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Optimizing Price Balancing for Maximum Effect

By A BMI Team Member

In the world of competitive business, determining the pricing at a company is one of the most significant challenges that upper management will face. Set prices too high and consumers will not engage with the brand, nor will the margin for profit remain in the business’ favor after considering the c...

06.16.20 10:00 AM - Comment(s)

Bob the Ostrich

By A BMI Team Member

Meet Bob. Bob is a 42-year-old business owner in downtown Nowheresville. He has a loving wife, Sally, and 2 children, Lil' Timmy and Lil' Carol. Bob leaves his house to go to work, Monday through Friday, around 7:25 AM to arrive at his shop around 8 AM. He leaves early so he can take an extra minute...

05.18.20 10:01 AM - Comment(s)

5 Steps Every Business Owner Needs to Run a Successful Business

By A BMI Team Member

There are five steps that every business owner needs to run a successful business; the problem being that the first two are very well-known. The first and second step have saturated the market so much that many business owners think that's all they have to do. They often start with th...

04.28.20 3:00 PM - Comment(s)

How to Evaluate Your Business's Worth

By A BMI Team Member

When it comes to making smart decisions for a business, most owners and financial planners want to focus on business worth—and for good reason. Evaluating a business’s worth is important, not only to ensure that the business remains profitable and is meeting its financial goals, but also as a t...

04.21.20 3:00 PM - Comment(s)

The Coronavirus Outbreak and Running a Business: What You Need to Know

By A BMI Team Member

The Coronavirus, also called COVID-19, has taken the world by storm after springing up as a relative unknown disease in East Asia. As of March 23, 2020, the virus has infected more than 300,000 people in at least 195 countries, according to the World Health Organization, and more than ...

04.15.20 6:17 AM - Comment(s)