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Salt Lake City Bookkeeping Blog

Identity Thieves Are on the Rise: How Will You Keep Your Small Business Safe?

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: Bookkeeping Theft, Grow Your Business, 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: CFO Consulting, Growth Coach, Grow Your Business, Financial Forecasting

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: business credit, Grow Your Business, Growth Coach, Cash Flow

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, Grow Your Business, Small Business Consulting

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

If You Don't Know Your Numbers You Don't Know Your Business

Posted by Matt Roberge on Feb 23, 2016 8:30:00 AM

I Need To Know My NumbersI was watching CNBC's The Profit last night and Marcus Lemonis said something brilliant.

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Topics: Financial Forecasting, Financial Reporting, Grow Your Business, Scaling A Business, Growth Coach

Just Like Player Poker, Running A Business Is A Risk

Posted by Matt Roberge on Feb 18, 2016 8:30:00 AM

I started playing poker right around the start of the craze over the World Series of Poker more than a decade ago. All of a sudden, Texas hold 'em blew up. I played in my first Texas hold 'em tournament in a casino for a $100 buy-in, had 90+ opponents, and took first place, winning over $2,000. 

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

7 Small Business Realities From The Trenches

Posted by Matt Roberge on Feb 2, 2016 8:00:00 AM

You make a ton of mistakes when you are running a small business, especially if it is your first time doing so. A lot of people end up attempting to run a business without any formal training. These types of owners are usually really passionate about something (or really good at it). While there is plenty of help out there for new entrepreneurs, few seek it out due to a lack of time and money. Egos may also get in the way. Below are 7 small business realities I have learned from the trenches of starting mine.

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

Is Your Business's Financial Forecast Red, Yellow, Or Green?

Posted by Matt Roberge on Jan 26, 2016 8:45:00 AM

Moving your business where you want to go is a lot like driving a car; it can be easy at times and absolutely crazy in other situations. Growing up on the east coast, I'm naturally an excellent driver (at least in my own head). When navigating along the road in your car, you face similar situations as when you are moving your business in the direction you want to go. Getting where you want to go depends upon how you deal with the constantly changing environment and it requires making good decisions.  

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Topics: Financial Forecasting, Financial Reporting, Grow Your Business, Outsourced CFO Services, Growth Coach

Why You Struggle To Understand Bookkeeping And What You Can Do

Posted by Matt Roberge on Jan 19, 2016 8:45:00 AM

I had a really interesting conversation with one of my advisors from the Goldman Sachs 10,000 Small Businesses Program yesterday. He was astounded by how many small businesses don't understand their bookkeeping and dismayed by those who see no value in it. We commiserated over the many successful small businesses who don't have an adequate bookkeeping system in place to understand their current situation. They don't even know the status of their accounts receivable (AR), accounts payable (AP), or cash flow.

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Topics: Cash Flow Management, Small Business Bookkeeping, Grow Your Business, Value-added Bookkeeping, Bookkeeping System, Growth Coach