As a business owner, I love the beginning of the year. It’s a time I get set for the anticipation of the year’s successes and challenges. I also take a fresh look at my values and my business and set goals for the coming year. If you’re a business owner, here are some ways to make your business stronger in 2026:
Think about how you want to grow. Business owners are risk takers; it’s part of our DNA. This is a great time to take a look at your tolerance for risk and determine how you want to scale your business. If you’re thinking about selling or retiring in the next year or two, your strategy might be very different from an owner who’s working on rapid growth. As an owner, you want to minimize your tax exposure, so you might want to invest in equipment or other improvements. If you’re planning on selling, you’ll want every dollar to go to the bottom line to add value.
Your goal should always be to maximize profitability, and by the end of last year, you have 12 months’ worth of data to work with. Were there unexpected expenditures? Did the cost of goods or services increase enough that you might need to change your pricing? Are there places you could cut costs? Is there a relatively small investment (like technology) that could pay for itself by saving man-hours or eliminating errors? You probably have time now to ask big questions and dig deeper for answers.
Consider making some strategic hires. In my experience, businesses are more sellable when they have a strong, capable manager running day-to-day operations. I can’t emphasize enough how critical that is to your growth and how sellable your business will be when you’re ready. If the business depends entirely on the owner, it can be hard to find the right buyer. If you’re spending all your time running the business, you won’t have time to grow it. Take a moment to assess your staff for future leaders, support their growth, or start planning a thoughtful hire.
Are there gaps in your business model or your skill set that could be filled with a fractional hire? Do you need to generate more leads or convert more of the leads you get? Do you need someone to help with the simpler administrative tasks so you can be more strategic? You don’t always have to take on full-time employees to get the help you need; contractors with deep experience can cost you much less than what you’d pay for a full-time employee who might need more training or oversight.
Look for ways to improve your processes and systems. This is a great time to review the components of your business model. If you touch a task more than once during a process, it’s probably a candidate for automation. Take a look at how you’re using AI; it’s a powerful tool for generating ideas for sales or marketing, planning and project management, and scripting communication across the company to make it more consistent. It can create checklists and draft emails for customers or prospects that will take you minutes to edit rather than hours to compose and type.
Think about the kind of business you want to be in the new year. Take a look at your current customer base and the quality of the leads you’re getting. Are they in line with your business strategy? This might be the time to think about making tough decisions, such as firing a customer whose business is no longer profitable, or who takes up too much time and energy. You might need to sever ties with a vendor or contractor whose performance has declined. You might have to say no to opportunities you would have jumped at a couple of years ago.
Once you take inventory of what’s working for you and what aligns with your values and strategy, it will be easier to make decisions about what you take on. The new year offers the chance for fresh starts and fresh approaches based on what you’ve learned about your company in the past year.
Setting smart goals, writing them down, and reviewing them often will help you make sure that 2026 is a year for increased growth and profitability. If you’re thinking about retiring or selling within the next few years, this is a good time to get an idea of what your company is worth. The first step in our process is to get an opinion of value.
About the Author: Antoinette Gonzales Norris is a Bay Area–based business broker with more than 25 years of experience advising entrepreneurs on growth strategy, exit planning, and maximizing enterprise value. She brings a practical, owner-focused perspective shaped by decades of helping business owners make smarter, more strategic decisions.
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