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  <title>271: How a CEO Masters Profit and Hospitality</title>
  <description>This episode is a must-listen for business leaders to learn actionable strategies for scaling ventures, fostering team loyalty, and navigating crises without layoffs. Discover why David’s empathy-driven leadership and his financial drive long-term success in his business. &amp;amp;nbsp; David Steele is the visionary CEO and co-founder of One Wealth Advisors, a $1 B+ independent RIA firm simplifying financial lives through holistic wealth planning and investment strategies. A serial entrepreneur and strategic leader, he drives innovation across industries, from wealth management to hospitality as co-founder of Flour + Water Hospitality Group, renowned for award-winning restaurants merging culinary excellence, sustainability, and community impact. &amp;amp;nbsp; Key Takeaways:   Passion Over Profit: Build ventures around interests, not just numbers. David’s restaurants and wealth firm thrive because they reflect his genuine enthusiasm, attracting loyal clients and customers.   Operational Efficiency: Revenue can mask inefficiencies. Prioritise systems over short-term gains&amp;amp;nbsp;   Delegate to Scale: Combat the “disease of non-scalability” by delegating low-risk tasks first. Use “osmosis learning.”   Empathy-Driven Leadership: Ask, “How is this person feeling?” David’s teams have low turnover because he creates safe, inspiring environments where employees grow   Financial Resilience: During COVID, David avoided layoffs by cutting executive pay 40% and leveraging disciplined spending habits   Resources:&amp;amp;nbsp; David Steel’s site: Https://davidsteele.xyz/   If you want to create a reliable cash flow for your business, I have some tools and resources that can help. &amp;amp;nbsp; Take the Profit Scorecard (3 minutes) and identify where you are leaking profit now – click here. </description>
  <author_name>Leading To Profit</author_name>
  <author_url>http://lifechangingquestions.libsyn.com/podcast</author_url>
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