E11: Financial Clarity for Entrepreneurs with New Light Solutions
Episode Overview
In this episode of Getting to the Bottom Line, Stephanie Smith is joined by her husband and co-owner of New Light Financial Solutions, Kris Smith, for an inside look at how their business helps small and medium-sized business owners achieve financial clarity and success. Together, they break down the role of an outsourced CFO, explain their signature “One Clear Path” process, and share how they help clients simplify financials, focus on key drivers of revenue, profit, and cash flow, and stay on track with actionable plans. This candid conversation highlights their mission to partner with business owners, demystify financials, and support long-term growth and profitability.
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Show Notes
Stephanie and Kris Smith, co-owners of New Light Financial Solutions, team up to share their mission of simplifying business finances and empowering business owners to achieve their goals. In this episode, they unpack their role as outsourced CFOs, detail their six-step “One Clear Path” process, and explain how they help clients focus on what matters most to improve their bottom line. Whether you’re struggling with understanding your financials or looking for a partner to guide you toward growth, this episode offers valuable insights and actionable steps for taking control of your business finances.
What You’ll Learn in This Episode:
- What an outsourced CFO is and how it benefits businesses of all sizes.
- How the “One Clear Path” process helps business owners set goals, identify problem areas, and create actionable plans for growth.
- Why financial clarity and accountability are crucial for business success.
- The importance of customizing success benchmarks based on your personal and business goals.
- Practical steps to simplify financials and avoid common pitfalls that cause many businesses to fail.
Key Takeaways:
- Simplify and Focus: Financials can feel overwhelming, but breaking them down into actionable steps and focusing on key drivers makes a big difference.
- Set Clear Goals: Business and personal goals should guide your financial strategy, ensuring you know where you’re going and how to measure success.
- Accountability Matters: Having a trusted partner to hold you accountable and keep you on track can transform your business.
- Customized Success: Every business is unique; success should be measured based on your specific goals, not someone else’s benchmarks.
- Prevention Is Key: Many businesses fail due to a lack of financial clarity. Proactively addressing your finances can help avoid costly mistakes.
Resources Mentioned:
- Book a Right Fit Call: Schedule a free consultation with Stephanie and Kris to see if their CFO services are a good fit for your business. Visit www.newlightfs.com.
Final Thoughts:
Your business finances don’t have to be complicated. By focusing on your goals, understanding your numbers, and partnering with the right experts, you can achieve the clarity and confidence needed to grow your business. Tune in for actionable advice and start simplifying your finances today.
