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Salt Lake City Bookkeeping Blog

Why Small Wins Play a Key Role in Achieving Your Business Objectives

Posted by Leanne Armstrong on Jun 12, 2019 9:00:00 AM

Setting goals and objectives is incredibly important when you run a small business. Not only has goal setting been shown to result in actionable behavior that aligns focus and sustains momentum, the bottom line is that you can’t improve what you don’t manage and measure. Rather than allowing outsized goals to overwhelm you however, the trick is to approach progress as a daily event. And that’s why small wins play a key role in achieving your business objectives.

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Topics: Business Goals, Strategic Planning, Growth Coach

Is Your Bookkeeping Holding You Back?

Posted by Leanne Armstrong on Jun 5, 2019 9:00:00 AM

Following best practices for bookkeeping is critical for your company’s long-term success. But with many newer ventures choosing to handle their own record-keeping activities, business owners who find themselves increasingly caught up in the day-to-day needs of their organizations often fail to recognize when they’ve outgrown their accounting approach.

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Topics: Financial Forecasting, Small Business Bookkeeping, Cash Flow, 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, Hiring, Growth Coach

Everything You Need to Know About Small Business Loans – Before You Apply

Posted by Leanne Armstrong on May 22, 2019 9:00:00 AM

When your small business needs money, there are so many options available to you it can be difficult to know where to start. In this introductory guide to borrowing, we’ll take a brief look at everything you need to know before you apply, so you can make the best choice for your business.

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Topics: QuickBooks Loan, Growth Coach, small business loan

How the Art of Persuasion Can Improve Your Profits

Posted by Leanne Armstrong on Apr 24, 2019 9:00:00 AM

Soft skills like time management, creativity, and adaptability play an enormous role in business success. But there’s one important and highly profitable soft skill that continues to suffer from a bad reputation: the art of persuasion.

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Topics: Sales Advice, Small Business Sales, Growth Coach

Have You Structured Your Business to Optimize Growth?

Posted by Leanne Armstrong on Apr 17, 2019 9:00:00 AM

Scaling a small company can be challenging. But despite current politics and worker shortages, a record level of small U.S. businesses are reportedly growing their profits. Is yours one of them? If not, it may be because you’ve yet to structure your business to optimize growth.

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Topics: Small Business Growth, Strategic Planning, 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, Business Accountant, Pricing

Why You Should Be Using Personal Branding to Promote Your Business

Posted by Leanne Armstrong on Apr 3, 2019 9:00:00 AM

As far as your clients are concerned, you are your company. So doesn’t it make sense to capitalize on whatever it is you bring to the table? Making use of personal branding to promote your business is a great way to take a more active role in its direction and growth.

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Topics: Marketing Small Business, Inbound Marketing, Branding, Growth Coach

From Open to Close: A Journey Through the Small Business Accounting Cycle

Posted by Leanne Armstrong on Mar 27, 2019 9:00:00 AM

From open to close, the accounting cycle is a series of steps that lets you collect and organize bookkeeping data in a way that clearly shows your company’s changing financial position. As a small business owner, you can benefit from a basic understanding of how the accounting cycle works, even if you don’t perform your own bookkeeping duties.

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Topics: Small Business Growth, Bookkeeping Professional, Growth Coach, Profit Coach

Why Pursuing Perfectionism May Be Costing Your Business Money

Posted by Leanne Armstrong on Mar 20, 2019 9:00:00 AM

There’s an epidemic sweeping our nation, and its name is perfectionism. The last few decades, says social psychologist and perfectionism expert Thomas Curran, have seen a disturbing increase in our drive to be perfect in body, mind, and career. But the reality is that perfection is an impossible objective by definition – the compulsive pursuit of which can, among other things, compromise your health, your goals, and your company’s bottom line.

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Topics: Business Efficiency, Scaling A Business, Delegating, Growth Coach