Handling Tariff Changes: 5 Smart Tips for Small Businesses & Non-Profits 

Tariff changes (taxes on imported goods) can shake up your supply chain and impact your costs. Staying on top of these changes is essential to keep things running smoothly. Here are five practical tips to help you adjust and move forward: 

1. Review Your Supply Chain:
   • Check where your products and materials come from.  
   • If tariffs are affecting costs, look for local suppliers or alternative options
2. Reevaluate Your Pricing:
   • See how the tariff increases impact your bottom line. 
   • Decide whether to raise prices or absorb the costs—and be honest with your customers or donors about any changes.
3. Strengthen Relationships:
   • Keep communication open with suppliers, clients, and partners. 
   • Tap into resources from industry groups, Small Business Development Centers (SBDCs), or SCORE for guidance.
4. Work Smarter, Not Harder:
   • Streamline your operations to cut unnecessary costs. 
   • Look into tech solutions or new ways of doing things to stay efficient and resilient.
5. Stay Informed and Flexible: 
   • Keep an eye on trade news and attend webinars or workshops on tariffs. 
   • Be ready to pivot when changes happen—flexibility is key. 

Planning ahead and being proactive can help you minimize disruptions and keep your small business or non-profit on track despite the shifting economic landscape. Let’s discuss how we can plan for any disruptions that you may have. Contact us to schedule a free consult.