Increasing next year’s goals by 10%

That’s right, we’re talking about increasing your goals for 2025! If you haven’t prepped and created goals already, now is the time! We suggest going INTO the New Year with goals set rather than waiting until January to set them. Why, you may ask? We want you to get the best start and have the most running time hitting those goals!! Starting fresh the first of the year gives you a jumpstart on what the year will look like! 

Your biggest goal to set will be your total revenue. We want your profit to increase year over year and that means controlling overhead and increasing your collections! Your production goal leads your collections so increasing them at the same time goes hand in hand. You won’t have one without the other. 

How we do it at Dental A Team

The Dental A Team works hard with all of our clients to ensure that goals are set, tracking is in place and trends are watched throughout the year. Right now our consultants are checking in with all of our clients to be positive that their goals are set to our top-tier standards! We want to see practices increasing revenue by 10% (7% is typically the lowest we’ll allow). Are you set for 10% as well?!

10% has been chosen as our favorite marker because we like to ensure that the goal is set as an achievable stretch! This will cover typical inflation costs which helps watch your overhead and allows for some stretching to help profitability in most cases. More than 10% is not unheard of, especially for practices that are experiencing massive growth, have just recently started (our start up practices) or are adding significant space or providers!

Now you may be asking us, “how do I know what that is if the year’s not done?!”. You may be thinking, “this is why I wait until January, DAT!”. We hear you. We get it. But we promise, you’ll love the running space you give yourself by doing it now! 

Here are a few methods for increasing your goals:

• Pull your goals you set for the current year; add 10% to them!
• Look at what you’ve done year to date (YTD) and add in what your schedule is projecting for the remainder of the month; add 10% to that!
• Look at what you’ve done up until the end of November; divide that by eleven to gather your average monthly income; add that average income to the revenue you pulled from January to November, increase that by 10%! 

For more tips, check out our latest episode!

Best advice we have ever received: Don’t over complicate it! Don’t make it hard, your goal for next year should feel easy to find. If it doesn’t, reach out, we want to help you! Schedule a call.