The EntreLeadership Podcast Should I Be Concerned About Trump’s Tariff Policy?
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Jul 14, 2025 This discussion dives into the impact of Trump's tariffs on a Canadian business owner seeking growth in the U.S. market. It tackles the uncertainties that come with trade regulations and how businesses can adapt their strategies. The complexities of evaluating a flower shop offered as a free gift raise questions about financial viability and market trends. Additionally, insights on leadership in family businesses and the challenges of transitioning to a partnership provide valuable advice for navigating these intricate business landscapes.
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Tariff Policy Creates Chaos Not Impact
- Trump's tariff policy has created much chaos but little actual impact on Canadian businesses shipping to the U.S.
- The current agreement likely protects certain products from tariffs until 2026, easing immediate concerns.
Stick to Your Expansion Plan
- Don't rush to fast track U.S. production just because of tariffs; it could cost more than paying a small tariff.
- Stick to your planned timeline for expansion unless forced to accelerate by clear business needs.
Dive Deep Before Buying Business
- Before accepting ownership of a business, deeply understand its profitability and operations by spending time in the business.
- Fix broken systems, track costs carefully, and verify profit potential before committing.
