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Salt Lake City Bookkeeping Blog

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

15 Non-billable Tasks That Will Grow Your Small Business

Posted by Matt Roberge on Sep 17, 2014 7:00:00 AM

As your business evolves it is important that you stay on task to grow your small business. Many small business owners get caught up in the day to day operations rather than focusing on big picture tasks. If your mentality is that only you can do every task correctly then you are going to hit a serious roadblock while growing your business. Some business owners believe that handling as much billable work as possible will result in the highest profit margin since there is no overhead. The difficulty with that mentality is you can only do so much. Non-billable time is extremely important and critical if you are serious about growing your business. Here are 15 non-billable tasks that will help your small business grow quickly.

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Topics: Small Business Owner, non-billable time, Financial Reporting, Small Business Growth, Grow Your Business, Business Process, Scaling A Business, Business Management

Small Business Owners: Don't Let Your Monday Ruin Your Sunday

Posted by Matt Roberge on Aug 25, 2014 7:00:00 AM

I was coming home from one of many amazing fishing trips of this summer with my wife and my friend Kyle. Kyle is a great friend of mine and a partner in Harvest Solar MT out of Bozeman, Montana. I respect Kyle for many reasons. By choice he lives off the grid, he is an incredibly hard worker, and one funny guy. So we are driving home on a Sunday evening from a four day float out of the wilderness just outside of Glacier Park in northwest Montana. It was getting late in the evening and all three of us had to work on Monday morning. We were all starving but I didn't really want to delay our drive home. I kept asking Kyle if he cared if we stopped or if he wanted to get home. Kyle responded, "Don't let your Monday ruin your Sunday bro." Kyle's statement has stuck with me for the past several weeks and I have found that taking this advice to heart really helps.

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Topics: Small Business Owner, Small Business Management, Small Business Growth, Life Work Balance

Consistency In Your Small Business Pays Off

Posted by Matt Roberge on Aug 20, 2014 7:00:00 AM

Staying consistent with many different aspects of your small business can really pay off in the long run. I got the idea for this blog when I was fishing a few weeks ago on a particularly good morning. On the morning of July 28, 2014 I was coming off of a week of vacation so I was at my desk early catching up. About 8 am I looked outside to see a blizzard of bugs (good for fly fishing) and went outside to take a look. There were so many bugs I had no choice but to grab my rod and go fish. I had one of the best mornings of fishing of the summer. I continued to fish just about every morning for the two weeks following that and never had the same banner morning. However, I learned a lesson that can benefit your small business; staying consistent can really pay off.

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Topics: Small Business Owner, Small Business Management, Small Business Growth, Small Business Consulting, Marketing Small Business, Small Business Referrals

Breaking The Norm In Your Small Business

Posted by Matt Roberge on Aug 8, 2014 7:00:00 AM

Today’s small business seems to break the norm and tradition that businesses once had. It’s not at all a bad thing, just an observation. Most business people would live near a city, dress up nice and commute to work each day. Things are changing; today’s small business is breaking and redefining normal.

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Topics: Small Business Owner, Work From Home, Small Business, Inbound Marketing, telecommute

How Smart People Run Small Businesses

Posted by Matt Roberge on Aug 1, 2014 7:00:00 AM

You know how really smart people run their businesses? Everyone has a business colleague that they admire; most have several. It is just something about the way they run their business; it's just smart. You admire them because they are running their business the right way and you wish you knew the magic formula. Here are a few ways I think that smart people run their businesses. 

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Topics: Small Business Owner, Small Business Management, Small Business Growth, Business Process, Scaling A Business

Small Business Lessons From My Goldman Sachs Cohort

Posted by Matt Roberge on Jun 23, 2014 7:00:00 AM

I've written a lot about it lately but in case you missed it I was a scholar of the Goldman Sachs 10,000 Small Businesses program.  I completed the program almost six weeks ago but still think about my experience often.  I have been spending quite a bit of time out of the office lately first on a long overdue honeymoon in Kauai and then on a seven day 100 mile river float on the middle fork of the Salmon River.  However, small businesses and entrepreneurs are always on my mind no matter what I am doing so I have been busy taking notes and brainstorming for this post.  I think I finally have my thoughts together so here are my five big takeaways from my experience in the Goldman Sachs 10,000 Small Businesses program.

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Topics: Small Business Owner, Financial Reports, Financial Reporting, Small Business Growth, Small Business Consulting, Small Business, Goldman Sachs 10k Small Businesses

Realizing Your Mistakes As A Small Business Owner

Posted by Matt Roberge on Mar 17, 2014 6:00:00 AM

If you are a small business owner and you have never made a mistake then congratulations because you are the first person ever to do this.  It is important to identify your mistakes as a small business owner, correct them and learn from them.  It can be tough running your own business especially if this is your first time doing so.  I have experienced some huge ups and downs in my own small business ownership career.  Some days you couldn't be happier and other days you just want to give up.  Here are four mistakes I have made as a business owner and what I have learned.

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