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Salt Lake City Bookkeeping Blog

How to Use Divestment to Downsize Business Interests or Assets

Posted by Leanne Armstrong on Oct 31, 2018 9:00:00 AM

The process of reducing business assets or selling off all or part of your company is known as divestment or divestiture. Business divestment effectively downsizes or eliminates your interest in your company and the property it owns.

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Topics: Business Divestment, Exit Planning, Growth Coach, Financial Forecasting, Cash Flow Management

Business Valuation Basics Every Owner Should Know

Posted by Leanne Armstrong on Oct 17, 2018 9:00:00 AM

As a business owner, your company is probably one of - if not the - most valuable assets you own. But figuring out its true worth can be tricky. Whatever your reason for wanting to assess your company’s financial value, a formal business valuation is the best way to go. Let’s take a look at some valuation basics.

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Topics: Valuation, Business Valuation, Exit Planning

Thinking About Selling Your Business? Here’s How to Get the Most from Your Exit

Posted by Leanne Armstrong on Aug 15, 2018 9:00:00 AM

As one of the most common exit strategies, there are many reasons why successful business owners sell their companies: to retire, to pursue new opportunities, to avoid burnout – even to dodge tax changes. With a recently booming sales market, if you’ve been thinking about selling, now may be the time to get the most from your exit.

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Topics: Exit Planning, Entrepreneurship, Small Business Sales

How to Breathe New Life into Your Business Plan

Posted by Leanne Armstrong on Jul 11, 2018 9:00:00 AM

If your small business is showing the signs of long-term success, chances are good a solid plan was involved. But no company can afford to become complacent about its accomplishments. Your business is a dynamic entity, and your strategy must continually evolve to reflect that. So, when’s the last time you stopped to breathe new life into your business plan?

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Topics: business plan, Strategic Planning, Exit Planning, Growth Coach

Wealth Planning: How to Make Your Money Work as Hard as You Do

Posted by Leanne Armstrong on Oct 4, 2017 9:00:00 AM

Small business owners have a knack for starting out with a goal and doing whatever it takes to achieve it. But while many entrepreneurs are great at building businesses, some are less proficient at protecting the wealth they’ve created. Once your business has established a solid cash flow, you should be thinking about how to make your money work as hard for you, as you do for it.

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Topics: Entrepreneurship, Exit Planning, Strategic Planning

Proof That Small Business Exit Planning Matters

Posted by Matt Roberge on Sep 20, 2017 9:00:00 AM

I've been working on our exit plan lately. Does that mean that we want to sell our business? Absolutely not! So why am I going through the process of exit planning? 

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Topics: Exit Planning, Growth Coach, Small Business Coach, CFO Consulting

Planning a Business Acquisition? Top 5 Things You Need to Know

Posted by Leanne Armstrong on Mar 24, 2017 9:00:00 AM

Most established companies eventually reach a point in their development where the chance to acquire another business presents itself. While some entrepreneurs actively seek out new assets, others simply stumble across what seems like a golden opportunity for growth. In either case, the right business acquisition, in conjunction with the right business acquisition consultant, can successfully fuel your company’s plans for expansion.

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Topics: Business Acquisition, Exit Planning, Small Business Consulting

Can My Small Business Succeed Without Me?

Posted by Matt Roberge on Sep 19, 2016 1:05:11 PM

Have you ever wondered if your business could succeed without you? How about this: Could it thrive? Let me tell you that the answer to both questions should be yes.

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Topics: Exit Planning, Growth Coach, Business Sales

Anyone Can Start A Business, But Only A Few Can Finish

Posted by Matt Roberge on Mar 29, 2016 8:30:00 AM

It's really easy to start a business, but it's hard to successfully finish one. Sounds pretty smart doesn't it? I wish I came up with it myself, but it really hit home for me when I read it. 

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Topics: Business Process, Exit Planning, Strategic Planning

Starting a Small Business the Right Way

Posted by Matt Roberge on Feb 9, 2016 8:00:00 AM

If I ever start a business again, I will do so many things differently. You learn a lot when you start a small business from scratch; both what to do and what not to do. A lot of what you learn about starting and running a small business comes from the school of hard knocks. In hindsight, the act of starting a business is a much easier task than moving forward when you are in the weeds of actually starting up. Here is my advice on how to start a business the right way.

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Topics: Starting A Business, Exit Planning, Startup, Growth Coach