PLAN
FOR 2026
I hope
everybody is getting back in the swing of things after Christmas and the slow
start of January.
We were
inundated with self assessments in January and now getting back to
concentrating on what 2026 has to offer.
Just before
Christmas we reviewed our 2025 making a note of everything we achieved in the
year. We also made a note of what wasn’t
so positive to avoid bringing that into 2026.
Then we put
our heads together as a team to come up with a wish list plan for 2026
By doing
this each year we find it really concentrates the mind into working on what is
the most important for our daily business and personal lives. Being able to achieve these wish list goals really motivates you to work
that little bit harder and focus on what’s important.
We saw
through 2025 a number of businesses still fighting to make a living.
We also saw
a large number bucking the trend and
growing in 2025.
Looking at the companies and individuals making money
last year and the things that separated them from everyone else. They had a full handle on the cashflow. They remained thrifty with the money even
when times were good.
Not allowing
suppliers and staffing costs to get
out of hand. Not over financing with
high interest loans. They also had
money spare to put money into their pension plans. Saving into the future and saving tax at the
same time.
We’ve got a large number of statutory changes outside of our
control for 2026. National insurance
changes. Making Tax Digital for Income
Tax affecting property and business owners with turnover over
£50,000, and ID
Verification for Companies House affecting
every Limited company on the Companies House register. It’s all big operational changes that we’re
all having to
comply with, and completely out of our control.
So my
biggest bit of advice for the forthcoming year 2026.
Make
a plan both Business and Personal.
What are
your priorities for this year. Write
them down. People who write down their
goals and wishes are far more likely to achieve them over someone who
doesn’t write anything down.
Mark off as
you achieve them, give yourself a pat on the back, believe me yourve earned it. You can always add to the list if you are
doing really well.
Review
your overhead costs. Business and Personal
If your
Amazon spend has gone extreme, or your supplier has put a big increase on you,
shop around. Or decide do I really need
that item.
Save
some money for a rainy day, put money into your pension
I am seeing
a lot of 40 years plus clients with no long term savings at all.
Pay
off that high interest credit card, by over paying over time, you save a lot of
interest charges.
Do something
fun on your days off. It doesn’t have
to cost money to do it.
Have some me
time.
Wishing you
all a successful and healthy 2026.
