Whether you are buying or selling a small business, it will behoove you to understand the various methods of business valuation. If you are a small business seller who finds yourself ready to sell your business for one reason or another, then you will be particularly interested in learning more about this crucial process. And if you’ve landed on…
AMB Performance Group Blog
Our Coaches pride themselves in being completely knowledgeable in regards to bringing you the latest and greatest in business growth options. We also take great pride in providing you with updates, news of interest, and tips to help you continue taking the wheel of your business and its success.
From handling workplace situations and team building to marketing and social media, you can find the answers you’re looking for to better your business and increase your knowledge base. We are always keeping an eye out for news, tools, and resources, so be sure to check-in frequently.
The Importance of Business Valuation
Posted on May 04, 2022
For some companies, having an educated and informed understanding of what their business is worth economically may not be on the shortlist of things to accomplish. The problem might signal a lack of awareness about the importance of business valuation. For some companies, not having a business valuation done may simply be an oversight.Â
After all, there are so many…
What is Staff Retention Rate?
Posted on April 29, 2022
In this day and age, recruiting highly talented workers can be tough. And that’s an understatement. That is why so much emphasis is being placed on how to keep key employees. Whether they are new to the company, or they’ve been around for a couple of years, hanging on to your talent should be a top priority for your…
The Total Cost of Hiring an Employee
Posted on April 26, 2022
Hiring new team members is one of the most positive aspects of being a business owner. New hires (ideally) come on board enthusiastic and ready to put out their best work. Harnessing that energy and drive over the duration of the employees’ tenure is an absolute imperative. But we also have to consider the bottom line: what is the…
The Hidden Costs of Employee Turnover
Posted on April 21, 2022
Employee turnover can be a major burden on any organization in terms of both the human cost and the financial burden that comes along with turnover. Whether we’re talking about tangible factors like money spent recruiting and hiring or the lesser recognized expenses like the loss of institutional knowledge within a company, there is no doubt that there are…
How to Retain Young Employees
Posted on April 18, 2022
Retaining high performers is likely one of your biggest goals – and concurrently one of your biggest challenges – as a business owner. With many boomers retiring in the wake of the COVID-19 pandemic, which hit the United States in 2020, millennials are being promoted into positions of power and are filling jobs formerly occupied by the generation known…
4 Elements of Employee Retention
Posted on April 14, 2022
How much does employee turnover cost US organizations? The short answer: a lot. It’s estimated that it costs about 1.5 to 2 times the employee’s salary to replace them. Let’s say you are heading a 100-person company with an average pay of $50,000 with an average rate of attrition. You could be looking at $600,000 - $2.6 million in…
Benefits of Retaining Employees
Posted on April 11, 2022
As a business owner, you know it is essential to staff your business with the best and brightest. We all know that attracting and retaining talented employees is a crucial feat, not just for operational efficiency, but also for unlocking the benefits of retaining employees like increased productivity, lower turnover costs, and a stronger company culture. Analyzing processes is…
What are the Job Interview Process Stages?
Posted on March 24, 2022
Attracting and retaining talent is one of your most critical tasks as a business leader. Arguably, it is the most important. Your employees are the faces of your company; they interact with your customers, with the public. They complete the necessary day-to-day tasks that keep the company running, and they also provide the promise of a successful tomorrow. As…
How to Retain Employees Without Money
Posted on March 22, 2022
You have heard it before… time and time again. The only way you can keep workers is to pay them more. Money talks. So the questions revolve around how to retain employees without money. Money doesn't have the most compelling voice. When it comes to elements of an employee retention plan, it's important to think beyond dollar signs.Â
How to…
