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Salt Lake City Bookkeeping Blog

Have You Structured Your Business to Optimize Growth?

Posted by Leanne Armstrong on Apr 17, 2019 9:00:00 AM

Scaling a small company can be challenging. But despite current politics and worker shortages, a record level of small U.S. businesses are reportedly growing their profits. Is yours one of them? If not, it may be because you’ve yet to structure your business to optimize growth.

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Topics: Small Business Growth, Strategic Planning, Growth Coach

Don't Wait for Disaster to Strike Before Planning Your Business Recovery

Posted by Leanne Armstrong on Nov 7, 2018 9:00:00 AM

How prepared is your business to recover when disaster strikes? Having a detailed plan in place to resume operations with as little disruption as possible is a must. Yet statistics suggest that 75% of small businesses operate without a tried and tested disaster recovery plan. As a result, almost half of these companies will be forced to close their doors during an unexpected event, and only 25% will ever reopen.

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Topics: Strategic Planning, Growth Coach, small business plan

How to Breathe New Life into Your Business Plan

Posted by Leanne Armstrong on Jul 11, 2018 9:00:00 AM

If your small business is showing the signs of long-term success, chances are good a solid plan was involved. But no company can afford to become complacent about its accomplishments. Your business is a dynamic entity, and your strategy must continually evolve to reflect that. So, when’s the last time you stopped to breathe new life into your business plan?

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Topics: Exit Planning, Strategic Planning, Growth Coach, business plan

Harnessing the Relationship Between Bookkeeping and Business Strategy

Posted by Leanne Armstrong on Jun 6, 2018 9:00:00 AM

Effective accounting strategies are vital for business growth. In fact, gathering, recording, and analyzing your company’s financial information is the best way to gain valuable insight into your short-term and long-term operations.

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Topics: CFO Consulting, Strategic Planning, Growth Coach

Reviewing Our Key Business Decisions

Posted by Matt Roberge on May 16, 2018 9:00:00 AM

We have been in business for over 11 years now. Over that time period, we have made some great decisions that have led to successes and also some terrible decisions that have led to failures. 

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Topics: Strategic Planning, CEO Advice, Growth Coach, Decision Making

What’s the Difference Between Bookkeeping and Accounting?

Posted by Leanne Armstrong on Apr 18, 2018 9:00:00 AM

The terms bookkeeping and accounting are often used interchangeably, but there are some key differences that distinguish one from the other. While both functions play essential roles in managing your company’s finances, it’s important to understand the nature of their relationship, and how bookkeeping and accounting ultimately work together to ensure the success of your business.

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Topics: Outsourced Accounting And Bookkeeping, CFO Consulting, Strategic Planning, Growth Coach

How to Evaluate That Business Opportunity Like a Pro

Posted by Leanne Armstrong on Mar 7, 2018 9:00:00 AM

Aspiring business owners and established entrepreneurs alike can find it hard to resist the urge to explore new opportunities! But whether that means expanding your current line-up of products and services – or launching an entirely new venture – the key to success lies in evaluating each business opportunity with care.

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Topics: Financial Reports, Strategic Planning, Growth Coach, Profit Coach

Wealth Planning: How to Make Your Money Work as Hard as You Do

Posted by Leanne Armstrong on Oct 4, 2017 9:00:00 AM

Small business owners have a knack for starting out with a goal and doing whatever it takes to achieve it. But while many entrepreneurs are great at building businesses, some are less proficient at protecting the wealth they’ve created. Once your business has established a solid cash flow, you should be thinking about how to make your money work as hard for you, as you do for it.

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Topics: Entrepreneurship, Exit Planning, Strategic Planning

4 Reasons Why Goal Setting is Easier than You Think

Posted by Matt Roberge on Dec 7, 2016 9:00:00 AM

One of the very best reasons for setting goals, whether in business or in your personal life, may just be the fact that if you don’t know where you’re going, you could end up somewhere you don’t want to be. Mapping out your objectives not only keeps you on track for where you want to get to, it lets you tweak your direction as events and circumstances within your business change and evolve. Goal setting is a powerful process that can help entrepreneurs to navigate their way through brand new territory. And the very process of setting a goal often serves as a highly motivating force that can assist in defining exactly what it is you want to accomplish.

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Topics: Financial Forecasting, Business Goals, Strategic Planning, Growth Coach

Making Tough Choices in Ten Minutes or Less

Posted by Austin Walker on Jul 14, 2016 8:30:00 AM

As small business owners, we invest a lot of time and energy into making daily decisions. While some of those decisions, like debating which font to use on a business card, aren’t terribly consequential, others can have widespread ramifications and may involve anything from implementing budget cuts to investing in new products or services.

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Topics: Small Business, Strategic Planning, Decision Making