Profit Answer Man: Scaling with Profit First & Beyond Ep 252 Increase Profits while Working Less with Kyle Smith
Increase Profits While Working Less with Kyle Smith
This episode features a conversation with Kyle Smith, CPA, co-founder of Strata Cloud Accountants. With a unique journey from professional poker to strategic financial leadership, Kyle brings a wealth of insights into building scalable, profitable businesses.
In this episode, you will learn:
- Decision-Making Through Numbers: Kyle's journey from poker to finance shows the importance of probabilities and financial forecasting in driving business success.
- Lessons from Onboarding Small Businesses: Insights from Kyle’s time at ScaleFactor, where he worked with a high volume of businesses and observed patterns of success and failure.
- The Evolution of Accounting Services: How Kyle and his partners created Strata Cloud Accountants to prioritize client service and small business empowerment.
- Profit First Applications: How Kyle integrates Profit First principles to improve financial clarity and profitability for clients.
Key Takeaways:
- Align Goals with Financial Strategy: Understand how personal and company objectives can align to build a sustainable, fulfilling business.
- Probability-Based Decision Making: Use scenario analysis and financial forecasts to inform strategic decisions.
- Build Scalable Systems: Invest in systems and processes that grow with your business while keeping operations efficient.
- Empower Small Business Owners: Tailored accounting and CFO services can unlock new levels of profitability and ease operational burdens.
About Kyle Smith:
Kyle Smith, CPA, co-founder of Strata Cloud Accountants, transitioned from professional poker to becoming a financial leader. His early career included roles in consumer packaged goods and hospitality, giving him diverse experience. Kyle honed his expertise during his time at ScaleFactor, onboarding dozens of small businesses weekly and learning industry-wide best practices. Since 2020, Kyle has focused on empowering small businesses with high-touch financial services tailored to their unique needs.
Conclusion:
In today’s episode, Kyle Smith exemplifies how combining innovative strategies with financial principles like Profit First can lead to impactful results. Whether you're refining your business systems, aligning personal and professional goals, or learning how to scale effectively, there’s a wealth of actionable insights to implement.
Links:
https://stratacloudaccountants.com/pam
LinkedIn: in/Kyle-Smith-CPA
LinkedIn in/Strata-Cloud-Accountants
Facebook: /StrataCloudAccountants
Instagram @StrataCloudAccountants
Watch the full episode on YouTube: https://www.youtube.com/@profitanswerman
Sign up to be notified when the next cohort of the Profit First Experience Course is available!
Profit First Toolkit: https://lp.profitcomesfirst.com/landing-page-page
Relay Bank (affiliate link): https://relayfi.com/?referralcode=profitcomesfirst
Profit Answer Man Facebook group: https://www.facebook.com/groups/profitanswerman/
My podcast about living a richer more meaningful life: http://richersoul.com/
Music provided by Junan from Junan Podcast
Any financial advice is for educational purposes only and you should consult with an expert for your specific needs.
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