Episode 15 – 2026 Series Kick-off: Small Business Management

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In this episode of Business Made Smarter, Ed Nell and Doug D’Aubrey kick off the 2026 series by shifting focus from marketing to small business management. They explore why many great tradespeople and specialists accidentally build “a job” rather than a profitable business, and why management is really about managing activities (not just managing people). Doug outlines the key themes they’ll deep-dive across the series, from organisational structure and people management through to change, projects and financial control.

Key Takeaways

Doug’s core point is that “management” isn’t only about handling staff issues, it’s about organising and controlling the activities that make the business function and produce profit.

Even as a “sole trader”, you already have a structure, because you’re still relying on others (accountant, IT support, freelancers, subcontractors). The key is to identify the activities the business needs, then decide who does them and how.

If someone is doing work for your business (marketing agency, editor, plasterer, IT support), they’re effectively part of your organisation. You still need clear expectations, check-ins, and accountability; you may be paying for an activity with no measurable outcome.

As the business grows, delegation becomes essential, but it only works if you genuinely give people the authority to make decisions and deliver outcomes. Doug also suggests “virtual” management teams (peer groups or trusted advisors) for owners who don’t yet have managers in-house.

Doug warns against meetings for the sake of meetings. Effective meetings coordinate activity, assign actions, and include follow-up, because if you never follow up, people learn they can safely ignore priorities.

Tracking numbers (like lead conversion rate) turns guesswork into management. Doug shares two striking examples: owners who think they close 80% but don’t measure it, and owners who close 100%, which can be a sign they’re too cheap and should raise prices to improve profit and reduce overload.

People resist change when they don’t understand the benefit. When they can see what’s in it for them (or why it matters), they’re far more likely to support it.

Accountants often tell you what happened historically (sometimes many months later). Business owners need to know what’s happening now: what’s coming in, what’s going out, and what’s left, monthly (or weekly in some sectors), so problems don’t creep up unnoticed.

Best Moments

“Management is not about managing people… it’s about managing the activity necessary for the business to be successful.”

“Your subcontractors are employees, just in a different format.”

“If you’re closing 100%… you’re too cheap.”

“How can you manage something if you don’t know what’s going on?”

“Financial management is down to the business owner, not the accountant.”

About the host

Doug D’Aubrey, founder and Managing Director of Executive Training and Consultancy (ETC), leverages extensive senior management experience to help businesses across the UK and Europe. With tailored consultancy packages ranging from short-term projects to 3-year growth programs, Doug aids companies in improving operations and achieving results. Doug’s success lies in his honest communication with leaders, identifying strategies to enhance management skills and optimise service delivery for measurable outcomes.

Take advantage of a FREE 2-hour Business Review with ETC’s expert consultants to identify goals, tackle challenges, and create a clear plan for growth. Visit https://exec-tc.com/ to book your review.

The Five Biggest Issues Facing Small Business Owners in 2026 – And Practical Solutions That Drive Profitability

Small business owners enter 2026 under no illusion: the environment remains challenging, unpredictable, and demanding. Yet, while many of the pressures facing SMEs are well-documented, far fewer conversations focus on practical, accountable solutions that genuinely improve profitability.

At Executive Training and Consultancy Ltd, we work hands-on with business owners to build sound, accountable business plans that don’t sit on a shelf — they actively guide decisions, measure progress, and drive results. Based on current research and our day-to-day work with SMEs, here are the five biggest issues facing small business owners in 2026, and how they can be addressed in a structured, commercially realistic way.

1. Persistent Cost Pressures and Margin Erosion

Rising costs remain the dominant concern for small business owners. Energy prices, wage inflation, supplier increases, rent, and borrowing costs continue to squeeze margins. According to the UK Federation of Small Businesses (FSB), over 80% of SMEs report that cost pressures are their biggest threat to sustainability going into 2026.

The mistake we often see is reacting tactically, cutting spend across the board — rather than addressing the commercial model of the business.

A Practical Solution

Profitability is not about cutting costs alone; it is about understanding where profit is really made.
We work with business owners to:

  • Identify true gross margin by product, service, or customer segment
  • Eliminate or reprice low-margin work that drains cash and time
  • Build pricing models that reflect real costs and value delivered
  • Introduce rolling forecasts instead of static annual budgets

A sound business plan creates financial visibility, allowing owners to make informed decisions early rather than firefighting late. Accountability comes from reviewing financial performance monthly against the plan, not once a year with an accountant.

