Salt Lake City Bookkeeping Blog

Business Lessons from a Vacation to Mexico

Posted by Matt Roberge on Mar 26, 2015 7:30:00 AM

So last week I did something unheard of; I went on vacation during tax season. It was the first time in 13 years that I have taken any sort of time off during the January to April period. Although I was away from work I still had a productive week because I got to reflect on the business. I got a lot of big picture thinking done and came back refreshed with more direction in our business than I had before.

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Topics: Small Business Growth, Grow Your Business, Strategic Planning, Small Business Vacation

4 Dream Jobs I Will Never Have

Posted by Matt Roberge on Mar 24, 2015 7:30:00 AM

At this point in my career I have come to terms with the fact that there are some dream jobs that I will just never have. I consider myself to be a pretty hard worker and if I’m good at what I’m doing that means I’m a productive employee. I was talking to an employee last week and I said, “Do you know what my favorite things to do are? Get up early, go to work, and coffee." Those three traits typically lead me to have productive days. For various reasons I feel that the list of jobs below is what I would love to do but probably never will.

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Topics: Business Efficiency, Hire A Bookkeeper, The Best Job, Hiring

Business Lessons from the School of Hard Knocks

Posted by Matt Roberge on Feb 26, 2015 7:30:00 AM

When I was growing up my grandfather always told me he went to the school of hard knocks. He didn't go to college he went to the army and served his country. He then worked his butt off for the rest of his life in everyday normal jobs providing for his family. He worked right up until the very last few weeks of his life. He was a great American that wanted nothing but a good life for his family.

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Topics: Small Business Owner, Small Business Growth, Grow Your Business, Scaling A Business, Exit Planning, Hiring, Small Business Mentor

8 Things our Small Business Needs to Succeed

Posted by Matt Roberge on Feb 24, 2015 7:30:00 AM

There are certain things every small businesses needs in order to succeed. I could make this list incredibly long but wanted to keep it to the essential items that have helped us succeed. Please note that in this article I am referencing a small service based business. Here are the 8 critical necessities for our small business to succeed.

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Topics: Business Budgeting, Small Business Growth, Scaling A Service Business, Scaling A Business, Service Business, Business Blogging, Business Vision

How Deep Do You Dive In To Your Budget?

Posted by Joe Mazur on Feb 19, 2015 8:00:00 AM

 

So you and your bookkeeper built your business's budget last year. Now what?  Since Q1 is more than half way over, it's time to start using your budget if you haven't already.  The question is, how deep in your budget do you explore?  Since there are so many different ways to make use of your budget, it makes sense to play with it a lot until you can put your finger on what exactly is relevant to you and what is not.  Some owners may look at variances as a dollar amount, percentages, or both.  Others may look at overall expenses as opposed to the details.   Budgeting is meant to be a helpful tool for dealing with your business's future, it's not meant to be overwhelming or scary.  Make sure you have the time to review or the proper team in place to help you with this.  Using your budget the right way will allow for growth and measured results. 

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Topics: Business Budgeting, Scaling A Business, metrics, Building a budget

Why Every Small Business Owner Needs a Mentor

Posted by Matt Roberge on Feb 17, 2015 7:30:00 AM

I am a firm believer that every small business owner needs a mentor. Even the best business owners have questions and need support at some point. Let's take a look at professional athletes for a second to get a different perspective.

Have you ever noticed how many coaches and mentors professional athletes have? The best athletes in the world, the ones at the top of their game have a plethora of coaches. A typical professional athlete has an entire coaching staff to rely on. Additionally many of them have an individual trainer or coach. They have someone to rely on when they go into a slump and someone to give them a different perspective. A good coach will pass on their years of knowledge that they have learned from their own career and experience in coaching. So if the best athletes in the world need a coach or group of coaches, why don't you as a small business owner?

What can a good coach do for your small business?

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Topics: Small Business Growth, Small Business Consulting, Business Mentoring, Small Business Coach, Small Business Mentor

3 Key Advisors for Every Small Business Owner

Posted by Matt Roberge on Feb 12, 2015 7:30:00 AM

Every small business owner is going to need some help along the way. There are going to be key advisors you will need in order to succeed in the small business world. Even the advisors need advisors. Do you think your financial advisor doesn't have help in other areas? I know that all good advisors also need help to become successful. Although there are a lot of people that you will need help from along the way I think there are three key people that every small business owner needs. Every small business owner needs a good accountant, a lawyer, and an insurance agent.

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Topics: Small Business Growth, Small Business Consulting, Small Business, Scaling A Business

3 Fears and Pleasures of a Small Business Owner

Posted by Matt Roberge on Feb 10, 2015 7:30:00 AM

Every small business owner has pleasant times, but also turbulent times that cause fear. When you are running a small business there is so much going on that it is hard not to get caught up in the little details. However, it is important to reflect, look at the big picture, and focus on what is actually important in your business. As a small business owner here are three things I fear and three things that give me great pleasure while running a business.

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Topics: Small Business Growth, Entrepreneurship, Scaling A Business

How a Small Business Bookkeeper Handles His Own Bookkeeping

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

Have you ever wondered how a small business bookkeeper handles the bookkeeping for their own business? Think about it, if you are using an outsourced bookkeeping service they have to handle their own business bookkeeping. Ask them what they do for their own bookkeeping that you currently are not doing. Here are five key things I do with our own small business bookkeeping.

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Topics: Small Business Bookkeeper, Financial Forecasting, Financial Reporting, Business Budgeting, QuickBooks Budget, Small Business Bookkeeping, Reconciling QuickBooks, Bookkeeping Theft, Bookkeeper dishonesty

Shark Tank Small Business Lessons Will Help You Grow

Posted by Matt Roberge on Feb 3, 2015 7:00:00 AM

I'm a huge fan of Shark Tank for a ton of different reasons. It's difficult to come home on a Friday night after a long week of work and keep my business head going. However, I get psyched to watch Shark Tank week after week. On any given Friday night at 8 pm I will be plopped on the couch with a beer in hand ready to be entertained and educated. While there are a ton of valuable small business lessons you can learn from watching shark tank I want to highlight four that really stick out to me.

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Topics: Small Business Growth, Entrepreneurship, Scaling A Business, Investor Bookkeeping, Pitching a Business, Business Pitch