Choosing the Perfect GM for your Cannabis Business

In today’s episode, we dive deep with Ryan D'Wolff Munro, a seasoned expert known for his remarkable work at Dutchie and his vast experience in the restaurant, brewery, and cannabis industries.Ryan shares invaluable insights on the crucial early stages of business, focusing on effective time management, strategic hiring, and financial literacy. He emphasizes the importance of understanding your balance sheet and being actively involved in financial planning to steer your cannabis venture toward sustainable growth. Further, Ryan opens up about the art of selecting the right team, particularly the pivotal role of a General Manager, and how to ensure their values align with your business vision. He sheds light on his personal preferences when hiring a GM, including the necessity of integrity, financial acumen, and the ability to manage both people and projects effectively.Whether you're a new entrepreneur in the cannabis space or looking to refine your business approach, this episode is packed with advice to help you navigate the complexities of the industry and lead your business toward success.Don’t miss this opportunity to learn from one of the giants in the industry and gain the edge you need to make your cannabis business thrive. Tune into this episode of Kaya Cast and transform the way you manage, operate, and scale your business in the competitive cannabis landscape.Available on Spotify, Apple Podcasts, and wherever you get your podcasts.---For more resources and to connect with industry leaders, visit the Kaya Cast Podcast website. Stay tuned for more insightful episodes! Find out more about Ryan and Dutchie at:https://www.linkedin.com/in/ryanmunro/https://dutchie.com/https://www.instagram.com/wearedutchie/?hl=enhttps://www.linkedin.com/company/getdutchie/Chapters:0:00 - Episode Highlight0:24 - Intro1:00 - Where should entrepreneurs really, really think about allocating their time that impacts the business the most? 5:03 - Who would you look for in a GM? What characteristics of that person would you look for?10:59 - When you're recruiting for that particular person, do you generally actively recruit or passively recruit?13:28 - Are KPIs a good measure of success anymore?19:22 - Storytelling is the Best Way to Connect21:24 - How long until you realize this person isn't the best fit23:21 - Common mistakes for entrepreneurs25:10 - How far should entrepreneurs set out their goals when they first start?27:04 - How many goals should somebody set when they start a business?28:52 - Marrying Resources with Strategy31:42 - How do you make ambitious goals more achievable?35:56 - How to assess if goals are on the right track?39:11 - What's new with Dutchie?41:53 - Outro#kayacast #cannabis #operations #generalmanager #hiring #podcast #cannabisindustry #businesstips