Fresh businesses are opening in Denver, Colorado, with the start of the new year. The infant enterprises are retail stores for legally selling marijuana for recreational purposes to anyone over the age of 21. Colorado citizens voted in 2012 to legalize the recreational use of marijuana and, after more than a year of waiting for regulations to be adopted and put into place, the burgeoning industry is ready to take a step forward.
Business travelers in Denver and around the nation are taking note of the decision by a federal bankruptcy court to allow AMR Corp. to complete its business transaction with US Airways Group and merge into a single company. AMR is the parent company of American Airlines.
Colorado owners of family-run businesses need to consider how the operations of their companies will continue when they are no longer able to lead. Legal concerns with a growing business include what happens in the event of the death or retirement of the owner. It is important to take steps to help in the eventual transition of leadership.
Colorado business owners generally understand that to be a success, they must develop both long-term and short-term goals and then meet these goals. Figuring out how to achieve this can be a very difficult and complex process.
People all over Colorado are starting new business ventures. Even as the economy continues in recovery mode, entrepreneurs all over the state are looking to launch a new company or take steps to grow existing businesses. There are many things that business owners need to be aware of as the make a significant change.