2. Talent Shortages and Rising Labour Costs

Recruitment and retention continue to challenge SMEs. Research from the Chartered Institute of Personnel and Development (CIPD) highlights ongoing skills shortages, particularly in technical, trade, and customer-facing roles. For small businesses, competing on salary alone is rarely viable.

Many owners feel trapped between overworking themselves or taking on staff they cannot yet afford.

A Practical Solution

The question is not “When should I hire?” but “What capacity do I actually need to deliver profitably?”

Our approach includes:

  • Capacity planning linked directly to sales forecasts
  • Role clarity tied to commercial outcomes, not job titles
  • Evaluating subcontracting, automation, or flexible roles before permanent hires
  • Building productivity targets into the business plan

Accountability matters here. Each hire must be justified within the business plan and measured against clear outputs. This ensures staffing decisions support growth rather than undermine profitability.

3. Cash Flow Volatility and Access to Finance

Even profitable businesses fail due to poor cash flow. Research from UK Finance and the British Business Bank consistently shows that cash flow instability is one of the leading causes of SME distress.

Late payments, uneven sales cycles, and poor credit control create pressure that distracts owners from strategic growth.

A Practical Solution

Cash flow should be managed, not hoped for.

We help business owners to:

  • Build cash flow forecasts linked directly to the sales pipeline
  • Introduce disciplined invoicing and payment processes
  • Align expenditure timing with cash inflows
  • Assess funding needs proactively, not reactively

A robust business plan demonstrates credibility to lenders and investors, but more importantly, it creates internal discipline. Owners become accountable to their own forecasts, reviewing variances monthly and correcting course early.

4. Regulatory Burden and Planning Uncertainty

From employment legislation to tax compliance and reporting requirements, regulatory complexity continues to grow. The OECD and UK government data show that compliance costs disproportionately affect smaller firms, where owners often shoulder the burden personally.

Uncertainty makes long-term planning difficult, but avoiding planning altogether is far riskier.

A Practical Solution

The solution is not to predict the future perfectly, but to plan flexibly and visibly.

We embed:

  • Scenario planning into business plans (best case, expected, worst case)
  • Clear decision triggers linked to changes in regulation or costs
  • Regular strategic reviews rather than fixed multi-year assumptions

Accountability is created by treating the business plan as a living document. Owners are not locked into assumptions; they are empowered to adapt with confidence.

5. Technology Adoption and Digital Overwhelm

Digital tools, AI, automation, and data analytics offer huge potential — but many SMEs feel overwhelmed. Research from McKinsey shows that small businesses adopting digital tools effectively can improve productivity by up to 30%, yet adoption remains inconsistent.

Too often, technology is purchased without a clear commercial objective.

A Practical Solution

Technology must serve the business plan, not the other way around.

We help business owners:

  • Identify where technology will directly improve profit, efficiency, or customer experience
  • Prioritise low-risk, high-impact improvements
  • Assign ownership and measurable outcomes to each initiative
  • Review ROI regularly

This ensures accountability and avoids wasted investment. Every tool must earn its place by contributing to the plan.

Bringing It All Together: Accountability Drives Results

Across all five challenges, a single theme emerges: lack of structure, visibility, and accountability costs small businesses money.

At Executive Training and Consultancy Ltd, we don’t deliver generic advice. We work alongside business owners to:

  • Build clear, practical business plans
  • Translate strategy into measurable actions
  • Hold the business owner accountable to their own objectives
  • Review progress regularly and adapt decisively

In uncertain times, the businesses that thrive are not those with the best intentions, but those with the clearest plans and the discipline to follow them.

If 2026 is the year you want stronger profitability, better control, and clearer direction, it starts with a plan that works, and accountability that delivers.

 Learn more at www.exec-tc.com

Prepare Your Business for 2026

If you want to prepare your business for 2026 and any of these five issues is likely to limit your business growth, now is the time to act.

We offer a free 2-hour Business Review designed to identify risks, uncover opportunities, and give you practical, accountable actions you can implement immediately.

