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Salt Lake City Bookkeeping Blog

Applying for a Loan? Don’t Let These Common Mistakes Get in Your Way

Posted by Leanne Armstrong on Sep 19, 2018 9:00:00 AM

Whether starting or expanding a business, capital is key. If you’re planning to approach a bank or similar institution for funds to back your idea or finance your growth, you’ll need a solid loan application in hand – one that can weather a thorough review.

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Topics: Small Business Funding, Growth Coach, small business loan

Need Funding? Let’s Look at Debt vs Equity Capital

Posted by Leanne Armstrong on Jun 20, 2018 9:00:00 AM

Entrepreneurs often take it for granted that the financing they need to get and keep their ventures afloat will come directly from the revenues they generate. But in many cases, your income won’t be enough to keep pace with what’s needed to support your operations. Some small businesses turn to debt or equity capital as a source of financial help. So let’s take a brief look at whether it might be better to pay with cash interest or with company stock for the funds that can help your business succeed.

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Topics: Business Funding, Small Business Funding, Equity Partner

Starting a Small Business in the Tech Sector? You May Be Entitled to Government Funding

Posted by Matt Roberge on Mar 10, 2017 9:00:00 AM

The tech sector is responsible for considerable job growth and is an important part of keeping our nation innovative and competitive on a global scale. Because of the importance of tech businesses, the government makes a number of funding options available for them — and you don’t have to be a big business to qualify. In fact, there are a number of grants and funding options specifically geared for tech professionals starting a small business.

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Topics: Small Business, Small Business Funding

Solid Bookkeeping - The Key To Growing And Exiting A Business

Posted by Matt Roberge on Sep 29, 2015 7:00:00 AM

Having a solid bookkeeping system in place is the key to growing a small business and implementing an exit plan. A great idea will get you going, but it won't necessarily lead to huge growth and an eventual exit. 

Growing a business takes a great idea, a strong strategic plan, and a way to measure your progress (i.e., bookkeeping). Seasoned consultants will often tell you to start with the end in mind; they are right. A good strategic plan starts with an end goal, which for many business owners is an exit. I will explain how a solid bookkeeping system will allow you to grow your business to a new level and execute an exit plan.

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Topics: Bookkeeping Services, Small Business Growth, Exit Planning, Small Business Funding, Small Business Mentor, Equity Partner, Business Acquisition, Growth Coach

How To Properly Raise Money For Your Small Business

Posted by Matt Roberge on May 14, 2014 7:00:00 AM

One thing I learned from the Goldman Sachs 10,000 Small Businesses Program was how to properly raise money for your business.  I didn't think I would ever want funding for our business, but now I know the value of getting funding and how to go about it.  I absolutely believe I could bootstrap many of the ideas I currently have, but I know that funding can accelerate the process and increase my chances of success.  I am by no means an expert on raising money as I have never done it, however I do have some thoughts on how to properly raise money for your small business.

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Topics: Financial Reports, Financial Advice, Investor Bookkeeping, Investing, Business Funding, Small Business Funding