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How do I set my Target Percentages?

Uncategorized Sep 07, 2022

On last weeks blog I shared how to enter your own statistics into the table.  This allows you to evaluate your current allocation percentages. 

If you haven’t yet completed the assessment, you will not be able to set target percentages.  Every practice is different and the place to begin is with your own current reality.

Assuming you do have the assessment completed and you do know your current percentages, it’s time to set some targets or goals.  Setting a target percentage means you are getting very specific.  This target can be measured.  You will know whether you reach it or not. 

If you’re serious about reaching your target, it’s time to draw the line in the sand.  I suggest you share your target goal with someone who will hold you accountable.  Check in with them often.

Now a word about the target percentages.  They should challenge you but still be realistic. They must be attainable within a period of time. Once attained, the next level target will be set.

An example would be to set a target percentage for your Profit Account.  Let’s assume you have not been using a Profit Account before so your current reality is 0%.  It’s not realistic to think you can start out at 10 or 15%.  Maybe try 1 or 2% for a few months and once you are consistent with these deposits, increase the percentage over time. 

Having a plan is key to being successful with Profit First.  I call this your Roll Out Plan.  If you want to talk about what your plan could look like or what your next steps might be, take a moment now to schedule a time to chat with me. 

Use the “Let’s Talk” button at the top right of this blog page. 

Talk soon.

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