Overview
Ready to navigate the complexities of tariffs and safeguard your business's future? Join LivePlan CEO Sabrina Parsons and Senior Director of Business Development Peter Thorson as they demystify tariffs and equip you with the essential tools and strategies to mitigate their impact. This webinar is packed with practical tips and answers to common questions from our partner community, offering a clear path forward in uncertain economic times.
What You'll Learn
This webinar is packed with practical tips and answers to the most common questions from our partner community. Here’s a look at what we cover:
Understanding Tariffs and Their Impact
Tariffs Explained: Gain a clear understanding of what tariffs are, who actually pays them, and how they directly affect your business's bottom line. Real-World Scenarios: Explore tangible examples of how small businesses are currently being impacted by tariffs, from supply chain disruptions to increased costs.
Strategic Financial Modeling with LivePlan
Forecasting Fundamentals: Discover how to create and update a robust financial forecast for your business, providing a clear roadmap for the next 12-24 months. "What If" Scenario Planning: Learn to leverage LivePlan's scenario planning feature to model best-case, worst-case, and base-case financial outcomes, preparing you for various market shifts. Gross and Net Profit Margin Analysis: Understand how tariffs can affect your gross and net profit margins and how to adjust your strategies to maintain profitability. Cash Flow Management: Develop strategies to absorb unexpected costs and volatility, ensuring your business maintains healthy cash flow.
Adapting to Change
Pricing Strategy Adjustments: Identify when and how to adjust your pricing to account for increased costs due to tariffs without alienating your customer base. Supplier Diversification: Explore options for finding alternative suppliers to reduce reliance on international imports and mitigate tariff risks. Inventory Optimization: Implement smart inventory tactics to avoid overstocking or understocking, minimizing financial strain during periods of uncertainty. Identifying New Opportunities: Discover how to pivot your business model, diversify product lines, or explore new revenue streams in response to tariff challenges, potentially uncovering unforeseen growth avenues.
