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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

Alternative Financing: Stop-Gap Solutions for Every Business

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

Alternative financing may be your company’s best option when stop-gap infusions of cash are required. Unlike traditional bank loans - which can sometimes be challenging to qualify for - alternative funding sources like microloans, peer-to-peer financing, and merchant cash advances are relatively easy to come by.

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

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

Are You Guilty of Undervaluing Your Time?

Posted by Leanne Armstrong on Aug 29, 2018 9:00:00 AM

How much is your time really worth as an entrepreneur? Getting a business off the ground and growing it to the point where it becomes profitable takes a significant investment of hours. But you can’t realize anything close to a realistic return on that investment if you consistently undervalue your time.

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Topics: Small Business Owner, Growth Coach, non-billable time, Small Business Growth

5 Financial Warning Signs to Watch Out For

Posted by Leanne Armstrong on Aug 1, 2018 9:00:00 AM

Your company’s financial reports provide important clues about the monetary health of your business. Some of these clues manifest as financial warning signs. Becoming more familiar with your company’s financial statements not only helps you recognize many red flags, it lets you use them to make decisions that will divert trouble down the road. Here are 5 common financial warning signs to watch out for.

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Topics: Growth Coach, Small Business Growth, Cash Flow, Business Budgeting

Customer Experience Matters To Your Small Business

Posted by Matt Roberge on Apr 25, 2018 9:00:00 AM

I hope that as a small business owner you believe that the customer experience still matters, even though you are small. The customer experience matters even if you are a solo business owner. And you might think that if you are the only employee that you are in complete control of the customer experience; I would have to disagree. Let's dive into the details.

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Topics: Customer Relationship Management, Customer Success, Customer Experience, Small Business Sales, Small Business Growth

So, You Want to Franchise Your Business …

Posted by Leanne Armstrong on Mar 14, 2018 9:00:00 AM

Is your business just begging to be franchised?

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Topics: Franchise Business, Growth Coach, Small Business Growth

Hiring? Why You Need to Consider Background Screening

Posted by Leanne Armstrong on Sep 6, 2017 9:00:00 AM

As one of your greatest assets, your employees play an integral role in the success of your small business. So it only makes sense to devote a reasonable amount of time and effort to choosing just the right members for your team.

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Topics: Hiring, employee, Small Business Growth

3 Easy Growth Hacks Any Business Can Use

Posted by Leanne Armstrong on Aug 16, 2017 9:00:00 AM

If there’s one thing the modern business owner understands, it’s that growth is essential for long-term success and survival. Increasing your income and profits by increasing your customer base is what lies at the heart of every growth strategy. But many entrepreneurs are confused about the difference between marketing to attract new clients, and growth hacking.

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Topics: Growth Coach, Small Business Growth

Why Employees Are Your Greatest Asset

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

In business terms, an asset is an advantage, a strength, and something – or someone - that adds value to your enterprise. Typically, the more you invest in an asset, the more you can expect to gain. With that in mind, have you ever stopped to imagine where your business might be without the dedicated people who work with and for you?

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Topics: sourcing employees, Growth Coach, Small Business Growth