Kyle Smith: Mastering Unit-Level Profitability

Money Talk with Yu, hosted by Jerry Yu

Does this sound familiar? You're a small or medium-sized business owner, struggling to find a balance between work and personal life while also trying to maximize your profits. You may have been told to work longer hours or sacrifice personal time for the sake of your business, only to find that it's taking a toll on your well-being and not yielding the financial success you desire. If this resonates with you, it's time to explore more effective strategies for achieving work-life balance and financial success as a business owner.

About Kyle Smith:

Kyle Smith, CPA, is a dedicated champion of small and medium-sized businesses. Beginning his career in Austin, he honed his skills as an accountant and Controller for various bar and restaurant groups. Kyle’s journey continued at Scalefactor, where he advised clients across diverse industries. His ultimate ambition was fulfilled when he became a co-partner at Strata Cloud Accountants, where he provides top-tier advisory and CFO services. Strata Cloud Accountants was founded on shared principles, focusing on family and freedom to grant financial independence to clients and foster a healthy work-life-family balance for their team.

On today’s Fortify Your Financial Kingdom, Kyle and Jerry discuss how to:

• Maximize your profits with unit-level profitability strategies.
• Achieve a harmonious work-life balance as a business owner.
• Gain a competitive edge through financial education for your business.
• Streamline your business operations with remote accounting services.
• Master the art of simplifying metrics for business success.

Key Takeaways:

• Maximize Profits with Unit-Level Strategies

These tactics, rooted in the idea of optimizing individual units within a broader business structure, can tremendously increase overall efficiency and therefore profitability.

• Achieve Work-Life Harmony as Owner

The ability to maintain this harmony enables business owners to stay engaged, motivated, and innovative.

• Gain a Competitive Edge through Financial Education

As Kyle Smith shows, this knowledge can simplify complex accounting processes and highlight meaningful metrics, resulting in improved strategic direction and financial success.

“We have to be profitable at the unit level. That's the biggest thing I learned."

— Kyle Smith

Contact Kyle:

Strata Cloud Website: https://stratacloudaccountants.com/

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

About the host, Jerry Yu:

Jerry Yu, a retirement and income strategist, specializes in aiding individuals aged 50 and older facing retirement challenges. He designs customized financial blueprints to safeguard retirees' savings from longevity risk, inflation, and sequence-of-returns concerns. Jerry's expertise includes guiding those through the critical "Retirement Red Zone," offering insights on supplemental lifetime income streams, and implementing strategies to counter inflation. His mission is rooted in rectifying the misconception that wealth accumulation strategies are the same as those for spending down assets in retirement, ensuring a secure financial descent for retirees.

Contact Jerry:

Website: www.reignfinancialservices.us

Linkedin: www.linkedin.com/in/jerry-yu-4a293430/

Facebook: www.facebook.com/reign.financial.insurance

Instagram: www.instagram.com/reign.financial

YouTube: Search for “Jerry Yu – The Family Money Doctor” (https://www.youtube.com/channel/UCe8Nv41YuU_iIvKe7XKhaoA)

Office: 500 Technology Dr., #300. Irvine, CA 92618

Work: [phone]

Cell: [phone]

Email: [email protected]

Show notes by Podcastologist: Hanz Jimuel Alvarez

Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it.