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Caught in the Crossfire: Tariffs & Small Business Survival

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Manage tariff exposure, supplier risk, pricing, profit margins and cash flow with practical small-business tools.
5
5/5
(20) Ratings
30 students
Created by Kevin Fichtner
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What you'll learn

  • Identify where tariffs and trade disruption expose their business.
  • Calculate the true landed cost of products and materials.
  • Measure the effect of cost increases on gross margin, profit and cash flow.
  • Decide whether to absorb, share or pass through a cost increase.
  • Use break-even analysis to evaluate pricing decisions.
  • Build a supplier-risk and diversification strategy.
  • Create a practical 13-week cash-flow forecast.
  • Improve quotes, contract terms and customer price communication.
  • Identify appropriate Canadian and U.S. financing/support resources.
  • Build 30-day and 90-day response plans for their business.
This course includes:
1.5 total hours on-demand video
0 articles
8 downloadable resources
46 lessons
Full lifetime access
Access on mobile and TV
Certificate of completion
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Course content

Requirements

  • No economics or trade-policy background should be required. Students should ideally have access to basic business information such as current selling prices, supplier costs and recent financial statements, although they can complete the course using the examples provided.

Description

This course contains the use of artificial intelligence.

A supplier raises prices. An important shipment costs more than expected. A quote that looked profitable last month now leaves almost no margin. Meanwhile, payroll, rent and customer commitments still need to be met.

Caught in the Crossfire helps small-business owners and managers turn tariff and supply-chain uncertainty into practical business decisions. You will learn how to identify where your business is exposed, calculate the financial impact of higher costs and choose a response that protects both profit margins and cash flow.

The course follows the decisions a business actually needs to make. You will examine direct and hidden tariff exposure, country-of-origin questions, landed costs, supplier alternatives, pricing choices, inventory timing and working capital. You will also learn how to explain cost changes to customers, strengthen quotes and contracts, and prepare for financing or government-support discussions when appropriate.

Practical worksheets and templates help you apply the lessons to your own business. These include an exposure worksheet, landed-cost calculator, supplier scorecard, gross-margin worksheet, thirteen-week cash-flow template, customer communication templates, and thirty-day and ninety-day action plans.

Through the course, you will learn to:

  • Map the products, suppliers and purchased inputs that create your greatest exposure.

  • Calculate the full cost of getting a product into your business.

  • Compare the effects of absorbing a cost increase or passing it through to customers.

  • Evaluate replacement suppliers beyond their quoted price.

  • Connect inventory, customer payments and supplier terms to cash requirements.

  • Set priorities and build a practical action plan for the next thirty and ninety days.

The course is designed for Canadian and U.S. small-business owners, managers and advisers. Basic familiarity with how a business earns revenue and pays its expenses is helpful; advanced accounting knowledge is not required.

Your instructor, Kevin Fichtner, brings an accounting and business perspective to the material. The emphasis is on using financial information to make timely, informed decisions.

You will finish with a repeatable process for understanding a cost shock, testing your options and deciding what to do next.

Who this course is for:

  • his course should specifically target small-business owners, entrepreneurs, managers, bookkeepers/accounting professionals advising small businesses, purchasing managers and people responsible for pricing, cash flow or supplier decisions.
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