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Focus On What Really Matters

Time Management Tool

There are never enough hours in a day. As a business owner, it is easy to get caught up in the day-to-day operations of your business and not find time to work on what really matters.

At Brentnalls SA, we have devised this simple time management tool to help you priorities your precious time.

  1. First, list all of the activities you do or would like to do for the business.
  2. Rank each one on a scale of 1-10 where 10 is an activity with the greatest impact on achieving business goals, increasing profit and cash flow in your business, and 2 is of little impact.
  3. The rank each one on a scale of 1-10 where 10 is the activity that will have the quickest impact (i.e. low-hanging fruit) and 1 is an activity that will only impact the business in the long-term.
  4. Total the scores to get a ranking of out 20.
  5. Delegate all tasks with a score less than 16 and focus your time on those with scores 16-20.

Another way of looking at this is if you mark each activity in the following quadrant.

Y and X axis quadrant time management tool example.
X axis: Time each activity will take to have an impact on achieving goals, increased profit & cash flow in your business (10 = Quickest).

Y axis: Impact on your business goals, profits & cash flow (10 = Highest impact).

All activities marked in Quadrant B should be where you invest your time now (i.e. your immediate goals).

Quadrant A requires more time to achieve your goals and these should have a clear action plans with key people assigned to them to assist you with achieving the desired outcome.

All other activities in Quadrants C and D should be delegated to people in your team to free you up to focus on your activities in Quadrants A and B.

The outcomes of attending to the above include:

  • Ability for you to refocus your attention to areas that will generate the greatest impact on your business;
  • Drive growth and profitability;
  • Increase the value of your business; and
  • Force you to delegate tasks to your team members and empower them to assist you to grow the business - resulting in you being freed up to work more on the business rather than in the business.

If you require further information about this tool and other business tools such as Ansoff Matrix and Benchmarking, contact our office to arrange a meeting with one of our advisors?

If you would like to print this information please click here for PDF format.

Disclaimer
The information provided in this information sheet does not constitute advice. The information is of a general nature only and does not take into account your individual situation. It should not be used, relied upon, or treated as a substitute for specific professional advice. We recommend that you contact Brentnalls SA before making any decision to discuss your particular requirements or circumstances.
 

Our Services

Our services go beyond compliance to find out more about your goals, your priorities and establish plans to grow and protect your future wealth. We will take the time to listen, ensuring we meet your goals, as well as guide you so you have a better understanding of the financial decisions being made. Our services include:

Accounting & Tax
Business Advisory
Wealth Creation & Preservation

Our People

Our Partners & Principals want to be part of your team that drives your future success, that provides you with solutions to your challengers. More importantly, who listens and knows exactly where you are going and what you want to achieve financially. 

"Helping you achieve your dreams, is our passion, and our strength is in our dedicated professional team."

 

News & Resources

Our priority is to ensure your kept up-to-date on trends, industry legislations, accounting and tax updates, business advisory information, superannuation and much, much, more. All of which, may have an impact on you and your business. Our resources provide additional supporting information in the following areas: 

Newsletters
Fact Sheets
Checklists
News Articles
COVID-19 - Information Sheets
COVID-19 - Brentnalls SA Response

Our Location

255 Port Road
HINDMARSH SA 5007

PO Box 338
Welland SA 5007 

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P: (08) 8241 8444
F: (08) 8241 8488

E: [email protected]

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