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.

Systemized Business

How to Raise Prices Without Losing Customers

Any company owner has a difficult decision when it comes to raising prices. For a good reason, businesses are concerned about losing consumers. Customers who leave might have a big influence on your bottom line. However, to remain in business and develop, it is sometimes essential to increase pricing. The good news is that you can increase rates without…
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Systemized Business

What Makes a Company Successful in Today’s Market?

While every entrepreneur strives to build a flourishing business, some companies are just more successful than others. A company is considered successful when it makes long-term profits and generates sustainable growth. Therefore, achieving success in your business can be an outstanding achievement. While different types of companies measure success differently, a few attributes can make a company stand out.…
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Business Systems Checklist

Is Cost of Goods Sold a Variable Cost?

As a business owner, it is your responsibility to do your best to ensure that your business makes a profit. Without profit, it’s harder to grow, do better, and move forward. Therefore, it's important to understand the Cost of Goods Sold (COGS) as it directly affects profitability. COGS is a crucial financial term that can help you run your…
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Company Management

Top 3 Small Business Advantages and Disadvantages

Small businesses are a fundamental part of the economic landscape with immense contributions to goods and services delivery, job creation, and a catalyst for driving innovation. While small businesses may often have the agility and personal touch that can give them an edge in the market, they also face limitations that make it difficult to compete with big businesses.…
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Business Growth

7 Small Business Growth Challenges and How to Tackle Them

Our clients constantly face these common small business growth challenges. From inadequate capital and cash flow management to finding the right personnel for openings. While it's true that not all of these small business growth challenges are easy to overcome, there are steps you can take to ensure your business continues on its path toward improvement and stability. Here are…
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Company Management

How Does Macroeconomic Inflation Affect Our Businesses?

Macroeconomic inflation is an increase in the overall level of prices in an economy. But microeconomic inflation specifically refers to the impact of inflation on individual businesses and consumers. Some of the effects of macro and microeconomic inflation on our businesses include the following: Increased Production Costs In macroeconomic inflation, the prices of inputs such as raw materials and labor increase,…
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Company Management

Explaining Why a Job Was Eliminated Due to Restructuring

A job eliminated due to restructuring means that the company or organization is making changes to its internal structure or operations to improve efficiency, reduce costs, or realign its focus. While it can be difficult to explain to an employee that their job has been eliminated, it's important to be honest, and transparent about the reasons behind the decision…
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Company Management

How Does Inflation Affect a Small Business?

Inflation is an external threat to businesses. As the prices continue rising worldwide, small businesses are finding it increasingly difficult to purchase goods and services, especially those engaging in cross-border trade. They are under the pressure of either raising the prices and potentially losing sales, making drastic cost-cutting choices, or taking loans to cover the additional expenses to stay…
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Hiring and Retaining Employees

7 Ways to Motivate Small Business Staff

A dedicated and motivated staff is crucial for any small business to achieve the goals and objectives essential for growth and success. Here are the best ways to motivate small business staff that AMB group business coaching recommends for your business.  Offer Incentives and Rewards To Motivate Staff One of the best ways to motivate small business staff is to offer…
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Company Management

How to Keep the Books for a Small Business

​​Bookkeeping in small businesses involves setting up a framework and choosing methods to keep track of contemporary activities within it. Small business owners need to remain focused on their personal hourly rate, and as quickly as the business can afford, it should be handing over the bookkeeping work. Simply stated, when your hourly rate is greater than the rate…
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