I can’t really tell too much of the … specifics of your business from what you’ve said, and that may be intentional on your part, which is entirely reasonable, don’t want to doxx yourself…
…but hey, as long as you are at least being realistic with your employees and not promising things you can’t actually promise, you have both my sympathy and empathy.
… I am not even sure you aren’t just a sole proprietorship, given that you never use ‘we’ and always use ‘I’ and ‘the business’ interchangeably.
But I must caution:
Fortunately, I have a good relationship with my supplier, and parts of these orders are going to sit on the shelf with my name on them to be picked up in the near future, helping push out my cost.
I have never met a small business owner who does not say they have a good relationship with their supplier, unless they are actively suing them, or just about to do so.
Usually its more like ‘great’ or ‘outstanding’, or ‘rock solid’ if they really have 5 to 10 year plus history with them, with either 0 hiccups, or very good communication when hiccups are or are about to occur.
… Good luck.
…
I used to do executive level reporting and analysis for a fairly major international logistics middle man coordinator.
I can only imagine my old office now, everyone running around with their hair disheveled, fielding non stop phones ringing off the hook.
That is the ‘de minimis’ exception, for individual orders of less than $800 being exempt from tariffs… which was how SHEIN and Temu and Alibaba/express… sent the US cheap consumer (and also many industrial) goods directly from manufacturers in PRC/HK … this is the closure of that exception or loophole, formally, in the CBP customs rules.
Thats all now at a 120% tariff, so your 40 dollar youtuber plushie is now… 88 dollars.
Starting June 1st, up to 200%, or 120 dollars.
I’ve seen reports that basically everything on SHEIN has roughly tripled in price already, as of this weekend.
… Everyone who has a dropshipping side gig, or merch store or some kind of ‘i use tiktok to sell scented candles i picked out the scents for and designed the container’… yeah thats all pretty much done now.
I can’t really tell too much of the … specifics of your business from what you’ve said, and that may be intentional on your part, which is entirely reasonable, don’t want to doxx yourself…
…but hey, as long as you are at least being realistic with your employees and not promising things you can’t actually promise, you have both my sympathy and empathy.
… I am not even sure you aren’t just a sole proprietorship, given that you never use ‘we’ and always use ‘I’ and ‘the business’ interchangeably.
But I must caution:
I have never met a small business owner who does not say they have a good relationship with their supplier, unless they are actively suing them, or just about to do so.
Usually its more like ‘great’ or ‘outstanding’, or ‘rock solid’ if they really have 5 to 10 year plus history with them, with either 0 hiccups, or very good communication when hiccups are or are about to occur.
… Good luck.
…
I used to do executive level reporting and analysis for a fairly major international logistics middle man coordinator.
I can only imagine my old office now, everyone running around with their hair disheveled, fielding non stop phones ringing off the hook.
Like uh…
https://content.govdelivery.com/bulletins/gd/USDHSCBP-3dca7b6?wgt_ref=USDHSCBP_WIDGET_2
That is the ‘de minimis’ exception, for individual orders of less than $800 being exempt from tariffs… which was how SHEIN and Temu and Alibaba/express… sent the US cheap consumer (and also many industrial) goods directly from manufacturers in PRC/HK … this is the closure of that exception or loophole, formally, in the CBP customs rules.
Thats all now at a 120% tariff, so your 40 dollar youtuber plushie is now… 88 dollars.
Starting June 1st, up to 200%, or 120 dollars.
I’ve seen reports that basically everything on SHEIN has roughly tripled in price already, as of this weekend.
… Everyone who has a dropshipping side gig, or merch store or some kind of ‘i use tiktok to sell scented candles i picked out the scents for and designed the container’… yeah thats all pretty much done now.
Fucking yeeeeeehaaaaw, this gonna be a wild ride.