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Salt Lake City Bookkeeping Blog

Open for Business: Everything You Need to Know About Preparing Your Books Pre-Revenue

Posted by Leanne Armstrong on Apr 4, 2018 9:00:00 AM

Launching a new business? Great! Books prepared and ready to go? If your answer to that is any version of “not so much”, you should probably delay the impulse to throw open your doors.

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Topics: Start A Business, Startup, small business startup, QuickBooks Setup

5 Things To Know If You Are Considering Opening A Small Business

Posted by Matt Roberge on Sep 1, 2016 7:07:51 AM

Are you thinking about starting a small business but you have some concerns that are causing you to hesitate? You are not alone because opening a small business is not for everyone; and it's not easy! 

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Topics: Start A Business, Small Business Coach, Business Start Up, Growth Coach

How To Solve A Startup's Toughest Challenge

Posted by Matt Roberge on Dec 22, 2015 7:00:00 AM

Do you think that the number one problem that startups face is lack of money? I think you could also make a case that the biggest problem for startups is lack of time. Startups often have a great idea and a top notch team, but will hit the common roadblocks of finding time and money.

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Topics: Entrepreneurship, Business Start Up, Start A Business, Startup, Raising Business Capital

How To Generate And Implement A Great Business Idea

Posted by Matt Roberge on Aug 13, 2015 7:30:00 AM

I love enthusiastic entrepreneurs who come up with business ideas. I have patiently listened to many, many different business ideas from entrepreneurs full of hope and energy. Yet many of these great ideas fail to come to fruition. Why is that? I really don’t believe that most are bad ideas; I think that most people don’t know how to properly execute their ideas. Here are my thoughts on how to generate and implement a great business idea.

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Topics: Starting A Business, Business Ideas, Scaling A Business, Business Start Up, Start A Business, Startup

Why Do People Start A Small Business?

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

I was recently asked to be the guest speaker at a SLC SCORE monthly meeting.  I was honored to speak at a monthly meeting of extremely successful local business owners that I admire.  They wanted me to talk about being a scholar in the Goldman Sachs 10,000 Small Businesses Program.  During the meeting the SCORE chapter chairman stood up to make some announcements.  During the announcements he said something that made the whole room chuckle including myself.  He said, "We get a lot of people that tell us they want to start a small business for more flexibility, more money, less hours and no boss breathing down their neck!"  That made me laugh to myself a bit and I noticed most everyone else was also chuckling.  I think I had those thoughts when I started my own business but soon found out the reality.  So are those ideas crazy? What is the reality of starting your own small business?

Flexibility

Many small business owners start their own business with the idea that they will get a ton of flexibility in their lives.  Sure, that is true to a degree but you have to be very careful and maintain your focus, especially when you are just starting up.  If starting a small business were so easy then everyone would do it, right? Believe me having the flexibility to take my dog for a walk, hit the gym or go for a few ski runs during my day is a huge part of why I am in business.  However, I am very sure to stay focused and make that time up to both my business and myself.  If you find that you are constantly giving yourself flexibility in your small business then you will never get anything done and you may put your business in jeopardy of failing.  As a small business owner take the perk of flexibility, just don't take it too far.

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