My First Million Are tariffs good or bad for founders?
636 snips
Apr 11, 2025 The discussion kicks off with a humorous exchange about market turbulence and the unexpected impact of tariffs on vacations. They dive into how rising tariffs complicate e-commerce, especially for entrepreneurs relying on Chinese manufacturing. The hosts also explore creative solutions and the absurdities of business life, sharing tales from Medieval Times and the trials of striking a balance between innovation and practicality. Plus, they highlight the importance of community and first principles thinking for fostering creativity in teams.
AI Snips
Chapters
Transcript
Episode notes
Tariff Trouble
- Sam Parr and Shaan Puri discuss the impact of tariffs on e-commerce businesses.
- Shaan recounts a story about his friend who faces a large tariff bill on an incoming shipment.
Tariff Implications
- Tariffs significantly increase the cost of goods, forcing businesses to either absorb the loss or pass it on to consumers.
- Finding alternative manufacturing locations is a long and complex process.
SWAT Team Approach
- Create a dedicated team to address urgent business challenges like tariffs.
- Focus intensely on finding solutions and implementing them quickly.