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Set Specific Metrics

We all would like to have more money. But how much more? You need to be clear with the universe. Set specific metrics so that you know whether you met the target or not.

I know it seems a little odd to be so precise with future outcomes. In addition, it is hard to feel confident with numbers that don’t have a solid basis.

But that is why you must do the numbers. You need to put in a few minutes with a calculator and pencil. Better still would be to use a spreadsheet so that you can quickly process changes in your assumptions. Also, a spreadsheet is a clean and easy way to see the numbers. You can also show others when things are neat, tidy and legible.

So decide on the numbers. For example, if you would love to achieve a £200,000 income before taxes this year, what has to happen? Do you need a new job, another job or a side hustle? If you sell dining tables at £2,000 each, you need to sell 100 tables. But what if each table costs £700 and your admin costs per table are 300? With only a £1,000 net, you will need to sell twice as many tables, or 200, to hit your target.

Set specific metrics so you know what you are aiming at and if you hit it.

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