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Salt Lake City Bookkeeping Blog

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

  
  
  
Successful Small Business Owner

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

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Note: This blog does not claim credit for images posted on this site unless specified.  Images are copyright to their respectful owners.  If there is an image that appears on this blog that belongs to you and you do not wish for it to appear on this site please email matt@slcbookkeeping.com with a link to the image and it will be removed.  

How to Grow Your Small Business Out of Business

  
  
  
Business Growing Too Quickly

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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Note: This blog does not claim credit for images posted on this site unless specified.  Images are copyright to their respectful owners.  If there is an image that appears on this blog that belongs to you and you do not wish for it to appear on this site please email matt@slcbookkeeping.com with a link to the image and it will be removed.  

Don't Let Budget Season Ruin Your Holiday Season

  
  
  
budget build, forecast build, holidays ruined because of holidays

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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Note: This blog does not claim credit for images posted on this site unless specified.  Images are copyright to their respectful owners.  If there is an image that appears on this blog that belongs to you and you do not wish for it to appear on this site please email matt@slcbookkeeping.com with a link to the image and it will be removed.  

Finding the Time for Your Small Business During the Holiday Season

  
  
  
Finding time during the holiday season for your business

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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Note: This blog does not claim credit for images posted on this site unless specified.  Images are copyright to their respectful owners.  If there is an image that appears on this blog that belongs to you and you do not wish for it to appear on this site please email matt@slcbookkeeping.com with a link to the image and it will be removed.  

Run Your Small Business Like a CFO

  
  
  
Outsourced CFO services SLC

Do you know how a good CFO helps run a business? I often have clients approach me asking for outsourced CFO services. CFO services are a hard thing to identify with a simple explanation because a good CFO takes on so many critical roles. However, there are a few things a CFO can specifically offer a small business. Here is a guideline on how to run your small business like a CFO.

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Note: This blog does not claim credit for images posted on this site unless specified.  Images are copyright to their respectful owners.  If there is an image that appears on this blog that belongs to you and you do not wish for it to appear on this site please email matt@slcbookkeeping.com with a link to the image and it will be removed.  

When It's OK to Not Worry About Numbers

  
  
  
Small Business Financials

Probably the last thing you ever expect a bookkeeper to say is to not worry about the numbers right? Forget your financials? No I would never say that. If you read our blog you know that I am constantly preaching that you need to know your numbers. You need to run your business off of financial reports and by percentages. However, some small business owners take the totally wrong approach.

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Note: This blog does not claim credit for images posted on this site unless specified.  Images are copyright to their respectful owners.  If there is an image that appears on this blog that belongs to you and you do not wish for it to appear on this site please email matt@slcbookkeeping.com with a link to the image and it will be removed.  

4 Critical Bookkeeping Tasks for December

  
  
  
December Bookkeeping Help

December is a critical month for every business on a lot of levels, but definitely from a bookkeeping aspect. Many small business owners struggle with finding the time for their business during the holiday season. However, putting your bookkeeping on the backburner in December is a huge mistake. There is too much to be done before year end for your books so you need to stay focused. Small businesses typically focus on hitting their sales goals, assessing the budget, or concentrating on their personal lives in December but your bookkeeping needs attention as well. Here are four critical bookkeeping tasks you need to attend to every December.

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Note: This blog does not claim credit for images posted on this site unless specified.  Images are copyright to their respectful owners.  If there is an image that appears on this blog that belongs to you and you do not wish for it to appear on this site please email matt@slcbookkeeping.com with a link to the image and it will be removed.  

Passion Can Blind You as a Small Business Owner

  
  
  
Passion can Blind a Business Owner

I was at a networking event a while back and Karl Barndt said something that I immediately jotted down because I knew I would write about it. Karl was responding to someone and he said, "Absolutely, passion can blind you." His statement had not completely sunk in, but I wrote it down and told him I loved it.  I pondered it and now understand how passion can blind you when you are running your small business.

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Note: This blog does not claim credit for images posted on this site unless specified.  Images are copyright to their respectful owners.  If there is an image that appears on this blog that belongs to you and you do not wish for it to appear on this site please email matt@slcbookkeeping.com with a link to the image and it will be removed.  

Do You Make Time for Your Small Business During the Holiday Season?

  
  
  
Make Time for your Business During the Holidays

Ahh the holidays are upon us. I typically equate the day before thanksgiving as the official start to the holiday season. It can be an overwhelming time of year on a lot of different levels. You need to make time for your family, try and shop without getting trampled, all while continuing to run your small business.

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Note: This blog does not claim credit for images posted on this site unless specified.  Images are copyright to their respectful owners.  If there is an image that appears on this blog that belongs to you and you do not wish for it to appear on this site please email matt@slcbookkeeping.com with a link to the image and it will be removed.  

To Achieve Consistent Quality Bookkeeping, Use Checklists

  
  
  

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Note: This blog does not claim credit for images posted on this site unless specified.  Images are copyright to their respectful owners.  If there is an image that appears on this blog that belongs to you and you do not wish for it to appear on this site please email matt@slcbookkeeping.com with a link to the image and it will be removed.  
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