Effective time management

At BPU we can advise business owners in the Cardiff 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

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 Cardiff area and are looking for support and advice from a team of professional accountants and business advisers, contact BPU.

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BPU Chartered Accountants is the trading name of BPU Ltd Company number 3723948 registered in Wales. Registered to carry on audit work in the UK and Ireland and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales.

BPU Financial Solutions Ltd is an Appointed Representative of ValidPath Limited which is authorised and regulated by the Financial Conduct Authority. ValidPath Limited is entered on the Financial Services register (www.fca.org.uk/register) under reference 197107.

BPU Accountants, Radnor House, Greenwood Close, Cardiff Gate Business Park, Cardiff CF23 8AA
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