes. For instance, if you need a lot of time to discuss a range of talking points, make sure you’re not planning a quick lunch meeting or a meeting at the end of the workday. Instead, set aside plenty of time to get your meeting goals achieved.

You should also create a timed plan of the talking points you’re trying to cover. The plan for each meeting will be different and some could take longer than others depending on the goal you’re trying to achieve. Whichever way, make sure you plan the meeting carefully so you can cover each point without wasting time.

5. Offer Promotional Gifts

When meeting with new people, such as investors, partners, and potential recruits, it’s important to leave a good impression. More importantly, you’ll want them to remember you fondly. Handing out business cards helps but, if you want to make an even better impression, you might want to give them a branded gift.

For example, one of the best ways to make a good impression at a cannabis business meeting is with branded cannabis accessories. You can order all kinds of custom-branded cannabis products online and use them to boost your brand visibility and awareness. These can make for excellent gifts at business meetings.

Custom-branded accessories aren’t just good for meetings, either. You can hand these out to potential new customers at exhibitions and events. You can also offer them as add-on purchases at your point of sale. Whichever way, these handy little accessories will help you promote your business and build your brand.

Conclusion

You’ll be attending all kinds of meetings as a cannabis professional, so make sure you use these tips to be successful at cannabis business meetings. Remember to always plan efficiently, have clear goals in mind, and represent your business well. Offering promotional gifts can also help. If you’re looking for custom-branded accessories for your cannabis brand, check out Cannabis Promotions.