86: Unlocking Business Potential: How KPIs Can Boost Profitability with Kyle Smith

Welcome to Episode 86 of The Intentional Entrepreneur podcast! In this episode of The Intentional Entrepreneur podcast, I had a great conversation with Kyle Smith, a partner at Strata Cloud Accountants, about key performance indicators (KPIs) and their role in increasing business profitability. Kyle shared insights on the importance of understanding financial metrics like revenue, gross profit, net income, and net cash flow, and how they can provide valuable insights for business decision-making. Tune in and discover actionable insights to navigate financial challenges, harness the power of KPIs, and propel your business to new heights. In this episode, you'll discover: - Understanding and Analyzing Key Performance Indicators (KPIs) - Engaging Financial Expertise - Capital Raise and Financial Decisions - Benefits of Engaging a Financial Expert About Kyle Smith Kyle Smith, a CPA and UT McCombs School of Business graduate, is dedicated to helping SMBs prosper. He gained experience in Austin as an accountant and Controller, later becoming the Director of Finance at Celis Brewery. At Scalefactor, he advised clients across various industries. He co-founded Strata Cloud Accountants, specializing in aligning business and personal goals to increase profitability. Strata Cloud Accountants, founded on shared work philosophies, aims to provide financial freedom to clients and work-life-family balance to their team. Links mentions in this episode: https://stratacloudaccountants.com/ Bonus resource: https://stratacloudaccountants.com/intentional About Dan X Nguyen, Esq. Meet Dan X. Nguyen, Esq., the host of The Intentional Entrepreneur™ podcast. With a background as an attorney, author, and speaker, Dan brings a wealth of knowledge to the show. As the founder of CANEI™ law firm, he has helped many businesses overcome legal hurdles. But Dan's expertise extends beyond the legal field; as an entrepreneur himself, he understands the challenges of building a successful business. Tune in to The Intentional Entrepreneur™ podcast to gain valuable insights and strategies for thriving as an intentional entrepreneur. Join Dan as he interviews industry leaders and provides actionable advice for business success. Website: https://caneilaw.com/ FB: https://www.facebook.com/lodxn IG: https://www.instagram.com/boba.franchise.attorney/ YT: https://www.youtube.com/@theintentionalentrepreneur5973 and https://www.youtube.com/@LegalTipsForSmartEntrepreneurs LI: https://www.linkedin.com/company/law-office-of-daniel-x.-nguyen X: https://twitter.com/danxnguyenesq Don't forget to subscribe to the show on iTunes to get automatic episode updates for our "The Intentional Entrepreneur!" And, finally, please take a minute to leave us an honest review and rating on iTunes. They really help us out when it comes to the ranking of the show, and I make it a point to read every single one of the reviews we get https://bit.ly/TIEpodcast⁠ Thanks for listening! ______________________________________________________ Thanks to our sponsor Agent CRM Free 14 Day Trial: ⁠⁠⁠⁠⁠⁠https://www.agent-crm.com/?fpr=daniel-nguyen15⁠ • Agent CRM is your one-stop shop for all your marketing software. It replaces apps you’re currently using and keeps all the data in one roof.⁠ • Agent CRM protects you by recording all of your calls, saving your text messages sent and received from the system, and can even collect payment • Agent CRM is the software platform that I wish I had before, it has everything you need, and their team helps you get set up! • Agent CRM is like having an assistant that does your marketing for you - all of the automation and systems in place give you the peace of mind knowing your business is running without your manual labor, but also the marketing is done right because you give it your voice! Get your free 14-day trial: ⁠⁠⁠⁠⁠ https://www.agent-crm.com/?fpr=daniel-nguyen15