Ep 252 Increase Profits while Working Less with Kyle Smith
Profit Answer Man: Scaling with Profit First & Beyond
Release Date: 01/06/2025
Profit Answer Man: Scaling with Profit First & Beyond
Scale Without the Stress with Nick Keesey Ever feel like your business is running you instead of the other way around? You’re not alone—and today’s guest proves it’s possible to escape that trap and scale with less stress and more profit. Nick Keesey is a battle-tested entrepreneur who’s built multiple 6- and 7-figure businesses—and burned a few to the ground along the way. But instead of staying down, Nick turned failure into fuel, discovering how organization, clarity, and ruthless focus are the keys to sustainable business growth. If you’ve ever struggled with shiny...
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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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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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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...
info_outlineIncrease 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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