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Kyle Smith – Financial Excellence for Small Business
Episode 424th June 2024 • Becoming Preferred • Michael Vickers
00:00:00 00:35:04

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Episode Overview:

Get ready to unlock the secrets to financial empowerment and work-life harmony with my guest, Kyle Smith. As a financial expert committed to empowering small and medium-sized businesses, Kyle brings unparalleled transparency and guidance to the table. His advocacy for fostering a healthy work-life balance within teams while emphasizing the critical role of financial controls in both professional and personal spheres is nothing short of inspiring. 

Today, we delve into the art of achieving financial stability and harmonizing work and life, where invaluable insights and game-changing strategies await. Get ready to supercharge your financial acumen and nurture a harmonious work-life dynamic as we embark on this transformative journey with my guest, Kyle Smith. 

Guest Bio: 

Kyle Smith, CPA, a finance graduate from UT McCombs School of Business, is deeply committed to helping small and medium-sized businesses thrive. He began his career in Austin, gaining experience as an accountant and Controller for various bar and restaurant groups. His passion for guiding SMBs led him to earn his CPA and specialize in cost management accounting as Director of Finance at Celis Brewery.

Kyle’s journey continued at Scalefactor, a software development company, where he advised clients across various industries. His ultimate aspiration was realized when he became a co-partner at Strata Cloud Accountants. Kyle specializes in working with business owners to align personal and company goals and help teach businesses the financial acumen needed to hold themselves accountable to those goals. All with the mission to help businesses and business owners be more profitable.

Strata Cloud Accountants was born from a collective vision among friends who shared work philosophies and principles. Their values center around family and freedom, aiming to provide clients with financial freedom and their team with a strong work-life-family balance.

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Insight Gold Timestamps:

02:50 I had a secret aspiration to be a professional poker player

05:01 We really had the mission of aligning people's goals with the goals of the business

06:28 A big thing for people is doing too much too fast

07:38 If I just spend 30 minutes a month on one area of the business

10:02 Mike Tyson said, you have a plan until you get punched in the face

11:20 It takes passion

14:23 What are the common pitfalls businesses encounter?

16:36 And that timing is super, super tough

19:34 Which brings us to KPIs

22:22 Dennis Rodman played for the Chicago Bulls

25:08 Should we have more than one account?

27:24 Are you correctly priced?

29:13 A lot of people don't know the leverage that they have

30:38 When's the time to go into debt? 

Connect Socially:

LinkedIn: https://www.linkedin.com/in/kyle-smith-cpa-9582038a/

Facebook: https://www.facebook.com/stratacloudaccountants

Instagram: https://www.instagram.com/stratacloudaccountants/

Email: Kyle@StrataCloudAccountants.com

Sponsors: 

Rainmaker LeadGen Platform Demo: https://bookme.michaelvickers.com/lite/rainmaker-leadgen-platform-demo

Rainmaker Digital Solutions: https://www.rainmakerdigitalsolutions.com/

Resources: https://becomingpreferred-podcast.com/resources/

Next Episode: Mastering Marketing - Strategy & Insights with Jarrod Lopiccolo!

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