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5 Must-Measure KPIs for Maximizing Profitability with Kyle Smith
Manage episode 405144835 series 3312491
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In this episode, Kyle Smith delves into the intricate world of business finance, unveiling the transformative power of simplicity in tackling financial challenges. From a lime shortage reshaping a restaurant group's destiny to actionable advice for business owners on measuring and analyzing financial health, Kyle shares real-world scenarios highlighting the significance of net income, gross profit percentage, and net cash flow. Explore the practicality of Kyle's 5 Must-Measure KPIs—Revenue, Gross Profit %, Net Income, Net Income %, and Net Cashflow—applicable to businesses of all sizes. Don't miss out on the crucial insights and real-world examples that Kyle shares, demonstrating how measuring these KPIs can drive business pivots and lead to more significant profits.
More about Kyle:
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.
Connect with Kyle:
https://stratacloudaccountants.com/choreography
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