Your Small Business New Year Wellness Check

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January 13, 2026

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8 min read

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The start of the new year is the perfect moment to plan for the year ahead. Whether you’ve been a business owner for decades or are launching your first year in business, having a strategic plan in place helps your business adapt and thrive in a competitive landscape. We’ve prepared a six-step business wellness check to help you look at what worked best last year, where you can improve, and what business strategies and tools can help you grow your business this year.
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1. Review your business’s performance from last year

Before setting goals for the future, take some time to evaluate how your business performed last year. Identifying the areas of your business that worked well and the ones that need improvement will help you make informed decisions moving forward.

Start by reviewing your sales, which include your products and services:

Did you have products or services that performed better than expected?
Did you have some that underperformed?

Reviewing performance is essential because it allows you to recognize successful efforts to replicate them; as well as unsuccessful ones, so you can adjust or eliminate them.

Then assess your operational processes:

Were there any systems that worked really well?
Were there bottlenecks that caused delays?
Did you encounter the same challenges repeatedly?
How effective were your communications with customers?

These insights serve as a roadmap for what to keep, what to discard, and what to improve. The goal is to obtain clarity on your business, not perfection. Once you understand what worked and what didn’t, planning the rest becomes much easier.

In addition to acknowledging areas for growth, you must also celebrate achievements and everything that went well. It’s essential for you and your team’s motivation to recognize and celebrate the positive outcomes.

2. Set clear goals for the new year

Goals give your business direction. They help you decide where to focus your time, energy, and resources. Without them, your business can feel busy but not productive. Try to involve your team in the goal-setting process to make sure everyone’s aligned with the goals. This also fosters a shared commitment.

When setting goals, aim for a mix of short-term and long-term objectives. Maybe you want to increase sales by a certain percentage, explore a new service, improve customer retention, or hire additional help. Set SMART goals (specific, measurable, achievable, relevant, and time-bound) that are aligned with your long-term vision, but also with what you learned from last year.

It also helps to break your goals into smaller, actionable steps. For example, your goal is to improve your social media presence to attract more customers. The following would be small steps:

Pick one primary platform that your customers realistically use,
Create a simple monthly content calendar, and
Review analytics at the end of each month to see what worked.

Once your goals are organized, you can tie them directly into your business plan and your budget, which brings us to the next step.
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3. Update your business plan and financial strategy

As your business evolves, you should adapt your business plan. The start of the year is the best time to reassess your strategy and update it to reflect your current goals, challenges, and opportunities.

Begin by evaluating your marketing strategy, customer service and behavior, and competition. Bring over last year’s strategies that were effective and successful. Take into account emerging market trends and changing customer preferences:

Are you still filling a market need?
Are there new opportunities this year?
Are there best practices that you could implement?

Use this data to redefine direction and set clear strategies.

Continue with a financial evaluation. Look for patterns in last year’s cash flow, profit margins, and expenses:

Did any costs increase?
Were there unexpected expenses?
Did you have issues with debt collection?
Are there paying subscriptions or tools that you’re not fully using?

Reviewing last year’s cash flow helps you adjust your revenue projections and expense budget based on historic data.

Next, prepare for tax season. Look at last year’s tax documents and note what took the most time or caused confusion. Identify new deductions you might qualify for this year (equipment purchases, home office changes, mileage, staffing changes, etc.). Confirm deadlines for payroll, sales tax, and quarterly tax to ensure you’re on track.

Consider the changes you made to your business structure (like adding contractors or forming an LLC), since these changes can make a difference in how you file. Staying organized now can help you avoid unnecessary stress when tax season arrives.

Once you’ve updated your business plan and financial strategy, you’ll have a clearer picture of what your business needs to stay on track throughout the year.
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4. Strengthen your marketing and customer experience

Marketing and customer experience work hand in hand, and the beginning of the year is a smart time to refresh both.

Start by reviewing last year’s marketing strategies and analyzing performance metrics:

Which platforms brought in the most leads?
Which campaigns performed well?
Where did you invest time or money without seeing much return?
How were your conversion rates and cost per acquisition?

Identify the messaging, channels (ads, SEO, email, etc.), and customer audiences that delivered the strongest results, and prioritize your time and budget in these areas next year. Stay informed about consumer behavior trends as well as evolving technology and marketing trends.

Once you’ve identified the strategies you want to implement, either current ones that already bring you results or new ones you’d like to test, then set goals that are specific and measurable. Remember that you don’t have to do everything, focus on the marketing efforts that already bring you the most results.

On the customer experience side, think about ways to enhance your customers' experience. Consider quicker response times, easier scheduling, or more constant updates. Use customer insights to improve (such as their recommendations or survey feedback) and train your team to deliver exceptional service (if you haven’t already).

You can also implement incentives to reward and retain loyal customers, such as referral discounts or points programs. Small initiatives can have a big impact on customer satisfaction, and the better the customer experience, the more repeat business and referrals.
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5. Refresh your digital presence

In today’s digital world, your online presence is as important as your brick-and-mortar shop. Take a moment to review your website, social media profiles, and online listings to make sure everything is up to date.

Start with your website:

Is your contact information correct?
Are all your services clearly listed?
Is your site easy to navigate?
Is there content that needs to be updated?

If it’s been a while since you last updated your website, adding fresh content or fixing outdated information can help new customers find you.

You’ll also want to review your business information across platforms such as Google Business Profile, Yelp, and any industry-specific listings. If your hours have changed or your branding looks outdated, now is the perfect time for a refresh.

Finally, look at your social media pages. Manage social media platforms to engage with your customers and build a stronger following. A consistent and accurate online presence makes it easier for customers to find you, connect with you, and trust your business.
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6. Upgrade your tools and team skills

The start of the year is a great time to look at the systems and tools your business relies on. If you have a small team, this doesn’t mean you need to invest in complex or expensive software; it means using tools that reduce the amount of manual work you do to help simplify processes.

Some of the most common tools that can help small businesses are collaboration tools, scheduling tools, CRMs, e-commerce or online payment platforms, and financial software.

For example, a collaboration or task management tool for your team could help you track projects, tasks, deadlines, and priorities. This way, your team has clarity on which projects are a priority and what their responsibilities are, helping teams stay accountable.

Another example is the use of a customer relationship management tool or CRM. This software manages customer data, tracks interactions such as emails or phone calls, and automates repetitive tasks such as follow-up emails, appointment reminders, or recurring invoices. The overall goal is to nurture stronger customer relationships by keeping communications with your customers consistent.

Keep in mind that the tools and software you choose should support your business goals and integrate well with the systems you already use. Also, plan to provide training for your team to ensure a smooth implementation and to maximize the benefits of using these tools.

Finally, consider investing in training and professional development for your team. Employees highly value professional development, which can increase job satisfaction and retention. Overall, investing in employees' skills improves performance and productivity, contributing to your business success.

How can LegalShield help your small business this year?

Small business owners don’t have to guess when legal issues pop up. With LegalShield, you have access to an experienced law firm for guidance on an unlimited number of business-related legal matters.

Our legal plans include document review, debt collection letters, phone calls or letters, online notarization, and e-signatures — services that often come with hefty price tags elsewhere. Learn more about how a lawyer can help your small business here.

“My expressions of gratitude go far beyond how my heart can express. My Provider Lawyer went above and beyond to understand my business and my contract-reviewing needs. She was timely and considerate, and I really appreciate her. No one I'd rather do business with.”

– Small Business Member, ON

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