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Question # 35 - How can I double my profit?

Diana Miret

Sep 151 min read

Question # 35 - How can I double my profit?

If increasing sales is one of your business’s goals for 2025, I have a few ideas on how to improve sales. The key is to do it by not...

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Be aware: If you don't prioritize your profit, someone else will take it

Diana Miret

Feb 22, 20232 min read

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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Question # 34: Do I need a financial team?

Diana Miret

Feb 13, 20233 min read

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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Question # 33: How much should a new customer cost me?

Diana Miret

Jan 30, 20232 min read

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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Your business makes millions - congrats! Are you keeping any of it?

Diana Miret

Jan 23, 20232 min read

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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As a CFO I see business owners make this one mistake EVERY SINGLE DAY.

Diana Miret

Jan 14, 20232 min read

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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Will AI impact Bookkeeping and Accounting? - just my opinion

Diana Miret

Dec 18, 20221 min read

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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Question #32: What number should I be tracking?

Diana Miret

Jul 18, 20221 min read

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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Question #31: A recession is coming. What should I do?

Diana Miret

Jun 30, 20221 min read

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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Question # 30: But what does a CFO actually DO for me?

Diana Miret

Jun 13, 20221 min read

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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Question # 29: Do I need a Part-Time CFO?

Diana Miret

Jun 6, 20221 min read

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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Question # 28: What is the KEY to profitability?

Diana Miret

May 30, 20221 min read

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, 20221 min read

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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Question # 26 - "Hey, I made $100K, shouldn't I see $100K in the bank?"

Diana Miret

May 16, 20221 min read

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, I am so stressed out and tired by my business, I just want to close it down and get a job.”

Diana Miret

May 9, 20223 min read

“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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Question # 25 - I need to increase my profit! Tell me how.

Diana Miret

May 2, 20221 min read

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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Question # 24: Fixed or variable expenses - which is better?

Diana Miret

Apr 18, 20221 min read

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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Question # 23: I am not paying myself and proud of it

Diana Miret

Apr 11, 20221 min read

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, 20221 min read

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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Question # 21: I have a bookkeeper. What else do I need to do?

Diana Miret

Mar 28, 20221 min read

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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