Universal Accounting Center Receives 2020 Best of Salt Lake City Award


Universal Accounting Center Receives 2020 Best of Salt Lake City Award

Salt Lake City Award Program Honors the Achievement

SALT LAKE CITY June 15, 2020 — Universal Accounting Center has been selected for the 2020 Best of Salt Lake City Award in the Business Development Accounting Services category by the Salt Lake City Award Program.

Each year, the Salt Lake City Award Program identifies companies that we believe have achieved exceptional marketing success in their local community and business category. These are local companies that enhance the positive image of small business through service to their customers and our community. These exceptional companies help make the Salt Lake City area a great place to live, work and play.

Various sources of information were gathered and analyzed to choose the winners in each category. The 2020 Salt Lake City Award Program focuses on quality, not quantity. Winners are determined based on the information gathered both internally by the Salt Lake City Award Program and data provided by third parties.

About Salt Lake City Award Program

The Salt Lake City Award Program is an annual awards program honoring the achievements and accomplishments of local businesses throughout the Salt Lake City area. Recognition is given to those companies that have shown the ability to use their best practices and implemented programs to generate competitive advantages and long-term value.

The Salt Lake City Award Program was established to recognize the best of local businesses in our community. Our organization works exclusively with local business owners, trade groups, professional associations and other business advertising and marketing groups. Our mission is to recognize the small business community’s contributions to the U.S. economy.

SOURCE: Salt Lake City Award Program

Salt Lake City Award Program
Email: PublicRelations@2020city-top-selection.net
URL: http://www.2020city-top-selection.net

How to Become an Entrepreneur Without Quitting Your Day Job . . . Yet

There’s plenty of reasons why one should consider becoming an entrepreneur. For one thing, the prospect of being one’s own boss is extremely compelling, as are the flexibility to do what you wish with your time and the freedom to work wherever you want. For another, it can also be quite a grand adventure as you will undoubtedly learn countless lessons, both good and bad, as you run and grow your business (or, heaven forbid, fail at it). 

But of course, not everyone has the luxury, resources, and even courage to plunge head-on into entrepreneurship. For most people, taking baby steps and testing the waters is a lot more preferable, if only to keep a steady income from employment and other sources coming in. So if you’re not quite ready to give up your day job just yet, but also want to find out if you’re cut out for the exciting new world of business, here are some of the best tips.

Know what you want to do.

First thing’s first—before starting a business, it only makes sense to know what kind of venture you want to go into. Choosing the right business for you is, therefore, a crucial step, which is why you need to spend some time with your thinking cap on.

Many people go into business because they’re chasing a passion. While this can potentially work, the reality is, it can also be a mistake. This is because as you’re faced with the myriad responsibilities of running a business, you could invariably find yourself veering further and further from something you love; hence, extinguishing that flame and, subsequently, the motivation. 

Possibly a better way of going about it is by starting a business based on what you’re good at. For instance, perhaps you’re an accounting professional or a marketing person or a technical writer. You can easily leverage your core skills and offer them as services because you already know the nitty-gritty. 

Start part-time.

Again, quitting your day job may not be an available option for you at the moment, but don’t let it stop you from pursuing the business you had in mind. These days, the gig economy makes it possible for just about anyone to go into business for themselves by offering their services part-time. And best of all, it’s easy enough to get started, too. There are, in fact, several online job boards where you can create a profile and connect with potential clients, which is undoubtedly a great start.

On the flip side, the part-time, gig economy works to your favor, too. For instance, running a business means that you’ll need to stay on top of your financials, which can be a challenge, if you’re not well-versed in accounting. Thankfully, you don’t need to hire someone full-time (and pay employment taxes) to take care of your accounting needs, as you can easily hire a CPA through a job site like Upwork—that is, someone who’s qualified in accounting practices and tax laws and well-versed in QuickBooks and other accounting software.

Have the right setup.

Finally, in order to really get your business off the ground, you’ll want to make sure that you have the right setup and tools to operate. This will, of course, vary. If you’re a bookkeeper or a copy editor or a coder, for example, you will undoubtedly need a good computer and maybe even a home office.

Starting a business for the first time can be daunting, but there’s really no requirement to go all out, all in. So go ahead and move at your own pace because success waits for those who move toward it.

Written by

Derek Goodman

Set Your Sights on a Successful Accounting Career

Embarking on a new career is always emotional.  Obviously, you’re excited, and at the same time, it’s daunting knowing you need put yourself in a position for long-term success.  Here’s how to set yourself up for a satisfying and prosperous career in accounting.

