Are tariffs good or bad for founders?
About This Episode
Sam and Shaan discuss the devastating impact of new tariffs on e-commerce businesses and the extreme difficulty of relocating manufacturing from China to the United States. They also explore unique business models like Medieval Times and the creative philosophy that high-volume 'bad art' is the primary path to discovering breakthrough hits.
Episode Description
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- Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC
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Key Takeaways
During a business crisis, immediately form a 'SWAT team' to pull levers across pricing, sourcing, and cash flow rather than taking a wait-and-see approach.
Prioritize quantity over quality in creative work because producing a high volume of work is often the only reliable path to achieving high-quality results.
Use first principles thinking to identify specific bottlenecks in a process, such as the final 200 feet of a delivery, rather than accepting industry standard delays as inevitable.