I generally take 5 knots off everything in my Mooney when I'm light.


I can't remember the numbers on my C model mooney but I would fly the airplane
down the runway to bleed off airspeed and about 5 mph before stall I would
retract the flaps.

This sounds scary but if you do it a few times on long, wide runways it will
become second nature. This and few other things is what makes flying fun.