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Episode 17: The Power of Data on Company Management ft. Oscar Chavez

March 13, 2023

Episode 17: The Power of Data on Company Management ft. Oscar Chavez

“I think if you’re going to make that investment to bring in an advisor to give you the guidance, then you better implement what they have told you because you said it yourself, you couldn’t pay me enough.

You couldn’t afford me to come in and implement what I’m telling you. And so that’s where it’s the grit. It’s that sweat equity, I’ll give you the advice, but you have to be the one that pushes the buttons and implements it in your business.”

Andrea Jenson

Welcome to a brand new episode of the Cash Flow CFO Podcast. Joining me today is Oscar Chavez, an international keynote speaker, Amazon #1 bestselling author, entrepreneur, and Executive Leadership Coach to the ASX Top 100 CxO’s and ambassador for A21 Foundation. One of the things we discuss is how he effectively used fractional CFOs to assist their clients in achieving their goals and setting up the necessary tools to begin tracking the metrics. A fractional CFO is your secret weapon when you need financial skills beyond what your present team can provide. They will help you achieve your objectives. Without hiring someone full-time, you gain insightful information and concentration, which is undoubtedly advantageous for your company.

In this episode, we’ll also talk about Oscar’s transition from a singing career to his current position, the types of business owners he usually draws to the group, and the most important lessons he discovered while assisting and observing all these other enterprises.

“The thing that is still blocking most business owners, and again I hate to say this, but it’s “MINDSET”. It’s that willingness for accountability. It’s that discipline of going back to the action plan and going through that action plan, step one, step two, step three, and just doing it.

So, I feel like there’s a real lack of discipline there because they’re so stuck in the weeds that like whatever happens on a day-to-day basis just hits them and then they go focus on that thing and they’re just completely living a reactive life as a business owner. So, if business owners want to really scale themselves out of where they are, they really have to become proactive and they have to be really disciplined when it comes to planning and the execution of that plan.”

Oscar Chavez

The Power of Data on Company Management

Today, data may be more valuable to any organization than any single item. The volume and sophistication of data available have grown exponentially, becoming a valid driver of competitive advantage across all business sectors, even though accountants and those in charge of managing an organization’s finances have always relied on gathering and managing basic information. According to Andrea, a business that has solid, precise data will grow far more quickly than one that merely throws money at issues without trying to understand their causes. Businesses nowadays gather more data than ever from their operations, supplier networks, production processes, personnel interactions, and customers. Yet knowledge is more than just information. It will only be valid if data can be transformed into helpful insight and productive business results.

“A company that’s got good clean data is going to be able to grow at a much smoother rate than somebody who’s just throwing money at a problem, trying to fix it, and really doesn’t understand the root of the problem.

And so, it’s just this cycle that they go through.”