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Salt Lake City Bookkeeping Blog

Austin Walker

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Recent Posts

Bookkeeping for Multi-Location Restaurants

Posted by Austin Walker on Oct 17, 2019 8:30:00 AM

Bookkeeping for a restaurant group that has different locations and different restaurants under it can be tricky. There are tight margins to maintain.

In addition, spoilage, theft, and inventory must be controlled to maintain profitability. In order to do this, the books must work like a well-oiled machine.

There can't be any flukes or the whole machine is compromised and margins decrease. Follow this guide to monitor profits and grow your restaurant locations.

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Topics: Small Business Management, Outsourced Bookkeeping, Restaurant Accounting

3 Essential Financial Investments to Grow Your Restaurant Business

Posted by Austin Walker on Oct 9, 2019 8:30:00 AM

There was a time when all that your restaurant really needed was good food and a great location to guarantee its success. But with the advent of social media and online mobility, menu and locale alone aren’t always enough to grow and maintain a healthy client base These three investments are .

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Topics: Marketing Small Business

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

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

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

The Anatomy of a Great Scaling Strategy

Posted by Austin Walker on Aug 11, 2016 10:10:13 AM

Although it’s your company’s profit margin that determines how much money eventually ends up in your pocket – and not the volume of your sales - there’s an inextricable link between revenues and profits, and an effective scaling strategy should address both.

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Why You Should Forget About Improving Your Personnel (And Focus on Improving Yourself)

Posted by Austin Walker on Aug 9, 2016 8:30:00 AM

Running a business and being a good manager are two very different things. Regardless of the size of your business or the industry you’re in, your personnel play a key role in the success of your enterprise. If you want to make the most of your staff’s professional abilities, it’s worth spending some time defining your own role in motivating their performance to be the best it can be.

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8 Laws Anyone Working on Pricing Should Know

Posted by Austin Walker on Aug 4, 2016 8:30:00 AM

Pricing your products or services in a way that keeps you competitive while turning a profit can be an ongoing challenge for the small business owner. While your underlying costs always have to be taken into account, strategic pricing practices go well beyond the numbers to include proven buying behaviors.

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Topics: Small Business Sales

7 Things about Failing You May Not Have Known

Posted by Austin Walker on Jul 28, 2016 8:30:00 AM

Nobody sets out with the intention of failing, or particularly likes it when it happens. At best, failure is a frustrating experience, but at worst it can be utterly demoralizing.

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Topics: Small Business

Small Business Marketing: The Good, the Bad, and the Ugly

Posted by Austin Walker on Jul 21, 2016 8:30:00 AM

Sometimes it doesn’t seem to matter how digitally advanced your small business is, or how dedicated you are to making it the very best it can be. If potential customers don’t know who you are, where you are, or what your product or service is going to do for them, all your hard work and the most up-to-date technology available isn’t going to help you succeed.

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