How Intriguing are your Numbers?by Dr. Ron Arndt
What numbers are you tracking in your business and professional life? What is important for you to be tracking?
Here are some thoughts to get you started:
- Health: See the list I mentioned last week such as BMI, triglycerides, cholesterol, weight, blood pressure, and heart rate. What others are important to YOU? How regularly are you exercising? How much water are you drinking daily? How many hours of sleep do you get daily? How many HUGS (yes, hugs) are you giving and receiving daily?
- Business: Production, collections, number of referral requests, failed appointments, cost to the business of failed and short-noticed cancelled appointments, collection percentage, managed care adjustments, hourly productivity, P&L line item costs such as marketing, rent, lab fees, office and dental supplies, and any and ALL investments made in employees…not just their wages.
- Financial: How much is enough? Are you being supported by a Certified Financial Planner to help you create your economic future of choice? How well have you calculated your year of retirement? How much do you save or need to save every year? Where do you want your kids or grandkids to go to school, college, and post-college? Are you on track to save for these expenses? How often do you intend to replace your autos? What are the returns you need on your portfolio to hit your targets? Have you established your investment policy guidelines that will help you identify your risk tolerance? Again, how much is enough and how will you know if you are there?
The numbers don’t lie. What are yours?
Remember, there is a reason we have scoreboards at sporting events. There is a reason we have speedometers in our cars. There is a reason we count our money. What does your scoreboard tell you? At what “speed of life” are you moving?