FI showroom red and grey logo
MenuMENU
SearchSEARCH

Potential Versus Readiness in F&I

Creating a professional development plan can make the difference in 2023 being a tough year, or a great year.

by John Tabar
April 19, 2023
Potential Versus Readiness in F&I
4 min to read


2023 is shaping up to be a more challenging year than 2022. Spending time on creating a professional development plan for yourself can make the difference in 2023 being a tough year, or a great year.

It’s 2023 — are you ready for the new year? The holidays are over, and with that comes the promise every new year brings. Hopefully, you have taken some time to set some S.M.A.R.T. personal and performance goals for the new year.

Ad Loading...

If you have, I have a question for you: do your goals for 2023 include creating a professional development plan to go along with those performance goals?

Performance goals focus on the end result, while a development plan focuses on the attainment of the skills, the knowledge and the strategies you will need to get there.

To create a professional development plan, you will need to begin with self-assessment. A professional development plan should be centered around things you can control or strongly influence, like your behaviors, skills, knowledge and process.

To begin, take another look at your goals. Objectively as possible, assess whether you have all the skills and knowledge you need to achieve them. A great question to ask yourself during the process of examining each goal is ‘Am I ready to achieve this goal, or do I just have the potential to achieve this goal?’

Self-assessment can be one of the more difficult steps in the process because it takes self-objectivity and involves evaluating yourself – honestly and fairly – to determine strengths and deficiencies as they apply to each goal. If after the self-assessment you believe you currently have all of the skills, knowledge, and a strategy to achieve the goal, it’s time to get started.

Ad Loading...

If not, you must determine what you need to attain or improve upon, to achieve the readiness needed to achieve that goal.

If you were to google the word readiness, you will get two definitions. First is the state of being prepared for something, and the second is a willingness to do something. Both apply to achieving a goal.

Let’s say for example one of your goals is to shave 10 minutes off your current delivery time in the F&I office.

You know that by accomplishing this goal you could gain the efficiency needed and possibly the extra time required for more impactful interactions with customers in the upcoming year. The goal may also support the overall dealership goal of shortening the sales process and it could go a long way to meet the customer’s expectations around time, and by doing so, lower resistance to the F&I process and open their minds to the products we offer. Worthy goal!

Now you will need to determine what your average delivery time is and where the 10 minutes will come from. It could be that you determine you will need to lengthen the time you spend on ‘Smart Discovery’ and in doing so, shorten your menu disclosure and time spent on closing. If so, now apply the self-assessment questions outlined above.

Ad Loading...

In this example, learning a telling menu disclosure to replace a selling disclosure will take some time, practice and coaching to make the change. Knowing this upfront will help you determine the time and focus needed for this part of your development plan as well as the timeline on realizing the results from implementing it.

As you begin the new year take some time to reexamine your goals in terms of readiness. I bet you will determine that you are ready to achieve some, and others … maybe not so much. Now look at the goals, in which you have determined that your readiness level isn’t where you want it to be. Most likely, these goals are the important ones that if achieved, will have the greatest impact on your career and your income. They usually are the kind of goals that will take the most planning and will involve the greatest effort to realize.

Many times, when F&I managers fail to achieve a performance goal, it is because they have focused only on the potential and possible result in achieving the goal and unfortunately their plan to achieve the goal hasn’t realistically assessed their readiness to do so. Don’t make that mistake.

2023 is shaping up to be a more challenging year than 2022. Spending time on creating a professional development plan for yourself can make the difference in 2023 being a tough year, or a great year.

John Tabar serves as executive director of training for Brown & Brown.

Topics:F&I
Subscribe to Our Newsletter

More F&I

Photo of a three-seat vehicle back seat
F&Iby Hannah MitchellMay 22, 2026

F&I Reaches for the Sky

The increasingly important profit center continued making gains in the first quarter, according to StoneEagle data, ancillary products proving more popular as consumers hold onto their buys longer.

Read More →
Cover image for a BOK Financial report titled “Timing the market: How avoiding volatility entirely can hurt long-term reinsurance program performance.” The image shows several road construction barricades with flashing amber warning lights lined up in a nighttime work zone. Beneath the image, red text explains that avoiding volatility can mean falling behind inflation and missing market rebounds that drive long-term surplus growth. The BOK Financial logo appears at the bottom right.
SponsoredMay 8, 2026

Timing the Market Can Hurt Long-Term Program Performance

For dealer-owned reinsurance entities, avoiding volatility entirely can mean falling behind inflation and missing market rebounds that drive long term surplus growth. Missing just a handful of strong market days can materially impact cumulative returns—an important reminder for long horizon trust and investment strategies.

Read More →
Ryan Ruff, The 90/10 Rule, Automotive Training Academy, Sales Series
F&IMay 6, 2026

The 90/10 Rule

In this video, Ryan Ruff explains the rule that elite sales professionals use to turn ordinary conversations into unforgettable customer experiences.

Read More →
Ad Loading...
Photo of essential oil diffuser on desk next to laptop
F&IMay 4, 2026

Your Office Is Talking

What’s the atmosphere saying about you to your customers? You can make minor adjustments and additions that transform your space into one that creates trust with the people on the other side of the desk.

Read More →
"Effective training ensures the customer’s needs remain at the heart of everything we do. When that is the focus, both sales and profits naturally improve." by Rick McCormick with F&I and Showroom logo and picture of Rick McCormick
F&IMay 1, 2026

F&I Training Fundamentals

How can auto dealerships help F&I managers fulfill their vital role in the most effective ways? Industry expert Rick McCormick shares his insights on the best ways to train these professionals and help them maintain good habits.

Read More →
Photo of car tire and the tread mark it left in snow
F&Iby Hannah MitchellApril 29, 2026

Not Just Any Tire Will Do

More consumers and businesses are opting for all-season options for various reasons as safety, sustainability and convenience push practical change.

Read More →
Ad Loading...
Photo of robot holding a laptop
F&Iby Hannah MitchellApril 27, 2026

How AI Will Drive the Next Wave of Innovation in Finance & Insurance

It’s time to take the next digital step to free F&I managers to handle the most challenging aspects of customer meetings.

Read More →
Photo of notepad and pen next to computer keyboard on desktop
F&IApril 13, 2026

Control in Sales Is an Illusion

Some of it should be given to the customer, but that doesn’t mean the F&I office relinquishes the process. In fact, a different approach both builds trust and boosts sales.

Read More →
Photo of external keyboard on office deak next to window
F&IApril 7, 2026

The Limited Warranty Game

Bringing it in-house benefits the dealership and its customers.

Read More →
Ad Loading...
Woman in casual clothing sitting at a desk
F&Iby Rick McCormickMarch 31, 2026

Curb The Confusion

Talk to F&I customers like you’d talk to a friend, without industry lingo or sales-like questions, and use hard proof to show, not tell, them about a need.

Read More →