Why 90% of Smoke Shops Fail (and How to Be the 10%) | Street Smarts | Ep. 5

Описание: Most smoke shops fail within 2 years. Not because the product stops selling — but because the owner stops leading.

In this episode of Street Smarts with Chad Wade, we break down why 90% of shops go under — and how the 10% who survive do it differently:

• The mindset shift every owner must make
• How systems save you from burnout
• Why branding is more than a logo
• The financial traps that kill cash flow
• The truth about hiring and leadership

This episode is your mirror. It’s not motivational fluff. It’s hard-earned wisdom from the trenches.

Timestamps:
00:00 Disclaimer: Educational use only
00:06 “That’s not ownership, that’s a hobby”
00:28 The hard truth: 90% fail in 2 years
00:55 Why it’s not the product — it’s the owner
01:16 What this episode is about
01:35 Most failures start in the mind
02:01 Thinking you're escaping a boss = mistake
02:46 You get paid to solve problems
03:01 The trade show story: "I stop by a couple hours a day"
03:25 Mindset is everything
03:40 Chaos kills: no systems, no control
04:43 Systems aren’t sexy, but they save profits
05:10 Coaching story: Inventory became furniture
05:59 Cash flow is oxygen
06:55 Separate business & personal money
07:43 The real problem: your employees
08:20 Best employee didn’t know glass — she cared
08:53 Bad employee: knew everything, did nothing
09:29 Your energy becomes your team’s energy
09:50 Culture starts with leadership
10:13 Most shops never build a brand
10:44 Brand vs. store: what’s the difference?
11:19 Branding is a promise, not a logo
11:54 Your shop is more than just products
12:26 Create community, build loyalty
13:00 The 10% follow the fundamentals
13:53 Step 1: Own your mindset
14:15 Step 2: Build systems
14:30 Step 3: Control your money
14:42 Step 4: Lead your team
14:57 Step 5: Protect the brand
15:24 What winning in this business really feels like
15:41 Most will blame — 10% will build
15:55 Chad’s final message: Be the 10%
16:10 Fixtures by Displayarama

💥 Want to win in this game? Watch this to the end.

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• Displayarama.com and use code chadwade5 and get 5% off your order.
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• Get Chad's Book "Street Smarts" on Amazon Today: https://a.co/d/h09C7UV
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I’m here to help smoke shop owners and entrepreneurs succeed and avoid costly mistakes. Drop your questions or experiences in the comments—let’s support each other!

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*Disclaimer: This video is for educational and entertainment purposes only.

#SmokeShopBusiness #EntrepreneurMindset #StreetSmartsPodcast #BusinessLeadership