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Salt Lake City Bookkeeping Blog

Essential Tips to Help You Think Like an Entrepreneur and Grow Like an Employee

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

Do entrepreneurs really approach business so very differently from the average employee? The short answer is yes. And the most accomplished business owners are often the ones who have mastered the delicate balancing act between entrepreneurial and employee-like attributes.

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Topics: Entrepreneurship, small business startup, Starting A Business, Growth Coach

6 Ways to Make your Good Idea Great

Posted by Austin Walker on Feb 10, 2016 8:30:00 AM

Enthusiastic entrepreneurs can be some of the most exciting people in the world. Their enthusiasm drives their business, the ideas they produce can improve even the worst problems, and the thirst to solve problems is unquenchable. These are the people that would agree that there is a method to implementing a new idea, and building a business around it. Although there is not a clear, concrete method that works for all, there is definitely a general direction that works well. Here's how Salt Lake City Bookkeeping feels it goes.

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Topics: Starting A Business, Business Ideas, Business Mentoring, lean startup, market research

Starting a Small Business the Right Way

Posted by Matt Roberge on Feb 9, 2016 8:00:00 AM

If I ever start a business again, I will do so many things differently. You learn a lot when you start a small business from scratch; both what to do and what not to do. A lot of what you learn about starting and running a small business comes from the school of hard knocks. In hindsight, the act of starting a business is a much easier task than moving forward when you are in the weeds of actually starting up. Here is my advice on how to start a business the right way.

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Topics: Starting A Business, Exit Planning, Startup, Growth Coach

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

5 Reasons You Need A Great CPA For Your Small Business

Posted by Matt Roberge on Jul 23, 2015 7:30:00 AM

If you don't currently have a rock star CPA, you need one right away. When we are dealing with a new SLC bookkeeping client, one of the first things we ask them is whether they have a CPA. If they do, we get their contact info and if they don't, we ask them if they want a referral to one of our trusted CPA contacts. I have learned through my own experience and in working with our clients that a solid CPA is critical to the success of your business. Here are five reasons you need a great CPA.

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Topics: Starting A Business, Tax Preparation For Year End, Tax Tips, Tax Compliance, CPA

Putting Your Small Business In A Logical Order

Posted by Matt Roberge on Aug 15, 2014 7:00:00 AM

When you started your small business did you set things up in a logical order? Most entrepreneurs find out the hard way that there is a logical order to setting up your small business. Most businesses start out so small that they don't think it is important or worth the time and money to set up their business the right way from the beginning. Like most new entrepreneurs they focus on sales and making money because otherwise they will be broke and their business will fail. If they have success they find out later that they may not have set up their business the best way from the beginning. This often results in lots of consulting to restructure the business and fix all the mistakes that were made. Here is some advice on setting up your business correctly from the beginning and handling things in a logical order.

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Topics: Starting A Business, Small Business Growth, Business Process, Scaling A Business, Business Start Up

From Corporate America To Small Business Employment

Posted by Derick Beauregard on Mar 12, 2014 7:00:00 AM

Today's guest post is from Derick Beauregard who has contributed to our blog in the past.  Derick recently accepted a job with Inbound Design Studio as a Project Manager and is excited to join the small business workforce.  

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Topics: Entrepreneurship, Small Business, Starting A Business

If Starting A Small Business Were Easy Everyone Would Do It!

Posted by Matt Roberge on Oct 16, 2013 7:00:00 AM

Does it make sense that if starting your own small business were easy then everyone would do it? Offering bookkeeping services to various very small businesses is like having a non-stop education in entrepreneurship and starting a business.  We see a lot of different business approaches, owner personalities and outcomes.  There are two things that I think all successful small business owners have in common; a passion for what they do and the determination to succeed no matter what.  Since I started offering accounting marketing consulting services I have met with a lot of different people wanting to launch their own service.  They face the same main obstacle that anyone looking to start their own business does; it is very hard work.

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Topics: Entrepreneurship, Small Business Growth, Scaling A Business, Business Start Up, Starting A Business, Small Business Owner

6 Tasks The Small Business Owner Might Not See Coming

Posted by Matt Roberge on Aug 19, 2013 7:00:00 AM

As a small business owner starts to scale their business there are a number of tasks that come up that they might not expect.  Most entrepreneurs start out on their own because of a feeling that they are meant for this.   Entrepreneurs will claim they don’t have a choice; they are built to run their own business.  To some degree I can relate to that feeling.  Although, you can learn to start your own business, it’s much easier to do so if you have the burning desire.  Starting your own business is a very exciting time.  The idea is born, the business plan is written, actions are taken and you are off and running.  Your idea actually starts working and people are giving you money.   You are elated; you can’t believe your luck to be running your own business.  However, starting your own business has lots of curveballs as well.  Here are a few things the small business owner might not see coming when they start up.

The Difficulties Of Scaling A Business

It is very difficult to scale a business.  Product based businesses can be easier to scale than service based businesses, but no matter what, it's difficult to scale a business.   Many times business owners don’t have a business background to begin with.   Great business ideas can come from anyone.  Think about it, you are using a product or service and say to yourself “I wish it could do this.”  Bingo a new business idea is born.  If you wish a product could do something, most likely many other people have the same desire.  So you act on your thought and start a business.  Generating an idea is one thing, but turning a profit is another.   As you scale your business don’t be afraid to ask for help.  Nobody expects you to be an expert at every aspect of running a business.  Also, don’t lose vision of what you want from your business.  Not every idea has to become the next hot multi-billion dollar company.   

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Topics: Small Business Growth, Small Business, Scaling A Business, Starting A Business, non-billable time

Why Did You Start Your Business Anyway?

Posted by Matt Roberge on May 29, 2013 7:00:00 AM

So why did you start your business anyway?  Was it for money? Freedom?  The thrill?  All of these are common reasons for wanting to start a business.  In a typical one on one networking situation I am commonly asked these two questions: How long have you been in business?  How did you start your business? When I tell the story of how and why I started my business it is a pretty entertaining story that results in a response of "wow that is pretty cool."  I realized that I have a unique start up story that people actually enjoy.  So why did I start my business?

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