[Data Idea]”Time Income Statement” to Feel Accomplish for Fail ?

+ Where I am?

Every time when I start a project to do and done will always feel like one time a thing so the continuity will not be break. I wonder how would it be able to do less for more after some kind of mechanism can make things while practice more and be set to auto in able to stack for more variety side of my interests.

My Time Balance Sheet

Here is what I have my time balance sheet[1] and if you would like to more how I did it you could check below article to know more about it.

My Time Income Statement Definitions

Think of the Income Statement[2] (also called a Profit and Loss or P&L) as a “motion picture” of your business. While the Balance Sheet we discussed earlier is a “snapshot” of a single moment, the Income Statement shows everything that happened over a specific period (usually a month, quarter, or year).

+ Who I want to be?

Income Statement Components

There are 3 main components of Income Statement and it should be defined in here for how my time standard want to be. According to my time balance sheet[1] & optimal challenge point[3] for learning (retention) related to different skill levels, functional task difficulty, and potential available information arising from action, with optimal challenge points resulting earlier (lower functional difficulty) for less experienced performers.According to the graph below for beginner the optimal challenge point will be around 60%. So the complete rate divided between 60%.

---
config:
  themeVariables:
    xyChart:
      plotColorPalette: '#000000, #0000FF, #00FF00, #FF0000, #800080'
---
xychart-beta
    title "Challenge Point Framework (Simulated Smoothness)"
    x-axis "Functional Task Difficulty" 0 --> 100
    y-axis "Performance in Practice" 0 --> 100
    
    %% Black line (High Skill) - Added mid-points for curve feel
    line [0, 85, 86, 87, 88, 89, 90]
    
    %% Blue line (Med-High Skill)
    line [0, 50, 70, 75, 76, 78, 79]
    
    %% Green line (Med-Low Skill)
    line [0, 10, 15, 17, 20, 40, 60]
    
    %% Red line (Low Skill)
    line [0, 3, 3, 3, 5, 13, 15]
    
    %% PURPLE CROSS LINE: Intersecting the others diagonally
    line [100, 80, 60, 40, 20, 0, 10]

• Revenues : Complete > 60 hour
• Expenses : Complete < 60 hour
• Profit & Loss = Revenues - Expenses

Income Statement Flows

There are mainly 4 steps to count for the net income such as: Gross,Operating, Finance,Taxation. In here we would describe Gross as the output you want and operating as the input you need and finance as which LCC you were in for the waste or the interest of it. There is my 4 steps below:

• Gross
  • Paid Task
  • World Need Task
• Operating
  • Good At Task
  • Love Task
• Finance(Currency)
  • Span Time = 24hr/day - all used time
• Taxation: None

Money Income Statement

According to above I made my Income Statement Table to show what it all consist of.

According to the profit & loss I want to reach “High Completion Productivity” of my time.

+ Why I always failed ?

There are 3 main metrics usually used to analysed Income Statement:

• Investability

  Represents the percentage of revenue left after all expenses, interest, and taxes are paid.

  $$ \text{Net Profit Margin}=\frac{\text{Net Income}}{Revenue} $$

• Efficiency

  Measures the increase in sales over time, showing if the company is growing.

  $$ \text{Gross Profit Margin}=\frac{Revenue - \text{Cost of Goods Sold}}{Revenue} $$

• Quality

  Indicates efficiency by showing profit left after operating expenses (excluding interest/taxes).

  $$ \text{Operating Profit Margin} = \frac{\text{Operating Income}}{\text{Revenue}} $$

🐞 I used to only check efficiency but neglected the quality and investability and gradually burn out my strength to keep on improving the task. Also I figure I do it in wrong order.

+ When to make change ?

In here I want to introduce The Lean Startup[4] again. The MVP model in the book as my task gradually upgrade MVT. Below is my action for MVT cycle.

Learn Investability By Net Profit Margin

📈 If it is high investibility it means the currency worth spend and worth reinvest. If it is low then should stop invest it.

• High Investability: Net Profit Margin > 20%
• Low Investability: Net Profit Margin < 5%

Build Efficiency by Gross Profit Margin

📈 If it is high efficiency then it means the currency generate in good speed. If it is low it means currency generation need to be either assign to the other or automate to speed up the process.

• High Efficiency: Gross Profit = 80%~90%
• Healthy Efficiency: Gross Profit = 50%~70%
• Low Efficiency: Gross Profit < 40%

Measure Quality by Operating Profit Margin

📈 If it is in high quality it means the currency quality per task is great. If it is low it may means your currency is mostly easy break source to combine then it should find the low quality to eliminate or improve.

• Good Quality: Operating Profit Margin >30%
• Bad Quality: Operating Profit Margin < 10%

These Metrics I specially like the Net Profit Margin due to its clarity if I should invest more time on the same thing again or how much should I spend on it.

+ What is my action to gain ?

1. What is your time balance sheet looks like?
2. What is your time Income Statement looks like?
3. What is your 3 metrics is ?
4. How would you change ?

+ Reference

1. Balance Sheet, Luca Pacioli ,1494, https://en.wikipedia.org/wiki/Balance_sheet
2. Income Statement, Luca Pacioli, 1494, https://en.wikipedia.org/wiki/Income_statement
3. Challenge Point: A Framework for Conceptualizing the Effects of Various Practice Conditions in Motor Learning, Dr. Mark Guadagnoli, 2004/07, DOI:10.3200
4. The Lean Startup, Eric Ries,