On this episode of the CFO Mission podcast, Phil Mazur talks about the three main functions of a business: production, profit, and protection. He stresses how important these functions are in relation to sales, marketing, operations, and finance. Phil also points out the CFO's role in small businesses, especially in the protection aspect, which covers legal, insurance, taxes, accounting, and business entity setup. He advises business owners to recognize the value of the accounting and finance function and not just see it as a cost. Phil urges businesses to take protective measures seriously for improved productivity.

"Business owners, you want to live in the production pillar as much as possible. This is where you grow, this is where you have fun, this is where you're putting your vision into action." - Phil Mazur

What you will learn:

• The production pillar

• The trap of promoting someone to lead operations 

• Effective Time Allocation for Small Business Owners

• Importance of Protection in Business 

Learn more about Phil Mazur by visiting:

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On this episode of "The CFO Mission," Phil Mazur shares his extensive experience as a fractional CFO, having worked with more than 100 businesses. Phil dives into the common challenges confronted by business owners, including inconsistent accounting practices and ineffective leadership. He emphasizes the significance of tailored solutions and understanding the CFO's role to prevent resource wastage. Phil also discusses the different sub-functions within the finance department and the CEO's need to comprehend and take charge of these areas. He urges business owners to assume control of their finances, while underscoring the importance of defining what a CFO truly means for their particular business.

"CFOs are not responsible for your results." - Phil Mazur

What you will learn:

• What is a CFO?

• Common challenges faced by business owners

• The fractured relationship between a CEO and a CFO

• Setting Expectations for the CFO Role

Learn more about Phil Mazur by visiting:

Website

Facebook

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YouTube

On this episode of the CFO Mission podcast, Phil Mazur explores the idea of hitting singles versus home runs in different aspects of life. He stresses the significance of taking small steps and focusing on making steady progress rather than striving for big accomplishments. Phil shares personal experiences from his own life and offers practical guidance on how to apply this concept to relationships, fitness, pursuing a spiritual connection, and business. He motivates listeners to embrace the notion of hitting singles and consistently taking small actions towards their goals in order to achieve success in all areas of life.

"Hitting singles inside your purpose will transform your life, no doubt." - Phil Mazur

What you will learn:

• Hitting singles vs. home runs

• Finding your purpose

• Transforming life through singles 

• Playing the game and winning big

Learn more about Phil Mazur by visiting:

Website

Facebook

Instagram

YouTube