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…
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.
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
Understanding the nature of costs is fundamental to effective financial management. One common question that arises is cost of goods sold a variable cost? This distinction is crucial for business owners and financial planners who need to make informed decisions. Accurately classifying costs like cost of goods sold (COGS) directly impacts financial statements, pricing strategies, and overall profitability. In…
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,…
Explaining Why a Job Was Eliminated Due to Restructuring
Posted on February 10, 2023
In today's dynamic business environment, restructuring has become an essential strategy for companies aiming to adapt to evolving market demands, streamline operations, and stay competitive. However, a job eliminated due to restructuring is often a difficult reality for both employees and employers. As companies face pressures from economic shifts, technological advancements, and changing consumer behaviors, job eliminations have become…
How Does Inflation Affect a Small Business?
Posted on January 31, 2023
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…
7 Ways to Motivate Small Business Staff
Posted on January 24, 2023
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.Â
Offer Incentives and Rewards To Motivate Staff
One of the best ways to motivate small business staff is to offer…
How to Keep the Books for a Small Business
Posted on January 16, 2023
​​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…
