Rush orders, cut costs, crossed fingers: How small businesses are preparing for tariffs

As a small business, preparing for tariffs can be quite challenging. However, with careful planning and strategic decision-making, you can minimize the impacts. Here’s how to go about it:

1. Rush Orders: If you anticipate tariffs on certain goods, it’s advisable to make rush orders for stock to avoid paying higher prices later. This strategy is effective if you have sufficient storage space and financial capacity for advance payments.

2. Cut Costs: Look for areas within your operations where you can reduce expenses