Book your free business review today by contacting us at enquiries@exec-tc.com or here.

Setting Business Goals in 2026: Planning for Progress in an Uncertain World

Most business owners have a picture in their mind of where they want their business to end up. That future might involve financial security, early retirement, time freedom, a legacy for family, or simply running a business that no longer feels like a constant uphill struggle.

The challenge in 2026 is that the path to that future feels less predictable than ever.

Political change in the UK, shifting economic policy, ongoing global instability, and an unpredictable American political landscape mean many business owners are hesitant to plan at all. But uncertainty is not a reason to abandon planning. In fact, it is the strongest argument for doing it properly.

A business plan is not about predicting the future with precision. It is about creating a clear route forward, understanding your priorities, and putting decision-making structure in place so you can adapt quickly when conditions change.

Everything in your business plan should be anchored to your goals. Without that clarity, plans become documents that sit on shelves rather than tools that guide action.

Aligning Business Goals with Personal Goals

When business owners set goals, they often focus exclusively on turnover, profit, or growth. While these are important, they are not the reason most people went into business in the first place.

Your business exists to support your personal goals, not replace them.

Ask yourself where you want to be personally in three, five, or ten years’ time. That might be financial independence, fewer working hours, more time with family, or simply less stress and more control.

Your business goals should enable those outcomes, but they are not the same thing.

For example, a personal goal might be to reduce your working week to three days or spend several months a year travelling. The business goal that supports this might be building a management structure, improving profit margins, or systemising delivery so the business does not rely on you being present every day.

It is the personal goal that provides motivation. The business goal is the mechanism that makes it achievable.

Setting Goals That Are Challenging but Achievable

Ambition is important, but realism is essential.

If your business currently generates £30,000 a year and your goal is to reach £100,000 within six months, that level of growth would likely require significant investment, rapid scaling, and a tolerance for risk that many businesses simply cannot support.

Goals that are too far removed from your current position often lead to frustration rather than progress.

Good goals stretch you, but they do not break you. They should motivate action, not create constant pressure or a sense of failure.

A proven way to strike this balance is to use SMART goal setting.

Your goals should be:

Specific
Be clear about what you want to achieve. Vague ambitions do not drive focused action.

Measurable
You should be able to track progress objectively. Milestones are particularly useful here, as they provide regular checkpoints and opportunities to course-correct.

Achievable
The goal should be within the capability of your business, given the right focus and effort. If it feels impossible from the outset, it is unlikely to sustain momentum.

Realistic
Ambition must be grounded in commercial reality. Most successful businesses grow through consistent, incremental improvement, not overnight transformation.

Time-bound
Every goal needs a timeframe. Without one, priorities drift and accountability disappears.

Balancing Short, Medium and Long-Term Goals

In 2026, very few business owners feel comfortable committing to rigid long-term plans. That does not mean long-term thinking should be abandoned, but it does need to be approached differently.

A healthy goal framework includes a mix of:

Short-term goals that focus on immediate stability, cash flow, and operational control
Medium-term goals that build capacity, profitability, and resilience
Long-term goals that reflect personal ambition, exit plans, or legacy

The timescale for these goals will vary depending on your age, stage of business, and personal priorities. A start-up founder in their 30s may be comfortable planning twenty years ahead, while someone launching or reshaping a business later in life may want clearer outcomes sooner.

Where goals span several years, breaking them into milestones is essential. Milestones provide structure, maintain motivation, and allow you to measure progress without waiting years for results.

Goal Setting in 2026: Planning for Change, Not Certainty

The defining feature of 2026 is uncertainty.

Government policy may shift quickly. Tax and employment legislation may change with little notice. Global markets continue to react to political decisions well beyond the UK’s control.

The mistake many business owners make in this environment is either planning too rigidly or not planning at all.

The solution is flexible planning.

Your goals should be reviewed regularly, not set once and ignored. Monthly and quarterly reviews allow you to adjust assumptions, respond to external change, and make decisions early rather than react late.

This is not about lowering ambition. It is about maintaining control.

The way businesses operate has changed permanently. Technology, remote working, automation, and digital delivery are now standard, not optional. Decisions that made sense in 2019 may no longer be appropriate today. Asset-heavy models, large office footprints, or traditional working patterns should all be challenged against current reality.

