Good Morning!
Here are today’s highlights:
President Trump says small businesses don’t need protection from his tariffs.
The U.S. Chamber of Commerce puts the cost of tariffs to small businesses at more than $24 billion—and rising by $9,000 every second.
Republicans are working on bills intended to eliminate taxes on overtime and tips.
The rules for employing independent contractors are changing again.
THE 21 HATS PODCAST
This week, a new regular, David Barnett, joins the podcast along with Jaci Russo and William Vanderbloemen: David, who has been a guest on the podcast before, helps people buy and sell businesses—but, as he explains, he’s not a business broker. He’s found a different business model. David, Jaci, and William discuss why it’s so hard to sell a business, what owners can do to make their businesses more attractive to buyers, and why it can be in everyone’s interest for sellers to accept an earnout.
Plus: Jaci talks about why she used a recruiter to help her hire a business development person and why she ended up choosing someone who checked none of the boxes she initially thought most important. “I thought I needed some hotshot East Coast, West Coast, big city dude who came in with all the slick talk,” she tells us. Instead, she found her winner in rural Alabama.
You can subscribe to the 21 Hats Podcast wherever you get podcasts.
