Regardless of what you generate from all your sales, whether thousands yearly or even millions monthly, your business simply won’t survive when you consistently fail to break even. Many entrepreneurs like yourself may have found it difficult to improve profitability or substantially maintain it. Well, it's less complicated than you may think and it all lies in understanding and…
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.
How to Go About Rehiring Laid Off Employees
Posted on April 12, 2023
As a business owner, there are most definitely a few important things to keep in mind when thinking about rehiring laid off employees. If your business is big enough, you probably should have a policy on rehiring former workers, but that might not be the case at smaller businesses. It’s also true that some organizations don’t actually permit rehiring…
6 Strategies to Improve Your Profit Margin
Posted on April 05, 2023
Profit margin is the percentage of revenue that remains after all expenses have been paid, and it provides insight into the overall financial health of your business. Therefore, your business's profit margin is one of the most important metrics to consider if you want to grow your business. It basically helps determine your business’s sustainability, growth, competitiveness, and return…
Driving Profitability Regardless of Macroeconomic Trends
Posted on March 29, 2023
Macroeconomic trends are factors that affect the regional, national, or global economy. These factors may include economic outputs, unemployment statistics, world-changing events, and inflation. Macroeconomic trends can influence the economy negatively or positively. Therefore, businesses need to be aware of these trends as they impact the demand for certain products, services, and operations. Understanding macroeconomic trends can help businesses…
How to Raise Prices Without Losing Customers
Posted on March 23, 2023
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…
What Makes a Company Successful in Today’s Market?
Posted on March 14, 2023
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.…
Is Cost of Goods Sold a Variable Cost?
Posted on March 08, 2023
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…
Top 3 Small Business Advantages and Disadvantages
Posted on February 23, 2023
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.…
7 Small Business Growth Challenges and How to Tackle Them
Posted on February 22, 2023
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…
How Does Macroeconomic Inflation Affect Our Businesses?
Posted on February 15, 2023
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,…
