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Salt Lake City Bookkeeping Blog

Should Your Small Business Apply for a Trademark or Patent?

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

Intellectual property rights are some of the most important assets your business has. If you’ve developed a new product, a patent can help protect your invention and allows you to seek compensation if someone else steals your idea. If you have a definable logo, brand, business name or catchphrase, a trademark is one way you can protect that specific entity.

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Topics: 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

Risks Associated with Opening a Franchise Business

Posted by Thomas Liquori on Nov 25, 2016 9:00:00 AM

Franchise owners enjoy many benefits. Rather than going into business by themselves, franchise owners have the backing and the marketing power of a larger company behind them right from the start. In addition, franchise owners are able to take advantage of offering a service or product that already has some brand recognition. Most franchises also offer support to new owners, since their success helps, the overall company grow.

Even with all these advantages, however, there is no ignoring the fact that opening a franchise business comes with some risks. Some of them include:

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Topics: business

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

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

My Business Racked Up Personal Credit Card Debt. Now What?

Posted by Austin Walker on Mar 15, 2016 8:30:00 AM

So you used a personal credit card to pay for business expenses. Whether a one-time event or an ongoing practice, if you charge business purchases to your personal credit card, you’ll have a bit of monetary housekeeping to do.

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Topics: business

How Outsourced Bookkeeping Helps Reduce Stress

Posted by Austin Walker on Nov 24, 2015 7:00:00 AM

Outsourcing your company's bookkeeping may not be the top priority, but maybe it should be.  There are many reasons why it's good for you and for the company, but one of the best reasons is to reduce stress.  According to Emily K. Porensky, PhD and assistant professor of psychology at Ohio State University Wexner Medical Center, stress is linked to all leading physical causes of death. She also noted that it is linked with the development of most major mental health problems, such as depression and anxiety.  In addition, a reduction in stress can greatly improve the amount of of your output in a week and the quality of the work finished.  In other words, you can keep your head on straight and accomplish more, better work.

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Topics: QuickBooks, Bookkeeping, Small Business, Outsourced Bookkeeping, business

Monetizing Your Website - Advice From A Non-marketer's Experience

Posted by Matt Roberge on Nov 12, 2015 7:00:00 AM

A businesses website is so important. Every business owner wants to know how to monetize their business website. A really well-designed and functional website can be very expensive and an owner wants to see a good return on their investment. In today’s business world, your website can be one of the first things a prospect sees. Even if you get a referral or meet a prospect via networking, there is a strong chance they will check out your website before they contact you. Therefore, your website is incredibly important. Here are four tips for monetizing your website from a non-marketer's real world experience.

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Topics: Small Business Consulting, Marketing Small Business, Inbound Marketing, business

[Infographic] 4 Important Working from Home Comparisons

Posted by Austin Walker on Nov 11, 2015 7:00:00 AM

There are a lot of positives about the possibilities of working from home.  You don't have to deal with traffic in the morning. You might be able to sleep in a little bit longer.  You may not even have to worry about your animals using your house as its personal toilet.  However, there are some reasons why, for some, working from home may not be the best option.  There are a lot of sole proprietors that probably use their home as a means to save on overhead, but it may be costing them in time due to the fact that they can't concentrate.  Other things get in the way; the dishes are bothering them, or the trash just smells.  Maybe the carpet needs cleaning and the garage hasn't been organized in a while and the lawn needs mowed.  For some, it may just be best to rent out an office at a local co-working space.

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Topics: Small Business Bookkeeping, business