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Salt Lake City Bookkeeping Blog

The Perks of Hiring a Restaurant Bookkeeper on Time

Posted by Joe Mazur on Mar 26, 2020 12:00:00 PM

Driven by ambition, most business owners tend to think beyond the realms of the possible. I know this because I’ve dabbled in the business world for a good minute.

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Topics: QuickBooks consulting, Business Efficiency, Business Ideas, Outsourced Bookkeeping, Year End Bookkeeping

Business Tips for Young Entrepreneurs

Posted by Joe Mazur on Sep 21, 2016 9:00:00 AM

Do what you love. Don’t let failure knock you out. Follow your instincts.

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Topics: Business Ideas

6 Ways to Make your Good Idea Great

Posted by Austin Walker on Feb 10, 2016 8:30:00 AM

Enthusiastic entrepreneurs can be some of the most exciting people in the world. Their enthusiasm drives their business, the ideas they produce can improve even the worst problems, and the thirst to solve problems is unquenchable. These are the people that would agree that there is a method to implementing a new idea, and building a business around it. Although there is not a clear, concrete method that works for all, there is definitely a general direction that works well. Here's how Salt Lake City Bookkeeping feels it goes.

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Topics: Starting A Business, Business Ideas, Business Mentoring

[Infographic] 7 Non-Billable Tasks That Grow Your Business

Posted by Austin Walker on Sep 30, 2015 7:30:00 AM

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Topics: Business Ideas, Small Business Growth, Grow Your Business

[Infographic] Working for a Small Business vs. Corporate America 

Posted by Austin Walker on Sep 18, 2015 7:30:00 AM

Working for a growing small business rules.  There are some things, like an open office environment, a great work-life balance, and working with multiple clients that help create satisfaction within the multiple roles someone must have to play in order to help the company succeed.

Check out the infographic to decide for yourself whether you're more fit for a role in a corporation or small business:

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Topics: Business Ideas, Small Business

How To Generate And Implement A Great Business Idea

Posted by Matt Roberge on Aug 13, 2015 7:30:00 AM

I love enthusiastic entrepreneurs who come up with business ideas. I have patiently listened to many, many different business ideas from entrepreneurs full of hope and energy. Yet many of these great ideas fail to come to fruition. Why is that? I really don’t believe that most are bad ideas; I think that most people don’t know how to properly execute their ideas. Here are my thoughts on how to generate and implement a great business idea.

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Topics: Starting A Business, Business Ideas, Scaling A Business, Business Start Up

How To Turn Your Idea Into A Successful Business

Posted by Matt Roberge on Jun 23, 2015 8:13:00 AM

I love the idea guy in the small business world. We all know them right? It's your buddy that is always coming up with a new hot idea. Often times these ideas are brought up over a beer at your local watering hole. Most of the time nothing comes of these ideas. However, sometimes businesses are formed from the crazy idea. The majority of the ideas flop as a business concept and fail. In fact according to Bloomberg 80% of entrepreneurs that start a new business fail within the first 18 months. I believe the main reason is that the idea guy often doesn't know anything about running a business, but figures he can do it anyway. Some ideas gain traction and actually become real businesses, but they are certainly the minority. So how can you turn your great idea into a successful business?

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Topics: Business Ideas, Small Business Growth, Entrepreneurship, Scaling A Business

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

Great Business Ideas Shouldn't Be About Making Money

Posted by Matt Roberge on Jun 4, 2014 7:00:00 AM

Great business ideas should not initially be about making money.  Wait a second; what? Being in business is all about making money and profits is it not? I think this question is best answered by a great Simpsons quote by Reverend Lovejoy: "short answer yes with an if, long answer no with a but."  Okay I'm probably not making much sense right now but your business idea initially can't be all money driven.  Think about the last time you had a great idea for a new business or product.  Within a minute didn't you start thinking about a buying a new huge house, a fancy car, or travelling? I think that when most people come up with a great idea they skip right to the end result without thinking about all the hard work in between.  So, like I said in the beginning if you have a great idea let's not worry about making money right away.

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Topics: Business Ideas, Small Business Growth, Scaling A Business, Business Start Up, Business Leadership

3 Small Business Mindsets - What's Yours?

Posted by Joe Mazur on Nov 18, 2013 7:03:00 AM

There are many obstacles when owning your own small business. These obstructions can vary greatly from competition to customer retention, one of the greatest challenges we sometimes see as outsourced bookkeepers is the owner’s mindset of how they think the business should run.   They sometimes think they have the best business ideas but blame everyone but themselves for it not working.  To me, the mindset of the owner sets the tone for everything else within their business.  Are they treating their business as a hobby and not taking it seriously?  Or maybe they treat it as a lifestyle business and have modest goals.  Or they understand being in business is not easy and want to create the best possible environment for profitability and growth and have the understanding of running an investor ready business.

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Topics: Business Ideas, Small Business Accounting, Investor Bookkeeping