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Salt Lake City Bookkeeping Blog

How to Foster More Profitable Vendor Relations

Posted by Leanne Armstrong on Dec 5, 2018 9:00:00 AM

Like many strategic business alliances, the advantages of investing in better vendor relations aren’t always immediately evident from a bottom line point of view. But the reality is that regardless of the business you're in, suppliers and service providers play a key role in keeping your company profitable.

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Topics: Vendor Relationships, Vendor Selection, Growth Coach, Small Business Growth, Scaling A Business

Employees Can Be Expensive - Read This Before You Hire

Posted by Leanne Armstrong on Oct 24, 2018 9:00:00 AM

Has your business reached the point where hiring an employee or two seems like the right move? Working with a regular team means you’ll always have someone on hand to perform key business tasks when they’re needed. But personnel doesn’t come cheap. Before making the decision to hire, take some time to explore what employees really cost – above and beyond the wages you pay them.

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Topics: Employee Costs, Small Business Growth, Scaling A Business

Want a Great Company Culture? Avoid These Hiring Mistakes

Posted by Matt Roberge on Oct 18, 2018 11:52:14 AM

A great company culture can resonate through many areas of the organization, creating a collaborative and supportive community that ultimately bolsters the bottom line. A great company culture is what creates words like “synergy” that everyone strives for, but no one truly understands until they’ve seen it in action.

So what’s the secret sauce for creating a great company culture? Getting the right people in the right role within your company and avoiding these common hiring mistakes.

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Topics: Business Culture, Hiring, Scaling A Business, sourcing employees, Employee Costs

4 Key Areas of Operations You Should Never Ignore

Posted by Leanne Armstrong on Jul 25, 2018 9:00:00 AM

There are a handful of important functions that drive the average small business, including strategy, marketing, finance, and operations. Your success depends on creating and growing a company with a thorough understanding of all of these elements. But today we’ll focus on the 4 key areas of operations you’ll want to pay close attention to.

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Topics: Scaling A Business, Growth Coach, Business Process

Want to Know Who You’re Up Against? Conduct a Competitive Analysis!

Posted by Leanne Armstrong on Nov 8, 2017 9:00:00 AM

What makes your business stand out in today’s market? Unfortunately, many entrepreneurs try to answer that question without first finding out what their competitors are up to! Going into business without solid market research and a plan is like trying to build a house without a blueprint.

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Topics: Competition, Competitive Analysis, Growth Coach, Scaling A Business

6 Surprising Reasons Why You Need a Business Mentor

Posted by Leanne Armstrong on Oct 18, 2017 9:00:00 AM

Small business owners invest a lot of blood, sweat, and tears into getting their organizations up and running. And while some will eventually succeed without the help of a mentor, having one or more experienced guides by your side can give you an enormous advantage. From insightful advice to moral support, mentors are prepared to share their wisdom with you on an ongoing basis.

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Topics: Business Mentoring, Business Coach, Growth Coach, Scaling A Business

Is Your Small Business Ready to Migrate to the Cloud?

Posted by Leanne Armstrong on Aug 30, 2017 9:00:00 AM

Companies large and small are discovering the advantages of migrating their operations to the cloud. Most of these benefits revolve around saving money, improving flexibility, and staying competitive.

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Topics: Cloud Storage, Cloud-Based Accounting, Scaling A Business, Growth Coach

Stop Trying To Be An Expert In Everything And Scale Your Small Business

Posted by Matt Roberge on Jun 22, 2017 9:00:00 AM

I want to share one of my favorite exercises that I do when I start consulting with a small business. The exercise is pretty simple: Write down all of the tasks you do on a weekly basis. I typically drop this on them at the end of a session and make it a homework assignment.

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Topics: CEO Advice, Growth Coach, Business Vision, Scaling A Business

5 Benefits of Opening a Franchise Business

Posted by Matt Roberge on Sep 14, 2016 9:00:00 AM

Have you ever thought about opening up a convenience store, such as 7-11, or a restaurant such as McDonald’s? If so, you’re probably familiar of the concept of franchising. When you open a franchise, you pay a fee and the franchiser supplies you with the products, training and support you need to run your business.

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Topics: Business Start Up, Business Goals, Small Business, Scaling A Business

5 Characteristics Of A Scalable Business

Posted by Matt Roberge on May 19, 2016 8:30:00 AM

When entrepreneurs start a business, all they think about is how to grow it. What are the characteristics of a scalable business?

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Topics: Small Business Growth, Scaling A Service Business, Scaling A Business, Growth Coach