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Salt Lake City Bookkeeping Blog

Bookkeeping Advice Before You Grow Your Small Yoga Studio or Gym

Posted by Matt Roberge on Nov 28, 2019 6:18:00 PM

It seems like the #1 concern for every business, whether it's a small yoga studio or a large gym is how to grow. But growth doesn't always equal higher profits, nor does it mean that your business is prepared for responsibility of growth such as hiring, expanding space, budgeting, and more. Every small business or gym seems to want to grow; the question is, are they ready? Check this quick assessment to get an idea if your yoga studio or gym is ready for growth.

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Topics: Sales Advice, Small Business Growth, Grow Your Business

3 Unexpected Ways Outsourcing Your Bookkeeping Will Grow Your Business

Posted by Matt Roberge on Oct 23, 2019 8:30:00 AM

As a small business owner, you hear this question all the time: "How's business?"

A very typical response is: "Great, but I'm just so busy."

Most business owners are just busy being busy, but I wonder:

How many of them know how their business is actually doing?

Being busy and being profitable don't necessarily go hand-in-hand. Do you know if your business is growing? Do you have a financial plan in place to accommodate for that growth? Do you spend too much time on payroll and balancing your finances each month? Does year end tax planning give you heartburn? I will explain how an outsourced bookkeeping service can actually help you understand how your business is doing, reduce stress, and plan for growth.

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Topics: Financial Forecasting, Grow Your Business, Exit Planning, Strategic Planning

How to Benefit from the Value You Add to Your Community

Posted by Leanne Armstrong on Jul 2, 2019 9:00:00 AM

The impact of small businesses both nationally and locally is unquestioned. Not only do more than 30 million small businesses operate across the US (99.9% of all businesses), they employ nearly half our country’s private work force.

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Topics: Grow Your Business, Growth Coach

Consider These 5 Key Soft Skills the Next Time You Hire

Posted by Leanne Armstrong on May 29, 2019 9:00:00 AM

Your needs as an employer are unique to your business. So it only makes sense to hire employees who demonstrate appropriate knowledge, technical abilities, or academic credentials. But no matter what business you’re in, you should also make a point of considering an applicant’s less tangible qualities. Especially since soft skills matter a great deal in today’s dynamic workplace environment.

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Topics: Grow Your Business, Scaling A Business, Growth Coach

Boost Revenue, Cut Costs: The Psychology Behind Anchoring

Posted by Leanne Armstrong on Apr 10, 2019 9:00:00 AM

Because it can be applied to both pricing and negotiations, the anchoring bias has the potential to boost your company’s revenue and help you cut costs. Identify how anchoring works and you’ll be better positioned to charge more for your product or service, while paying less for your business expenses.

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Topics: Grow Your Business, Growth Coach

How Will You Keep Your Small Business Safe from Identity Thieves?

Posted by Leanne Armstrong on Dec 27, 2017 9:00:00 AM

Identity thieves - and the fraud-based havoc they cause in the US – were responsible for losses exceeding $16 billion in 2016. In fact, according to a study by Javelin Strategy and Research, more than 15 million Americans fell victim to identity theft last year. And that’s a record high.

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Topics: Grow Your Business, Bookkeeping Theft, Growth Coach

Is Your Small Business On A Road to Nowhere?

Posted by Matt Roberge on Nov 15, 2017 9:00:00 AM

I spend a decent amount of time in my truck driving by myself in remote places. I think that has something to do with being a fisherman in Montana.

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Topics: Financial Forecasting, Grow Your Business, CFO Consulting, Growth Coach

Need Cash? How to Choose Between a Small Business Loan and a Line of Credit

Posted by Leanne Armstrong on Oct 25, 2017 9:00:00 AM

Business loans and lines of credit (LOCs) are valuable sources of capital for your small business. Both offer access to funds that can help your company get going, or get bigger. Either may do away with the need to approach independent investors.

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Topics: Grow Your Business, Growth Coach

Are You an Emotionally Intelligent Small Business Owner?

Posted by Leanne Armstrong on Aug 23, 2017 9:00:00 AM

The impact of emotional intelligence (EI) on the workplace was first brought to our collective attention when author and psychologist Daniel Goleman wrote about it in 1995. Goleman described EI as an aptitude for effectively recognizing, managing, and expressing our emotions - and for helping others to do the same.

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Topics: Small Business Owner, Small Business Consulting, Grow Your Business

10 Signs You Should Invest in Bookkeeping Services

Posted by Leanne Armstrong on Apr 21, 2017 9:00:00 AM

As an entrepreneur, it only makes sense for you to keep one eye on your business, and the other on situations that could cause trouble for your company. While there are many reasons why small businesses fail - or turn less than the healthy profit they deserve - research suggests that one of the main culprits is poor accounting.

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Topics: Bookkeeping Services, Small Business Bookkeeping, Grow Your Business