Show Information
Title: Navigating Tariffs: A guide for Home Service Businesses
Episode Number: 78
Date: March 15, 2025
Duration: 13:39
Host: Justin Deese
Website: www.JustinDeese.com
Contact: Justin@JustinDeese.com
Summary
In this conversation, Justin Deese discusses the implications of new tariffs on the home service industry, outlining both the challenges and opportunities they present. He breaks down the effects of tariffs on costs, suppliers, and profit margins, while also providing actionable strategies for business owners to navigate these changes effectively. The discussion emphasizes the importance of proactive planning, customer education, and adapting pricing strategies to maintain profitability in a shifting market.
Takeaways
- New tariffs could significantly impact business costs.
- Understanding tariffs is crucial for home service businesses.
- Higher costs can lead to lower profit margins if not managed.
- Tariffs can protect American manufacturing and create jobs.
- Securing reliable suppliers is essential to mitigate risks.
- Proactive pricing strategies can help maintain profit margins.
- Educating customers on value can justify price increases.
- Focusing on higher-margin services can offset material costs.
- Planning ahead can turn tariff challenges into opportunities.
- Regularly monitoring business efficiency is vital for success.
Chapters
00:00 Understanding Tariffs and Their Impact
03:11 Pros and Cons of Tariffs
08:05 Strategies to Protect Your Business
11:23 Turning Challenges into Opportunities
Keywords
tariffs, home service industry, business strategies, cost management, pricing strategies, supply chain, profit margins, customer education, domestic manufacturing, market trends, Justin Deese, Freedom Blueprint Podcast, When Your Business Partner is Your Spouse, Kristen Deese
Mentioned in this episode:
Power Profit Workshop 2025- PowerProfitWorkshop.com
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