Sep 17, 2026 · 13 min · 12 segments
Before you begin planning for next year, you need an honest assessment of how your business performed this year. In Part 1 of our Fall Business Audit, Mike breaks down four critical areas every…
Mike GarveyHost
Today I want to talk about something I think every business owner should do before the end of the year, and I'm going to do it myself.
I'm in a group of business owners, and we're all at different stages, some starting business, some been in business for a long time, and it's really cool to just bounce ideas off.
We got talking about, hey, are we raising our prices next year? What are we doing? There's the uncertainty.
Is it going up? What are we doing? But I think I think now is a good time and not waiting till January to start looking at numbers, setting goals, talking about everything that's going to be changing next year.
So I think it's a good idea to with equip coming up to start fall still fresh in our mind.
Talk about equipment that is constantly breaking down, customers that give you problems.
You know, when did the schedule fall apart? What services made you the most money? And again, it's not an audit, a financial audit like from the IRS.
We're going to look at our money, look at our customers, our services, employees, equipment, our marketing plan.
And I think the first thing to do is really I think part one is looking at your numbers.
And if you're not a numbers person, hire John P. Jack to be a consultant and take a look at your numbers and go through his budgets, break evens, bottom lines.
But I think if you can do it yourself, I think you're going to look at what's the revenue compared to last year? What profit? How profitable were we? What's our profit? Did materials become more expensive? Which months were the most profitable? Where did we overspend? Did we have customers that still owe us money? Did we pay ourselves appropriately? And it's time to look at the services that you offer.
Today I want to talk about something I think every business owner should do before the end of the year, and I'm going to do it myself.
I'm in a group of business owners, and we're all at different stages, some starting business, some been in business for a long time, and it's really cool to just bounce ideas off.
We got talking about, hey, are we raising our prices next year? What are we doing? There's the uncertainty.
Is it going up? What are we doing? But I think I think now is a good time and not waiting till January to start looking at numbers, setting goals, talking about everything that's going to be changing next year.
So I think it's a good idea to with equip coming up to start fall still fresh in our mind.
Talk about equipment that is constantly breaking down, customers that give you problems.
You know, when did the schedule fall apart? What services made you the most money? And again, it's not an audit, a financial audit like from the IRS.
We're going to look at our money, look at our customers, our services, employees, equipment, our marketing plan.
And I think the first thing to do is really I think part one is looking at your numbers.
And if you're not a numbers person, hire John P. Jack to be a consultant and take a look at your numbers and go through his budgets, break evens, bottom lines.
But I think if you can do it yourself, I think you're going to look at what's the revenue compared to last year? What profit? How profitable were we? What's our profit? Did materials become more expensive? Which months were the most profitable? Where did we overspend? Did we have customers that still owe us money? Did we pay ourselves appropriately? And it's time to look at the services that you offer.
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