Reflect & Plan: Setting Financial Goals for the New Year

As we wrap up the year, now is the perfect time to pause, reflect, and set the stage for a more profitable year ahead. A little year-end planning can make a big difference in your business finances.

Here’s how to get started:

1. Review Last Year’s Financials

Look at what worked—and what didn’t.

• Which services or products brought in the most revenue?

• Where did expenses creep higher than expected?

• Did you hit your income goals or fall short?

Understanding last year’s patterns helps you make smarter decisions moving forward.

2. Create a Practical Business Budget

A clear budget gives your business direction.

• List your must-have expenses first (software, payroll, supplies).

• Evaluate variable costs and look for opportunities to trim or reallocate.

• Don’t forget to budget for savings, taxes, and owner pay.

A thoughtful budget sets the tone for better cash flow all year long.

3. Set Revenue Goals You Can Actually Achieve

Break your goals down into actionable pieces.

• What’s your monthly revenue target?

• How many clients, products, or projects do you need to meet it?

• Are there new income streams you want to add next year?

Clear, measurable goals make it easier to track progress and stay motivated.

A profitable year starts with a solid plan. 

December is your invitation to slow down, review, and build a financial roadmap that supports your business growth in the new year.

If you need help reviewing your numbers or setting your 2026 financial goals, I’m here to support you!