Salt Lake City Bookkeeping Blog

As a brick-and-mortar based business owner, you need more than an  entrepreneurial drive to succeed: you need to attract and retain local clients. Reaching out and connecting with your community is critical. Fortunately, local marketing techniques offer a variety of ways you can build up a local following without breaking the bank.

How can you be sure that an employee isn’t secretly stealing from you, that your company is tax-compliant, and that your financial records are reliable? Three words: internal accounting controls.

Improving your internal and external business relationships can give you a powerful edge. But that doesn’t mean you need a talent for sparkling conversation to get ahead. The truth is our collective brains are hardwired to promote successful interpersonal interactions. So, once you’ve learned a few basic communication secrets, you’ll be primed to make the most of all your business connections.

A lot of entrepreneurs are unclear on what strategic planning really means, and how it can benefit their business. In its simplest form, a strategic plan is meant to help you determine exactly where you want your company to go over the next 3-5 years - and how it’s going to get there.

What does it mean to have a “human” workplace? In the past, it wasn’t uncommon for employees to feel like just a cog in the wheel of the company. They were just numbers, and their performance didn’t matter beyond just getting the job done on time. Today, times are changing faster than we would have thought possible in the past. 

In a world where it’s increasingly challenging to find top talent, it’s time for a shift in culture. Now, instead of just creating great workers who get the job done, it’s about creating great leaders. Leaders in the workplace come in all shapes and sizes. They take the initiative on projects both large and small, and they’re an asset to any company.

The impact of small businesses both nationally and locally is unquestioned. Not only do more than 30 million small businesses operate across the US (99.9% of all businesses), they employ nearly half our country’s private work force.

To become – or remain – successful in 2019, entrepreneurs must arm themselves with tactics that are geared toward navigating today’s fast-paced, rapidly changing business world. As a result, many of us look to efficiency experts or the super-successful for help in achieving our professional goals. Here’s a compilation of 8 of their top tips for getting more done this year, while feeling less overwhelmed as a small business owner.

As a small business owner, you probably hear the term “better business decisions” on a regular basis. But what do those decisions actually look like – and how can you be sure the choices you’re making are the very best ones for your organization?

Setting goals and objectives is incredibly important when you run a small business. Not only has goal setting been shown to result in actionable behavior that aligns focus and sustains momentum, the bottom line is that you can’t improve what you don’t manage and measure. Rather than allowing outsized goals to overwhelm you however, the trick is to approach progress as a daily event. And that’s why small wins play a key role in achieving your business objectives.

Following best practices for bookkeeping is critical for your company’s long-term success. But with many newer ventures choosing to handle their own record-keeping activities, business owners who find themselves increasingly caught up in the day-to-day needs of their organizations often fail to recognize when they’ve outgrown their accounting approach.