Diana Miret
Question # 16: How can I grow my business?
I hear this question from clients a lot at the beginning of the year. Everyone wants to grow their business and find the fastest way to...
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Diana Miret
- Jan 24, 2022
- 1 min
Question # 15: What is "margin" and why should I care?
Question # 15: What is "margin" and why should I care? 1. You’ll be able to pinpoint areas where your business is struggling By running...
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Diana Miret
- Jan 17, 2022
- 1 min
Question # 14: How can I DOUBLE my profit?
Did you know that if you Increase sales by 17%, you can double your profit? Yep. If increasing sales is one of your business’s goals for...
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Diana Miret
- Jan 10, 2022
- 3 min
Question # 13 - What is my break-even?
(this is a post from a respected writer - see below). Use This Formula to Calculate a Breakeven Point (for a product based business)...
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Diana Miret
- Jan 3, 2022
- 1 min
Question # 12: How can I increase my profit?
To get a 25% increase in your Net Profit you simply need to make a: ● 1% reduction in your fixed expenses ● 1% reduction from...
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Diana Miret
- Dec 27, 2021
- 3 min
A year-end question from your CFO: What financial habit do you have that is no longer serving you?
At the end of a year, we tend to ask ourselves questions about the goals we wish to achieve in the coming year. I support spending a day...
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Diana Miret
- Dec 20, 2021
- 2 min
Question # 11: When should I hire my first employee?
The answer is simple: when you have the time, money, role and onboarding process carefully detailed. It's simple, but not necessarily...
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Diana Miret
- Dec 13, 2021
- 1 min
Question # 10 – Is it wrong to charge personal expenses to the business?
Wrong? Sometimes. Ill advised. Yes. From our friends at the IRS: Question I'm a sole proprietor and pay personal expenses out of my...
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Diana Miret
- Dec 6, 2021
- 1 min
Question # 9: How can I have more cash flow?
There is 1 key component to cash flow: money coming in must be greater than money going out. At all times - not just at the end of the...
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Diana Miret
- Nov 29, 2021
- 1 min
Question # 8 - How do I know if my services are profitable?
CFO Rule of Thumb: 80% of your profits should be coming from 20% of your services. Short and sweet. If you need help figuring out how...
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Diana Miret
- Nov 22, 2021
- 1 min
Question # 7: How much should I spend on growing my business?
Rule of Thumb: Every dollar spent on growth must produce 5 dollars in revenue. It's called the 5X rule. Successful, growing businesses...
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Diana Miret
- Nov 15, 2021
- 2 min
Question # 6 - My biz is small. Do I need a separate bank account?
Short answer: HELL YES! One of the most important things you can do as a small business owner is to separate your business from your...
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Diana Miret
- Nov 8, 2021
- 4 min
Question # 5 - What is my business worth? It's not on the Profit & Loss!
The Balance Sheet is the true scorekeeper of your business. Photo by Rachel Claire from Pexels One of the most dangerous health...
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Diana Miret
- Nov 1, 2021
- 1 min
Question # 4: Should I show a profit in the business?
You may assume that you "should" make a profit. But have you asked yourself why? Let me be clear: YOU MUST MAKE A PROFIT Because profit...
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Diana Miret
- Oct 25, 2021
- 2 min
Are you a Powerful Woman?
Women view power VERY differently than men. Men tend to associate power with what they can own and command. Women tend to associate...
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Diana Miret
- Oct 25, 2021
- 2 min
Question # 3: How much should I spend on getting a new customer?
The value of a customer should be three times more than the cost of acquiring them. If we spend too much money chasing customers, it...
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Diana Miret
- Oct 18, 2021
- 1 min
Question # 2: What business numbers should I look at weekly?
If you only have 30 minutes a week to look at your numbers, I recommend the following 5 numbers to watch weekly and track. I understand...
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Diana Miret
- Oct 11, 2021
- 1 min
Question # 1 - How much cash should I keep in the business's operating account?
I recommend keeping 1.5 times your monthly expenses in the operating account and 3 times the monthly operating expenses in a separate...
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Diana Miret
- Oct 4, 2021
- 2 min
Question # 32 - Have I paid the DUMB TAX?
Photo by Michal Matlon on Unsplash No one likes to feel dumb. I hate feeling dumb. But I have done dumb and I will bet you have too. ...
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Diana Miret
- Sep 30, 2021
- 2 min
Are your habits sabotaging your profits?
Or to say it another way, are YOU getting in your own way of making the money you want? "Well that's ridiculous, Diana, of course I am...
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