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Salt Lake City Bookkeeping Blog

Business Is Unprofitable? Proceed With Confidence

Posted by Matt Roberge on Sep 26, 2016 9:00:00 AM

At some point, your small business may become unprofitable. Maybe not overall, but during a month or a small period of time, you will most likely post a loss.

That can be a stressful situation for a small business owner. When your business is unprofitable, you have a decision to make: give up or proceed. Passion and the desire to succeed will push most business owners to proceed, but they often do so with hesitation.

When your business is unprofitable, here is how you can proceed with confidence.

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Topics: Financial Forecasting, Small Business, forecasting, business venture, business investment

Differences Between Bookkeepers, Accountants and CPAs

Posted by Matt Roberge on Sep 22, 2016 9:00:00 AM

If you’re considering bookkeeping services or other financial services, you may eventually see words such as “bookkeeper,” “accountant” and “CPA.” For many people, these words are used interchangeably and refer in general to financial professionals. However, there are important differences between these roles and understanding these variances can help you determine who you need to work with for the best results. If you run a business, knowing which financial professional to call can help you make the right decisions.

The Role of a Bookkeeper

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Topics: Bookkeeping, Small Business, Bookkeeper, CPA, Small Business Accountant

Business Tips for Young Entrepreneurs

Posted by Joe Mazur on Sep 21, 2016 9:00:00 AM

Do what you love. Don’t let failure knock you out. Follow your instincts.

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Topics: Business Ideas, Business Coach, Small Business Mentor

Can My Small Business Succeed Without Me?

Posted by Matt Roberge on Sep 19, 2016 1:05:11 PM

Have you ever wondered if your business could succeed without you? How about this: Could it thrive? Let me tell you that the answer to both questions should be yes.

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Topics: Business Sales, Exit Planning, Growth Coach

5 Benefits of Opening a Franchise Business

Posted by Matt Roberge on Sep 14, 2016 9:00:00 AM

Have you ever thought about opening up a convenience store, such as 7-11, or a restaurant such as McDonald’s? If so, you’re probably familiar of the concept of franchising. When you open a franchise, you pay a fee and the franchiser supplies you with the products, training and support you need to run your business.

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Topics: Small Business, Scaling A Business, Business Start Up, Business Goals

How Cloud-Based Services Help Your Small Business

Posted by Matt Roberge on Sep 8, 2016 9:00:00 AM

Your business is growing, and along with it, mounds of paperwork that are becoming mountains of guilt. You know you need a more effective document storage system. And now that you’re thinking about it, what about those important files — the ones that are only on your computer? What happens if your computer starts up with the screen of death, and your data is lost forever — or worse, gets stolen?

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Topics: Small Business, business, Cloud Storage

5 Things To Know If You Are Considering Opening A Small Business

Posted by Matt Roberge on Sep 1, 2016 7:07:51 AM

Are you thinking about starting a small business but you have some concerns that are causing you to hesitate? You are not alone because opening a small business is not for everyone; and it's not easy! 

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Topics: Business Start Up, Small Business Coach, Start A Business, Growth Coach

Organization 101: Life Beyond the Business

Posted by Austin Walker on Aug 25, 2016 8:30:00 AM

Realtors, spa-owners, restaurateurs – we’re all business owners. But we’re also parents, consumers, and home-owners, and it can sometimes be a struggle to juggle both our business and our personal lives. Taking the time to make organization a habit at home can pay huge dividends at the office, particularly in areas like getting and keeping your business finances under control. Being organized at work is a proven way for the small business owner to save both time and money, and it can also help to reduce stress along the way.

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Topics: Small Business, Entrepreneurship, business

How to Get More From Your Mentor

Posted by Austin Walker on Aug 23, 2016 8:30:00 AM

As a small business owner, having a dedicated mentor by your side can give you a huge commercial advantage. Business mentors are experienced and committed individuals whose role includes providing valuable professional advice, as well as the moral support and encouragement that’s necessary to keep a business owner focused on what’s most important to the success of their enterprise.

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Topics: Small Business, Business Mentoring, Business Coach

10 Answers to Your Questions About Forecasting

Posted by Austin Walker on Aug 16, 2016 8:30:00 AM

Forecasting is basically the use of historic data to predict future events, and the wisest business owners make full use of the financial data at their disposal for everything from planning for upcoming expenses, to allocating budget funds.

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Topics: Financial Forecasting, Small Business, expenses