Reflecting on the waning year is the best way to give yourself an honest and very helpful big picture understanding of what occurred in your business. You will come face2face with planned initiatives, unexpected opportunities and risks that paid off, or at least broke even, and those that, unfortunately, failed to fulfill your hopes. , and what you might adjust to reach your 2026 goals. A year-end review suggests which strategies will likely build on successes, gives insight into what you should eliminate, as least for now, and what might come through for you in the new year, perhaps with some adjustment. A year-end review encourages productivity that brings good results by helping you move forward and build momentum—and ensuring that you avoid reinventing the wheel or repeatedly start from ground zero, which is sure to slow your progress.
Review the year in business
When reviewing the past 12 months of your business, there are a few questions and metrics that will give you a good baseline of what you would be wise to pursue, adjust, or eliminate during the upcoming year. After answering these questions, you can more effectively map out your goals for next year. Set attainable, data-driven targets that challenge, but are also within reach. This is also a great time to identify if you might want to outsource certain functions in the next year to help you reach your 2026 goals.
- How many projects did I work on?
- What was my total sales revenue?
- What were the sources for these deals? (e.g., referrals, networking, social media, website marketing funnel)
- On a scale of 1-10, how would I rate my new client prospecting efforts?
- How consistent was I with marketing—blogs, newsletters, webinar appearances, social media? Did I create and follow outreach strategies or was it intermittent?
- What could I have done better in terms of marketing?
- What did I do exceptionally well that contributed to my success?
- What area did I struggle with the most? (Hint: this may be an area to either get help with or improve in 2025).
Evaluate performance of lead generation strategies
- Inbound marketing continues to be an absolute requirement for B2B growth. Creating a consistent stream of leads is very important if you want to build a business that is sustainable and that you can scale and grow. The goal is to invite a steady flow of leads from different sources. Inbound marketing is considered the most practical and method for keeping your pipeline filled with prospects who are curious about your services or products. Inbound marketing is also efficient, with numerous marketing studies confirming that inbound marketing campaigns and activities generate about 54% more leads than outbound marketing. Furthermore, inbound marketing costs up to 62% less per lead than traditional outbound marketing. In 2026, inbound marketing appeals are predicted to remain the primary source of how B2B buyers themselves expect to discover, evaluate and shortlist vendors, as 80 % of all B2B sales interactions will take place across a spectrum of digital channels, from company websites to social media platforms. Think of inbound marketing content and activities as a magnet that pulls in already-curious prospective buyers. The purpose of inbound marketing is to educate, build trust and generate qualified leads by providing valuable, problem-solving, content. Be advised that most of the buyer’s journey unfolds long before a prospect reaches out to a select group of potential vendors to obtain deal-sealing (or deal breaking) information. Those on a serious buyer’s journey already have a list of key questions to ask, to discuss and learn about the particulars of a service, or would like to see a product demonstration. Note that inbound marketing leadgen results in the prospect initiating contact with companies that look promising as they define it. The content you create (or fail to create)—stories, education, testimonials, case studies, conversations—determine whether you’ll be chosen to make the prospective buyer’s vendor shortlist. Review and assess your inbound marketing activity and confirm which campaigns were the most successful and which may benefit from a reworking. Your inbound marketing activity most likely includes some of the following activities.
- Thought leadership (producing relevant and valuable information—e-book, case study, webinar or podcast appearance, blog, newsletter)
- Sales/marketing funnel (company website)
- Social media posts (text or audio/visual formats)
- Referrals
- SEO search (company website)
- Outbound marketing content and activities enable you to broadcast your pitch to everyone in your chosen target demographics. The style is push: you/your brand initiates the contact with prospects whether or not they’re hyper-local in-market as you disseminate your message (“This is who we are and why you want to know us”). Outbound marketing methods are typically promotional—attention-grabbers, such as cold emails and direct mailings (recipients are often taken from membership or other lists), conference or event sponsorships, paid display advertisements/ paid social media ads.
- Public speaking (guest speaking, teaching, panel/moderator)
- Face2face networking events (business groups or social gatherings)
- Email updates
- Participating in community charity events
- Paid online leadgen (pay-per-click)
Create a content calendar and map out marketing campaigns
Planning and scheduling your content is one of the best things you can do for your business—and your time and creativity. There are a few ways you can look at the year and decide the message of your content. Readers who have been with me for a couple of years or more will, for example, recognize that in late June – early July, I publish an annual Summer Reading List, which consists of 10 business and leadership-themed books that should appeal to those who are independently employed, whether as Freelance consultants or small business owners. Certain books might also appeal to traditionally employed executives in either the for-profit or not-for-profit sectors. In late November, I publish a December holiday client gift suggestions list.
Which events that occur in your industry might serve as focal points for your content? Could it be “back to school,” which could prompt you to present related content in August, or the arrival of a season—wintertime skiing and ice skating, an early spring marathon, an annual national conference that is regularly attended by members of your core target market, or Small Business Saturday in November?
When you develop a plan now, you can expect to emerge with a draft that you can finalize as you get closer to scheduled target dates for your content. Your content calendar draft will support and encourage you to publish relevant marketing content that’s timed to maximize its impact. Planning is so much better than flying by the seat of your pants!
Budgeting
In sum, the year-end review of your business entity can be a catalyst for growth and success. It encourages continuous learning and improvement and inspires you to think and act proactively. Your year-end review is among the most effective processes you have to evaluate the overall performance of your venture and by so doing, give yourself an opportunity to learn from successes and failures, make informed decisions and set challenging, yet realistic, strategic goals for the new year. In your review, you can analyze your 2025 actual spend against your budgeted expenses. You’ll be able to identify spending variances and learn why budget targets were exceeded. Insights from your 2025 budget review will assist in building realistic budget forecasts for 2026.
Keep in mind that forecasting is about anticipating the funding you’ll need to implement marketing campaigns, as well as paying for business operating expenses, from bookkeeping expenses to business association member dues to purchasing customer relations software to enhance your marketing functions. One hand washes the other when your leadgen marketing funnel brings in the revenue that enables you to operate at peak performance (as you define it)!
So—how did your budget and business expenses line up in 2025? Consult your financial statements— Balance Sheet, Profit & Loss (Income) Statement and Cash Flow Statement and conduct a financial health assessment of your entity. These documents provide a snapshot of your company’s assets, liabilities, equity, revenues, expenses and profits throughout the year. It would be a great idea to discuss company financials with your business accountant, to get his/her perspective on how to enhance your company’s sustainability and financial possibilities. Why not send an email now and get a meeting on your January calendar?
Happy New Year and thanks for reading! I look forward to greeting you in 2026.
Kim
Image: © Freepik


