Caffeinate Your Cash Flow
The Instant Assessment is a starting point for all of you Target Allocation Percentages (TAPs) You can refine the TAPs to be even more specific to your industry, but this is not necessary because TAPs are simply targets. You may need to do some more research to set more specific target numbers. See below for a few ways to approach this.
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Weekly Sips of Wisdom
How do I get to TAPS?
Research Public Companies: Look up at least 5 companies in your industry and check out their income statements. For each year, divide the net income number by the total sales. Then come up with the average.
Review your tax returns for the last 3-5 years
based on percentages NOT dollar amounts
Pick your profit percentage number based on your projected revenue for this year using the Instant Assessment.
–Profit First
Chapter 5
Mike Michalowicz
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Dream Believe Achieve
“Whenever you see a successful business, someone once made a courageous decision.”
– Peter F. Drucker
Austrian American Management Consultant
#zensationallifestyle
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