At Swenta we can advise business owners in the London area on many aspects of running and growing a business. Here are some tips for effective time management…

The cliché states that 'time is money' and in a fast-paced working environment, it is particularly important to develop good time management skills.

Use the checklist below to see if yours could be improved.

Time Management Skills Checklist

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  YES NO
Management identify the most important issues, and deal with them first    
Staff 'diary' the important jobs, and turn to them in order of importance    
The less important jobs are always delegated appropriately    
Staff are able to deal with the jobs they are given    
Punctuality is a company policy    
Meetings are meaningful and impose a clear-cut agenda    
Distractions such as personal e-mail and calls are kept to a minimum    
Important tasks are tackled when people are at their most productive    
Staff are given rewards and incentives to encourage productivity    
Our current system allows some time for dealing with unexpected issues    

How did you do?

Count the total number of 'yes' answers you have given.

9-10 Well done - now you just have to make sure that you maintain your high standards of efficiency!

6-8 Use the checklist to identify and prioritise areas of weakness, and focus on improving these.

1-5 The first thing you should do with your time is review your time management! As things stand, you are at risk of damaging your bottom line through inefficiency.

If you are in the London area and are looking for support and advice from a team of professional accountants and business advisers, contact Swenta.

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