Embrace professionalism

A career in accounting hinges on more than your ability to accurately crunch numbers.  As someone others will entrust with their finances, how you present yourself is of paramount importance.  Honesty and trustworthiness will weigh heavily on your success.  With that in mind, embrace a mindset of being a professional on all fronts.  Think in terms of reputation management, and keep your image pristine both in your personal interactions and on the web.  Polish your social media accounts and be conscientious of how others might perceive what you post and how you respond to people.

Choose your style

Many people believe accountants are quiet, behind-the-scenes workers.  However, Career Trend points out people of various personality types can be successful as accountants.  In fact, they cite studies noting accounting professionals are often extroverts.  Bear in mind it’s important to be able to discuss details, concerns, and future goals relating to the accounts you’re addressing.  It’s crucial to develop solid communication methods for working with peers and clients.  Be sensitive to your clients and their needs, and maintain a human connection.  Some experts point out there are a number of different job types, so as you climb the ladder, look for opportunities that help you blossom, whether sitting behind a computer most of the time, or in a meeting room.  Whatever suits you best can be your niche.

Learning and growing

When it comes to advancing your career, there is no substitute for on-the-job experience.  It’s a chance to develop an impressive resume as you advance through various stages.  It shows you’re able to manage real-world deadlines, workplace dynamics, and can handle the hurdles that come along with the job.  There are times when it’s necessary to make your own opportunities.  If you’re struggling to find the right window for broadening your skills, or you can’t seem to find an open a door, one way forge a path is through volunteering.  As The Muse explains, it looks great on your resume, you can expand your network, and there are plenty of charities looking for volunteers to help with their ongoing bookkeeping duties.

Keep in touch

Throughout your career, it’s important to develop some networking strategies to help you stay abreast of industry trends, stay in touch with those who can help further your career, and connect with other professionals for ideas and support.  Also, when someone is directly or indirectly instrumental in helping you, whether a customer, mentor, or peer, be sure to acknowledge that assistance.  It’s a chance to reinforce the relationship, and everyone loves to be appreciated.  Also, consider making it part of your professional development routine to attend career-oriented events.  You can make new contacts, learn about changes in the field, and promote whatever you’re working on.

Put technology at the forefront

Portrait Of Mature Businessman Calculating Finance At Ofiice

We live in an electronic age, and the field of accounting is directly affected by technological trends.  As an example, embracing the cloud has a direct impact on accounting efficiency, as does automation.  Being able to send and pay invoices from anywhere, and doing so automatically, can be a game-changer for many businesses.  There are also numerous tech tools that are shaping the world of accounting.  Adaptive security can keep data safe and even anticipate risks.  Firms are using videos for outreach to clients, conversational platforms to ensure customer satisfaction, and digital recruiters to engage top candidates, just to name a few current trends.  Remain aware so your skills and knowledge are relevant.

Pursuing a career in accounting is exciting and full of unique opportunities.  As you face the challenges of advancing your journey, pay attention to trends, tend your connections carefully, and ensure others can see you as someone worthy of handling their finances.  You can ensure a successful and prosperous career when you base it on integrity, perseverance, and positive networking.

By Julie Morris

Julie Morris is a life and career coach. She thrives on helping others live their best lives. It’s easy for her to relate to clients who feel run over by life because she’s been there. After years in a successful (but unfulfilling) career in finance, Julie busted out of the corner office that had become her prison. Today, she is fulfilled by helping busy professionals like her past self get the clarity they need in order to live inspired lives that fill more than just their bank accounts. When Julie isn’t working with clients, she enjoys writing and is currently working on her first book. She also loves spending time outdoors and getting lost in a good book.

Qualify Your Clients for the BizBench Top 10% Award

BizBench Top 10 Logo 300Instead of just producing financial statements that report the past, imagine what difference it would make to you and your clients if your mutual objective was to get them to the top 10% of their industry for businesses their size for overall business performance as measured by the key Return on Assets?

You can achieve this now with BizBench!

The Importance of Recognizing Excellence – Our Own Experience

When Universal started it’s incredible growth curve in 2004, we were awarded by the State of Utah Department of Economic Development the UTAH 100 Award, for being one of the 100 fastest growing companies in Utah, and looked forward each year to making sure we achieved it the following year as well. We now have hanging on our Wall of Fame, a whole string of awards for that and each subsequent year.

UAC Wall of Fame

Roger Knecht, President of Universal, proudly displays UAC’s 6 year run of Utah 100 Awards, and our 5 year run of Inc. 500/5000 awards.

Then in 2006, we were awarded by Inc. Magazine the Inc. 500 award for the first time for qualifying as one of the fastest growing companies in the United States Again we were motivated to do everything possible to continue to receive these awards. Today we have hanging on our Wall of Fame, a line of Inc. 500/Inc. 5000 awards.

