Tariffs and global supply chain shifts can squeeze your budget fast. That’s why small businesses need financing that adapts—to handle surprise costs, pivot strategies, or seize new opportunities. Here are a few examples of flexible financing options you can explore. Government Programs Canada Small Business Financing Program (CSBFP)https://ised-isde.canada.ca/site/canada-small-business-financing-program/en Alberta Innovateshttps://albertainnovates.ca/ Prairies Economic Development Canada (formerlyContinue reading “Flexible Financing for Small Businesses Facing Tariffs”
Tag Archives: finance
Navigating Tariff Challenges: Effective Pricing Strategies for Small Businesses
In the realm of financial planning, particularly for small businesses, developing effective pricing strategies is crucial when faced with increased costs due to tariffs. Deciding whether to absorb these costs or adjust pricing requires a nuanced understanding of market dynamics, customer behavior, and competitive responses. This article explores various pricing strategies to assist small businessesContinue reading “Navigating Tariff Challenges: Effective Pricing Strategies for Small Businesses”
Mitigating Tariff Impacts: Strategies to Keep Your Business Thriving
In the face of escalating global trade tensions and the imposition of tariffs, businesses must adopt proactive strategies to mitigate potential financial impacts. Two critical approaches are robust financial planning and supply chain diversification. 1. Financial Planning Effective financial planning is essential for businesses aiming to navigate the challenges posed by tariffs. Key strategies include:Continue reading “Mitigating Tariff Impacts: Strategies to Keep Your Business Thriving”
