Salt Lake City Bookkeeping Blog

Outsourced Bookkeeping Will Get You Laid In 2015

Posted by Joe Mazur on Jan 27, 2015 7:30:00 AM

At first glance, you might think this title is a joke or a sad attempt to lure you in under the 'sex sells' marketing mantra.  There is actually a lot of truth to this title, especially given some of the bookkeeping scenarios our team has come across the past several months. Now, saying 'laid' might be a bit of a stretch but it can lead to a renewed energy within your relationship, or change the path it is on.

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Topics: Hire A Bookkeeper, Business Failure, Better Bookkeeping

Why Most People Suck At Managing Their Finances

Posted by Matt Roberge on Jan 8, 2015 7:16:00 AM

Most people are not very good at managing their finances. People that develop poor personal financial habits typically let those habits affect the management of their business finances. As Americans we live in a world where debt is acceptable and many people adapt the habit of living beyond their means. Many bad financial habits are handed down from people’s upbringing. Other bad money habits are developed due to the influence of the society we live in. Here are a few reasons people suck at managing their finances and how to break those habits. 

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Topics: Financial Forecasting, Financial Reporting, Business Budgeting, Small Business Growth, Grow Your Business, Business Mentoring, Small Business Coach

How Small Business Owners Who Own 2006 Tundras Can Save Money

Posted by Matt Roberge on Jan 5, 2015 7:00:00 AM

Today's post is a guest post from Jerry "Fishfull" Smalley. Jerry is an Iowa native that moved to the Flathead Valley in Montana over 30 years go. He is a retired science teacher, fly tying and casting instructor and an avid fly fisherman. He has written a weekly fishing column for over 30 years in the Hungry Horse News called "Fishfull Thinking." When not fishing you can find Jerry fixing things that he breaks like his truck. 

Short Answer: By Saving Time

And How Can They Save Time?

Long Answer: The FIRST time your TPS light blinks, take your rig to the tire company who charges the least to install Toyota EOM sensors and request all 4 grounded tire sensors be replaced at the same time. Get it done ONCE, then go back to work, doing what you do best. Remember the sensors operate on batteries with an 8-10 year life span. Fishfull recommends Tire-Rama, but be sure they use Toyota EOM sensors, not NAPA. Got 3 done for $102 each; last one cost $86. Toyota dealer wanted $160-$190 depending on who wrote the service work order.

Save Time. Save Money. Increase Productivity. Take Fishfull Fishing!

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Topics: Efficient Bookkeeping, Business Efficiency, Fishing and Business, Fishfull

What Does ABC Mean To Modern Day Small Business?

Posted by Joe Mazur on Dec 29, 2014 6:29:00 AM

There are several movies that I often pull clips of and send to our team to get a good chuckle out of them since they pertain to angry people in the business world. Wall Street, Glengarry Glen and Ross, Office Space, Boiler Room, the list goes on and on. The line that always stood out was how they would yell what ABC stands for – "Always Be Closing!" Being submerged in small business bookkeeping and marketing for almost a decade now, I come to realize ABC means much more than that. Instead of always try to close; you should always try to compel, Always Be Compelling! Inbound and content marketing are the two main areas that really drives this idea.

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Topics: Grow Your Business, Marketing Small Business, Part-time CFO Services

How an Efficient Bookkeeper Travels

Posted by Matt Roberge on Dec 23, 2014 7:00:00 AM

I consider myself an excellent traveler. However, my wife says I'm the most annoying person to travel with. When I'm travelling somewhere and the airport is involved everything needs to be just so. My bookkeeper instincts kick in and there is only one way to travel; that is the right way. Here is how an efficient bookkeeper hits the road.

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Topics: Efficient Bookkeeping, Efficiently Using QuickBooks, Business Process, Scaling A Business

Is Firing a Client Bad For Your Business?

Posted by Matt Roberge on Dec 22, 2014 7:00:00 AM

Unless you are pretty green to the small business world at some point you have probably had to fire a customer of yours. So I pose you with the following question: is firing a client bad for your business? People that are new to business are probably thinking to themselves, "Why would you ever fire a client? That is refusing income. What a stupid decision."

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Topics: Sales Advice, Small Business Growth, Grow Your Business, Scaling A Service Business, Scaling A Business

Small Business Owners - Do you Look Forward to Friday or Monday?

Posted by Matt Roberge on Dec 19, 2014 7:00:00 AM

Do you really love your small business? If so do you look forward to Friday or Monday more?

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Topics: Small Business Growth, Small Business Consulting, Grow Your Business, Scaling A Business, Business Mentoring, Business Coach, Small Business Coach

How to Grow Your Small Business Out of Business

Posted by Matt Roberge on Dec 17, 2014 7:00:00 AM

As a small business owner you want to know how to grow your small business right? Some business owners are content with the current state of their business, but for the most part small business owners always want to grow. The reason that most small businesses fail is because they don't plan for growth. They don't go through the appropriate analysis to see what affects their growth plans will have on their bottom line. They dive in and let their passion for their business and their ideas blind them. Before they know it they are out of business. It is possible to grow your business out of business. Below you will find the common reasons a business grows without a plan and inevitably goes out of business.

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Topics: Financial Forecasting, Business Budgeting, Small Business Growth, Small Business Consulting, Grow Your Business, Small Business Sales

Don't Let Budget Season Ruin Your Holiday Season

Posted by Joe Mazur on Dec 12, 2014 7:00:00 AM

It’s budgeting and forecasting season.  Hopefully most small business owners are in the right mindset to set aside some of their valuable time to make sure they properly build out the next year’s goals and expectations before the year wraps up. Start 2015 with a bang and get it done now so you aren't dissapointed later. Knowing your short term financial trajectory is an important asset. Not knowing your 12 month budget or even 3-5 year budget is an unfortunate spot to be in. Utilize your books, your bookkeeper, management team, etc. in order to build out  realistic goals that you can hold yourself accountable to. Sure your budget will have variances and will need to be adapted along the way, but that’s to be expected.

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Topics: Consulting, Small Business Vacation, Building a budget, forecasting

Finding the Time for Your Small Business During the Holiday Season

Posted by Matt Roberge on Dec 10, 2014 7:18:00 AM

It can be really difficult to find time for your business during the holiday season. Many people focus on other things during the holiday season; and for good reasons. It is a great time to kick back, relax, and enjoy time with your friends and family. However, ignoring your business in between Thanksgiving and Christmas can be detrimental to the success of your business. There are so many important business tasks you need to accomplish prior to year-end and when they don't get done lack of time is typically to blame. You need to make sufficient time for your business during the holidays and here is what you should be focusing on.

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Topics: Financial Forecasting, Business Budgeting, Year End Questions, Year End Planning, Strategic Planning, Year End Bookkeeping