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Salt Lake City Bookkeeping Blog

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 Tips, business, Franchise Business, Opening a Business

Why Small Businesses Need Social Media

Posted by Joe Mazur on Nov 2, 2016 9:00:00 AM

Why Small Businesses Need Social Media With people ignoring real life to focus on what’s happening online, and tales of social media-driven bullying abounding, it’s easy to write off platforms like Twitter and Facebook as unimportant for your business. Yet, the effectiveness of social media as a way to reach and connect with customers and influencers cannot be denied. It’s true that nasty comments and false rumors can cause problems, but with thoughtful posts and habitual attention, you can become known as a thought leader in your field.

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Topics: Small Business, Social Media, Business Tips

Why Small Business Is Important to the Economy

Posted by Joe Mazur on Oct 26, 2016 9:00:00 AM

The mom and pop shops in your hometown may not have as much name recognition as a major corporation like Apple or GE, but small businesses create more new jobs than any other kind of enterprise, according to the U.S. Small Business Administration. The largest multinational corporations count on small businesses to funnel products and services their way. And over the past 20 years, small businesses created 64 percent of new jobs, accounting for 44 percent of the total private payroll in the U.S.

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Topics: Small Business, Business Tips

How Reputation Management Drives Small Business

Posted by Joe Mazur on Oct 19, 2016 9:00:00 AM

From a bad Yelp review to securing endorsements on LinkedIn, online reputation management plays a major role in small business growth. Here are some strategies you can use to win the internet by turning the online tide to your advantage.

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Topics: Small Business, Business Tips