Forecasting Fire: How a data-forward approach from Fire Business Strategies can help new cannabis ventures succeed

Dozens of fees. Hundreds of individual equipment items. Cadres of staff.

This is a fraction of what a company must consider when planning a new business venture. Then there’s meetings, narratives, buildouts—the task of organizing it all, much less executing a complex plan, can be monumental.

Fire wants to lighten the load and spark up something awesome with you. That’s why we developed the Fire Business Forecaster and associated services.

A multi-faceted forecasting tool, our Forecaster allows new cannabis businesses to rapidly develop and deploy robust financial forecasts along with granular resource planning insights, allowing new and seasoned operators alike to plan everything from hiring ramps to nutrient purchases—all within one data structure. But how does it work?

First, we assess your business goals and regulatory requirements. For many businesses, adjusting the forecaster to new jurisdictions is as easy as selecting the target state. We learn what types of licenses, products, sales and marketing strategies, and operational scales your business wants to pursue.

Using this data, we manipulate over 100 independent and dependent variables to create a simulated, by-the-numbers version of your prospective cannabis business. Everything from hand-trim speeds to cure times to sales lead time can be set to specification, making your plan thorough, accurate, and interdependent.

Then, we work with you to refine the plan, with up-to-date projections for everything from local electrical costs to how many gloves your employees are using. Once you begin operations, our Forecaster becomes a living window into every facet of your cannabis business performance, Fire Business Strategies working to seamlessly combine your new or existing data tracking systems with the Forecaster’s predictive power so you’re not just operating at the top of your game, but ahead of the game.

Like any tool, Fire Business Strategies tools require skilled operators and significant collaboration to maximize utility. Get in touch with us to learn more about how Fire can work with you to focus the vision for your new cannabis venture.