Serious About Making More Money Next Year? Start By Reviewing This Year Properly
If you want to make more money next year, the first step is simple. You need to understand this year.
Not a quick look at your bank balance. Not a guess based on how busy you felt.
A proper review of your numbers.
Your financial data is the clearest, most honest picture of how your business is performing. When you take it seriously, you can plan smarter, work more efficiently, and make next year your most profitable one yet.
Here is what to look at.
Check Your Revenue
Start with the basics. How much did your business actually bring in this year?
Look at:
Total turnover
Monthly trends
Your busiest and quietest periods
Where most of your income came from
You might learn that certain months consistently dip, or that a particular product or service is carrying most of the workload. These insights help you plan more effectively.
Check Your Profit
Revenue alone does not tell the full story. Profit is what keeps your business alive.
Review your:
Gross profit
Net profit
Year-on-year comparisons
Margins across different services or products
If revenue went up but profit stayed the same, something is eating into your margins. If profit improved, what caused it? Understanding this now will influence how you approach next year.
Check Your Pricing
If you are working flat out and still not earning what you expect, pricing could be the problem.
Ask yourself:
When did you last increase your prices?
Are your current prices covering the real cost of delivery?
Are you pricing based on value or fear of losing clients?
Which services are underpriced and which are performing well?
Pricing reviews are one of the biggest levers for increasing profit without taking on more work.
Check What Actually Worked
Not everything you tried this year will have paid off, and that is completely normal.
Look at:
Which marketing channels brought in the most customers
Which services sold best
What drained your time without results
What helped your business run smoother
What clients say they value the most
Your numbers will show what deserves your focus and what you should drop.
Plan Smarter For Next Year
Once you have reviewed your revenue, profit, pricing, and performance, you can build a clear, realistic plan for next year.
This might include:
Updating your prices
Streamlining your services
Focusing on high profit activities
Improving cash flow processes
Setting monthly revenue targets
Budgeting for growth
Good planning does not start with guesswork. It starts with understanding your numbers.
Make Next Year Your Most Profitable One Yet
Your accounts are not just for HMRC. They are one of the most powerful tools you have for growing a healthy, profitable business.
Use them. Review them properly. Make decisions based on facts, not feelings.
If you want help reviewing your year, understanding your numbers, or planning for a stronger 2026, send us a message. We are here to help you grow.
Meet Lewis
Lewis is a professional accountant and founder of Rhombus Accounting. He regularly shares his knowledge and best advice here on his blog and on other channels such as LinkedIn.
Book a call today to learn more about what Lewis and Rhombus Accounting can do for you.
