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Salt Lake City Bookkeeping Blog

Is Your Small Business On A Road to Nowhere?

Posted by Matt Roberge on Nov 15, 2017 9:00:00 AM

I spend a decent amount of time in my truck driving by myself in remote places. I think that has something to do with being a fisherman in Montana.

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Topics: Financial Forecasting, Grow Your Business, CFO Consulting, Growth Coach

Want to Know Who You’re Up Against? Conduct a Competitive Analysis!

Posted by Leanne Armstrong on Nov 8, 2017 9:00:00 AM

What makes your business stand out in today’s market? Unfortunately, many entrepreneurs try to answer that question without first finding out what their competitors are up to! Going into business without solid market research and a plan is like trying to build a house without a blueprint.

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Topics: Scaling A Business, Growth Coach, Competition, Competitive Analysis

Why Sales are the Answer to Everything

Posted by Leanne Armstrong on Nov 1, 2017 9:00:00 AM

There’s a very simple reason why sales are so important where small business growth is concerned: sales generate revenue! No matter what industry you’re in, you won’t be in it for long if you don’t have a steady source of income.

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Topics: Sales Advice, Business Sales, Growth Coach

Need Cash? How to Choose Between a Small Business Loan and a Line of Credit

Posted by Leanne Armstrong on Oct 25, 2017 9:00:00 AM

Business loans and lines of credit (LOCs) are valuable sources of capital for your small business. Both offer access to funds that can help your company get going, or get bigger. Either may do away with the need to approach independent investors.

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Topics: Cash Flow, Grow Your Business, Growth Coach, business credit

6 Surprising Reasons Why You Need a Business Mentor

Posted by Leanne Armstrong on Oct 18, 2017 9:00:00 AM

Small business owners invest a lot of blood, sweat, and tears into getting their organizations up and running. And while some will eventually succeed without the help of a mentor, having one or more experienced guides by your side can give you an enormous advantage. From insightful advice to moral support, mentors are prepared to share their wisdom with you on an ongoing basis.

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Topics: Scaling A Business, Business Mentoring, Business Coach, Growth Coach

Wealth Planning: How to Make Your Money Work as Hard as You Do

Posted by Leanne Armstrong on Oct 4, 2017 9:00:00 AM

Small business owners have a knack for starting out with a goal and doing whatever it takes to achieve it. But while many entrepreneurs are great at building businesses, some are less proficient at protecting the wealth they’ve created. Once your business has established a solid cash flow, you should be thinking about how to make your money work as hard for you, as you do for it.

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Topics: Entrepreneurship, Exit Planning, Strategic Planning

How To Hire Without Money

Posted by Matt Roberge on Sep 27, 2017 9:00:00 AM

If you intend to grow a successful business, you will most likely have to hire employees at some point. This is not to say that you can't have a successful business without employees, but you will definitely reach the limit of what you can handle by yourself.

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Topics: Cash Flow Management, Financial Forecasting, Hiring, Growth Coach

Proof That Small Business Exit Planning Matters

Posted by Matt Roberge on Sep 20, 2017 9:00:00 AM

I've been working on our exit plan lately. Does that mean that we want to sell our business? Absolutely not! So why am I going through the process of exit planning? 

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Topics: Exit Planning, CFO Consulting, Small Business Coach, Growth Coach

Top Small Business Trends for 2017

Posted by Leanne Armstrong on Sep 13, 2017 9:00:00 AM

Whether you’ve recently started a business, or have already established a solid footing in your industry, keeping a finger on the pulse of emerging trends is vital. Economic forces aside, small business trends are driven by the wants, needs, beliefs, and values of the buying public. So regardless of the business you’re in – or what year it is – how customers see your organization matters.

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Topics: Industry Trends, Growth Coach, Accounting Automation

Hiring? Why You Need to Consider Background Screening

Posted by Leanne Armstrong on Sep 6, 2017 9:00:00 AM

As one of your greatest assets, your employees play an integral role in the success of your small business. So it only makes sense to devote a reasonable amount of time and effort to choosing just the right members for your team.

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Topics: Small Business Growth, Hiring, employee