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What’s the deal with Trump’s tariffs? Should small business owners be panicking? Are you already panicking? In this episode, we’re tackling the economic uncertainty head-on with clarity, calm, and some much-needed historical context. I’ll break down the basics on tariffs, recessions, and what the S&P 500 can tell us about where we’re headed. You’ll hear how resilient entrepreneurs have thrived through past downturns and how you can adopt their mindset, too. Most importantly, I’ll share six actionable steps to help you stay steady, smart, and strategic no matter what the economy throws your way. Let’s turn fear into focus and uncertainty into opportunity. Sources mentioned: 📝 AP: Trump announces sweeping new tariffs to promote US manufacturing, risking inflation and trade wars - https://apnews.com/article/trump-tari... 📝 CNBC: JPMorgan raises recession odds this year to 60% - https://www.cnbc.com/2025/04/04/jpmor... ________________________________ 📚 Recommended Resources: Join The High Profit Society™️ https://www.trustyoungco.com/society?... The High Profit Society empowers you to build wealth with a supportive community and proven framework so you can confidently grow your business and achieve financial freedom. Book a 1:1 Financial Health Assessment https://www.trustyoungco.com/financia... Tell us about your goals and send over your financials, and we’ll identify exactly what you need to create a high profit, freedom-focused business model. Create Your Million Dollar Wealth Map https://www.trustyoungco.com/wealthma... Grab my free step-by-step wealth building plan for entrepreneurs to get started on your journey to growing your business, profits, and bank account. ________________________________ 📺 Watch Next I Almost Quit… | The Identity Shift That Will Take You To The Next Revenue Level and Beyond • I Almost Quit... | The Identity Shift... Is Your Business Financially Healthy? • Is Your Business Financially Healthy?... ________________________________ ⏱️ Time Stamps 0:00 An overview of Trump's Tariffs and what they mean for our economy 7:44 What a recession actually is and a brief history of U.S. recessions 9:34 Quick analysis of the S&P 500 and the stock market decline 15:13 How we will get through these uncertain times together 20:09 The characteristics of business owners who thrive in economic uncertainty 24:00 Six strategies to help your business weather whatever comes ________________________________ 👩🏻💻 About Sarah Young / itssarahyoung Sarah is an entrepreneur, investor, podcast host, and advisor on a mission to help women business owners scale their businesses, reclaim their time, and achieve financial independence. With her team at Young and Co, she empowers women to grow profitable businesses that align with their values and lead to financial and time freedom - all without sacrificing their health, family, or joy. Sarah’s approach focuses on scaling with a profitable business model, optimizing business strategy, and building wealth with ease and confidence. Her actionable insights help overwhelmed business owners transition into thriving, profitable CEOs who can live life on their own terms. When she’s not helping women achieve their biggest goals, Sarah loves spending time with her husband and son, exploring health and wellness, and dreaming big about what’s next. Connect with Sarah: 💠 Instagram - / itssarahyoung 💠 Facebook - / itssarahyoung 💠 YouTube - / @sarahhyoung 💠 Website - https://www.trustyoungco.com/hello