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Salt Lake City Bookkeeping Blog

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, Business Failure

Is Your Small Business Making Expensive Mistakes?

Posted by Matt Roberge on Aug 18, 2015 7:30:00 AM

Have you ever made a big mistake? If not congratulations! You are the first person ever. Big mistakes often equal expensive mistakes. A small business cannot afford to make expensive mistakes. Here are some common small business mistakes and what you can do to avoid making them.

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Topics: Bookkeeping mistakes, Financial Forecasting, Business Budgeting, Small Business Growth, Scaling A Business, Business Failure, Business Pivots

Outsourced Bookkeeping Will Get You Laid In 2015

Posted by Joe Mazur on Jan 27, 2015 7:30:00 AM

At first glance, you might think this title is a joke or a sad attempt to lure you in under the 'sex sells' marketing mantra.  There is actually a lot of truth to this title, especially given some of the bookkeeping scenarios our team has come across the past several months. Now, saying 'laid' might be a bit of a stretch but it can lead to a renewed energy within your relationship, or change the path it is on.

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Topics: Hire A Bookkeeper, Business Failure, Better Bookkeeping

Why Most Small Businesses Fail

Posted by Matt Roberge on Nov 5, 2014 7:00:00 AM

You can read a ton of articles about small business failure. This Forbes articles gives 5 great reasons why 8 out of 10 small businesses fail within the first 18 months. You can come up with all sorts of reasons for why businesses fail. However, I'm going to take a broader more general outlook on small business failure. I have been pondering lately why so many small businesses fail and think I have it down to just three general reasons; time, money, and knowledge. These three reasons are not necessarily why a business fails but rather why nobody starts their business correctly from the very beginning. 

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Topics: Small Business Growth, Grow Your Business, Scaling A Business, Business Start Up, Business Failure

Does Failing In Business Help You Succeed?

Posted by Matt Roberge on Jun 13, 2014 7:00:00 AM

How can failing in business help you succeed? Quite often in life we fail, learn from our mistakes and apply it to our future actions. We do the same thing in business. I was listening to a successful entrepreneur speak a few weeks ago and they gave a pretty interesting definition of an entrepreneur. The speaker said, "A successful entrepreneur has run five companies and failed at three." I don’t know if I am racing out to start some more companies and have them fail, but there are some interesting takeaways when you think about this.

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Topics: Business Ideas, Small Business Growth, Small Business, Business Failure