"We are what we repeatedly do."

Written by Aristotle

As a Christian fractional CFO with over 35 years of financial experience, I've had the privilege of guiding both multinational corporations and small businesses through their financial journeys.

In my role, I’ve witnessed the transformative power of well-structured financial practices. Whether it's managing millions in corporate budgets or tracking expenses at my kitchen table, the principles remain the same: diligence, consistency, and a commitment to improvement.

I've seen successful businesses thrive with solid financial habits. They budget, review, and adhere consistently to their financial plans, monitoring their finances weekly. This repeated practice fosters a culture of awareness and accountability.

Conversely, I've also observed businesses, regardless of size, struggle with inconsistent financial practices, leading to blind spots and ultimately over-spending. Often, these businesses are unaware of their financial missteps and are actively seeking solutions.

When I step in to assist, the first step is to evaluate their current financial practices. Together, we enhance visibility by reviewing the numbers and comparing them systematically. We establish a structured system, create a comprehensive budget, and make adjustments to spending and pricing. Gradually, I’ve seen their financial health improve.

As Aristotle wisely noted, consistency is key. As you embark on your 2025 planning, consider the financial habits you'd like to establish consistently. Here are my suggestions:

1. Review last year's spending meticulously—line by line, vendor by vendor. A detailed Profit & Loss statement from your bookkeeper will provide a solid starting point.
2. Identify expenses that can be trimmed. Aim for a 10% reduction; it’s often easier than it seems and can significantly boost your profits for the coming year.
3. Develop a detailed monthly budget for your entire business and integrate it into your accounting system. Investing in an upgrade to your current system can be worthwhile.
4. Each month, generate a Budget versus Actual Report and ensure you understand every variance. Remember to adjust spending rather than the budget.
5. Repeat the process consistently.

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My name is Diana Miret.? As a Christian fractional CFO, I provide financial counsel to businesses earning between $1M and $10M to increase profitability, optimize cash flow management and heighten financial confidence and clarity. You can find me at www.dianamiret.com