Diana Miret
Be aware: If you don't prioritize your profit, someone else will take it
My experience with small business owners is that profit is an after-thought. A brief moment when they open the email from their...
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Diana Miret
- Feb 13, 2023
- 3 min
Question # 34: Do I need a financial team?
Do you have a team of people that you have hired to serve as your financial advisory team? The bigger your business gets, the more you...
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Diana Miret
- Jan 30, 2023
- 2 min
Question # 33: How much should a new customer cost me?
Most business owners have NO idea what it costs to acquire a single customer in their business. Nope. None. My name is Diana Miret and I...
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Diana Miret
- Jan 23, 2023
- 2 min
Your business makes millions - congrats! Are you keeping any of it?
Great business owners get rich. They are successful in business because they know how to run the business end of their business. They...
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Diana Miret
- Jan 14, 2023
- 2 min
As a CFO I see business owners make this one mistake EVERY SINGLE DAY.
This mistake can cause a business to implode in under 1 year. 2 / 3 of businesses do not survive 5 years and I believe this is the number...
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Diana Miret
- Dec 18, 2022
- 1 min
Will AI impact Bookkeeping and Accounting? - just my opinion
Yes. But that does not mean it will go away - I believe it will become more about data analytics rather than repetitive tasks. According...
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Diana Miret
- Jul 18, 2022
- 1 min
Question #32: What number should I be tracking?
Most business owners are in the dark about 90% of what's going on with their finances. After years of sacrifice, effort, and hard work,...
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Diana Miret
- Jun 30, 2022
- 1 min
Question #31: A recession is coming. What should I do?
Great question. A recession is indeed coming and this is an opportunity. My recommendation is three-fold: Part One: List the BASIC...
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Diana Miret
- Jun 13, 2022
- 1 min
Question # 30: But what does a CFO actually DO for me?
A chief financial officer is one of the most important members of your financial team. CFOs supervise financial and accounting...
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Diana Miret
- Jun 6, 2022
- 1 min
Question # 29: Do I need a Part-Time CFO?
Here are the signs that your business needs a Part-Time CFO Given the financial complexities even small businesses face, the services of...
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Diana Miret
- May 30, 2022
- 1 min
Question # 28: What is the KEY to profitability?
Two words: productivity. It is not about how many people you have, if they are highly paid, or if they're lower wage, entry level...
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Diana Miret
- May 23, 2022
- 1 min
Question # 27: Budget or Forecast?
A budget is a license to spend; a forecast is your roadmap to profitability. When I speak to my clients, the most common thing I hear is:...
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Diana Miret
- May 16, 2022
- 1 min
Question # 26 - "Hey, I made $100K, shouldn't I see $100K in the bank?"
I get this one A LOT! I cannot tell you where every dollar went, but the moneys gone because you either spent it, bought some assets and...
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Diana Miret
- May 9, 2022
- 3 min
“Diana, I am so stressed out and tired by my business, I just want to close it down and get a job.”
This was the comment made by a successful business owner on a recent coaching call. This business makes good money, shows a respectable...
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Diana Miret
- May 2, 2022
- 1 min
Question # 25 - I need to increase my profit! Tell me how.
To get a 25% increase in your Net Profit you simply need to do the following things: 2% savings from business expenses 1% increase in...
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Diana Miret
- Apr 18, 2022
- 1 min
Question # 24: Fixed or variable expenses - which is better?
What happens to your income when revenues go down? Does your income go down? Substantially? So you’re humming along doing $100,000 per...
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Diana Miret
- Apr 11, 2022
- 1 min
Question # 23: I am not paying myself and proud of it
Some business owners think that not paying themselves is a "badge of honor". When I dig into their books for a minute, I see that they...
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Diana Miret
- Apr 4, 2022
- 1 min
Question # 22: Let's Talk Prices
One of the fastest, most overlooked ways to break through a money plateau, is to adjust your pricing. It may sound obvious; but for many,...
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Diana Miret
- Mar 28, 2022
- 1 min
Question # 21: I have a bookkeeper. What else do I need to do?
Monitor your books yourself. This is an obvious practice, but a very important one. Do your best to set aside time each day or month to...
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Diana Miret
- Mar 21, 2022
- 1 min
Question # 20 - I'm running out of cash and there is still month left. Help!
Have a good billing strategy. Every business owner has a client that is consistently late on its invoices and payments. Managing small...
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