The BizBench Top 100% Award – An Evolution of Excellence

Since 2001, we have been using BizBench as a tool to manage our key financial performance metrics as a business, one of the major contributing factors to receiving the awards above. We valued this tool so much that in 2012 we purchased BizBench, and in 2013 we reintroduced it to the marketplace.

We have just launched BizBench 2.0 this year. It is now available to you as an accountant, consultant, business owner, or business executive to be that powerful tool to move from exigency to excellence! We found that it doesn’t take any more work to manage a well run business that it takes to run a struggling company, and often it’s much easier.

So we are excited to make an announcement:

We are launching an award of our own – The BizBench Top 10% Award!

Top 10 Certificate Acme SampleThis is available to any business for which a BizBench Report verifies that they are in the top 10% of their industry by NAICS code in Return on Assets.

Return on Assets (ROA) measures management’s effective use of the entire asset base to generate profit. The ratio is computed by dividing Pre-tax Net Profit by Total Assets, and then expressing that number as a percentage.

This is an extremely important ratio where the higher the return, the more effectively all assets are being used to generate profits. The ratio is a good indicator of management’s ability to conduct profitable operations. It is particularly critical for a company’s initial growth phase they have a high return on assets.

Does your business or a client’s business already qualify for this award? It’s impossible to know for sure unless you know the statistical distribution for similar businesses in the same industry.

BizBench takes a company’s key data from the Income Statement (profitability) and the Balance Sheet (equity), calculates, tabulates, graphs and explains over 50 key RMA Logomeasurements including ROA, and then compares each one to the statistical distribution of scores for each for a particular NAICS code and range of business size, using the respected Risk Management Association (RMA) database of business financials for the previous year. BizBench details the specific percentile achieved in each measurement. It provides specific suggestions for corrective actions in each area.

Virtually all measurements affect and culminate in ROA, and BizBench shows what the levers of the business are, where to find them, and how to operate them to reach the top 10% ROA for your industry.

If you are an accountant or business consultant using BizBench, you will receive an award as well as each client scoring in the 90th percentile or above for ROA. Imagine a wall of fame with many of your clients’ awards handsomely displayed for prospective clients to see. Imagine the focus it gives both you and your clients. Imagine the opportunity it gives you to reward your clients who follow your direction to make their companies great!

If you a business owner or executive, imagine the pride and motivation involved in knowing and SHOWING to the world that you are in the Top 10% of businesses of your size in your industry by NAICS code. Imagine what that could mean to your prospective clients, existing clients, vendors, lenders, and prospective partners. You will get a handsome award to display.

Order BizBench today and start getting your clients on board your ride to the top 10%!

 Visit http://www.BizBench.com for more information or to download actual sample reports, or to subscribe to BizBench and start working your clients to the Top 10%!

Preparing a Stellar Presentation

Rear view of a business man giving a speech at a seminarWith all the high-tech gadgets and gizmos intended to make presentations captivating, the majority of them still tend to fall flat, leaving many nodding themselves to sleep at conference tables around the world.  How can you ensure that your message gets the attention it deserves?  Here are 5 simple tips to help you create an engaging business presentation:

  1. Know your audience. Your message should be catered to your audience and that can’t happen until you know who your audience is. Consider who you’ll be speaking to, including their wants, needs and most pressing concerns.  Only then can you say something they actually want to hear.
  1. Don’t run long. While you may think all those bells and whistles are enough to carry an audience through an hour-long presentation, chances are they would get more out of one that is half as long. Less is often more.
  1. Keep it simple. From graphics to research to long-term projections, remember that your audience is probably better suited for the gist than the nitty-gritty. Trying to share everything you know about this issue will probably result in information overload.  Simplify and streamline your presentation so as to not overwhelm.
  1. Don’t get too fancy. Related to number three, this tip discourages the use of too many bells and whistles which can become distracting. When you use a cacophony of audio files, animation techniques, and even graphic backgrounds in your PowerPoint presentation, you make your audience dizzy.  Also distracting (and difficult to read) can be those fancy fonts.
  1. Be Yourself. The most important thing is for you to be yourself.  Relax, be personable and don’t do anything that feels uncomfortable or unnatural.  You’ll find that this one tip, in and of itself, will help the audience warm up to you more than any other.

You’ll find you become more at ease with making presentations the more often you do them.  The experience will help you become more confident and comfortable promoting yourself and your business.  Not only that, but it will make you more at ease when interacting with clients as well.

Let Universal Motivate Inspire Your Entrepreneurial Spirit

If you’d like to watch expert presenters in action, invite UAC’s motivation speakers to attend a special event, conference or office retreat.  Universal Accounting Center has some exceptional presenters on staff who can motivate you and your team to excel.  With a number of individuals experienced in a variety of topics, they can help you better serve your clients, better market your practice, and better grow your wealth.  Learn more about Universal Accounting Center’s speaker and book one for your next event!

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