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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...
Diana Miret
Nov 29, 20211 min read


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...
Diana Miret
Nov 22, 20211 min read


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...
Diana Miret
Nov 15, 20212 min read


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...
Diana Miret
Nov 8, 20214 min read


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...
Diana Miret
Nov 1, 20211 min read


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...
Diana Miret
Oct 25, 20212 min read


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...
Diana Miret
Oct 25, 20212 min read


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...
Diana Miret
Oct 18, 20211 min read


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...
Diana Miret
Oct 11, 20211 min read


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. ...
Diana Miret
Oct 4, 20212 min read


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...
Diana Miret
Sep 30, 20212 min read


If your business could talk, what would it say?
Stay with me for a second ... I know it sounds like a silly question. But just for a moment, think about it. What would your business...
Diana Miret
Sep 23, 20212 min read


7 Things You Need to Know to Manage New Business Costs Guest post by Jim McKinley
When you’re first starting in business, there are bound to be a few expenses. If you’re not prepared for these startup costs, you could...
Diana Miret
Sep 20, 20213 min read


Do you compare your businesses numbers to other "healthy" businesses?
When you go for your annual physical, the nurse takes a set of vital signs, or measurements. They take your temperature, blood pressure,...
Diana Miret
Mar 8, 20213 min read


Do you give yourself a paycheck?
Well-meaning and excited people tend to go into entrepreneurship for more “freedom” and money. In my experience, they don’t get NEITHER...
Diana Miret
Mar 1, 20213 min read


Business Lessons I Learned From COVID
COVID is a business disruptor. I pray that soon, the COVID-19 global pandemic, will be something most of us will forget. It’s hard to...
Diana Miret
Feb 22, 20213 min read


Do you still love your business?
That may sound like a silly question, but I believe it is everything. Do you love your business? Or have you fallen out of love with it?...
Diana Miret
Feb 14, 20211 min read


Women view power differently than men
This impacts every area of their lives, including money. As a business coach, I work with CEOs and Business Owners every day. I observe...
Diana Miret
Feb 1, 20212 min read


Which numbers to track for my business?
There are numbers and there are NUMBERS. Some matter more than others. Some matter to you but not to your accountant. Some are required...
Diana Miret
Jan 10, 20213 min read


7 Problems Preventing Your Business From Being Profitable
(portions of this article appeared in Entrepreneur magazine) There are many reasons to become an entrepreneur, but no matter what yours...
Diana Miret - The Business Coach
Jan 5, 20213 min read
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