As we enter the final stretch of 2025, it’s the perfect time to start thinking ahead. September and October give business owners a window of opportunity: the year isn’t over yet, but you already have enough data to project how things are shaping up. That makes this the ideal time to begin budgeting for 2026.
Why Plan Now?
Many business owners wait until December—or even January—to look at budgets. By then, you’re in reaction mode. Taking the time now to review your numbers allows you to:
- Spot trends early – Are sales up or down compared to last year? Do expenses look heavier than expected?
- Set realistic targets – Use the first three quarters as a baseline for what’s achievable next year.
- Make adjustments before year-end – If you’re off track, you still have time to change course in 2025.
A forward-looking budget isn’t just about tracking dollars—it’s about strategy. Your 2026 budget should align with your goals, whether that’s:
- Growth – Planning for expansion into new markets or product lines.
- Staffing – Forecasting the need for additional employees or contractors to handle workload.
- Capital Investments – Setting aside funds for equipment, technology upgrades, or facilities.
The Power of “What If”
Good budgeting also allows for scenario planning. Ask yourself:
- What happens if revenue grows by 10%?
- How will cash flow be affected if a major client leaves?
- Can we handle the expense of new equipment and still maintain profitability?
Getting Started
- Review 2025 – Look at your income, expenses, and cash flow through September.
- Project the Year-End – Estimate how the rest of the year will close.
- Build 2026 From There – Use realistic, data-driven numbers as the foundation.
- Schedule Check-Ins – A budget isn’t static. Plan to revisit it quarterly.
💡 At GLM, we help business owners turn numbers into strategy. If you’d like guidance building a practical, growth-focused budget for 2026, now is the time to start.
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