Ep 250 Profit & Process with Michael Straza
Profit Answer Man: Implementing the Profit First System!
Release Date: 01/02/2025
Ep 264 Profitable Exits How to Build and Sell For Maximum Value with Cameron Bishop
Profit Answer Man: Implementing the Profit First System!
Profitable Exits: How to Build and Sell For Maximum Value with Cameron Bishop Are you sitting on the edge of explosive business growth—but don’t know how to scale profitably or exit wisely? Want to know how the pros turn $7 million companies into $400 million powerhouses while pocketing $100 million in profit? In this episode of The Profit Answer Man, we sit down with Cameron Bishop, a serial acquirer, turnaround expert, and strategic advisor who’s bought, built, and exited dozens of businesses. From the front lines of private equity deals to the nitty-gritty of turnaround...
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Ep 263 A Profitable Legal Strategy for Your Business with Jeff Holman
Profit Answer Man: Implementing the Profit First System!
A Profitable Legal Strategy with Jeff Holman Is your professional service firm just a glorified job? Are you stuck in the time-for-money trap, wondering where the profit is? In this eye-opening episode of the Profit Answer Man, we sit down with Jeff Holman, a serial entrepreneur and attorney who cracked the code on building true profitability into a law firm—without working 80 hours a week or billing by the hour. If you're running a service-based business, this episode is a masterclass in aligning cash flow, value creation, and scalable legal support. You’ll hear how Jeff...
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Ep 262 Turn Your Business into a Freedom Machine with Leslie Hassler
Profit Answer Man: Implementing the Profit First System!
Turn Your Business into a Freedom Machine with Leslie Hassler Scaling a business is the dream of many entrepreneurs, but for most, it turns into a nightmare filled with burnout, financial struggles, and inefficiencies. What if there was a way to grow and scale profitably without sacrificing your health, sanity, and freedom? On this episode of The Profit Answer Man, we sit down with Leslie Hassler, founder of Your Biz Rules, to discuss how entrepreneurs can create predictable profits, sustainable growth, and a thriving business—without the common pitfalls of burnout. Leslie shares her...
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Ep 261 Increase Profit and Cash Flow with Paul Maskill
Profit Answer Man: Implementing the Profit First System!
Increase Profit and Cash Flow with Paul Maskill Are you a business owner looking to scale your operations without drowning in the chaos of daily management? Paul Maskill, a seasoned entrepreneur and financial expert, joins us on The Profit Answer Man podcast to reveal how systematizing your business can lead to sustainable growth and financial freedom. With years of experience in owning and selling service-based businesses, Paul now serves as an outsourced CFO, helping blue-collar businesses create predictable, positive cash flow. If you’re tired of feeling like your business owns you...
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Ep 260 From Startup to Multi-Million Dollar Brand with Matt McLean
Profit Answer Man: Implementing the Profit First System!
From Startup to Multi-Million Dollar Brand with Matt McLean What does it take to turn a backyard business into a nationwide brand? How do you scale profitably while staying true to your mission? And what are the biggest mistakes entrepreneurs make when growing their companies? This week on The Profit Answer Man, we dive deep with Matt McLean, founder and CEO of Uncle Matt’s Organic, America’s top-selling organic orange juice brand. With distribution in 20,000+ stores nationwide, including Walmart, Whole Foods, and Kroger, Matt has mastered the art of scaling a business while...
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Ep 259 Profitable Entity Structures with Alex Langan
Profit Answer Man: Implementing the Profit First System!
Profitable Entity Structures with Alex Langan In this episode of The Profit Answer Man, we sit down with Alexander Langan, an attorney and financial advisor who brings a unique perspective to wealth management and strategic financial planning. As the Chief Investment Officer of Langan Financial Group, Alex is well-versed in helping business owners build sustainable financial strategies. Our conversation covers the importance of aligning financial, tax, and legal strategies, the impact of business entity structures on profitability, and how business owners can adopt a Profit First...
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Ep 258 Scaling Success: Transforming Your Business into a Powerhouse with Courtney De Ronde
Profit Answer Man: Implementing the Profit First System!
Scaling Success: Transforming Your Business into a Powerhouse with Courtney De Ronde Welcome to another insightful episode of The Profit Answer Man! In this episode, we sit down with Courtney De Ronde, CEO of Forge Financial and Management Consulting, to discuss the crucial intersection of financial management and business growth. Many businesses struggle not with generating revenue but with understanding what their numbers mean and how to take action on them. That’s where Courtney and her Simple ScaleUp System™ come in, helping business owners move from financial confusion to...
