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Salt Lake City Bookkeeping Blog

Tips for Growing Your Small Business

Posted by Matt Roberge on Apr 28, 2017 9:00:00 AM

If you have a small business, you may not want to stay small forever. But how can you grow your small business? Some entrepreneurs think it's a natural process that will take care of itself. In reality, growth is like anything else in your business: it’s something you need to plan for.

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Topics: Small Business, Startup, small business startup

How to Classify Your Business When You’re in Startup Mode

Posted by Matt Roberge on Apr 26, 2017 9:00:00 AM

Being in a startup situation, you may be asked to describe your business often. When you’re asked to talk about your company, how do you classify your business? Do you define yourself as a growing company, a startup or something else? As a small business startup, you do have options, and choosing the right classification and the right words for your business can help you grow more effectively.

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Topics: Goldman Sachs 10k Small Businesses, small business startup

10 Signs You Should Invest in Bookkeeping Services

Posted by Leanne Armstrong on Apr 21, 2017 9:00:00 AM

As an entrepreneur, it only makes sense for you to keep one eye on your business, and the other on situations that could cause trouble for your company. While there are many reasons why small businesses fail - or turn less than the healthy profit they deserve - research suggests that one of the main culprits is poor accounting.

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Topics: Bookkeeping Services, Small Business Bookkeeping, Grow Your Business

When Is It Time to End Your Business Partnership?

Posted by Matt Roberge on Apr 19, 2017 9:00:00 AM

Breaking up, as the song goes, is hard to do. While breaking up a personal relationship may leave you reaching for sad movies, breaking up a business partnership can lead to not only sadness, but also anxiety, stress and financial challenges. Before you make this significant move, you’ll want to consider the situation from every angle and you’ll want to take steps to protect yourself, the company and your former partner.

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Topics: business, business partnership

Should You Consider Crowdfunding for Your Small Business Startup?

Posted by Matt Roberge on Apr 14, 2017 9:00:00 AM

Crowdfunding is a very popular way to raise money for a new business. Crowdfunding essentially means asking multiple people to contribute to your business project. In return, investors may get a specific perk or may simply be asked to donate with no strings attached. There are even many online platforms where business leaders can set up crowdfunding campaigns to gather more money for their new ventures.

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Topics: Startup, small business startup, small buisnesses

What Is Your Business Credit Score?

Posted by Matt Roberge on Apr 12, 2017 9:00:00 AM

As an individual, your personal credit score is important when you apply for a job, apartment or financing. In the business world, your business credit score is much the same. It helps determine whether you will get financing and can help you attract investors. A good business credit score can even help you get a lease on new business property.

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Topics: business credit card, business credit, business credit score

What Affects Your Business Credit?

Posted by Matt Roberge on Apr 7, 2017 9:00:00 AM

Your business credit score is as important as your personal credit score, if not more so. A good business credit score can help you lease offices and retail spaces, can help you apply for lines of credit with vendors and can help you apply for small business loans. Working on building a good credit history for your business should be a key priority.

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Topics: business credit card, business credit, business credit score

How Do You Find Small Business Loan Banks?

Posted by Matt Roberge on Apr 5, 2017 9:00:00 AM

As a small business, you may need financing to pay for inventory, overhead, business property and the other costs of owning and operating a company. However, larger banks may feel better-suited for corporations and larger enterprises. Where can a growing business go to secure the services and financing they need?

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Topics: Small Business, small business loan

Why Should You Back up Your Small-Business Financial Statements?

Posted by Matt Roberge on Mar 31, 2017 9:00:00 AM

Business financial statements and financial documents are essential for any growing business. Financial documents and statements are needed to stay compliant and are necessary if you are audited for any reason. If you face any sort of internal or external investigation, not having required documents can result in severe penalties and fines.

There are other reasons to back up your small-business financial statements, too. These documents provide important clues to help you grow your business. Being able to review past financial data, sales, revenues, expenses, debts and other financial details can help you evaluate how you got to your current status and can help you recreate past wins. Looking at past financial data can also help you avoid the pitfalls you may have already learned from.

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Topics: Small Business Accounting, Small Business Accounting Services, small business financial statements

How to Get Your Small-Business Marketing Message Across to Customers

Posted by Matt Roberge on Mar 29, 2017 9:00:00 AM

Your marketing message is the way you present your products or services to customers. Getting your marketing message right means communicating your unique offerings in a way that makes customers and clients want to do business with you.

So how can you make your clients and customers want to buy? You can start refining your small-business marketing message if you:

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Topics: Small Business Bookkeeping, Small Business, small business marketing