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Salt Lake City Bookkeeping Blog

Small Business Insurance: What Exactly Is It, and Do I Really Need It?

Posted by Leanne Armstrong on Dec 9, 2016 9:00:00 AM

Small business owners don’t always recognize that running a business of any type involves a certain amount of risk – even if the service you offer involves little more than a desk and a laptop. If you haven’t done so already, you should consider taking steps to protect both yourself and the enterprise you’ve worked so hard to create by investing in some form of small business insurance. With more than 100 million lawsuits being filed in US state courts every year, the cost of safeguarding your operations is a small price to pay for the peace of mind it will bring you.

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Topics: Small Business Owner, Small Business, Small Business Insurance

[Infographic] How to be an Integral Part of Budgeting and Forecasting

Posted by Austin Walker on Dec 2, 2015 8:07:06 AM

For some, it may be difficult to determine where you fit in with budgeting and forecasting for your small business.  Maybe you don't quite understand where exactly you fit in, or maybe the business doesn't even put together projections or a budget for the next fiscal year. 

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Topics: Small Business Owner, Small Business Management, Financial Forecasting, Business Budgeting, Entrepreneurship, forecasting

Why You Need To Let Others "In" To Your Small Business

Posted by Matt Roberge on Oct 6, 2015 7:00:00 AM

A lot of business owners are hesitant to let people "in" to their small business. What I mean is they want to keep certain details about their business as private information for authorized eyes only.

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

Small Business Owners - Why Are You Working Your Ass Off?

Posted by Matt Roberge on Sep 24, 2015 7:30:00 AM

Small business owners work their asses off to build a successful company. However, have you ever thought about why you are working your tail off?

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Topics: Small Business Owner, Small Business Growth, Scaling A Business, Business Goals, Team Building, Growth Coach

The Dangers Of Running A One-Person Business

Posted by Matt Roberge on Sep 10, 2015 7:30:00 AM

When most small businesses start, they usually have just one employee: the owner or founder. Some solopreneurs grow to the capacity of what they can handle on their own and are content. However, running a business as a solo operator comes with its share of risk. Here are my thoughts on the danger of running a one person business

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

Handling An Unlimited Workload - Getting Stuff Done In A Small Business

Posted by Matt Roberge on Sep 3, 2015 7:30:00 AM

If you are a successful small business owner, you are most likely handling an unlimited workload. What I mean is that the to-do list for most small business owners is never ending. You check one thing off and add five more. But it is important to note that there is a huge difference between working and getting stuff done. Many small business owners just tackle whatever tasks are in front of them rather than focusing on what actually matters in business. If you are handling an unlimited workload, here is how to manage it and actually get stuff done. 

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Topics: Small Business Owner, Business Efficiency, Small Business Growth, Grow Your Business, CEO Advice

How Does The New Small Business Differ From The Old?

Posted by Matt Roberge on Jul 7, 2015 7:30:00 AM

There is no doubt that the "new" small business differs from the old way a small business operated in the past. The internet and new technologies have changed a lot of things for the small business owner. Some would say that these changes are for the better and others would argue the changes have made things worse. 

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Topics: Small Business Owner, Remote Work, Small Business Vacation, Self Employment

Business Lessons from the School of Hard Knocks

Posted by Matt Roberge on Feb 26, 2015 7:30:00 AM

When I was growing up my grandfather always told me he went to the school of hard knocks. He didn't go to college he went to the army and served his country. He then worked his butt off for the rest of his life in everyday normal jobs providing for his family. He worked right up until the very last few weeks of his life. He was a great American that wanted nothing but a good life for his family.

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Topics: Small Business Owner, Small Business Growth, Grow Your Business, Scaling A Business, Exit Planning, Hiring, Small Business Mentor

Passion Can Blind You as a Small Business Owner

Posted by Matt Roberge on Nov 28, 2014 7:00:00 AM

I was at a networking event a while back and Karl Barndt said something that I immediately jotted down because I knew I would write about it. Karl was responding to someone and he said, "Absolutely, passion can blind you." His statement had not completely sunk in, but I wrote it down and told him I loved it.  I pondered it and now understand how passion can blind you when you are running your small business.

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Topics: Small Business Owner, Financial Reporting, Small Business Growth, Life Work Balance

4 Common Misconceptions About Your Small Business Bookkeeping

Posted by Matt Roberge on Sep 19, 2014 7:00:00 AM

Working with lots of different small business owners we see a lot of misconceptions about bookkeeping. Many business owners just don't have the education or background to understand small business financials. Other business owners truly don't care about their bookkeeping. When you are looking at your small business bookkeeping it is important to understand the system and where the numbers come from that create your financial reports. Here are four common misconceptions about small business bookkeeping.

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Topics: Small Business Bookkeeper, Cash Flow Management, Small Business Owner, Financial Reports, Financial Reporting, Small Business Bookkeeping