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Ep 257 The Most Important Numbers and Drivers with Lee Benson
Profit Answer Man: Implementing the Profit First System!
The Most Important Numbers and Drivers with Lee Benson Welcome to another episode of The Profit Answer Man, where we dive deep into the strategies and mindsets that drive business profitability and sustainable growth. Today, we’re joined by Lee Benson, a serial entrepreneur who has successfully built and sold multiple businesses, including a nine-figure exit to Textron. Lee brings decades of experience in business strategy, leadership, and value creation. His passion for helping organizations increase their impact and profitability is evident in his work as the CEO of Execute...
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Ep 256 Scaling Businesses Across Industries: Lessons from a Serial Entrepreneur with Philip Taylor
Profit Answer Man: Implementing the Profit First System!
Scaling Businesses Across Industries: Lessons from a Serial Entrepreneur In this episode of The Profit Answer Man, we sit down with Philip Taylor (PT), a CPA turned entrepreneur, to discuss his journey in building multiple successful businesses. From launching a finance blog in 2007 to creating major conferences like FinCon and TravelCon, and now running a CPA firm for content creators, PT shares his insights on diversification, adapting to industry changes, and maintaining profitability. If you're an entrepreneur looking to build multiple income streams, navigate the shifting...
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Ep 255 The Psychology of Growing Profit with Matthew Stafford
Profit Answer Man: Implementing the Profit First System!
The Psychology of Growing Profit with Matthew Stafford Welcome back to The Profit Answer Man! In today’s episode, we sit down with Matthew Stafford, a self-made entrepreneur who went from pouring concrete to optimizing Shopify stores with data-driven strategies. Matt shares his journey of transformation, the power of mindset, and the tools and systems that have helped countless businesses scale. Prepare to gain actionable insights that will revolutionize how you approach e-commerce, profitability, and breaking through mental barriers. In this episode you will learn: Breaking...
info_outlineProfit & Process with Michael Straza
In the world of business, profitability and efficiency often stand as the ultimate goals. Yet, many business owners struggle to harmonize their operational processes with financial clarity. In this episode of The Profit Answer Man, we dive deep into the strategic insights and transformative approaches offered by Michael Straza, a seasoned Fractional COO/CFO with over 25 years of diverse business experience. Michael’s unique ability to bridge the gap between operations and financial management offers a fresh perspective on how business leaders can optimize processes for long-term profitability.
In this episode, you will learn:
- The Intersection of Operations and Finances: Discover why understanding both operational processes and financial numbers is crucial for business growth.
- Diagnosing Hidden Problems in Financial Statements: Learn how to identify process inefficiencies that impact profitability, often hidden behind the numbers.
- Labor Efficiency as a Key Metric: Explore strategies to measure and enhance labor efficiency for improved gross profit.
- Aligning Teams for Financial and Operational Success: Understand how to unify operational and financial goals for cohesive team performance.
Key Takeaways:
- Operational Issues Often Mask Financial Problems: Michael shares how processes directly influence the P&L and why business leaders must dig deeper into their operations when the numbers don’t align with expectations.
- Bridging Communication Gaps: Operations and finance often speak different languages. Michael emphasizes the importance of translating these perspectives for better decision-making and alignment.
- Labor Efficiency as a Diagnostic Tool: Evaluate whether inefficiencies lie in people, processes, or pricing by calculating labor efficiency ratios and aligning team efforts.
- Empowering Leadership through Process Awareness: By understanding the operational story behind financial statements, leaders can make more informed and strategic decisions.
About Michael Straza:
Michael Straza is an accomplished Fractional COO/CFO, entrepreneur, and strategic thinker. Over his 25+ year career, Michael has operated in industries ranging from tech to healthcare, helping businesses streamline processes and achieve financial clarity. His focus lies in bridging the gap between operational systems and financial insights, ensuring businesses achieve sustainable growth and scalability. Learn more about Michael and his work at ConsultStraza.com.
Conclusion:
Aligning operational excellence with financial clarity is a game-changer for any business. As Michael Straza demonstrates, the key lies in digging deep into processes, bridging communication gaps between teams, and leveraging metrics like labor efficiency to drive profitability. Whether you're scaling your business or fine-tuning existing systems, integrating these principles can lead to significant, measurable results.
Links:
Website: https://www.consultstraza.com/
LinkedIn: https://www.linkedin.com/in/michaelstraza/
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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