The question in 2026 is not “How do I get back to normal?” but “What does a profitable, resilient version of my business look like now?”

How ETC Can Help

If you need support setting clear, realistic business goals or building a business plan that works in uncertain conditions, ETC can help.

We work with business owners to create practical, accountable plans that adapt as circumstances change. Our focus is not on theory, but on clarity, control, and measurable progress.

If you are new to ETC, we offer a free two-hour business review. This session is designed to identify risks, uncover opportunities, and leave you with clear actions you can implement immediately.

In uncertain times, planning properly is not a luxury. It is a necessity.

 

Six Practical Ways to Achieve Business Goals

Setting a business goal is the easy part. Achieving it, particularly in 2026, is where most business owners struggle.

With political uncertainty in the UK, shifting government priorities, and continued instability driven by the American political landscape, many businesses are operating without clear visibility beyond the next few months. That does not mean goals should be abandoned. It means the way you pursue them needs to be sharper, more disciplined, and more flexible than ever.

In this article, I want to share six practical ways to turn your business goals into measurable progress, even when conditions keep changing.

1. Break the goal down into controllable actions

Annual goals can feel overwhelming, especially in uncertain times. A twelve-month target is only useful if it is broken down into smaller, manageable pieces.

Once your main goal is clear, translate it into monthly targets that you can influence directly. These might relate to sales activity, pricing changes, cost control, productivity, or cash flow.

You cannot control government policy or global markets. You can control how often you review performance, how quickly you act on issues, and where you focus effort each month.

Progress comes from consistent action, not one big leap.

2. Review performance like a manager, not a passenger

Think of your business like a team mid-season. If the results are not where they need to be, you do not keep doing the same thing and hope it improves.

Regular reviews are essential. Monthly reviews should not just ask “Did we hit the number?” but “Why did we hit it or miss it?” and “What needs to change next?”

This is where many business owners fall down. They track performance, but they do not respond to it quickly enough.

Your reviews should lead to decisions. Stop what is not working. Double down on what is. Adjust assumptions early rather than firefighting later.

3. Turn ideas into a clear, written plan

Ideas are useless unless they are turned into actions.

Once you have decided what needs to change, document it. Your plan does not need to be complicated, but it does need to be clear.

Every action should include:

  • What needs to be done
  • Who is responsible
  • When it will be completed

In 2026, written plans matter more than ever. When conditions are unstable, clarity creates confidence. If something shifts, you can adjust the plan rather than lose direction altogether.

4. Create accountability beyond yourself

One of the biggest challenges for business owners is that there is often no one holding them to account.

If no one else knows your goal, it is easy for priorities to slip, especially when day-to-day pressures take over.

If you have a team, share the business goals with them. They do not need to know your personal ambitions, but they do need to understand what the business is working towards and how their role contributes.

If you do not have a team, find accountability elsewhere. This might be a coach, another business owner, or even a trusted family member. The key is commitment. Agree to review progress regularly and be honest about what is working and what is not.

Accountability turns intention into action.

5. Check the scoreboard regularly and objectively

You cannot manage what you do not measure.

Monthly performance checks are essential, particularly when external conditions are changing quickly. These checks allow you to spot problems early and make adjustments before they become serious.

They also allow you to recognise progress. Small wins matter. Momentum matters.

Businesses that succeed in uncertain times are not those that get everything right first time. They are the ones that notice issues quickly and respond decisively.

6. Celebrate progress, not just the final result

Too many business owners move the goalposts as soon as progress is made. That is a fast way to drain motivation.

When milestones are achieved, acknowledge them. That applies to you and to your team. Recognition does not have to be expensive. Often, genuine appreciation and clarity that progress is being made are enough.

Celebration reinforces behaviour. It reminds everyone involved that effort leads to results.

A final thought for 2026

Uncertainty is not going away. Waiting for stability before taking action is no longer a viable strategy.

The businesses that will perform best in 2026 are not the ones with perfect plans, but the ones with clear goals, regular reviews, and the discipline to adapt as conditions change.

If you want support turning your goals into practical action, ETC can help. We offer a free two-hour business review designed to give you clarity, challenge assumptions, and leave you with actions you can implement immediately.

Progress does not come from waiting. It comes from taking control.